Falling Fuel Prices Spark Trucking Companies

Falling fuel prices are impacting hiring in the Trucking sector.

Tumbling fuel prices have given trucking companies more flexibility and allowed them — and their customers — to save money.

“We’re crossing our fingers that it stays this way,” said Morgan, president of Oklahoma City-based Amazing Movers.

The company has two diesel trucks and one that uses gasoline. All three have seen significant fuel savings over the past several weeks.

“It brings down our overall costs and allows us to be more flexible,” he said.

The company has begun shaving down the fuel surcharge it reluctantly added about six years ago.

Dropping fuel prices have also coincided with transportation industry hiring climbing every month since June 2013. But the biggest jumps, per the U.S. Bureau of Labor Statistics, have come with falling fuel prices in late 2014 into early 2015.