Thereupon, skyrocketing fuel prices have brought enormous unexpected cost for trucking companies, and it has come altogether with major reductions in the US economic activity. Actually since the Motor Carrier Regulatory Reform and Modernization Act took place in 1980, the trucking industry in USA has experienced ups and downs. Those ups and downs in the trucking industry are present even nowadays, this industry is still experiencing it every now and then.
We are all well aware that the fuel is the biggest expense for each trucking company, therefore if the trucking company leaders, as well as the truck drivers do not manage it good it might lead them to even bigger problems- up to profit decreasing.
Source: www.smartflowtech.com
The trucking industry having a great impact on the US economy is in general spending around 13% fuel on annual basis, and if we transform those 13 % into dollars we can see that trucking companies are spending more than $130 billion. To put it a bit differently, on a weekly basis in general an average Class A truck is spending around $2.000 on a weekly basis.
Source: www.carintomoolah.com
