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Dec 12, 2014

TRUCK FUEL SAVINGS * USA: Truckers vie with shippers for

* Virginia - Oil rout puts $24 billion of truck fuel savings in play

Arlington,VA,USA -Bloomberg News, by Thomas Black -December 11, 2014: -- Fuel is the largest expense for long-haul trucking companies before the surcharges, followed closely by labor, said Bob Costello, chief economist for... The American Trucking Associations calculates that each 1-cent drop spurs industrywide annual fuel savings of $350 million. Diesel last week averaged $2.15 a gallon, down from $2.85 in the last 12 months. About 85 percent of the savings goes to shippers through lower fuel surcharges... That may soften shippers’ resistance to higher rates that trucking companies say they need to cover rising expenses for salaries, health care and new regulations that limit driving hours. Unlike previous times when fuel prices fell, stronger economic growth is increasing demand for cargo space while drivers are scarce, which spurs higher rates...

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