It’s not breaking news that infrastructure and highway improvements are on the federal administration’s agenda. Currently, federal fuel taxes are what fund most of the nation’s highway repairs. But some say that the current fuel tax doesn’t provide enough money to cover all needed improvements. To combat this issue, a higher fuel tax has been suggested to generate more funding for repairs. Opponents of a higher fuel tax say that tolling would be a better approach to funding highway improvements.
Topics: Transportation Industry
The trade war between the United States and China is a hot topic. If the current U.S. administration ends up finalizing a tariff increase on Chinese imports, there could be a drastic change in the global economy. In fact, experts are predicting that there would be a $600 billion decrease in GDP within two years.
Our economy depends on the transportation of freight, and, in large part, we have trucks to thank for keeping things running smoothly as 71% of the nation’s freight by weight is moved by trucks. Trucks and the carrier companies that run them play a vital role in the economy, and it’s a role that comes with challenges. Carrier companies in the trucking industry face roadblocks (yes - pun intended!) every day. Here are the top five challenges carrier companies face on a daily basis and ways to combat them: