US lawmakers propose ending 12% excise tax on heavy duty trucks
by Reuters Jun 02, 2026
Two U.S. senators on Tuesday proposed ending the 12% federal excise tax on heavy duty trucks, saying it could boost sales of newer cleaner models.
Republican Senator Todd Young and Democratic Senator Angela Alsobrooks noted the tax adds as much as $15,000 to $30,000 to the cost of a new heavy truck, trailer, semitrailer chassis, or tractor and encourages using older vehicles on the road longer. The tax raises more than $6 billion annually in revenue.
Reuters
Similar Stories
MOL PLUS to invest in T2 Inc., a developer and provider of autonomous truck-based hub-to-hub transportation services
MOL PLUS Co., Ltd. today announced its decision to invest in T2 Inc., a developer and provider of hub-to-hub transportation services using autonomous trucks.
View ArticleOld Dominion Freight Line announces $0.29 per share quarterly cash dividend
Old Dominion Freight Line, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per share of common stock.
View Article
Warehouse on Wheels launches WOW Supply Chain Activity Index: A monthly indicator of U.S. logistics and warehousing activity
View Article
Schneider receives Certified Cold Carrier designation, demonstrating industry leadership in dedicated refrigerated shipping
View ArticleFleetio customers reject $41.6M in unnecessary repair costs as AI-powered maintenance scales in first half of 2026
Purpose-built for maintenance, Fleetio's embedded AI delivered measurable cost control across thousands of fleets
View Article
GoAL executive set to join Louisiana Committee reviewing oversized and overweight permitting
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
