Abrupt closure of K-Ratio’s fuel hedging program stuns trucking companies

The abrupt closure of K-Ratio’s fuel hedging program in late June has left trucking companies scrambling as they await answers from the Chicago-based company as to what happened and when or if participating carriers will recoup money owed to them for June settlements and if they will be reimbursed for future fuel swap option contracts they paid cash to lock in fuel prices into 2022.