ATA’s Spear Cites Washington Policy Gains

ATA’s Spear Cites Washington Policy Gains

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ATA's Chris Spear

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ATA's Chris Spear">

NASHVILLE, TN – Chris Spear, president and CEO of the American Trucking Associations, says Washington is hearing the voice of the trucking industry.

In a keynote address that offered praise for the Trump Administration, Spear told the 2017 In.Sight user conference about several policy wins that have been secured.

Spear spoke about the removal of the proposed speed-limiter regulation from the revised short-term agenda, calling the law as it was written abysmal, and cited the ATA's continued efforts around the regulation that remains on the government's long-term agenda.

“We are willing to engage on thoughtful, inclusive, transparent, dialogue on this issue, because it's needed and it's warranted,” he said, stressing that such a law has to be rewritten with more clarity.

Spear made similar comments about proposed sleep apnea screening regulations, which were also removed from the agenda because of Trump's executive order requiring federal regulators to eliminate two regulations for every one new one that is passed.

Spear said it was clear the research done on the proposed sleep apnea testing regulation wasn't answering all the questions being asked, so it was pulled off the books.

“We're seeing a lot less regulatory headwind because we're asking these tough questions,” he said. “But that does not mean we do not support good, thoughtful regulations.”

Spear said the electronic logging device mandate that will go into effect in December is one of those good regulations.

“[The ELD rule] is not some wild-eyed regulation proposed by the Obama administration."

“This is not some wild-eyed regulation proposed by the Obama administration,” he said, noting the new law was mandated by a Republican-majority congress. “It's been litigated, it's been debated, it's been regulated, and the force and effect of the law comes December 18, 2017.”

Spear said the ATA has spoken with the Federal Motor Carrier Safety Administration every week ...Read the rest of this story

FMCSA offers further ELD details

Agency still expects to have its web services system for transferring ELD data up and running by December.

There are more than a few questions regarding the federal policies and producers surrounding day-to-day operation of electronic logging devices (ELDs) – especially how the data recorded by those devices will be provided to law enforcement officers and/or safety officials during roadside inspections.

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US stocks slide after results from Wal-Mart and Cisco

US stocks slide after results from Wal-Mart and Cisco

NEW YORK (AP) — U.S. stocks are lower Thursday morning as investors fail to get excited by quarterly reports from big names like retailer Wal-Mart and technology bellwether Cisco Systems. Most industries are slipping, with some of the biggest losses going to technology and industrial companies, retailers and banks. After dramatic moves late last week and earlier this week, stocks appear to have returned to the pattern of small moves that has marked this year.


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UPDATE 1-Novo Nordisk’s diabetes drug succeeds in key trial (Aug 16)

Novo Nordisk A/S said on Wednesday its diabetes drug met the main goal of reducing glucose levels in patients in a key late-stage trial, setting the stage for it to become the new standard therapy for type 2 diabetes. The 40-week trial tested two dosages of Novo's once-weekly drug, semaglutide, in addition to initial standard-of-care therapy metformin, against Eli Lilly and Co's dulaglutide plus metformin. Novo Nordisk said its drug was statistically significant in reducing glucose levels and lowering body weight in about 1,200 patients suffering from type 2 diabetes, when compared with dulaglutide.


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Ackman’s Pershing Square says ADP needs to streamline, modernize

Ackman's Pershing Square says ADP needs to streamline, modernize

BOSTON/NEW YORK (Reuters) - Activist investor William Ackman on Thursday laid out his hedge fund's goals for Automatic Data Processing Inc (ADP.O), saying the human resources outsourcing company needs to streamline its business and invest in technology upgrades. Ackman's Pershing Square Capital Management disclosed earlier this month an 8 percent stake in the $50 billion U.S. human resources outsourcing company and nominated three directors to serve on its board. Ackman said in a conference call the company has failed to properly integrate its acquisitions and various human resources services, putting it at a disadvantage to smaller competitors like Paychex Inc (PAYX.O) and Workday Inc (WDAY.N).


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