Trucking industry hopeful Trump will loosen regulations, increase road spending

Trucking companies are optimistic President-elect Donald Trump will boost road spending and address a controversial safety regulation set to take effect next year, reports The Wall Street Journal.

On the campaign trail, Mr. Trump proposed increasing spending on roads and bridges, along with the privatization of some highways. On Wednesday after the election, trucking company shares were generally trending upward, according to WSJ.

The American Trucking Associations, based in Washington, D.C., said it already met with Mr. Trump's transition team to discuss a regulation requiring electronic logging devices in all trucks, slated to take effect Dec. 31, 2017. The regulation, which would measure trucker's hours on the roads, faces many industry opponents, who cite cost and privacy concerns. The regulation's supporters say the devices will make it easier to enforce limits on how long truckers can drive before having to take a break and thus lower accidents.

According to a statement from Chris Spears,chief of ATA, the industry group hopes to work "closely with the new administration on issues that will allow the trucking industry to continue to grow and move America forward."

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