OVERTIME RULE BLOCKED * USA: MAY BENEFIT TRUCKING
* DC - US Chamber of Commerce: "... change would have added $1 billion in costs"
--- A preliminary injunction issued yesterday in a lawsuit filed by the National Retail Federation (NRF), attorney generals from 21 states and 50 business groups back in September blocked impending changes to federal overtime pay rules – and blocking that rule may benefit trucking as well... The contentious changes made by the U.S. Department of Labor (DOL) back in May to overtime pay rules mainly affected so-called “white collar” workers – some 3.9 million of them, according to the Congressional Budget Office (CBO), though others say the number is closer to 4.2 million... In terms of monetary impact on businesses larger and small, the U.S. Chamber of Commerce estimated that the overtime rule change would have added $1 billion in costs. The 21 states involved in the lawsuit said the rule would’ve added $115 million in government costs as well... Apparently, U.S. District Judge Amos Mazzant III in Sherman, Texas, agreed and so blocked the rule... And Congress may eventually decide to jettison them, along with many other Obama-era regulations, according to plans now being laid... We’ll see what comes of that effort in the coming months...
(Photo) -- Washington, DC, USA - Fleet Owner, by Sean Kilcarr - Nov 23, 2016