Rising Fuel Prices Hurting Moving Business and Independent Truck Owners

Rising Fuel Prices Hurting Moving Business and Independent Truck Owners

Fuel: the prime source of energy for moving company also seems to be cause of worrying these days. The rising fuel prices across the globe are hurting the moving business the most. It is reported that the fuel price may touch new height with a minimum increase of 6 percent next year. But the problem is that they do not want to lose their business by charging the same to their customer. The worst affected is said to be local moving companies who are struggling to meet the demand of fuel as compare to their demand. The rising prices and shortage of supply have forced as many as 3000 gas station to close down their shop.

The rising prices have also seems to be affecting operational cost of the cross country movers. The loading and loading cost have almost been doubled over the past couple of years. It is not that the only sufferer is cross country movers, the common man or the big business houses are also among them. If you see the cost of driving taxi or hiring a private car have also increased and has marked a double rate of increase in a couple of year. It is believe that people are willing to shoulder the increased burden but due to high competition and lower moving demand have compelled cross country movers or local movers md to keep their increase at a minimal rate so that it won't gave a chance to its competing moving companies to attract their customer.

It is believed that skyrocketing fuel prices have caused huge loss of many cross country movers, independent truck drivers and operators. According to Ron White (2009) of the Los Angeles Times, "A total of 785 trucking companies with a combined fleet of about 39,000 trucks went out of business in the third quarter (of 2008)" (Truckers feel sideswiped by economy, fuel prices, para. 8). The rising prices have cut down the profit margin of the independent truck drivers but with the rising numbers of truck going out of business indicates loosing of jobs which is a serious reason of worry of local movers md. Since freight delivery fees are fixed amount, fuel can vary day-to-day. To avoid losing job often truck drivers accept lower loading and unloading charges which hardly covers their cost. Truck drivers were expecting a surcharge on fuel to manage the variation in pricing but this does not happen as it should. This many operator and truck owner to cut down daily operation. The main cause of worry is the bankruptcy and negative turnover of the many cross country movers and independent drivers. The turnover rate is declining ever since the fuel price started shooting up.

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