Business & Investment

Inflation imposes DOT fines for registration breaches

Inflation has been accused of increasing federal fines for truck violations.

For the second time this year, the Federal Automobile Carriers Safety Administration, along with other Department of Transportation agencies, has updated fines for federal truck regulation violations. DOT was not issued 2020 renewal until January 2021..

Updated fines for violations can be found here.

DOT is required by law to adjust fines annually based on inflation.

The final rule, published in the Federal Register on Monday, May 3, put the new fine into effect immediately.

DOT will penalize the 2021 adjustment between the October 2020 Consumer Price Index (CPI-U) and the October 2019 CPI-U (2021 1.01182). Needed to be multiplied by the rate of change. Given this multiplier, all fines have increased.

Inflation imposes DOT fines for registration breaches

https://www.truckersnews.com/news/article/15065362/inflation-drives-up-dot-fines-for-regs-violations Inflation imposes DOT fines for registration breaches

Back to top button