“Freight is charging 50% fuel surcharge. So if it used to cost $500 to send a pallet from Texas to California, now it costs $750”
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Said on Road 2 Retail
The Core Report · #1009 Indian IT Stocks Are Beating Chip Stocks
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described current freight cost as a percentage of oil price
freight cost now 25-30% of oil price, previously about one-fifth
“Freight is charging 50% fuel surcharge. So if it used to cost $500 to send a pallet from Texas to California, now it costs $750”
“We're using Peec currently. I like them. They continue to get adopted. It was reasonably priced.”
“‘The promoters halved the price… the $11 might have to be lowered… bankers were considering recutting the price… as low as $6’”
“At one point, we had about a 80% correlation on a one-month basis between two-year treasury yields and the price of oil.”
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