New Transportation Committee chair takes reins

Nov 29, 2012

Rep. Bill Shuster (R-Pa.) was named the chairman of the House’s Transportation and Infrastructure Committee Wednesday, succeeding Rep. John Mica (R-Fla.) after Mica’s tenure ended due to Republican-enforced term limits.

Shuster’s term will start in January when the 113th Congress takes over. Looming for the 113th Congress are, immediately, “fiscal cliff” negotiations, but it will also have to craft the successor to the MAP-21 highway funding bill passed this year, which expires in 2014.

Several data on trucking industry variables go into FTR’s monthly Trucking Conditions Index: freight volumes, freight rates, fleet capacity, fleet bankruptcies, fuel price and financing. The individual metrics are combined into a single index that tracks the market conditions that influence fleet behavior. A positive score represents good, optimistic conditions. A negative score represents bad, pessimistic conditions. The index purports to show the industry’s general health at a glance.

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New Transportation Committee chair takes reins

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