With the outcome of the election all but certain, at this point, there is now a pivot to the future, in many ways, especially on the freight transportation front. One area in which this has a freight transportation-related policy tone is surface transportation infrastructure, which was the focus of a webcast hosted earlier this week by Washington, D.C.-based law firm Venable LLP.
Logistics Management
By Jeff Berman December 2, 2020
With the outcome of the election all but certain, at this point, there is now a pivot to the future, in many ways, especially on the freight transportation front.
One area in which this has a freight transportation-related policy tone is surface transportation infrastructure, which was the focus of a webcast hosted earlier this week by Washington, D.C.-based law firm Venable LLP.
Not surprisingly, the question of how to pay for future surface transportation authorizations was front and center. As we all know, the bulk of the capital for these efforts comes from the Highway Trust Fund, with current taxes levied for the HTF standing at 18.4 cents per gallon for gasoline and 24.4 cents per gallon for diesel, which together account for about 90 percent of HTF net revenues. These revenues are allocated for federal highway, transit, and highway safety programs. The current HTF tax levels have not been increased since 1993, nearly 30 years ago.
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