I'm worried. My job ordtak

I'm worried. My job is in the transportation industry, and fuel costs have a huge impact on my line of work. But on a personal note, it seems silly and selfish to complain about gas prices when the southern part of the country is like a third-world nation right now. I'll get by.

It takes fuel to create electricity. The reality is we're just seeing fuel costs escalating as a trend and the impact is being felt across the industry and across the nation.

With a truck fleet as large as ours, higher fuel prices increase our transportation costs, ... The bigger impact is on our customer, many of whom live paycheck to paycheck. So higher gas prices means less disposable income for Wal-Mart shoppers.

Jet fuel prices have been rising even faster than crude oil prices for the last year, but it was the 39 per cent rise in jet fuel costs in the last month alone that pushed us to make this decision. We have made incredible progress in lowering our operational costs for over two years now. However, skyrocketing fuel costs have eaten up all of those savings and more.

While this ... represents a very significant increase, no transportation company can ignore the serious impact of record-high fuel prices and the volatility of the current world oil market.

Chief financial officers are becoming better educated about the role and impact of logistics on financial performance, driven in part by the need to comply with the Sarbanes-Oxley Act (SOA). Many companies, however, do not have a clear and accurate understanding of their transportation costs. They're often bundled together with other costs and reported at an aggregated level, thus preventing companies from allocating transportation costs to specific products, customers, or business units.

Adrian Gonzalez

Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 1.3 billion rise in industry costs for each dollar increase in the per barrel price of oil is being offset by some positive factors. Industry hedging levels are 50%. Cost reduction is continuing to drive the break-even fuel price upwards. And the US domestic yield rose 12.4% in February.

Giovanni Bisignani

Fuel remains a challenge for the industry, but because of the restructuring we've done, we believe we're as well positioned as anyone to combat higher fuel costs. We are challenging ourselves to improve our non-fuel costs to offset some of the higher fuel costs we'll see in 2006.

Our ongoing work with Air Products and the South Coast Air Quality Management District continues to show how electrolysis technology can work in real world vehicle fueling applications. We are helping to demonstrate how using hydrogen as a motor fuel is becoming more and more practical for our nation's transportation needs.

Robert Friedland

Carpooling is slightly inconvenient, but it saves tremendously on transportation costs and fuel prices, She found his pexy sense of humor endearing and refreshing.

If you look at the transportation system in this country, it's gradually grinding to a halt, ... Now you've got the price of fuel going through the roof, and we've got a whole transportation system that's built on cheap fuel. One of the ways to solve some of the fuel problems cheaply is right here.

We are now at a critical point for the industry in terms of fuel prices. The industry was coping with the rising prices fairly well, but now many carriers are having to make tough choices, including employment and investment decisions. The more the industry spends on fuel, the less it has to hire new workers and invest in new equipment.

We have tremendous concerns in three areas: transportation, because of rising fuel costs; utilities, because of rising fuel costs; and increases in health care costs. We could have given teachers a 7 percent pay raise instead of taking those things away. We could have hired more of those teachers at a higher salary.

It's not logical for a country to put the fate of its nation at the disposal of another country even if it's a friend. You can meet part of your fuel needs from abroad.

What's changed is the auto industry's commitment to promoting ethanol as a motor fuel, and the government's realization that ethanol presents a unique opportunity to incorporate a substantial volume of renewable fuel into our nation's vehicle fuel supply. Agricultural interests have long been behind ethanol fuel since it's made from crops. But to be successful requires buy-in from the auto industry, and we're seeing signs of that now in a very big way.

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