News

Today’s Pickup: Are loans the path to better highways?

Good morning.

Two senators this week are pitching a bill that would create a private “bank” to fund infrastructure projects in the U.S. The Building and Renewing Infrastructure for Development and Growth in Employment Act would seek a $10 billion initial federal investment and then would screen and approve loans to cities and states for projects. The senators, Mark R. Warner (D-VA) and Roy Blunt (R-MO), believe the program could make up to $300 billion available through interest payments and fees charged to those borrowing money.

Did you know?

According to data compiled by the Owner-Operators Independent Drivers Association, more than 40,000 new CDL holders are registered each month by the Department of Transportation.

Quotable

“I signed up for Uber Freight this morning because I believe that the more tech tools I have in my toolbox, the better armed my business is to compete for success.”

– Jimmy Nevarez, an owner-operator from Chino, CA, in an interview with Trucks.com

In other news:

I-85 bridge reopens

Just six weeks after a section of the I-85 bridge in Atlanta collapsed due to an intense fire, the state has replaced and reopened the span. U.S. Transportation Secretary Elaine Chao was on hand to praise the state for such quick work. (Atlanta Journal Constitution)

Truckers intrigued, but taking a wait-and-see approach to Uber Freight

Trucks.com talked to some independent truckers, some of whom have already signed up for Uber Freight’s new app and others who are interested, but the common theme among all is a patient approach to the service. (Trucks.com)

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Brian Straight

Brian Straight covers general transportation news and leads the editorial team as Managing Editor. A journalism graduate of the University of Rhode Island, he has covered everything from a presidential election, to professional sports and Little League baseball, and for more than 10 years has covered trucking and logistics. Before joining FreightWaves, he was previously responsible for the editorial quality and production of Fleet Owner magazine and fleetowner.com. Brian lives in Connecticut with his wife and two kids and spends his time coaching his son’s baseball team, golfing with his daughter, and pursuing his never-ending quest to become a professional bowler.
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