Trucking firms worried about fuel costs, weak economy
Nov 05, 2008 | 07:55 AM
| Corinna Petry
Diesel fuel costs and the economy are the top two critical issues for the trucking industry, according to an annual survey by the American Transportation Research Institute, Arlington, Va.
The survey report, "Critical Issues in the Trucking Industry," said that respondents view the current economic slowdown as threatening job growth, freight shipments and markets both domestic and international.
"As diesel fuel prices rose to unprecedented levels, an already fragile U.S. economy began to feel the impacts of inflationary pressures and declines in consumer optimism and manufacturing output," the report said. Although motor carriers in 2008 "aggressively sought to recoup fuel cost increases with surcharges, the industry simply could not keep pace with the unprecedented rise in diesel fuel costs, topping $4.70 a gallon in July 2008."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.