AISI applauds introduction of Truck Efficiency Bill

Published: Sep 11, 2015 16:30
The US steel body has applauded the introduction of SAFE Trucking Act by Rep. Reid Ribble.

By  Paul Ploumis 11 Sep 2015  Last updated at  04:03:54 GMT

ALBANY (Scrap Monster): The American Iron and Steel Institute (AISI) has applauded the introduction of the Safe, Flexible, and Efficient Trucking (SaFE) Act by Rep. Reid Ribble which allows states to permit heavier trucks on roads.

The Act is based on the safety and road wear data by the US Department of Transportation (DOT). Currently, freight shipping trucks are allowed to carry a maximum weight of 80,000 pounds. The legislation proposes increase of truck limit to a maximum of 91,000 pounds. These trucks may be required to upgrade to six axles from current five, in order to ensure at least the same or better stopping distance and pavement wear.

According to Thomas J. Gibson, AISI president and CEO, the bill would contribute significantly to reduce road wear and greenhouse gas emissions and also make truck transportation of goods safer. He further added that the bill assumes great significance as nearly 70% of the overall freight tonnage in the country is moved by trucks. Moreover, overall US freight tonnage is expected to increase to 25%. The bill will benefit steel industry as the industry still relies on trucks as a vital means of transportation of steel products, he added. The Association applauded Congressman Ribble for introducing the bill and urged the House to include the language in any House transportation funding bill.

The SAFE Trucking Act is expected to help safe transportation of more goods with the help of fewer trucks. The Act being supported by the Wisconsin DOT is likely to benefit paper manufacturers and dairy farmers the most in the wake of their heavy dependence on trucks to transport their products across the country.

It must be noted that Canada and Europe allows trucks with loads exceeding 100,000 pounds on their roads.


Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Secondary Copper Rod Operating Rate Rises in August 2026, High Prices and Tax Costs Squeeze Profits
9 hours ago
Secondary Copper Rod Operating Rate Rises in August 2026, High Prices and Tax Costs Squeeze Profits
Read More
Secondary Copper Rod Operating Rate Rises in August 2026, High Prices and Tax Costs Squeeze Profits
Secondary Copper Rod Operating Rate Rises in August 2026, High Prices and Tax Costs Squeeze Profits
The operating rate of secondary copper rod was 11.83% in August 2026, higher than the expected 10.26%, up 1.57 percentage points MoM but down 16.5 percentage points YoY. In August 2026, the average price difference between copper cathode rod and secondary copper rod stayed high at 1,450-1,874 yuan/mt throughout the month. The average discount of secondary copper rod in Jiangxi against copper futures fluctuated between 722 yuan/mt and 1,418 yuan/mt,...
9 hours ago
Rio Tinto Secures Indigenous Consent for Winu Copper-Gold Project in Western Australia
9 hours ago
Rio Tinto Secures Indigenous Consent for Winu Copper-Gold Project in Western Australia
Read More
Rio Tinto Secures Indigenous Consent for Winu Copper-Gold Project in Western Australia
Rio Tinto Secures Indigenous Consent for Winu Copper-Gold Project in Western Australia
Rio Tinto said it has secured Indigenous consent for its Winu copper-gold project in Western Australia, allowing the project to move forward. The company said it has established a long-term partnership with Nyangumarta Warrarn Aboriginal Corporation (NWAC) covering development of the mine on Nyangumarta country. The agreement builds on a project planning agreement signed in 2023, setting out how Nyangumarta people and Rio Tinto will work together as planning advances, including measures to avoid impacts on the environment and Indigenous cultural heritage.
9 hours ago
Chengtun Mining Aims to Reduce Debt Ratio as Projects Progress and Cash Flow Strengthens
9 hours ago
Chengtun Mining Aims to Reduce Debt Ratio as Projects Progress and Cash Flow Strengthens
Read More
Chengtun Mining Aims to Reduce Debt Ratio as Projects Progress and Cash Flow Strengthens
Chengtun Mining Aims to Reduce Debt Ratio as Projects Progress and Cash Flow Strengthens
At the 2026 semi-annual results briefing held on September 11, Chengtun Mining stated that the current elevated debt ratio is mainly a phased result of the company's investment in high-quality copper, gold, and silver mine resources in China and overseas. At present, the domestic and overseas projects have just completed the resource delivery stage. The company implements dynamic management of capital expenditure, prioritizing debt repayment and mine operations, and flexibly adjusts new investment based on metal prices. In the medium and long term, as capacity is released and operating cash flow continues to strengthen, the company has a clear target of reducing its debt ratio, steadily bringing leverage down to a reasonable level for the industry. All of the company's resource investments have undergone rigorous calculations, and the cash flow contributions from future projects can gradually absorb the debt.
9 hours ago