$6 DIESEL… AND YOUR FUEL SURCHARGE IS SCREWING YOU | BRAKE CHECK
Diesel is above $6 a gallon. But what if the pump isn't the only place your trucking company is getting crushed?
One carrier analyzed by Magnus Technologies was reportedly more than $53,000 behind through August because of the timing of its monthly fuel-surcharge resets.Read that again.
$53,000. GONE. BECAUSE OF THE MATH.
On this episode of Brake Check, Charles goes after both sides of the squeeze hitting carriers right now: keeping good drivers when margins are disappearing and making damn sure your fuel surcharge is actually recovering what diesel is costing you.
First, Brad Hackett, Director of Recruiting & Safety at Jett Express, breaks down the “Big Four” behind driver retention: pay, equipment, home time and respect. When fuel destroys your margin, which one do you protect? What actually keeps a driver from leaving for a few cents more? And can running a genuinely safe operation become a recruiting advantage
Because seeing FUEL SURCHARGE on the rate confirmation doesn't automatically mean you're getting your money back.And at $6-plus diesel, guessing whether you're profitable isn't good enough.
Six-dollar diesel hurts when you buy it.
Bad math makes it hurt AGAIN when you don't get it back.
CHECK THE DAMN MATH.
SOUND OFF: How often does your fuel surcharge reset .... weekly, monthly or quarterly?
And have you actually checked whether it's covering your real fuel increase?
#Trucking #Diesel #FuelSurcharge #OwnerOperator #TruckDrivers #TruckingIndustry #DieselPrices #Freight #FleetManagement #BrakeCheck
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Other FreightWaves Shows
Learn more about your ad choices. Visit megaphone.fm/adchoices
One carrier analyzed by Magnus Technologies was reportedly more than $53,000 behind through August because of the timing of its monthly fuel-surcharge resets.Read that again.
$53,000. GONE. BECAUSE OF THE MATH.
On this episode of Brake Check, Charles goes after both sides of the squeeze hitting carriers right now: keeping good drivers when margins are disappearing and making damn sure your fuel surcharge is actually recovering what diesel is costing you.
First, Brad Hackett, Director of Recruiting & Safety at Jett Express, breaks down the “Big Four” behind driver retention: pay, equipment, home time and respect. When fuel destroys your margin, which one do you protect? What actually keeps a driver from leaving for a few cents more? And can running a genuinely safe operation become a recruiting advantage
Because seeing FUEL SURCHARGE on the rate confirmation doesn't automatically mean you're getting your money back.And at $6-plus diesel, guessing whether you're profitable isn't good enough.
Six-dollar diesel hurts when you buy it.
Bad math makes it hurt AGAIN when you don't get it back.
CHECK THE DAMN MATH.
SOUND OFF: How often does your fuel surcharge reset .... weekly, monthly or quarterly?
And have you actually checked whether it's covering your real fuel increase?
#Trucking #Diesel #FuelSurcharge #OwnerOperator #TruckDrivers #TruckingIndustry #DieselPrices #Freight #FleetManagement #BrakeCheck
Follow the Brake Check Podcast
Other FreightWaves Shows
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Matterfact has every podcast on Apple Podcasts and Spotify: 700K+ channels, 120M+ episodes.
The candid version is on a podcast,
not the earnings call.
Matterfact turns the conversations your coverage is already having into a searchable, citable record — across every episode, not just this one.