This Day On The Street
Continue to site
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

Trucking Exec Calls On Congress To Do More To Address Freight Transportation

ARLINGTON, Va., April 24, 2013 /PRNewswire-USNewswire/ -- Today, Derek Leathers, chief operating officer of Werner Enterprises Inc., told the House Transportation and Infrastructure Committee that Congress needs to address the needs of the trucking industry by dedicating real funding to addressing freight transportation needs and improving the efficiency and productivity of the industry.


"Trucks move 68% of our nation's freight tonnage . . . [and] move $8.3 trillion worth of freight each year, nearly 60% of the U.S. economy," Leathers said. "The trucking industry is expected to move an even greater share of freight in the future."

To address that demand, Leathers said lawmakers should dedicate specific funds to projects that will benefit freight transportation like reducing or eliminating bottlenecks in the Interstate Highway System and intermodal freight connections. Revenue to fund these projects, he said, should come not from tolls, vehicle miles traveled fees or widespread private investment, but rather from augmenting the current fuel tax system.

"The challenges facing fuel tax revenue over the next 20 years can be addressed by indexing the rate," he said. "Substituting an untested, highly inefficient revenue collection mechanisms for an efficient revenue mechanism that is already in place would be illogical and irresponsible."

Finally, Leathers called on Congress to address truck productivity by lifting "the most restrictive truck weight regulations of any developed country."

With projected increases in freight traffic, more productive trucks will be essential to meet the nation's transportation needs.

For more of Leathers' 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 This material may not be published, broadcast, rewritten or redistributed.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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs