From:                                         David Hickmott [DHickmott@uli-atl.com]

Sent:                                           Monday, March 24, 2008 8:58 PM

To:                                               David Hickmott

Cc:                                               David Hickmott; David Hickmott

Subject:                                     Rising Fuel Costs for Domestic

 

Dear Valued Unique Customer,

The below article was sent to us from one of our service providers with regard to rising cost of diesel.  Over the past 4-6 weeks, ULI has been receiving weekly updates from both less than truck load (air and lcl ocean) as well as truck load/container drayage companies with regard to rising fuel surcharge.  The fuel surcharge is different depending on the market (i.e. west coast, Midwest, southeast, etc…) but it ranges from 32-45% on top of the base freight.  Aside from ocean fuel (bunker), the cost of domestic deliveries with regard to fuel is also steadily increasing.  Unfortunately, fuel is a rising variable cost that all business will continue to face.

 

Thank you for your support of Unique Logistics International.  We appreciate and value your business!

 

 

Best Regards

David Hickmott - Executive Vice President

ph#404-767-0500 (ext 306)

Mobile# 678-478-6604

Fax# 404-767-3319

 

Diesel Jumps 15.5¢ to Record $3.974 a Gallon

Price Tops $4 a Gallon on Both Coasts

 

Diesel fuel’s national average jumped another 15.5 cents Monday, to $3.974 a gallon, for its fourth straight record high, the Department of Energy said Monday.

cid:image001.gif@01C88D8D.C76A8090The increase left trucking’s main fuel $1.293 higher than the same week a year ago, according to DOE figures.

Gasoline, meanwhile, rose 5.9 cents to a second straight record, at $3.284 a gallon, DOE said following its weekly price survey.

The diesel price topped the $4 level in both the East Coast region, at $4.035 a gallon, and the West Coast region, at $4.018.

It hit $4.083 a gallon in California, which DOE breaks out separately but is included in the West Coast tabulation.

The price also topped that level in East coast sub-regions of New England, at $4.119, and the Central Atlantic, which had the highest overall price, at $4.177 a gallon.

Crude oil prices soared to all-time highs last week on the New York Mercantile Exchange, closing at a record $110.33 a barrel on Thursday.

American Trucking Associations said Monday that this year would set a record for diesel fuel expenses for the trucking industry, at $135 billion, up $22 billion from last year

Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.