KTVN: Local Businesses React to California Gas Tax Increases
ITS Logistics is in the news on KTVN Channel 2 News… Fleet President Jim Dingman shares his thoughts on the California Fuel Tax (SB1) that just went into effect.
California woke up to higher fuel prices Wednesday morning and the effect may be minimal on drivers, but it is a cause for serious, long term concern for businesses.
It’s a dire situation for the folks at ITS Logistics in Sparks.
“If we don’t take the right actions and don’t get the right responses from our customers we can literally see this erasing our entire profit margin and pushing us into a negative income situation,” said ITS Logistics President of Fleet, Jim Dingman.
They do a lot of business in California, which at 12:01 this morning spiked its gas tax 20 cents per gallon for diesel. When you use 100,000 gallons a week, it’s an extra $1 million a year.
“We have to pass that along through all corners of our network.”