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James Menzies

James Menzies

Former Member of the Victorian Legislative Assembly

Aug 27, 2026

2:43
That's
2:43
really interesting because we don't know what the cost increase is going to be next year.
2:47
I mean, we thought we knew, but then everything changes, right? In this world, everything is constantly in flux.
2:53
So there was some talk about whether or not the EPA 27 emissions rules would be maintained, and they will be based on what we hear now.
3:02
The NOx limit of 0.035 grams per horsepower hour, that's going to stay.
3:07
What's not going to stay is the extended warranty coverage that was being forced upon the OEMs by the EPA.
3:14
They wanted them to guarantee the after-treatment systems for 450,000 miles, as opposed to the 100,000 miles that it is today.

12 MINS LATER

15:30
From the carriers you've talked to, different associations you're plugged into, what are you seeing as the outlook for the rest of this year for the industry?
7:44
What are you hearing from that world?
7:47
Yeah, you know, we're in RFP season now, and they're starting to get some opportunities to bid.
7:54
And what I'm hearing from the carriers is that fleets are still not in the driver's seat when it comes to rates.
8:01
Shippers are still taking advantage of the current market, and there's a lot of pressure under rates still because there's too much capacity.
8:07
And shippers are willing to take advantage of that.
8:11
Basically, the publicly traded fleets in the U.S., the big guys, were saying that they see – Reason for optimism in the second half of 2026, but not before then, based on what they're seeing.
8:22
Some shippers, some forward-looking shippers are beginning to look at locking in capacity because they know it can't stay like this forever.

9 MINS LATER

17:09
That's the same thing to

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