Wednesday July 12, 2006

Transportation industry feels the pinch of escalating fuel prices

peakoil.com -> msnbc.msn.com :

Transportation industry officials are warning that rising fuel costs pose an increasing threat to the viability of many small trucking firms. Tiffany Wlazlowski, spokeswoman for the ATA, a national trade association for the trucking industry, says fuel costs represent up to 25% of operating expenses for most of its motor-carrier members. "High fuel prices are having a tremendous impact on our motor-carrier's bottom line ... our industry is expected to spend $100 billion on fuel this year." Wlazlowski says.

There are more than 560,000 motor carriers, she says, and 95% of them have 20 or fewer trucks. "So, essentially, the trucking industry is a small-business industry. The smaller your business, the higher percentage of your operating costs that fuel represents," she says.

(2006-07-12 12:20:48 SGT) [Energy] Permalink

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