The Truckload Carriers Association is presenting an audio conference entitled “Protecting Your Company Against Volatile Energy Prices,” from noon to 1:30 p.m. (ET) this Thursday.
Today’s price volatility has made the fuel buyer’s job even more difficult. Should you lock in prices now or wait? With a diesel market capable of moving 25 cents per gallon in one week, waiting can be a very costly decision. Conversely, no risk manager wants to buy at the top of the market.
Financial tools are available to help you manage these risks. These tools do not affect your existing procedures for buying fuel. TCA presents an opportunity for you to speak with professionals in the field who have successfully implemented these strategies.
Topics to be covered include:
• What are the tools and terminology you need to know.
• How to identify your risk. Sometimes falling prices can put you at a competitive disadvantage.
• How to apply financial hedging in conjunction with your physical fuel buying program.
• How to cap future fuel purchase prices and how to protect your investment in gallons already purchased.
• How to establish a maximum-minimum fuel price window that protects your profit margin.
For more information and a registration form, visit www.truckload.org/events. Or call Virginia DeRoze, TCA's director of education and training, at (703) 838-1950.
