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ATA seeks improved commodities regulation

Published Tuesday, June 17, 2008

In an attempt to slow increasing fuel prices, a coalition of 18 transportation-related organizations, including the American Trucking Assns. (ATA), sent a letter last week to Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, Speaker of the House Nancy Pelosi and House Minority Leader John Boehner to urge Congress to take action towards a fairer commodities market. “Leading energy experts across the country agree that recent, unprecedented jumps in crude oil prices are due, in large measure, to rampant speculation in the energy commodities markets,” the statement said. “Just last Friday, when oil spiked by $10 ...

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