Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business
"When you got a fleet of trucks, and you're running probably 700 to 800 miles a day, a truck is going to get five miles to the gallon," Goodson told, an ABC-affiliated network."That fuel increase kills you. And so I didn't see any way out."
It's not just rising gas prices that's making business harder for Goodson. He told News Channel 12 that there were shortages of trucks and the cost of nearly every piece of operating equipment had risen., while used car and truck prices were up by 22.7%., and we loggers are the ones where it starts," Goodson told News Channel 12."That's the grassroots; we are at the bottom of the totem pole.
In the third quarter of 2021, there were just over 9,000 logging and forestry establishments in the US, per data from the
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