C.H. Robinson is rolling out temporary financial relief for its carrier network as diesel prices spike.
Following renewed conflict in the Middle East, the company announced it will waive fees on its discount fuel card and on fuel-related cash advances through April and May.
Fuel remains the single largest operating expense for trucking fleets, accounting for roughly 20% to 28% of total costs. The sudden increase in diesel prices has put particular pressure on smaller carriers and owner-operators, who make up a significant portion of the industry.
“Fuel is the biggest expense for a carrier,” said Michael Castagnetto, president of North American Surface Transportation at C.H. Robinson. “We want to help them get through this unexpected financial strain.”
Free Fuel Card and Application Fee Waiver
C.H. Robinson’s fuel card program provides discounts at thousands of truck stops nationwide. Now, its fuel cards will be offered without an application fee during the two-month period.
The company says the card can deliver substantial savings of up to $385 per fill-up and as much as $9,000 annually per truck.
Carriers can apply online in minutes, with approvals typically taking three to five business days, the company said.
In addition to fuel discounts, the logistics provider is eliminating fees on cash advances tied to fuel purchases when funds are loaded onto the fuel card.
Carriers can access up to 60% of their load pay after pickup, helping cover expenses while still on the road.
Advances can be requested through the Navisphere Carrier app or website and are available to both new and existing carriers.
Support for a Fragmented Carrier Base
The move targets a highly fragmented carrier base, where nearly 60% are owner-operators, the company said.
These small businesses play a critical role in moving freight across North America but are especially vulnerable to fuel price volatility.
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