Michael James - Transport Topics Sens. Susan Collins and Charles Schumer joined ATA President Walter B. McCormick Jr. to support the call for release of oil from the Strategic Petroleum Reserve. This is a fuel crisis that has been bedeviling the trucking industry for several months and is bedeviling the entire economy, McCormick said.
Truckers have the choice of moving the goods and losing money, or cut their losses and stop driving.
Collin agreed with the ATA leader s assessment the potential harm of the crisis. The trucking industry consumes nearly 30 billion gallons of fuel a year. For most truckers, fuel is their second-highest expense. So, when we have a jump in fuel costs such as we have experienced this past year, truckers are hit hard. For the full story, see the Mar. 6 print edition of Transport Topics.