Truckload Carriers Association votes unanimously to support fuel surcharge legislation

| Monday, March 25, 2002

The Owner-Operator Independent Drivers Association welcomes the support of the Truckload Carriers Association for mandatory fuel surcharge legislation. On March 3, the TCA Board of Directors voted unanimously to support S. 1914, the Motor Carrier Fuel Cost Equity Act of 2002.

This bipartisan legislation, introduced by Senators John Kerry (D-MA) and Kit Bond (R-MO) would mandate a fuel surcharge for those not already paying one when the price of diesel fuel rises above $1.15 per gallon.

Jim Johnston, President of OOIDA, said "The truckload industry must speak with one voice to address the devastating effect that high fuel prices have on our industry. This bill will help both motor carriers and owner-operators recoup their higher fuel costs, and prevent the demise of thousands of small businesses."

It has been reported that over 200,000 trucks were repossessed and over 7,000 motor carriers filed for bankruptcy in the aftermath of high diesel fuel prices during the last two years.

Johnston continued, "We fully expect fuel prices to go higher this year, as they have each time during the last thirty years when there was unrest in the Middle East. In just the past two weeks, the national average price of fuel has jumped almost ten cents per gallon."

"We appreciate the willingness of the TCA to work with OOIDA on this important issue, and thank Bob Molinaro, President of Warren Transport, in Waterloo, Iowa, for his leadership in this effort," Johnston stated.

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