CANADAHALIFAX news High diesel prices ‘tough’ and ‘challenging’ for trucking industry by admin 4 أبريل، 2022 written by admin 4 أبريل، 2022 270 Diesel prices continue fluctuating across Nova Scotia, where it’s currently sitting above $2 per litre in the province CITYnews halifax \ Chris Stoodley Listen to this article High diesel prices are creating a tough and challenging situation for the trucking industry, according to an Atlantic Canadian association. “The challenge, right now, is the spikes that we’re seeing in a very short period,” Jean-Marc Picard, executive director of the Atlantic Provinces Trucking Association, said. “For most companies, you’ve got to manage your cash flow. When you see these hikes within a span of five days like we’ve seen a few weeks ago, that’s when it gets really difficult to manage.” In Nova Scotia, gasoline prices saw a slight dip last week, dropping 5.5 cents to 167.3 a litre. But diesel prices in the province didn’t change, remaining at 205.6 a litre. Picard told The Todd Veinotte Show that it becomes tricky for truckers when the cost of diesel remains high or rises. While truckers will still operate and carry loads to their destinations, Picard said they won’t get paid for their deliveries for a month or longer. That means truckers must be able to carry those higher costs for that time period. He said a fuel surcharge typically protects the industry and its customers since diesel prices usually change on a weekly basis. But he said the issue is that the industry is always a week behind. That doesn’t help when there are multiple hikes in one week, which has recently been the case. “You can’t really adjust your prices for your customers until next week,” Picard said. “Therefore, you’ve got to absorb all those increases that are happening throughout the week. “If you’re not financially solid, it can be really painful; it can really hurt the small companies.” Moreover, he said it doesn’t help that the supply chain’s capacity has been tight over the past year. “It’s been tough lately. You’ve got to expect something to be passed onto consumers at some point, especially if it lasts,” Picard said. “I haven’t seen a summer where fuel prices were low in a long time. This is probably going to be like this for a while.” 0 comment 0 FacebookTwitterPinterestEmail admin previous post جولي في أوروبا الأسبوع المقبل لمحادثات حول الخطوات التالية بشأن الحرب في أوكرانيا next post ‘Sea of virus’: expert fears COVID numbers heading in ‘wrong direction’ You may also like Man faces long list of charges after standoff... 13 مارس، 2025 استطلاع: 40% من الكنديين يخشون فقدان وظائفهم 13 مارس، 2025 كندا تخفف العقوبات المالية عن سوريا وتندّد بالمجازر... 13 مارس، 2025 ‘Get ready for a wild ride’: Weather Network... 13 مارس، 2025 Clear skies expected in much of Nova Scotia... 13 مارس، 2025 Nova Scotia NDP urging public to weigh in... 13 مارس، 2025 Unsafe tap water is common in Newfoundland. This... 13 مارس، 2025 ترامب يصعّد حربه التجارية على كندا: الصلب والألومنيوم... 12 مارس، 2025 أونتاريو تفرض رسماً بنسبة 25% على الكهرباء إلى... 10 مارس، 2025 China tariff on Canadian seafood adds more volatility... 10 مارس، 2025