Cross-border shippers confront volatile Mexican fuel costs
As Mexico rolls out its fuel price liberalization scheme, shippers moving goods across the border and within the country are dealing with a new problem: determining the impact of fuel price volatility on their transportation costs. For the first time, shippers are being hit with fuel surcharges in Mexico, as carriers struggle with higher diesel prices and unexpected volatility.
“It is really hard to overstate the magnitude of the change in this market, not just for consumers but fuel providers as well,” Daniel Cullen, director of applied knowledge at Breakthrough Fuel, said. “In six weeks, they’ve gone from a single national fuel price to a fuel market with 90 different regions and daily price assessments.”