Jeff Lantz, president, spent last week in Washington, DC. Some of his comments: It was with honor that I was able to participate in a historical moment in the transportation industry and actually see and work from behind the scenes on how legislation and a bill get passed. “It was a full day” walking the halls.
My view point on how this all affects us as a broker:
1) The language in the bill the increases the bond to $100,000 for brokers. This is a good thing that will continue the process of cleaning up our industry. It will make the barriers of entry more difficult in the brokerage business and we will see people entering with a true vested interest. “You can’t start a TCBY franchise for less.” This will also limit the amount of competition, although competition is a good thing that creates better ways of doing business.
2) Moving the weight limit up. The U.S. is the last country to have 80,000 lbs. gross weight limits. Our foreign competitors all have over 100,000 lbs. weight limits. This will allow shippers to get more product on trailers. Creating higher revenue and allowing for higher pay to drivers. This will hopefully make the career of diving an attractive profession.
Also, notice the title of the bill. There is a push for green and reducing the carbon footprint – Smartway.