Freight Broker Cuts Fuel Card Fees Amid Rising Diesel Costs

C.H. Robinson, a leading freight brokerage company, has announced that it will be waiving fuel card fees for its network of contract carriers amid rising diesel costs and higher energy prices. The move is part of the company's efforts to help its customers weather the financial strain caused by the surge in diesel prices.

Diesel prices paid at the pump have risen sharply higher in recent weeks, with the national average for ultra-low sulfur diesel reaching $5.401 per gallon for the week ending March 30. This is the highest level since late 2022, and the benchmark price has now risen for 11 consecutive weeks and is up nearly $1.94 per gallon since mid-January.

The company's fuel card provides savings of up to $385 per fill and up to $9,000 a year per truck, making it an attractive option for carriers who are struggling with the rising costs of diesel fuel.

C.H. Robinson's decision to waive application fees for carriers who apply in April and May is also seen as a move to support its customers during this challenging time.

The company's cash-advance fee waiver for advances requested on the fuel card during those two months will also help reduce the financial burden on carriers.

This move by C.H. Robinson highlights the growing concern among freight brokerages about the impact of rising diesel costs on their customers and the need to provide support and relief to these businesses.

Freight brokerages have increasingly used technology platforms to offer cash advances as fuel prices climb, but this latest move by C.H. Robinson sets a new standard for industry support.

The decision also underscores the importance of building strong relationships between freight brokerages and their customers, particularly during times of financial uncertainty.

By providing these benefits, C.H. Robinson is demonstrating its commitment to supporting its customers and helping them navigate the challenges posed by rising diesel costs.