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

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.

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

"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.

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 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

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