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As the oil shock hits, China's truck drivers face the threat of layoffs: 'Under these conditions, we might as well leave the truck in the parking lot'
Fearing a loss of competitiveness for their products, transport companies remain highly reluctant to pass on to their customers fuel cost increases that have been triggered by the war in Iran and the blockade of the Strait of Hormuz.
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lemonde.fr
As the oil shock hits, China's truck drivers face the threat of layoffs: 'Under these conditions, we might as well leave the truck in the…
Fearing a loss of competitiveness for their products, transport companies remain highly reluctant to pass on to their customers fuel cost increases that have been triggered by the…
- ·
scmp.com
‘Cancelling orders’ in China: Hormuz oil crisis hits transport and manufacturing
Analysts and industry insiders say higher costs are squeezing margins, with some of China’s wary industrial heartland compelled to make day-to-day purchases.