Soaring pump prices put the squeeze on logistics players

Singapore

AS the Russia-Ukraine war drives up fuel prices, some logistics companies have seen fuel costs rise by a third in just two weeks - with little of this being passed on to customers.

Over the past two weeks, fuel costs have risen about 35 per cent for Masindo Logistic and 30 per cent for DAP Asia Pacific (S). Both firms have mainly fixed-price contracts, forcing them to absorb the rise.