In The News

Trump Win to Refocus Corporate Finance Priorities

The Wall Street Journal

09 Nov 2016

Katie Thomson, chair of the firm’s Transportation Industry Group, was quoted regarding the 2016 election results and how they affect the transportation landscape in the article, “Trump Win to Refocus Corporate Finance Priorities,” published by The Wall Street Journal on November 9, 2016.

NHTSA’s proposed guidelines would ask companies to submit certain information to the agency for its staff to assess the safety of each technology, but this is time consuming, burdensome and requires expertise the agency may not have, says Ms. Thomson. Under a Republican administration, “there may be more willingness to accept consensus-based standards, that are maybe less restrictive than you might expect out of a safety organization,” she said.

Detroit auto makers could get a helping hand from the Trump White House and Republican Congress, in the form of looser fuel economy and greenhouse emission standards, says Ms. Thomson. The EPA and NHTSA is currently reviewing the 2022-2025 standards, which have been criticized by auto makers for being too costly to implement. “There’s a strong likelihood that the industry could influence the standard to be lowered from what they were originally proposed,” she said.

The implementation of positive train control, an accident prevention system, could be delayed under a Republican administration, says Ms. Thomson. “Railroads have been opposed to implementing positive train control, or have wanted to extend the compliance date much further into the future, and I think they will have the political traction they need to get more of the relief they’ve been seeking,” she said.

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