Driver training committee almost there, but stuck on hours behind the wheel
5/29/2015

By David Tanner, Land Line senior editor

A committee that is negotiating language for a rulemaking on entry-level driver training for truck and bus operators has come to a consensus on many – but not all – of the topics at hand. Land Line Magazine Managing Editor Jami Jones is at the meetings in Washington, D.C. She says Thursday’s session was running smoothly until the agenda turned to whether there could be a required number of hours behind the wheel attached to the core curriculum.
 
The Entry-Level Driver Training Advisory Committee has just one session left, on Friday, May 29, to reach a consensus on language to deliver to the Federal Motor Carrier Safety Administration on or before June 15.
 
Jones is there covering the meetings of the 26-member panel, which includes OOIDA Director of Regulatory Affairs Scott Grenerth. The FMCSA-appointed committee has met for six two-day sessions as part of a negotiated rulemaking process that stakeholders hope will lead to a final rule on training.
 
“The committee is making lots of progress, but the fireworks are flying, that’s for sure,” Jones reported as Thursday’s meeting progressed.
 
She says one of the outlying issues is whether – or not – a set number of hours should be attached to a behind-the-wheel training curriculum.
 
“They decided about evaluating competency behind the wheel, but not whether or not hours should be attached to it,” she said.
 
Jones said the morning part of the session went smoothly, and she estimates that the committee is about 90 percent done with its charge.
 
“They came to a consensus on curriculum, core concepts and various driving techniques, as well as teaching hours-of-service compliance,” she said.
 
During the session, FMCSA Administrator Scott Darling thanked the committee members for their work on the effort to develop standards for entry-level training.

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Indiana Toll Road officially has a new Australian owner
5/29/2015

By David Tanner, Land Line senior editor

Australian investment group IFM has completed financial transactions to take control of the Indiana Toll Road and collect the tolls on it for the next 66 years.

IFM Investors announced the completion of the $5.725 billion transaction on Wednesday, May 27. The company now owns 100 percent of the Indiana Toll Road Concession Co., a Spanish-Australian consortium that initially leased the toll road from the state of Indiana in 2006.

ITR Concession Co. went bankrupt in 2014. The courts allowed the company and the state of Indiana to repurpose the toll road under a new investor.

IFM Investors announced that it used equity from 70 pension fund partners based in the U.S. to achieve financial closing on its latest asset.

In exchange for operating, fixing and maintaining the 157-mile toll road, IFM will collect the tolls on it. A portion of toll revenue will be returned to investors.

IFM, which now has four toll roads in its portfolio, vows to make capital improvements to the roadway and deliver quality service to users.

“IFM Investors’ acquisition of ITR Concession Company is consistent with our stated approach to expanding our North American portfolio of assets where we count over 70 U.S. pension funds as our partners,” said Julio Garcia, IFM’s head of infrastructure for North America. 

“Under our stewardship of this vital asset to the region, the Indiana Toll Road will soon undergo a series of improvements designed to enhance the customer experience,” Garcia added.

The former lease holder, Indiana Toll Road Concession Co., declared bankruptcy in September 2014, eight years into its 75-year lease.

The original lease, signed by then-Gov. Mitch Daniels, allowed truck tolls to increase from $14 per trip to $32 within the first five years and be indexed to the rate of inflation after that. The current toll rate for a five-axle truck is $38.70 for a one-way trip.

OOIDA fought against the original lease, which contained a controversial “non-compete” clause that prevents the state of Indiana from significantly improving nearby toll-free routes that compete for toll road traffic.

OOIDA helped back a constitutional challenge of the lease in 2006, but the Indiana Supreme Court struck down the challenge.

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