ATA expresses support for Modern, Clean and Safe Trucks Act

ATA expresses support for Modern, Clean and Safe Trucks Act

The American Trucking Associations (ATA) released a statement praising the introduction of the Modern, Clean, and Safe Trucks Act of 2021 by Senators Todd Young (R-IN) and Ben Cardin (D-MD). The bipartisan legislation would repeal the 12% federal excise tax (FET) on heavy-duty trucks, which currently adds approximately $22,000 to the cost of the average new tractor-trailer.

“The federal excise tax on heavy trucks is a relic from the First World War that’s now serving to keep cleaner, safer trucks off of our nation’s roads today,” said Chris Spear, ATA president and CEO. “By repealing this antiquated tax, Congress can deliver a win for the environment, highway safety, manufacturing jobs and supply-chain efficiency.”

Although technological advances have made the latest tractor-trailers cleaner and safer than ever before, the FET creates a disincentive for motor carriers to modernize their fleets by placing a punitive surcharge on investments in new equipment, ATA says.

A 2020 survey by American Trucking Associations found that 60% of fleets would be either somewhat likely or very likely to buy additional trucks and trailers beyond currently scheduled purchase if the FET were repealed.

You May Also Like

Albert Gore named ZETA executive director

Joe Britton, ZETA’s previous executive director, will remain president of ZETA’s board of directors.

The Zero Emission Transportation Association (ZETA) announced that Albert Gore has taken over as executive director effective Jan. 3. Gore joins ZETA after seven years at Tesla, most recently as the lead for public policy and business development in the Eastern and Midwestern United States—having previously been deputy director of policy and electricity markets at SolarCity prior to its acquisition by the company. Joe Britton, ZETA’s previous executive director, will remain president of ZETA’s board of directors.

How trucking fleets will benefit from the Inflation Reduction Act

How much money can you squeeze out of the tax credit for EVs? Find out here.

Xos-EV-Tax-Credit-1400
Why this year will be the ‘Year of Fuel Efficiency’ regulations

Plus top takes on the CHIPS Bill, Repair Act and what this Congress can actually get done.

HDAD-EV-National-Regulations-1400
FTR reports: Shipper’s conditions stabilize

Aside from a large increase in diesel prices during the month, shippers’ market conditions were more positive m/m.

Live Blog: Heavy Duty Aftermarket Dialogue 2023 (Updated!)

It’s the first trucking event of the year! Here’s what happened, as it happened.

Heavy-Duty-Aftermarket-Dialogue-2023

Other Posts

Amid loose market balance, carriers start tapping the brakes on capacity

Volumes softened to the lowest levels seen since March and April of 2020.

ACT-Research-For-hire-trucking-600
EV truck manufacturers to give updates at Work Truck Week 2023 

NTEA has released more information about EV-related sessions.  

Trucking market 2023 prediction: Plan for uncertainty

The latest from FTR’s State of Freight online press conference.

transprotation-market-generic-1400
November used truck average retail price negative Y/Y

The average retail used truck price has descended into negative y/y territory for the first time since August 2020.