Economic and federal policy efforts change on a regular basis, giving us insight into what might happen in the U.S. freight market, and this year is no different.
Cancelling regulations and adoption of new strategies can have a significant impact on meeting customer demands.
Acording to Chris Spear, president and CEO of the American Trucking Association (ATA) trade group, tax reform and infrastructure is on the horizon. It begins with a 10-year, $1 trillion infrastructure proposal put forth by President-elect Trump. With over 76% of NAFTA surface trade being carried by trucks, the new proposal could have an impact on trade.
Regulations are a necessary part of the industry, but Spear stresses the importance of clear, good regulations that do not cause a burden, but a measurable return.
Trump’s new administration will largely affect the U.S. commercial vehicle industry, but global market participants are key players as well.
Reported lower corporate tax cuts could be seen as a benefit to the U.S. trucking industry, but could be burdening for global truck manufacturers and suppliers.
Continue to visit our website for important updates on the political trends and policies pertaining to the trucking industry.
Source: Sean Kilcarr blog Trucks at Work