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America’s long-haul truckers were already struggling. Then came $5 diesel

Summary by KIFI

By Nathaniel Meyersohn, CNN New York (CNN) — Jamie Hagen believed the Great Freight Recession was finally over. Last year was a tough one for his South Dakota trucking company, Hell Bent Xpress. He was thinking about shutting down, his cash drained in the lean years that followed America’s post-pandemic shopping spree. But he refinanced his equipment, wagering demand would pick up and freight rates would rise again. “We started seeing some real …

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WXOW

Center

Long-Distance Truckers in the u.s. Were Already Facing Difficulties. Then Diesel Arrived at Us$5.

Jamie Hagen believed that the Great Freight Recession was finally over.

1 day ago

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Local 3 News

+3 Reposted by 3 other sources

Center

Long-Haul Truckers in the Us Were Already Facing Difficulties. Then the Price of Diesel Reached $5.

Jamie Hagen believed that the Great Freight Recession was finally over.

1 day ago

Read Full Article

CNN

+11 Reposted by 11 other sources

Lean Left

America’s long-haul truckers were already struggling. Then came $5 diesel

Diesel, the largest day-to-day expense in trucking, has jumped in price since the start of the Iran war. That’s hurting the trucking industry, particularly small fleet owners.

1 day ago·Atlanta, United States

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