This Day On The Street
Continue to site
ADVERTISEMENT
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

Exec Says Trucking Is Prepared For Canal Expansion, But Challenges Exist

ARLINGTON, Va., April 10, 2013 /PRNewswire-USNewswire/ --In testimony today before the Senate Commerce, Science and Transportation Committee, Phil Byrd, president and CEO of Bulldog Hiway Express, said trucking is prepared for the projected increases in freight to come from the expansion of the Panama Canal, but warned the country still faced challenges related to congestion and the condition of our infrastructure.

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

"We are aware of no systemic trucking capacity shortages that are currently impacting freight movement at our port facilities or could serve to restrict the transport of Panama Canal increased volumes beginning in 2015," Byrd said on behalf of American Trucking Associations.

Rather, Byrd, ATA's first vice chairman, said trucking's challenges in handling the expected increase in freight are more likely "outside the gate … specifically the impact our crumbling infrastructure will have on handling increased traffic and freight demands."

Byrd also cited inefficiencies getting in and out of port complexes, sporadic labor issues and constraints on driver resources – specifically the soon-to-be imposed hours-of-service rules and the looming driver shortage – as issues that weigh on trucking's ability to handle an increased workload.

"Given the proven, adaptive and flexible nature of the trucking industry however, we believe we will be able to handle these container freight increases wherever they actually occur in America's port system," Byrd said.

For more of Byrd's testimony, click here.

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 This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs