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Trucking Calls for Comprehensive Plan to Limit Fuel Costs' Effect on the Economy
added: 2008-09-24

A top trucking official urged the Bush Administration and Congress to implement a comprehensive energy plan that will ensure an affordable supply of oil and limit the effect of rising fuel costs on the U.S. economy.

Speaking on behalf of ATA before the Senate Energy and Natural Resources Committee, Barbara Windsor, President and CEO of Hahn Transportation of New Market, Md., said the United States needs a comprehensive energy plan that decreases demand for fossil fuels, increases domestic energy production and ensures transparency in the petroleum markets.

"It is clear that our energy crisis is a complex problem that requires a comprehensive solution," Windsor said. "This dramatic year-over-year increase in the cost of diesel fuel is harmful to the trucking industry and the U.S. economy. The fuel crisis we face today is severe."

Windsor said Hahn Transportation's fuel costs have increased 55 percent compared with last year. Hahn Transportation purchases about 2,600 gallons of diesel fuel daily. In 2007, the company spent $1.7 million on diesel fuel. This year, Windsor said Hahn will spend an additional $950,000 on fuel.

The trucking industry is doing its part to reduce fuel consumption by slowing truck speeds, reducing idling and properly maintaining equipment. Such steps, however, do not begin to offset the rising cost of fuel.

The dramatic increase in the price of diesel, which has coincided with a downturn in the economy, is hurting trucking companies nationwide. The trucking industry is experiencing the highest prolonged fuel prices in history. Today, it can cost more than $1,200 to fuel a tractor trailer.

Because trucks haul nearly all consumer goods, rising fuel costs have the potential to increase the cost of everything transported by truck,
including food, retail and manufactured goods.


Source: PR Newswire

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