03/31/2008

The American Trucking Associations is projecting a record-high diesel fuel bill in 2008. ATA said the trucking industry will spend $135 billion on fuel in 2008, based on current fuel price forecasts. This marks a $22 billion increase over the $112.6 billion spent by trucking in 2007.

Bill Graves, ATA president and chief executive officer, said the trucking industry is experiencing the highest prolonged fuel prices in history. Historically, fuel represented the second-highest operating expense for motor carriers, accounting for as much as 25 percent of total operating costs. For some motor carriers, however, fuel is beginning to surpass labor as their largest expense.