Kentucky Trucking Association President, Rick Taylor is one of many Kentuckians who feel there is work to be done in many of the freight corridors in the state. On June 25th, the Kentucky Transportation Cabinet unveiled a list of projects that will be considered for 2020. According to Eleanor Lamb of Transport Topics, this list was derived from the State Highway Investment Formula for Tomorrow, otherwise known as “SHIFT”. “SHIFT helps officials prioritize transportation projects, and will inform the upcoming 2020 Highway Plan. SHIFT uses data on safety, asset management, congestion, economic growth and cost-benefit ratios to assess projects.”
This evening the world’s largest ride hailing giant, Uber will price its initial public offering just ahead of its Friday trading debut. Analysts predict the valuation of the IPO will be between $80.5 billion to $91.5 billion. Uber has stated there will be 1,676,959,021 shares outstanding after the IPO which would suggest a price range of $44 to $50 per
share. The projected valuation would make Uber the 4th highest offering of the decade behind only General Motors, Facebook, and the Chinese e-commerce giant Alibaba Group.
On April 3 2019, Ohio Governor Mike DeWine signed a bill which will increase the gasoline and diesel fuel taxes for the state. Starting on July 1st the state tax on diesel fuel will increase by 19 cents to a total of 47 cents per gallon. The 67% increase will bump Ohio to the 6th highest diesel fuel tax rate behind only California, Pennsylvania, Washington, Indiana, and New Jersey. The tax on gasoline will be increased by 10.5 cents per gallon to a total of 38.5 cents per gallon. Ohio’s gasoline tax will remain lower than Pennsylvania and Indiana, but will be higher than its neighboring states, Kentucky, West Virginia and Michigan.
Earlier this week, California senator Nancy Skinner proposed a daring bill that targets air quality and limiting greenhouse gas emissions. The bill would oblige the California Air Resources Board to, “require a 40 percent reduction in diesel emissions by 2030 and an 80 percent reduction by 2050.” This is not the state’s first proposed bill to cut emissions, but certainly has garnered attention due to the huge impact this would have on the transportation industry in California.
Dash cams have quickly become a growing trend in the transportation industry. Since their original use on police cars in the 1980s, they have evolved from bulky cameras requiring VHS cassettes to smaller, sleeker, high definition cameras available today. In fact, early dash cams were so expensive and provided such poor video quality, many police departments were not interested investing in them. In the early-1990s however, normal citizens began installing them and recording police officers in hopes to record any unlawful stops. Naturally, this prompted police departments across the country to adopt dash cams which in turn led to humorous shows such as Cops and World’s Wildest Police Videos. Dash cam usage increased even more once Russian citizens began capturing people throwing themselves at cars. The cameras would prove that the drivers were not at fault and avoid paying any damages. We now see taxis, buses, and trucking companies utilizing dash cams for a multitude of purposes.