![]() ![]() The Dollar Index last week moved near 94.00 (but bounced 0.47 points in the past two sessions) taking commodity indices higher led by the strong performance of Crude Oil that rallied 23% from August 3rd to the 19th. Bank of Japan governor is talking about adding “unprecedented easing”, seeing room for “deeper negative rates”. This coming Friday Janet Yellen will speak in Jackson Hole and depending on her words traders might get more or less excited to drive equity prices higher. RANGE-BOUND MARKET INFLUENCE BY THE DOLLARįED officials are giving different views about their timing of increasing interest rates in the US, especially after the robust July job numbers. “Well, if truck drivers were paid for every hour they worked, and overtime, those trucks wouldn’t have been moving on that ice.Weekly Coffee Perspective – Aug 22nd to 26th of 2016 – Week 34 “Governor Deal got furious with the trucking companies last year during the ice storm because they were the principle cause of the huge traffic jam,” Owings noted. “We got a formula in this country for exactly what we get. “What are the incentives? Drive as long as you can get away with, and as fast as you can get away with,” Owings said. Isakson and Perdue have promised to continue to dog the issue.īut Owings said if we really want to bring heavy rigs under control, we need to reconsider how we pay truckers. Road Safe America would like to see Congress demand that the federal bureaucracy complete work on the speed limiter rule within a year. You think we have a problem now? Buckle up,” Owings said. “Truck traffic is about to double in Georgia. An expansion of the Port of Savannah – connected to Atlanta by I-16 – will only exacerbate the situation. “Georgia is among the five states – and has been for some time – with the most fatalities in crashes involving heavy vehicles,” Owings said. Tom Price and John Lewis, and more recently, Senator Perdue. Stephen Owings credits Isakson for taking up his cause – as well as U.S. Road Safe America filed the petition to DOT to require activated speed governors on trucks. ![]() Another reason that Georgia Republicans haven’t closed their eyes to the carnage on our highways might be laid at the Smyrna doorstep of Stephen and Susan Owings, who founded the group Road Safe America after their son was crushed by a tractor-trailer rig in 2002. I don’t need the government to tell me that.”īut the marketplace isn’t magic. “If it’s going to protect my drivers and my trucks, I’m going to take a hard look at it. We went on and did it, and will never look back,” Collins said. “I’ve been doing electronic logs for two years. The same DOT rule that would require the use of speed governors would also require electronic logging of heavy trucks, to keep track of the hours their drivers put in. They’re set to a maximum speed of 68 mph. “Am I against regulations? I’m against excess regulations all day long,” Mike Collins said.īut a DOT rule to require the use of speed limiters would have little or no impact on him. The Collins family operates a medium-sized, 80-vehicle trucking firm out of Jackson, south of Atlanta. Collins is a former GOP candidate for Congress. Mike Collins, for instance, barely batted an eye at the news. But the Isakson/Perdue endorsement of speed limiters on trucks has resulted in nary a peep of protest. Republicans aren’t usually fans of government regulation. Perhaps they were still talking when another truck driver on I-16 near Savannah, possibly asleep at the wheel, rammed into another collection of stopped cars. Isakson and Foxx were to have a follow-up dinner that night. The people who are against it are independents – and not all independents are against it.” “I’m working hard to promote it,” Isakson said in a telephone interview on Tuesday. The next day, the transportation secretary called Isakson to say he had moved the speed-governor requirement to the next stage of its long journey. Perhaps it is time to move on a common sense safety measure “that could have reduced the violence of the crash and may have even saved the lives of these five young ladies,” the two Georgia senators suggested last week. ![]()
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