Trucking Companies Hit Hard By Oil And Fuel Prices

By: Matt Barbour Email
By: Matt Barbour Email

Transportation officials say their industry is suffering due to speculation about the future of oil and fuel supplies. They say talking about rising prices leads to higher prices, and trucking company officials say they're feeling the pain.

The hopes of those in the trucking industry are slowly deflating.

“You live one day at a time out here anymore. I've been in the trucking business 36 years and it's sad right now the way it…it is sad,” says Darryl Ealy, a driver.

And he says he's barely surviving as it is.

“I got a mortgage I got to pay, I got to eat and it gets rougher every week out here, it doesn't get any easier,” says Ealy.

Others say forget about taking it day by day, it's more like hour by hour.

“Since 8 o'clock this morning, these pumps went up 6 cents…6 cents. And that's in what? 3 or 4 hours?” says Tom Hyden, another driver.

Willie Smith's been in the business more than 30 years as well and owned his own trucking company for the past 6. Now he's having to give it up.

“I can't afford to have my rights anymore. I can't afford it. And everybody's in the same shape. By the time you buy the tires, buy the fuel, buy the insurance,” says Smith, the owner of W.R. Smith Trucking.

Tonia Ivy doesn't even drive a truck but feels the pressure of prices at the pump.

“I'm a stay-at-home mom. My husband's the only one who brings in the income, so if he loses his job, we're going to be hurting,” says Ivy, wife of a driver. “When these trucks stop, people are going to start going hungry and doing without.”

…and that's something many hope they won't have to see.

Several drivers we spoke with say smaller trucking companies are closing on a weekly basis and that something needs to change because their pay rate is staying the same as fuel costs rise.

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by charles Location: lostcreek on Jul 15, 2008 at 07:12 PM
    finally sum one makes sum sense its bad a check drawer fugures that out you check drawers ant dumb after all
  • by bill Location: eastern on Jul 15, 2008 at 11:06 AM
    Good god....We have to have big trucks to move frieght and they also move your electricity up and down the road. The vast magority of Ky's electricity comes fom coal...So yes lets do away with the big trucks hauling coal. What would it hurt.....Trains.....LOL, doubt if it would be much cheaper to build new tracks.
  • by check Location: drawer on Jul 15, 2008 at 09:57 AM
    we see it ruff to so quit cryin if you cant afford it dont buy it thats how we do it I think they need to train this stuff anyway get rid of these big trucks they dont need to be on the road because are roads are broke off do to heavy loads my point is just train IT
  • by Brenda Location: Hazard on Jul 14, 2008 at 10:13 PM
    My husband bought his truck in March this years after leasing it for 4.I know exactly how hard it is to make it because we barely are.We pay ins.truck payment,road taxes,fuel taxes,plus our house payment and everything else.The cost of diesel fuel is redicilous and thats the reason everything else is going up in price.Freight charges have to go up because diesel has gone up and if he does'nt haul a load for more than $2.00 a mile you can't cover the cost of fuel and still have a payday.I don't know how much longer we'll be in business either.I see him once a month or less,he has to live in his truck for us to survive.
  • by Carl Location: Danco on Jul 14, 2008 at 03:09 PM
    Many of us are using off road diesel on short trips to try and save a little but sometimes it clogs injectors more frequently than regular diesel. It is hard to win with prices this high.


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