It was bound to happen...

I have seen this coming down the pike for about a year now. Regulation after regulation is taking its toll on American Trucking companies including the Autohaulers. Simply put the economy will grind to a halt if regulation sends the costs of transporting goods skyrocketing.

In an industry like Automobiles the need to keep prices as a low as possible is paramount to success.

From KBND.com
Thursday, April 21st 2011 09:53am Image via Wikipedia

This week Oregon Congressman Greg Walden is hearing some tough stories from truckers in Oregon. On a trip through his District, Walden spoke with the owner of a trucking company in southern Oregon who is forced to close because of the cost of fuel and mounting state and federal regulations. "Its was pretty depressing meeting if you want to know the truth in terms of federal regulations and the price of fuel are doing as we try to get this economy going again." Original Article

DOE Lowers 2010 Diesel Forecast to Below $3 a Gallon

Article summary

• Department of Energy says diesel will fall this year but will go up next year

Key quote

DOE said its outlook includes preliminary estimates of production reductions resulting from a 6-month deepwater drilling moratorium announced by Interior Secretary Ken Salazar on May 27, following April’s explosion at a BP oil platform and subsequent oil leak into the Gulf of Mexico that has yet to be contained.

Link to original story