0.1 C
Ottawa
Wednesday, March 4, 2026

Transportation Departments Cost-Cutting Measures Expected to Save $600 Million

Date:

Transportation Secretary Sean Duffy speaks during a press conference at LaGuardia Airport in New York City on Oct. 28, 2025. Michael M. Santiago/Getty ImagesU.S. Department of Transportation (DOT) Secretary Sean Duffy announced on Jan. 12 new modernization rules and policy changes that are expected to curb industry red tape and save American consumers approximately $600 million in annualized cost savings.The DOT statement talks about two new rules and one enforcement policy. According to the first rule, the Pipeline and Hazardous Materials Safety Administration (PHMSA) within the DOT will modernize the agency’s class location regulations for gas transmission lines to account for technological advancements and latest safety practices.

spot_imgspot_imgspot_img

Share post:

More like this
Related

US Private Payrolls Up 63,000 in February, Highest Since July: ADP

Economy‘We’ve seen an increase in hiring and pay gains...

Should You Invest in Cybersecurity Stocks?

In the age of AI-driven scams, cyber defense isn’t...

Trumps 15 Percent Global Tariff Will Take Effect This Week: Bessent

Treasury Secretary Scott Bessent testifies before the Senate Committee...

US, Ecuador Launch Joint Military Operations Against Terrorist Organizations

U.S. Marine Corps. Lt. Gen. Francis Donovan looks on...