The largest ever stimulus package is on its way to President Obama’s desk to be signed on Tuesday February 17th 2009. The $787 Billion stimulus package is said to include $150+ Billion for public works projects for transportation, energy and technology. Just how much of this super-sized stimulus plan will affect the trucking industry directly is hard to say right now. However, earlier versions of the plan included several programs that could impact the trucking industry. There is $300 Million that will provide grants and loans to state and local governments for projects that reduce diesel emissions. Also alternative power will see $200 Million dedicated to encourage electric vehicle technologies. State and local governments will also see $400 Million aimed at helping them purchase trucks and busses that operate on alternative fuels.
It seems that the largest impact for everyday owner operators will come from the Billions of dollars marked for highway construction, transit and rail projects. Get your hardhat on!
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