Hedging of exposure to the shifts in the price of fuel has been a rarely sighted activity in the trucking market for a variety of reasons: Fuel surcharges allow pass-throughs to customers, it ties up capital, and hedging losses can be painful blots on earnings reports for public or private companies.
But the volatility of the diesel market through the pandemic opened up an opportunity for K-Ratio, the Chicago-based risk management firm that offers a variety of services to the freight industry....
https://s29755.pcdn.co/news/pandemic-fueled-hedging-innovation-on-diesel-may-be-a-keeper