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ARTICLE · 06 MAY 2022

Navigating Volatility: Contract Tips For Fluctuating Fuel Costs

Alexander Holburn Beaudin + Lang LLP
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World events, particularly the ongoing recovery from the COVID-19 pandemic and the war in Ukraine, are sending shockwaves through global energy markets and supply chains.

CanadaEnergy and Natural Resources
Ian Breneman
Ian Breneman
Johann Annisette
Johann Annisette
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GLOBAL FUEL PRICE VOLATILITY

World events, particularly the ongoing recovery from the COVID-19 pandemic and the war in Ukraine, are sending shockwaves through global energy markets and supply chains. Among other impacts, these circumstances have caused fuel costs to become highly volatile.  

What does this volatility mean for brokers, carriers, shippers, and other market participants that rely on transportation services? 

Price volatility may force a carrier to disproportionally absorb surging fuel costs, or leave the customer dissatisfied because the cost of transportation has increased dramatically. These factors can result in financial difficulties, unhappy customers, and costly disputes.  

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