Oil price surge forces 4 000 Northeast trucks to halt services

Surging oil prices, particularly diesel fuel, have begun to take a heavy toll on transport operators in Northeast Thailand, with almost 4,000 trucks already idled, as their operators won’t take to the road under these circumstances, stopping freight transport services.

Pramote Kongthong, president of the Northeastern Transport Operators Association, revealed that 449 members owning more than 10,000 trucks, had taken almost half of their trucks out of service Thursday because their businesses could not keep pace with the rising cost of fuel.

Some operators have already closed their doors and shifted their commercial attentions to other kinds of businesses. They had already sold their trucks to other major operators with larger amounts of capital.

Should the diesel price continue to surge to 40 baht per litre, he believed, the transport operators would have more than 1,000 trucks out of service, making a big bottleneck for the transport in the region. (TNA)

Serve it cold.

The oil crisis can potentially disrupt asian economies. Oil/energy is their weakest point.

Confronted to this threat… the authorities have no answer or very little.

By the way, new record this morning : 135 USD per barrel.

1 Response to “Oil price surge forces 4 000 Northeast trucks to halt services”

  1. 1 fall 22 May 2008 at 12:48 pm

    May be it’s time the global economy realize and adjust to the permanent supply price shift. Or an invasion to OPEC countries to stop their oligopoly… (which, ironically, will drive price further up)…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

%d bloggers like this: