This paper will dicuss the rising prices on fuel over the past few years. It will involve the trucking industry and explain how the rising of gas prices has effected trucking company. Crude Oil prices have passing over one hundred dollars a barrel. This has effected many independent owners-operators. This article will dicuss why some independent owners have decided that it is no longer profitable to drive a truck. Some owners have taking a different approach with the rise of crude oil. The article will discuss how some owners have reduced horsepower in the engines of their trucks in order to increase profit and have also choice to run day routes in smaller trucks.
Following the discussion of the rising prices in the trucking industry the author will dicuss his understanding of the topic. The author will also dicuss the SWOT analysis method and finds ways on how this problem can be fixed. This article will be concluded with a summarization of the autors key points.
Fuel prices going can be very costly for any trucking company. By having crude old prices rise to over a hundred dollars a barrel has made many major companys take a different approach in there business. Indepndent owners have had to considering if staying in the truck the business is still profitiable. In 2000, using our proprietary historic sales data, Nassau Asset Management developed a forecasting tool for our own use. In 2003 we decided to formalize this information and began to release it to the public. Thus was born the NQI - or Nassau Quarterly Index - which we have released every quarter since 2003. Some of the index's latest trends begin when comparing 2006 to 2007. During this period, we saw a 1 10% increase in truck repossessions and liquidations. The latest data shows that repossessions are down approximately 21% in the first quarter of 2008 as compared to the robust Ql of 2007, but this still represents a...