Fuel swaps

The clock is ticking for all 34 trucking companies that participated in K-Ratio X’s now-defunct fuel hedging program to sign a universal settlement agreement.

The Tuesday deadline imposed by K-Ratio to sign its universal settlement agreement or face legal ramifications passed without a consensus for the 34 trucking companies that participated in its fuel hedging program. The Chicago-based company abruptly shut down its fuel futures program in late June.