The previous program, which Congress ended two years ago, required GPS units only, which cost the DOT $711,640.
The legislators said Mexico lacks safety standards equivalent to the United States. Also, Mexico’s increased crime in recent years would negatively affect border security.
— Jill Dunn
CLASS 8 truck orders in April were about 38,000, according to analysts FTR Associates and ACT Research. FTR said April orders were 32 percent higher than the March figure, while ACT said the April total increased 158 percent over a year earlier and was the highest monthly total since March 2006.
TRUCK FREIGHT as measured by the American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index rose 1.7 percent in March after falling a revised 2.7 percent in February. The March index was 6.3 percent higher than a year earlier.
DIESEL FUEL PRICES will average $3.89 a gallon this year and $3.93 in 2012, the U.S. Department of Energy forecast in May. Those projections are down 9 cents and 14 cents, respectively, from the previous month’s forecast. Diesel averaged $2.99 in 2010.
Bill would allow truck safety tax credit
The Commercial Motor Vehicle Advanced Safety Technology Tax would provide a tax incentive for brake stroke monitoring, vehicle stability, lane departure warning and collision warning or mitigation systems.
It would create a tax credit for 50 percent of the cost of the system up to $1,500 and allow a $3,500 per vehicle maximum tax credit. Any one company could receive an annual maximum credit of $350,000.
The Motor & Equipment Manufacturers Association and Heavy Duty Manufacturers Association support the act, H.R. 1706. Reps. Geoff Davis (R-Ky.) and Mike Thompson (D-Calif.) introduced the bill, which was referred to the House Committee on Ways and Means.
Last year, the House and Senate each introduced the legislation, which was referred to committees.
— Jill Dunn
USED CLASS 8 TRUCK prices have surged in the last 15 months, with the March average price up 6 percent from February, ACT Research Co. reported. ACT said the average used truck price in March was $38,516 for sales in all channels, including auctions and retail and wholesale transactions. In March 2010, the average price was $27,923, and in February the average was $36,195.