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News Digest DOT 37-14

FMCSA Initiates Rulemaking Process to Update the Financial Responsibility of Commercial Carriers and Better Protect the Public. The Federal Motor Carrier Safety Administration has reported to Congress that current financial responsibility minimums for the commercial motor vehicle industry are inadequate to meet the costs of some crashes. The agency’s report to Congress was required in the most recent transportation bill and includes findings from a recent study that weighed the benefits of increasing insurance minimums, including improved compensation for crash victims and reductions in commercial vehicle crashes, against costs imposed on commercial motor vehicle operators and the insurance industry. The analysis shows that while catastrophic motor carrier crashes are rare, the costs for resulting severe and critical injuries can exceed $1 million. Current insurance limits do not adequately cover these costs, which are primarily due to increases in medical expenses and other crash-related costs. The agency has formed a rulemaking team to further evaluate the appropriate level of financial responsibility for the motor carrier industry. MAP-21 requires FMCSA to issue a report every four years on financial responsibility requirements. The Report to Congress can be viewed on the FMCSA website. Contact: Marissa Padilla (202) 366-9999.

BTS’ National Transportation Statistics Updated - The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) today updated National Transportation Statistics (NTS) – a web-only reference guide to national-level transportation data. NTS, updated quarterly, includes a wide range of national transportation information. NTS consists of more than 260 tables of national data on the transportation system, safety, the economy and energy and the environment, of which 50 were updated today. The next quarterly update is scheduled for July. NTS  can be viewed on the BTS website.  Contact: Dave Smallen (202) 366-5568.

Friday, April 18, 2014