Tort Reform Gaining Momentum

With the Bush administration renewing its claim to the executive branch and Republicans taking more seats in Congress, trucking executives are hopeful that sweeping tort reform will soon be enacted. Herb Schmidt, president of Contract Freighters Inc. (CFI), told Fleet Owner that excessive litigation against the high-risk trucking industry is among the chief threats to profitability and fair competition. “Medical costs go up, and the cost of liability insurance goes up in an environment where Democrats are under control, period,” said Schmidt. Anecdotally, Schmidt has seen reform bills killed in the House and Senate by ...

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From the Print Issue

October 2009

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