Transport, Logistics Feel the Heat As Oil Prices Spike

As pump prices rise, service providers in the transport and logistics sectors are feeling the heat, the Straits Times reported.

Bus operators, delivery companies and cabbies said they are now at their wits’ end as about 30 per cent of their costs are transport related, and now with the surge in fuel prices precipitated by the Russian invasion of Ukraine, they are among the first to be put through the wringer.

Read the full report: The Straits Times

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.