"Recent events in Egypt and Libya have highlighted how fragile the global oil market is, putting our industry at risk for rapid price spikes, even as we slowly begin to roll to an economic recovery," ATA President and CEO Bill Graves said.
In 2010, the trucking industry spent an estimated $101.5 billion on diesel fuel – a 28 percent increase over the previous year. Before the current spike in crude oil prices, ATA estimated that in 2011 carriers will spend roughly $20 billion more at the pump than they did last year.
In 2010, the trucking industry spent an estimated $101.5 billion on diesel fuel – a 28 percent increase over the previous year. Before the current spike in crude oil prices, ATA estimated that in 2011 carriers will spend roughly $20 billion more at the pump than they did last year.
