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Coming in at #7 on ATRI’s trucking issues of 2017 is Cumulative Economic Impacts of Trucking Regulations in the Industry

 

In 2016, regulation in the trucking industry was ranked the #3 issue of the year, making its first appearance on ATRI’s list. This year it is number 7.

 

This change may be attributed to the worsening of other issues such as the trucker shortage, but is likely in large part due to Trump’s presidency. His platform was heavily anti-regulation. Trump even issued an executive order requiring federal agencies to remove two regulations for each one proposed.

 

Nevertheless, trucking is still strictly regulated by several federal organizations including HHS, DHS, FDA, DOL, EPA, PHMSA, NHTSA, FHWA, and DOD (ATRI). Most regulations have the safety of drivers and the general public in mind. The combined cost of these regulations, however, has cost the industry millions of dollars. A significant portion of that cost may be transferred onto truckers’ wages.

 

Of those who participated in the survey, more than half (55.9%) backed this proposal: Evaluate the government’s projected industry costs found in federal agency regulatory impact analyses against real-world industry costs that accrue from the new regulation.

 

In English? Keep the regulators accountable. Make sure their cost/benefit analysis is accurate. This is a big deal, because regulating agencies have miscalculated big time in the past. For example, in 2013, ATRI conducted a study that found a $322 million difference between the Federal Motor Carrier Safety Administration’s (FMCSA) projected benefits and the industry’s costs associated with the more restrictive 34-hour restart provisions.

 

If regulators were more honest/accurate in their projections they would become more accountable. Only the most necessary laws would be passed. Therefore this seems like a solution that would benefit the trucking industry along with the consumers and general public.

 

Personal Care Transport is the only company in Pennsylvania that is licensed to transport truck drivers. With over four years of experience, Personal Care has built close relations with men and women in the industry. We have a deep understanding of the training process. Use Personal Care Services for all your trucking-related transportation needs.

 

Post Author: Gary Grant

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