Elections Throw Roadblock Before Administration's Transportation Plans
NEWARK, N.J., Nov. 15, 2010 /PRNewswire/ -- The overhaul of Congress triggered by this month's elections will likely topple most of the Obama administration's transport agenda, starting with the plan for high-speed rail, and send pending regulatory reform actions on Capitol Hill to the scrap heap, according to an assessment of the impact of the elections by The Journal of Commerce.
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Although Democrats retained control of the U.S. Senate while losing majority control of the U.S. House, policy specialists in Washington believe acquiring the $50 billion President Obama seeks to bridge the growing gap between a future spending plan and the closing highway stimulus will become impossible. Partisan gridlock likely means chances for a long-term surface transportation spending bill -- including billions of dollars that experts believe necessary to repair and expand the nation's infrastructure -- are severely impaired if not dead.
Experts say ocean shipping reform and rail regulation are unlikely to be revived in the next Congress, making federal agencies the likely battleground of regulation in the coming two years.
This week's Cover Story, written by Washington reporter John Boyd, provides comprehensive analysis of what the landmark election means for transportation policy and the ocean shipping, trucking, rail and air cargo companies that must abide by it. It includes in-depth discussion of the pending changes in the makeup of transportation-related committees and the agendas their leaders are likely to adopt.
To view daily news visit www.joc.com. For all media enquires, including article reprints, please contact Editorial Director Paul Page.
Since 1827, The Journal of Commerce has been the most trusted source of intelligence for international logistics executives to help them plan global supply chains and better manage day-to-day transportation of goods and commodities in the United States and internationally.
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SOURCE The Journal of Commerce
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