Central States Won’t Create New Pension Rescue Plan, Appeals to Congress for Help
The Central States Pension Fund has decided not to submit a new rescue plan to avert future insolvency, leaving the question of funding future pensions for its Teamster members in the lap of Congress.
May 20, 2016Oregon's Transportation System Must Be Ready for the Big One, Panel Urges
A statewide panel charged with assessing Oregon's future transportation needs found the ability to handle a Cascadia subduction zone earthquake a top priority across the state.
May 20, 2016Infrastructure Permitting Project Delays Driving Up Costs, Experts Say
WASHINGTON — Infrastructure projects in the United States are taking up to 10 years to gain regulatory approval, a problem that is too often sending investors to other countries and driving up the costs of projects, several transportation experts said.
May 19, 2016Alaska Legislature to Work Beyond Overtime to Solve Budget Crisis
Unable to resolve Alaska’s unprecedented budget crisis despite working 31 days past the usual 90-day session, the state’s Legislature adjourned on May 18 when the House fell one vote shy of the two-third majority necessary to keep going.
May 19, 2016FedEx Founder Fred Smith Believes Twin 33s Will Win Approval
WASHINGTON — Fred Smith, founder and chairman of FedEx Corp., said he believes nationwide use of 33-foot twin trailers can gain approval during the next presidential administration.
May 19, 2016Senate OKs Fiscal ’17 Transportation Funding Bill With Trucking Provision
The Senate on May 19 voted 89-8 to pass a $56 billion transportation funding bill with a provision that would cap at 73 the allowable hours per week truckers could work before being required to take a rest break.
May 19, 2016Expert Predicts Taxes, Fees on Trucks Will Account for More of Highway Trust Fund
WASHINGTON — A higher percentage of federal Highway Trust Fund dollars will come from diesel fuel taxes and other fees on trucks as future government rules require ever-better gas mileage for passenger cars. That was the message from Joung Lee of the American Association of State Highway and Transportation Officials during an Infrastructure Week session on May 19.
May 19, 2016US Political Climate Threat to Global Supply Chain, Logistics Execs Say
WASHINGTON — Protectionism has become a political issue that is a threat to an efficient global supply chain, world trade and the critical importance of making the Trans Pacific Partnership trade agreement a reality, a top UPS Inc. official said.
May 18, 2016Puerto Rico Halts Toll-Road Revenue Transfer to Save Cash
Puerto Rico Gov. Alejandro Garcia Padilla declared a state of emergency for the island’s Highways and Transportation Authority, suspending the transfer of toll-road revenue to bondholders and imposing a stay on legal claims.
May 18, 2016Panel Approves Transportation Funding Bill with HOS Provision
A House subcommittee on May 18 easily approved a fiscal 2017 transportation funding bill that would extend the prohibition on the 2013 changes to the 34-hour, hours-of-service rule for truckers.
May 18, 2016