Cost of vehicle crashes a staggering $277 billion per year

Cost of vehicle crashes a staggering $277 billion per year

A report recently released by the National Highway Traffic Safety Administration (NHTSA) found that motor vehicle crashes cost the U.S. economy a staggering $277 billion in one calendar year. When combined with societal impacts (loss of life, decreased quality of life due to injuries) the price tag for crashes jumps to $871 billion, according to…

Industry weighs in on FMCSA’s insurance requirements study

Industry weighs in on FMCSA’s insurance requirements study

In April, the Federal Motor Carrier Safety Administration (FMCSA) submitted its’ required quadrennial report to Congress on the appropriateness of the current minimum financial responsibility requirements for motor carriers, brokers and freight forwarders. FMCSA concluded that current minimum financial responsibility limits for the commercial motor vehicle industry — including the $750,000 limit for general freight…

New U.S. food safety rules will impact carriers

New U.S. food safety rules will impact carriers

The U.S. is modernizing its food safety regulations, introducing sweeping changes that will include new requirements for trucking companies. The Food Safety Modernization Act (FMSA) includes seven major proposed rules and the most recent rule introduced, covering the sanitary transportation of human an animal food, will have the greatest impact on carriers. FMSA represents the…

ATA takes position on highway funding issue

ATA takes position on highway funding issue

With a national transportation infrastructure funding crisis looming, American Transportation Associations (ATA) leadership recently endorsed a menu of revenue alternatives. “Several months ago, ATA’s leaders convened a task force with the purpose of evaluating alternatives in addition to the federal fuel tax for financing the nation’s roads and bridges,” ATA Chairman Phil Byrd, president and…

Truck orders at eight-year high

Truck orders at eight-year high

In a trend that signals a continued economic recovery, U.S. trucking companies are ordering big rigs at an eight-year high, boosting trucking stocks and raising pay for drivers who are in short supply. “Freight is up, availability of trucking assets is tight,” said Sandy Cutler, chief executive officer of Eaton Corp., whose products include truck transmissions….