‘CHOKEPOINT': Diesel prices SKYROCKET, squeeze small businesses nationwide

• Diesel prices are up 50% from last year, significantly impacting trucking and moving companies and contributing to supply chain issues.
• The CEO notes that while current prices are high, they are comparable to pre-Trump election levels, attributing the recent surge to geopolitical conflicts.
• Good Greek Moving and Storage is absorbing costs and implementing efficiency measures to avoid raising prices for customers, advocating for lower interest rates and fuel prices for broader economic recovery.

The segment discusses the significant impact of surging diesel and crude oil prices on the trucking and moving industry, with diesel prices up 50% from last year. Spero Georgedakis, CEO of Good Greek Moving and Storage, explains how these costs affect his business and the broader supply chain, while emphasizing resilience and strategic cost management to avoid passing on all expenses to consumers.