Obama Administration's Regulation Strangulation Wreaks Havoc
One would think the rising demand for trucking which has driven industry revenues up to $700 billion last year, would be a boon for fleet owners like Jim Burg of Warren Michigan. Thanks to crippling federal regulations, that is not the case. New regulations on emissions, and rules that limit driver hours on the road have driven up cost for truckers. Hundreds of smaller trucking outfits with fewer than fifteen vehicles have gone out of business as they struggle to adapt to the higher cost. Others have been acquired by larger operators who have the deeper pockets to deal with the increasing expenses."I haven't grown in three years," said Burg. " I don't know what my cost are going to be in two years. Many trucking outfits are struggling to attract enough new drivers as cost increase, forcing many to pay signing bonuses. If that isn't enough, soon the Federal Motor Carrier Safety Administration will require all trucks to be equipped with electronic devices