Trucking Group Starts Meeting With Trump Transition Team

The American Trucking Associations, the largest group representing trucking companies in Washington, said Wednesday it has already started meeting with the Donald Trump transition team as the industry prepares for a possible new look at regulations due to hit operators next year.

ATA chief Chris Spears said in a statement that the group hopes to work "closely with the new administration on issues that will allow the trucking industry to continue to grow and move America forward."

Trucking companies are preparing to meet a Dec. 31, 2017 deadline to equip all trucks with electronic logging devices measuring their hours on the road. The rule has divided segments of the industry, with smaller truckers complaining about the cost and shipping customers arguing that it will drive some companies out of business and leave bigger operators free to raise prices.

Mr. Spears said he expects Mr. Trump to increase spending on roads and bridges, one issue that the president-elect and Democrat Hillary Clinton largely agreed on during the campaign.

During the campaign, he highlighted the need to create jobs, and recognized that improving our nation's infrastructure is critical to strengthening the economy," said Mr. Spears, adding "we look forward to working with President-elect Trump on a host of issues, including long-term, sustainable infrastructure funding, tax reform and fair and free trade."

Shares in trucking company stocks, which generally had been rising in the days before the election, largely were moving upward in early trading Wednesday. Landstar System Inc., a Jacksonville, Fla., carrier specializing in industrial transport, was a leading early gainer, with shares rising 2.7% to $76.85, nearly a two-year high.

Write to Paul Page at paul.page@wsj.com

(END) Dow Jones Newswires

November 09, 2016 12:05 ET (17:05 GMT)

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