Trucking Groups Unhappy about New Transportation Funding Plan

Published: Apr 30, 2014

Mrtyndall / Foter / Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0)

The Secretary of the Department of Transportation (DOT), Anthony Foxx, unveiled the new transportation funding plan, which spans across four years and envisions a total of $302 billion in funds. The reaction from the trucking community has been a negative one for two main reason: 1. the “bill’s giving states the authority to toll existing Interstates” and 2. a bigger share of funding goes for transit and rail programs.

The new piece of legislation is called GROW AMERICA Act and stands for Generating Renewal, Opportunity and Work with Accelerated Mobility, Efficiency and Rebuilding of Infrastructure and Communities throughout America. It is supposed to help put the Highway Trust Fund back on its feet, which was going to deplete in the summer and put many workers out of jobs.

OOIDA is still in process of reviewing the Act, but a spokesman says the Association has already noted a few points of concern. ATA’s reaction is predominantly negative as well. Their President and CEO Bill Graves had this to say: “Any proposal that moves away from a user-fee funded transportation system is not going to be acceptable to the American trucking industry, period.”

Read the full article at Overdrive Online.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.