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U.S. Truckers Expect Trump-Fueled Rate Bump

Trucking and logistics executives are optimistic, if not quite bullish, about the outlook for freight demand and pricing in 2017 and 2018. Encouraged by President Donald Trump’s plans for infrastructure spending and regulatory reform, as well as signs of an improving industrial economy, they’re preparing for increases in shipments and tonnage later this year. After declining in much of 2016, truckload contract rates are nearing an inflection point, and are likely to rise moderately by as much as 2 percent on average this year, Benjamin Hartford, senior analyst for transportation at Robert W. Baird, told the SMC3 Jump Start 2017 conference in Atlanta this week. 


New DOT Chief: Elaine Chao
Elaine Chao has a track record of rolling back regulation and a pro-business reputation. Chao also has roots in the shipping industry. Her pro-business approach could be a big win for motor carriers that have faced a laundry list of regulations that threaten to tighten capacity and increase shipping rates.
The United States of Autonomy
This month, the U.S. Department of Transportation issued a proposed rule that would enable vehicle-to-vehicle communication technology on all new light-duty vehicles. The proposed rule would require automakers to include V2V technologies in all new light-duty vehicles. 

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