This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ATA Praises Ohio's Rejection Of Turnpike Privatization

ARLINGTON, Va., Dec. 13, 2012 /PRNewswire-USNewswire/ -- Today, the American Trucking Associations praised Ohio Gov. John Kasich for his state's rejection of a plan to lease the Ohio Turnpike.

(Logo: http://photos.prnewswire.com/prnh/20100129/ATALOGO)

"The Ohio Turnpike is a critical artery for freight, carrying a significant share of the goods produced in America's industrial heartland," ATA President and CEO Bill Graves said. "We're happy to see Ohio eschew the dangerous and irresponsible proposal to turn the Turnpike over to private, for-profit entities."

Under the plan announced today by Gov. Kasich, Ohio will keep toll rates in line with inflation, and use the revenue generated to sell bonds to pay for highway and bridge improvements primarily on and near the Turnpike.

"Gov. Kasich's plan is a much more responsible approach to infrastructure funding than taking a one-time payment and surrendering control of a valuable corridor to a private group," Graves said. "This new plan will almost certainly avoid steep increases in freight transportation costs, as well as the diversion of large trucks onto smaller secondary roads that privatization would have produced. We are grateful to the Governor for his willingness to work with the Ohio Trucking Association to find a solution that is fair to the trucking industry."

"We will continue to work with and educate state officials about the dangers of privatization, and of imposing tolls on existing interstate highways. We urge states to avoid the siren song of Wall Street and fully examine the true costs of privatization, as Ohio has, and look for other, less risky ways to pay for their roads and bridges."

American Trucking Associations is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nation's freight. Follow ATA on Twitter or on Facebook . Good stuff. Trucks Bring It!

SOURCE American Trucking Associations

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs