Logistics Management Magazine recently turned to CFI Executive Vice President Greg Orr's 30 years of transportation industry experience for his outlook on inflationary pressure and the road ahead.
While trucking has entered its fourth year of higher rates and profitability, carriers like CFI now face higher prices on everything from trucks to windshield wipers and lubricants. The article also points out that fuel prices are nearing $4 a gallon across most of the U.S., with crude oil priced at nearly twice rates from one year ago.
"As a country, we have to figure out how to get in front of inflation," Orr told Logistics Management's Contributing Editor John D. Schulz.
Read the full article here: CFI head Orr says inflation pressures threaten more trucking bankruptcies.
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Logistics Management Magazine is a part of Peerless Media Group and has been a preferred news source for logistics industry professionals since 1962. The monthly publication covers current news, information, and trends across various trucking, freight, and logistics topics.