I just heard this a couple of days ago. There is a mid sized trucking company here in the midwest (@2000 trucks). This is a good company that treats it's drivers well and has an outstanding reputation for getting the job done. It has been very profitable in the past for investors. One particular investor was telling me the story.
This last quarter after figuring costs of running the trucks....added in all the surcharges for increased cost of fuel....they came up 5.1 million dollars short on covering their fuel cost. Now I realize 5.1 million may not be much for that many trucks. These people can afford to hire people who should be able to make a reasonable estimate on covering fuel costs......they were in shock when the results came in.
I would imagine there are many worse stories out there....
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