Manzullo of Illinois spoke to the House Energy and Commerce Committee about the
rising cost fuel and how prices impact small businesses. Manzullo is chairman
of the House Committee on Small Business.
One of the
stories he told at the hearing was about Richard Todd, who operates Todd
Transfer of Rockford, IL. Manzullo said Todd told him personally that the cost
of fuel is tipping the balance of the scales to where Todd is operating without
any profits. Todd’s trucking company normally runs on a margin of 2 to 3 percent
and fuel increases are eating into that margin.
Manzullo told the committee that Todd’s fuel prices are up $90,000 in the last
six months and his company is forced to absorb more of the costs because Todd
Transfer’s biggest customers will not pay a fuel surcharge. He is only able to
pass on his additional fuel costs or surcharges to his smaller customers, who
themselves are struggling.
the committee about Bob Trojan of Rockford, IL, a hydraulic cylinder
manufacturer. Trojan told Manzullo that the cost to run his plan has increased
between 20 and 30 percent because of soaring fuel prices. Trojan said because
he is a small manufacturer, trucking companies have added surcharges on to his
OOIDA has fought
for several years for a mandatory fuel surcharge. Such a measure was originally
included in the House version of the Highway Bill earlier this year. The
provision, however, did not make the final version of the recently passed bill.
Manzullo was a strong supporter of the fuel surcharge provision.