Soaring Diesel Costs Threaten Northeast Logging Industry Viability
What happened
Diesel fuel prices surged past $6.50 per gallon nationally in late September, with prices averaging even higher in the Northeast region. The Professional Logging Contractors of the Northeast estimates that the cost to harvest and deliver a single 30-ton load of wood increased from roughly $306 in January to about $567 today, representing an increase of $261 per load.
From centralmaine.com
Why it matters
Logging and forest trucking companies must absorb these rising fuel costs because wood prices are determined by mills and wood buyers, not the contractors. This financial pressure is leading to a grim mood across the industry and could force many companies to close.
From centralmaine.com
Who's involved
- Dana DoranExecutive director of the Professional Logging Contractors of the Northeast
- NortheastRegion where logging contractors operate and where fuel costs are spiking
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Dana Doran
basketball player
Nothing else this week.
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Northeast
one of the six constituencies (kjördæmi) of Iceland