Heard on the Street: Surging oil fuel prices usually produce both winners and losers for transportation companies, but not this time
Surging oil prices usually produce both winners and losers for transportation companies, but not this time
Every day, millions of sailors, truck drivers, longshoremen, warehouse workers and delivery drivers keep mountains of goods moving into stores and homes to meet consumers’ increasing expectations of convenience. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. Photo illustration: Adele MorganAmateurs complain about high gas prices. Pros worry about middle distillates.
Surging oil prices, high demand and logistical challenges have caused nosebleed prices for the refined products that keep the world running, from jet fuel to diesel.to shield consumers at the pump won’t keep shortages of other transport fuels from stoking inflation in everything from airplane tickets to food at the supermarket. Normally there are silver linings from a surge in energy costs for companies that haul goods around the country. Not this time.