Fuel costs could drive trucking businesses to the ground
Increased fuel costs could drive some trucking business under according to an industry association. War in the Middle East has effectively closed the Hormuz strait, a vital shipping lane, meaning oil prices are volatile. A barrel of Brent Crude is just over $100 US dollars. The New Zealand Trucking Association says fuel has now overtaken labour as the biggest cost for trucking companies. CEO David Boyce spoke to Lisa Owen.
Checkpoint · RNZ
March 12, 20265m 22s
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Show Notes
Increased fuel costs could drive some trucking business under according to an industry association. War in the Middle East has effectively closed the Hormuz strait, a vital shipping lane, meaning oil prices are volatile. A barrel of Brent Crude is just over $100 US dollars. The New Zealand Trucking Association says fuel has now overtaken labour as the biggest cost for trucking companies. CEO David Boyce spoke to Lisa Owen.