FMCSA makes up to $90M available in FY2025 grants
'These grants, which could total more than $90 million, will fund projects that advance the development and delivery of motor carrier safety training to non-Federal employees and provide commercial motor vehicle (CMV) operator training to future commercial driver's license (CDL) holders,' FMCSA said in a press statement.
The Notices of Funding Opportunity, applications for which are due by June 20, apply to the following programs:
High Priority Innovative Technology Deployment (HP-ITD) Grants: These fund 'innovative and impactful projects that advance the technological capability and promote the deployment of intelligent transportation system applications for CMV operations.'They also support and maintain CMV information systems and networks to link federal motor carrier safety information systems with state CMV systems, improve safety and productivity of CMVs and commercial drivers, increase driver notification systems (including truck parking and work zone notifications), and reduce costs associated with CMV operations and regulatory requirements.
High Priority Commercial Motor Vehicle Safety (HP-CMV) Grants: These fund CMV safety-related activities that increase public awareness and education on CMV safety, target unsafe driving in high-risk crash corridors, demonstrate new technologies to improve CMV safety, and improve safety data, as well as projects such as truck parking availability and identification.
Commercial Motor Vehicle Operator Safety Training (CMVOST) Grants: These fund organizations that train individuals in the safe use of CMVs. 'The CMVOST Grant Program prioritizes training to current and former members of the U.S. Armed Forces, including National Guard members and Reservists, as well as certain military family members,' FMCSA noted.
In September, the Biden administration awarded 27 HP-ITD grants (recipients can be found here) totaling $34 million and 58 HP-CMV grants (recipients can be found here) totaling $54 million.FMCSA emphasized that grant applications submitted during the application cycle that opened on Dec. 19, 2024, and closed on Feb. 3, 2025, must be resubmitted under this new funding notice.
Watchdog calls out lax FMCSA oversight of $2B in grant money
DOT awards $3.5 million for truck driver training
House lawmakers reintroduce truck parking bill
Click for more FreightWaves articles by John Gallagher.
The post FMCSA makes up to $90M available in FY2025 grants appeared first on FreightWaves.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
2 hours ago
- CNN
Judge blocks Trump FTC's ‘retaliation' against liberal media watchdog
A federal judge has blocked the Trump administration's investigation of a liberal advocacy group known for its campaigns against Rupert Murdoch's Fox News and Elon Musk's X. Judge Sparkle L. Sooknanan cited evidence that the investigation, which was opened by the Federal Trade Commission last spring, was an act of retaliation against the advocacy group, Media Matters for America. The judge granted a preliminary injunction because, she wrote, 'Media Matters is likely to succeed in its First Amendment retaliation claim, which is all it needs at this stage.' Media Matters has been a thorn in the side of Musk and his X social network for years. The group has published numerous reports about the prevalence of violent and hateful posts on X, leading Musk to call them an 'evil propaganda machine' hellbent on harming his business by turning off advertisers. Musk sued Media Matters in response; the group has countersued, and some Republican elected officials have backed Musk. The overarching charge is that liberal activists have colluded with advertisers to hurt conservative platforms and chill speech. Some of the advertisers Musk has sued have fought back, arguing that he has resorted to legal and political maneuvers 'to win back the business X lost in the free market when it disrupted its own business and alienated many of its customers.' With President Trump back in power, Musk and other Media Matters opponents have felt emboldened. Media Matters alleged 'retribution' when the FTC said it was probing possible collusion. Media Matters filed suit against the FTC seeking legal relief, which is what Sooknanan delivered on Friday, though the court battle is likely to continue. An FTC spokesperson did not immediately respond to a request for comment about the court order. Media Matters, which has been seriously hampered by Musk and company, said the injunction is a symbol of effective resistance to the Trump administration. 'The court's ruling demonstrates the importance of fighting over folding, which far too many are doing when confronted with intimidation from the Trump administration,' Media Matters president Angelo Carusone said in a statement. 'This case is not just about the campaign to punish and silence Media Matters, however,' he said. 'It is a critical test for whether the courts will allow any administration — from any political party — to bully media and non-profit organizations through illegal abuses of power.'
Yahoo
2 hours ago
- Yahoo
Holding cash in case a bear market hits? Here's where and when to invest if stocks plunge.
Deploying cash during a bear market can be difficult as fear sets in. It's smart to have a plan — don't enter the market all at once, and don't panic. Experts suggest buying quality dividend stocks and large-cap tech if a bear market comes around. If you've been building up a big cash reserve over the last few years, you're not alone. You're also probably not alone in wishing you'd had the money in stocks. Cash has generated meaningful yields since 2022 after the Federal Reserve went on a rate-hike spree, drawing record amounts into money market funds. The total value in money market funds — highly liquid, cash-equivalent assets that generate yield from short-term bonds — is at a record $7.3 trillion. About $2.1 trillion is held by retail investors. Even stock-investing icon Warren Buffett holds a record cash position worth nearly $350 billion as of March. But stocks have ripped higher in the meantime. The S&P 500 is up 80% since its October 2022 low. It's been difficult to know when to get into the market, though. With the stock market consistently hitting new highs and valuations historically elevated in recent years, you might have been waiting for a good opportunity to put that cash to work in equities, waiting for a dip to buy. If you missed the April plunge, you might still be doing so. It's not necessarily a bad approach. Goldman Sachs said this week that the chance of a stock-market pullback has jumped. In fact, stocks are so expensive that Vanguard said this mont that its ideal portfolio over the next 10 years is a very conservative allocation of 70% bonds and 30% stocks. The cheaper the entry point, the better the returns. But timing the market is tricky and something market pros usually advise against trying. No one knows how long a bull rally can go or how long an eventual pullback will last. That's why the best course of action is probably to dollar-cost-average, continuing to put money into the market at set intervals, whether the market is up or down. However, if you are resolved to waiting for a significant decline to enter the market, it's a good idea to have a plan set in place before that moment arrives. When and what to buy Though bear markets in recent years have been short-lived, the average bear market going back to 1932 has seen a 35.1% drawdown that lasts a year and a half, according to investment bank Stifel. So take it slow, says brokerage firm Charles Schwab. "Instead of going all in at once, one might consider buying small chunks at a time," Charles Schwab said in an August 6 post. But not too slow, said Hank Smith, the director and head of investment strategy at Haverford Trust. There's no way to tell when the bottom is in, so you want to start taking advantage of the pullback once it hits 10% correction territory, he said. It may hurt if the market ends up falling further than 10%, Smith said, but being indecisive about when to get in can result in missed opportunities. Remember the 19.9% decline in the S&P 500 from February to April? The pain was over in the blink of an eye, with the index back at all-time highs before the end of June — and the rally has been furious, with the market up 30% since April lows. So if the market does continue to drop, it's time to get even more aggressive, Smith said. "Let's say that correction morphs into a bear market of 20%, and now you're kicking yourself that you put any in at down 10%. You can't do that," Smith told Business Insider. "You have to say, 'Ok, this is another opportunity to tranche in again,' and probably with more than you did at down 10%." As for areas of the market to buy, it's difficult to know which sectors and themes will get beaten up the most. But Schwab said it's good to take a diversified approach and start buying all corners of the market. "Interestingly enough, traders can diversify their portfolios with as few as 12 stocks, targeting stocks in all major sectors," the firm said. "Although diversification doesn't eliminate the risk of experiencing investment losses, it can help increase the chances of capturing better-performing assets and avoid the risk of losing overall portfolio value to any single business, industry, or sector." Quality dividend stocks can also provide a good buffer to market losses, Merrill and Bank of America Private Bank said in a 2024 report. Smith said that economically sensitive sectors usually make for some of the best opportunities coming out of a recessionary bear market, as they dip during downturns and rebound when the economy recovers. Funds like the Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and the Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) offer exposure to cyclical stocks. But he also said large-cap tech stocks are likely to drop the most because of how high their valuations are. If that's the case, it will likely be a good chance to add exposure to them, he said. "That's very common in high-growth stocks to have big sell-offs in what is a longer-term bull trend," Smith said. "That is where an investor with a lot of cash waiting for a significant decline in the market should look to." Read the original article on Business Insider Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Upturn
6 hours ago
- Business Upturn
How a simple Demat account trick can save you thousands in stock market taxes
Many stock market investors unknowingly pay far more tax than they should simply because of how they manage their Demat accounts. The reason? Most people hold both their long-term investments and short-term trading positions in the same Demat account. On the surface, this looks simple and convenient. But when it comes to taxation, it creates a trap that leads to higher taxable gains — and bigger tax bills. How FIFO inflates your tax bill India's tax system follows FIFO – First In, First Out. This means when you sell shares, the system assumes you're selling your oldest holdings first, even if your intention was to sell recent trades. Here's a simple example: You buy 100 shares at ₹100 each for long-term investment. Later, you buy 50 shares at ₹180 each for short-term trading. A few weeks later, you sell the 50 shares at ₹200 each. What you think your profit is: Trading profit = ₹20 per share (₹200 – ₹180). What the tax system says your profit is: Since FIFO applies, it counts the ₹100 long-term shares as sold first. Taxable profit = ₹100 per share (₹200 – ₹100). So instead of being taxed on ₹1,000 profit (50 × ₹20), you're taxed on ₹5,000 profit (50 × ₹100). That's a huge jump — and this happens only because everything is mixed in one account. The fix: Separate your holdings The solution is straightforward: keep your long-term and short-term investments in separate Demat accounts. One Demat account for long-term holdings. Another Demat account for short-term trades. This way, you control which shares you're selling, and the FIFO rule applies within each account separately. By simply separating accounts, you prevent long-term investments from being treated as short-term sales. How Zerodha makes it easier Recently, Zerodha introduced a Secondary Demat Account feature. This allows investors to create a second Demat account under the same login, making it far easier to separate long-term and short-term holdings. Zerodha users can activate this feature for better tax planning. Even non-Zerodha users can do this by opening Demat accounts with different brokers. Either way, the principle is the same: segregation gives you tax control. Why this matters For small traders, this could mean saving thousands of rupees a year. For larger portfolios, it could mean lakhs in tax savings over time. In stock market investing, we often focus on making the right trades. But managing tax efficiency is equally important. As the saying goes: It's not just about what you earn, it's also about what you keep. Conclusion By using separate Demat accounts — or Zerodha's new Secondary Demat Account feature — you can legally and effectively reduce your tax burden. It's a simple, practical tax hack that can save you big money in the long run. If you invest in stocks, this one adjustment could mean the difference between paying heavy taxes and keeping more of your hard-earned profits. Disclaimer: This article is for informational purposes only and does not constitute financial or tax advice. Readers should consult a qualified professional before making any investment or tax-related decisions. Details in this article have been referenced from a LinkedIn post by CA Nitesh Buddhadev. Ahmedabad Plane Crash
