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Watch What Happens to Obama’s Costly Transport Rules on the 21st

January 12, 2017 By Dick Young

The WSJ makes an excellent case that the Obama administration’s executive order writing against the transportation industry needs to be throttled back.

Leaders of the industry trade groups say they are trying to unite transport representatives in Washington, including airline, automobile and shipping groups, in the effort to reverse Obama administration-era safety initiatives and slow the process for enacting new regulations.

The Obama administration, through agencies that oversee trucks, railroads and highways, has written a series of freight and passenger transport rules in the past eight years that safety advocates say reduce traffic and rail accidents. Opponents, including truck freight and rail companies, say the rules’ benefits are unproven, and they have added heavy costs at a time when tepid freight volumes have squeezed corporate profits.

The transport leaders say the Obama administration has also used executive orders and safety advisories that sidestep rule-writing guidelines but require costly changes in operations and maintenance.

Read more here.

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Dick Young

Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.

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