Canadian Underwriter

As a result of the surge in fuel costs, factories face increased per-unit costs, fuel surcharges for shippers are increasing exponentially, transport truck drivers (particularly in Europe) have organized mass strikes and less financially viable transportation companies and owner/operator truck drivers are being forced out of business, the [Marsh] report found.

Risk managers can help their companies with both the insurable and uninsurable risks posed by pricing pressures [by considering: 1) hedging, 2) scenario and simulation building, and 3) insurance protection].