Are 34 trucking firms left holding the bag after K-Ratio program collapse?

Trucking companies seek answers in K-Ratio X's fuel swap program collapse

Trucking companies want answers after K-Ratio abruptly shut down its fuel hedging program in late June, two days before some carriers say they were scheduled to receive their fuel swap settlements for the previous month. But K-Ratio says it was incorrectly led to believe the program was being handled properly and that it faces huge losses if it honors the open contracts.

A spokesperson for the fuel swap program, called K-Ratio X, told FreightWaves on Tuesday that it had notified 34 trucking...

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.