Freight carriers pushing for higher capacity trailers

Freight carriers pushing for higher capacity trailers

Fedex Corp. and other freight carriers are pushing Congress to open U.S. highways to a new generation of bigger truck trailers despite opposition from safety groups. The freight carriers are spending millions of dollars lobbying Congress in support of a $53.5 billion transportation spending bill that removes some safety measures the government wants in place….

Volvo, others invest in truck platooning firm

Volvo, others invest in truck platooning firm

California-based Peloton Technology, a developer of vehicle systems that deliver advanced safety, fuel savings and analytics to trucking fleets, recently received an infusion of venture capital funds from industry investors, including Volvo Group Venture Capital. Other investors include Magna International, Castrol innoVentures and UPS Strategic Enterprise Fund. The investment will accelerate Peloton’s development and deployment…

Foxx sees another highway funding extension coming

Foxx sees another highway funding extension coming

U.S. Transportation Secretary Anthony Foxx is saying publicly that he now expects Congress to pass another short-term extension of the Highway Trust Fund before the May 31 deadline. Foxx told reporters last week that he understands Congress is now considering another extension because current funding will last until July. “A purposeful extension is probably the…

TMAF lobbying Congress on highway funding

TMAF lobbying Congress on highway funding

Trucking Moves America Forward (TMAF), the industry-wide image and education movement representing all areas of the professional truck driving industry, is calling on Capitol Hill lawmakers to pass a long-term highway bill to safeguard America’s federal highway program and provide certainty for the nation’s future transportation needs. “Our federal highway program is at a pivotal…

Feds kick in $209M loan for Ohio’s Portsmouth Bypass

Feds kick in $209M loan for Ohio’s Portsmouth Bypass

U.S. Transportation Secretary Anthony Foxx recently announced a $209 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to help finance the Portsmouth Bypass in Scioto County, Ohio. The Portsmouth Bypass, expected to cost $430 million, will be built by Ohio’s first public-private partnership (PPP) and will be the state’s largest single construction project. Foxx…