NEWS
Fuel Tax to Help Fix Aging Waterways
Mary Kennedy DTN Basis Analyst
Mon Dec 22, 2014 12:44 PM CST

OMAHA (DTN) -- On Dec. 16, the Senate approved a 9-cent-per-gallon increase in the barge diesel fuel user fee, which will take effect April 1, 2015. This addition to the current barge fuel tax of 20 cents, paid by barge and tow-boat operators, is expected to generate approximately $40 million in additional revenues annually, which will be deposited into the Inland Waterways Trust Fund for the benefit of priority navigation project construction and major rehabilitation.

NGFA President Randy Gordon said in a press release on Dec. 17, "America's inland waterways infrastructure is in desperate need of renovation and modernization, and ...

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