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Infrastructure in the News 9.9.16

NATIONAL NEWS

CNBC: Planes, trains and trucks point to US economic downturn

http://www.cnbc.com/2016/09/08/transportation-planes-trains-and-trucks-point-to-economic-downturn.html

If the transportation industry is any indicator — and it usually is — then the economy could be on the brink of a downturn.

Wall Street Journal: Swift Transportation CEO Jerry Moyes to Retire at Year’s End (full article follows Morning Transportation)

http://www.wsj.com/articles/swift-transportation-ceo-jerry-moyes-to-retire-at-years-end-1473373342

Swift Transportation Co. Chief Executive Jerry Moyes, who over 50 years built one of the largest U.S. trucking companies, will retire at the end of the year, the company said Thursday.

CBS: U.S. Department of Transportation announces grant to improve nationwide bus service

http://keyetv.com/news/local/us-department-of-transportation-announces-grant-to-improve-nationwide-bus-service

The U.S. Department of Transportation’s Federal Transit Administration (FTA) announced Thursday the selections for its Bus and Bus Facilities Grant Program that aims to provide better bus service for riders across the nation.

ITS International: USDOT awards infrastructure grants to 18 projects

http://www.itsinternational.com/categories/utc/news/usdot-awards-infrastructure-grants-to-18-projects/

US Transportation Secretary Anthony Foxx has announced 18 infrastructure projects across the country that will receive federal grants as part of the new FASTLANE program.

Reuters: From steaks to furniture, Hanjin Shipping collapse to raise freight costs

http://www.reuters.com/article/us-hanjin-shipping-debt-freight-idUSKCN11F00D

The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers.

Newsweek: WE URGENTLY NEED TO MEND OUR BROKEN INFRASTRUCTURE

http://www.newsweek.com/we-urgently-need-mend-our-broken-infrastructure-496410

Decades of wear, tear and insufficient investment are catching up with our nation's public transportation systems.

Sovereign Investor: Infrastructure Spending and America’s Ailing Power Grid

http://thesovereigninvestor.com/investment-opportunities/infrastructure-spending-americas-ailing-grid/

At 4:10 p.m. EDT on Thursday, August 14, 2003, the lights went out in New York.

STATE NEWS

Washington Post: Here’s what happens when one of the nation’s old bridges catches fire

https://www.washingtonpost.com/news/dr-gridlock/wp/2016/09/08/heres-what-happens-when-one-of-the-nations-old-bridges-catches-fire/

The terrible after-Labor-Day traffic got worst this week for some folks in Pittsburgh.

Associated Press: Atlanta Airport to Dig Tunnel, Expand 'Plane Train' Route

http://www.nytimes.com/aponline/2016/09/08/us/ap-us-atlanta-airport-plane-train.html?_r=0

Atlanta's airport is embarking on a major project to extend the tunnel for the "plane train," which carries passengers between terminals, to the ground transportation area.

Tampa Bay Times (Florida): After six years, Hillsborough County actually does something about transportation

http://www.tampabay.com/news/transportation/after-six-years-hillsborough-county-actually-does-something-about/2292822

After a failed referendum in 2010 and two failed attempts to hold another in 2016, the six-year debate about how to pay for Hillsborough County's transportation needs reached a milestone achievement Thursday: Something actually passed.

WPSD (Illinois): Proposed Illinois amendment could secure transportation funding

http://www.wpsdlocal6.com/story/33054278/proposed-illinois-amendment-could-secure-transportation-funding

Illinois voters hitting the polls in November's presidential election will also be asked whether to amend the state's constitution.

Washington Post: As Metro proposes painful service cuts, board members ask: Is this necessary?

https://www.washingtonpost.com/local/trafficandcommuting/as-metro-proposes-painful-service-cuts-board-members-ask-is-this-necessary/2016/09/08/85ae2012-75f0-11e6-be4f-3f42f2e5a49e_story.html

As Metro floats several options for cutting service to give workers more time for system maintenance, some board members are increasingly skeptical about the benefit of those extra hours.

KPBS: How New York City Rebuilt Anew After Its Darkest Day

http://www.kpbs.org/news/2016/sep/08/how-new-york-city-rebuilt-anew-after-its-darkest/

When a man-made disaster of unfathomable scope strikes your city and its central symbol of prosperity has been leveled to ruin — and it's your job to jolt it into resurgence — where do you begin?

By Brianna Gurciullo | 09/09/2016 05:40 AM EDT

With help from Jennifer Scholtes, Tanya Snyder and Annie Snider

BREAKING UP THE OMNIBUS: During the House GOP Conference meeting today, Speaker Paul Ryan will hear feedback on the idea of passing multiple small spending packages, or "mini-buses", in the lame-duck session. Mini-buses could also be included in the continuing resolution Congress is likely to approve this month, POLITICO's Rachael Bade and Ben Weyl report. Ryan seems loathe to pass a giant omnibus like in recent years.

THUD appropriator: Anything but a long-term CR: Rep. Mario Diaz-Balart (R-Fla.), the chairman of the House Appropriations THUD subcommittee, told MT on Thursday that he could get behind a plan to pass mini-buses. "What I seriously object to is punting on our responsibilities with a long-term CR," Diaz-Balart said. He said such a measure is "damaging because we would be funding things that we're not doing anymore, that we shouldn't be doing. We would not be funding things that we need to be doing. Particularly on transportation, our bill reflects the FAST Act. The previous one does not, right? So it's damaging."

HAPPY FRIDAY! Good morning and thanks for tuning in to POLITICO's Morning Transportation, your daily tipsheet on all things trains, planes, automobiles and ports. Fifty years ago today, President Lyndon B. Johnson signed the National Traffic and Motor Vehicle Safety Act and the Highway Safety Act into law. (h/t Advocates for Highway and Auto Safety)

Please send tips, feedback and, of course, song lyrics to bgurciullo@politico.com or @brigurciullo.

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CALLING TO GROUND CUBA FLIGHTS: Save the date, aviation industry folks. House Homeland Security Committee leaders will take up a bill Tuesday that would force the administration to halt commercial flights to and from Cuba. The measure (H.R. 5728), which Rep. John Katko introduced in July, would stop U.S.-Cuba flights until TSA does a study on security protocol and equipment at Cuban airports. Although the bill has no chance at enactment, the legislative undertaking is sure to stir more debate about whether Cuba needs to step up security at the hubs with access to the United States.

DIAL IT DOWN: Tom Ridge, the first Homeland Security secretary, thinks Americans need a dose of reality when it comes to terrorist attacks, our Jennifer Scholtes reports for Pros. More will probably happen, Ridge said Thursday at a forum hosted by The Atlantic, and such assaults need to be put into context with other dangers like traffic fatalities and gun violence. "And I'm not trying to say that the pain or suffering of a terrorist attack isn't significant, isn't real. It is," he said. "But I want America to dial down some of the hyperbole and the hyperventilation."

What keeps Johnson up at night: Both Ridge and current Secretary Jeh Johnson said threats to homeland security have changed dramatically since Sept. 11, 2001, with Johnson citing the tragedies in San Bernardino and Orlando. "People ask me: What keeps you up at night? That is thing No. 1 - the prospect of another homegrown, or home-born, violent extremist acquiring a weapon or a tool of mass violence and carrying out an attack somewhere here in the homeland," Johnson said.

TOO MANY COOKS: Like so many before him, House Homeland Security Chairman Mike McCaul is determined to shrink the pool of congressional committees with oversight over DHS - a mission that would likely strip the House Transportation and Senate Commerce committees of much of their stake in the department's business. Not only has no one succeeded in this mission since the 9/11 Commission first recommended a consolidation of oversight, but there are now even more committees with some kind of control over the department.

Get 'er done: McCaul seems especially determined, though, to deliver on this dream. And the chairman told an audience at The Atlantic event that he just spoke to House Speaker Paul Ryan about consolidating DHS jurisdiction. "It's dysfunctional, it cripples the department," McCaul said. "Shame on Congress for not fixing this problem. I'm going to propose that we change this in the next Congress because it's my responsibility. And I think inaction will cause problems for us."

WRDA'S LEFT-FIELD ISSUE: Every measure's got one when it hits the floor: the issue that comes out of nowhere and causes bill managers a major headache. For the Senate's WRDA bill, it's a dispute between New York and Connecticut over the disposal of dredged material in the Long Island Sound that Minority Leader Harry Reid nearly required a promised vote on before allowing the measure to come to the floor Wednesday.

Parochial? Maybe not as much as it first seems: The root of the issue is an expansion at Naval Submarine Base New London to make way for the Navy's newest Virginia-class submarines. The service anticipates dredging 60,000 cubic yards to make room for the new fleet, and needs a place to put all that sand, rock and mud. The cheapest place , by far, is the Long Island Sound. But the state of New York fears that dumping all that muck there - albeit in Connecticut's waters - would end up violating its own more stringent water quality standards.

New York Sen. Kirsten Gillibrand secured language in the WRDA bill aimed at blocking any disposal that violates water quality standards, but Connecticut Sen. Richard Blumenthal is now trying to strike that provision or alter it to apply only to standards in the state where the disposal occurs. And it's a fight that could have implications for whether upstream states must heed the water quality standards of their downstream neighbors.

Still optimistic: Despite the kerfuffle, aides are banking on smooth sailing for the broadly bipartisan measure. Senate Majority Leader Mitch McConnell has teed up a cloture vote on the manager's package for WRDA on Monday evening, and the chamber is expected to spend much of Tuesday working through amendments before turning to its top-ticket business later in the week: passing a short-term government funding measure.

** A message from Airlines for America: Every day, U.S. airlines connect 2.2 million people to what matters most. Whether it's a family vacation or an important business trip, the 675,000 U.S. airline employees proudly operate 27,000 flights a day, including the most important one-yours. Airlines for America: We Connect the World. Learn more at airlines.org. **

HOW'S THAT WIRELESS SERVICE COMING ALONG? FCC Commissioner Mike O'Rielly wants to know where WMATA stands in its efforts to provide wireless service in Metro tunnels, Pro Technology's Margaret Harding McGill reports. O'Rielly, saying he is "a not infrequent rider of" Metro, requested an update in a letter to GM Paul Wiedefeld this week. WMATA said early this year that it planned to "install dual radio and cellular cables - known as coaxial - on the walls in 100 miles of tunnel." Now, the Republican commissioner is asking for an expected completion date.

Keep it running: Meanwhile, Metro is testing out Wi-Fi service at six stations for 45 days. It will then stop the pilot program to assess how it went, which O'Rielly said concerns him. "I am at a loss as to why these critical communications features would be disabled at a set date. The data collected during the test period should be able to be analyzed without turning off the Wi-Fi network," he wrote. "Given the overall questionable state of communications capabilities within the entire system, it seems counterintuitive to cease operations of an additional mechanism that the public can use to reach emergency personnel when warranted."

MURPHY'S AHA MOMENT ON SIDEWALKS: Democratic Sen. Chris Murphy spent the last week of the long August recess walking across his home state of Connecticut. Murphy wanted to connect with citizens, he told our Tanya Snyder on Thursday, but on more than one occasion, he nearly connected with cars. "I nearly got hit three or four times along the route," he said. "It's really amazing that on major commercial and retail thoroughfares in Connecticut there still aren't sidewalks or even shoulders. One-quarter of people in the New Haven area walk to work, and their lives are at risk every day." Murphy doesn't have any concrete federal policy recommendations except to "make sure we're not just putting money into roads and rails."

HOP ON THE BUS: Acting FTA Administrator Carolyn Flowers announced Thursday the 61 winners of a new round of bus grants in 41 states and the Virgin Islands, totaling $211 million in funding. Fairbanks, Alaska, will look to expand its bus facility so all of its buses can be stored indoors. The Confederated Salish and Kootenai Tribes will use the money to fund Commercial Driver's License training. Many winners are getting some new buses, including hybrids and clean natural gas vehicles. The bus grant program had been a discretionary program since its inception in 1964, but MAP-21 changed it into a formula program in 2012. That didn't last long, as the FAST Act returned to FTA the power to pick the winners.

FAA: DON'T USE SAMSUNG GALAXY NOTE 7 ON BOARD: Here's what the FAA said Thursday night about Samsung's worldwide recall of its Galaxy Note 7, which came after reports of the smartphones catching fire while charging: "In light of recent incidents and concerns raised by Samsung about its Galaxy Note 7 devices, the Federal Aviation Administration strongly advises passengers not to turn on or charge these devices on board aircraft and not to stow them in any checked baggage." More from The Wall Street Journal: http://on.wsj.com/2cb8aRf.

TWEETS DU JOUR: Always wise to check dates on a tweet, folks. A former Ted Cruz staffer, Amanda Carpenter (@amandacarpenter), on Feb. 14: "Guys. I'm trapped in an amtrak elevator at Bwi airport. Help?" Amtrak (@Amtrak) on Sept. 7: "We are sorry to hear that. Are you still in the elevator?" Carpenter : "Oh, my thank you for this but I was trapped months ago. Like last February. Thanks for checking ... ? Ha." Amtrak: "Someone just re-tweeted it. Wanted to make sure. Glad you're out :)"

ARRIVALS AND DEPARTURES: Mark Erceg is leaving Canadian Pacific, where he's served as CFO, to oversee finances and information systems at a U.S. company. Nadeem Velani, vice president of investor relations, was tapped to be interim CFO.

Joshua Dolan, the vice president of international logistics for Target, was elected chairman of the Coalition for Responsible Transportation's board of directors. He replaces Rick Gabrielson, the vice president of transportation for Lowe's.

THE AUTOBAHN (SPEED READ):

- Tesla says Netherlands crash vehicle not operating on Autopilot. Reuters.

- As Washington Metro proposes painful service cuts, board members ask: Is this necessary? The Washington Post.

- Volkswagen, Robert Bosch met in 2014 to discuss emissions software, suit says. The Wall Street Journal.

- Real-life investigators object to portrayal in "Sully" movie. The Associated Press.

- SpaceX leads probe into Falcon 9 rocket explosion. The Wall Street Journal.

- Here's what happens when one of the nation's old bridges catches fire. The Washington Post.

- Your car's new software is ready. Update now? The New York Times.

- Alphabet drones to deliver burritos as part of test at Virginia Tech. The Wall Street Journal.

THE COUNTDOWN: DOT appropriations run out in 20 days. The FAA reauthorization expires in 385 days. The 2016 presidential election is in 59 days. Highway and transit policy is up for renewal in 1,485 days.

THE DAY AHEAD:

Nothing on our radar for today. Enjoy the weekend.

Did we miss an event? Let MT know at transpocalendar@politicopro.com.

** A message from Airlines for America: By transporting 2.2 million passengers and 49,000 tons of cargo every single day, the U.S. airlines make the world a little smaller-and that means big opportunity. The U.S. airlines employ 675,000 skilled workers. For every 100 of those workers, the industry supports an additional 473 non-airline jobs. In total, the U.S. airlines drive 5 percent of our entire gross domestic product and act as a crucial pillar of the American economy. Air travel is the safest form of inter-city transportation, and it's also a comprehensive network of people, goods, and ideas. So whether you're expanding your business or your horizons by visiting one of our 800 destinations, the U.S. airlines make it possible with 27,000 flights a day. Airlines for America: We Connect the World. Learn more at airlines.org **

To view online:
https://www.politicopro.com/tipsheets/morning-transportation/2016/09/thud-appropriator-open-to-mini-buses-committee-will-take-up-bill-to-stop-cuba-flights-wrdas-left-field-issue-019068

Stories from POLITICO Pro

Ryan eyeing 'minibus' pitch on budget talks Back

By Rachael Bade and Ben Weyl | 09/08/2016 01:41 PM EDT

House Speaker Paul Ryan is putting out feelers on a possible strategy to fund the government next year: Think small.

In private conversations with his members over the past few days, the Wisconsin Republican has emphasized his distaste for passing a massive trillion-dollar omnibus - and his preference for advancing smaller packages of spending measures if they can't get one-off bills finished.

He said as much on a members-only conference call with more than 100 lawmakers during recess two weeks ago. ("Basically the gist was: No omnibus. Let's break it up," one member on the call summarized for POLITICO.) And he repeated his distaste for omnibuses in the House GOP Conference meeting Wednesday.

Ryan spokeswoman AshLee Strong cautioned that Ryan has always disliked large, last-minute spending packages, preferring agency funding provisions be broken down one at a time to ensure smart cuts and that funding gets where it's needed. In that regard, his comments are not new.

But they do signal the mindset of the highest ranking Republican in the House going into weeks of budget negotiations. House Republicans are trying to iron out their own internal differences on a strategy to avoid a government shutdown on Sept. 30, when the government runs out of money.

With just a few weeks before that end-of-September deadline, lawmakers will have to pass a stop-gap measure called a continuing resolution, which essentially continues status-quo funding but buys them more time for a long-term spending plan. Then, they'll have to settled on a blueprint for what they want to fund and cut for most of 2017.

That second step is where talk of mini-buses has percolated lately among top House GOP appropriators. It's clearly making its rounds all the way up the chain, too.

"The speaker has consistently said he is not a fan of bigger spending packages," Strong said. "If it's a binary choice between a package of a couple verses a larger omni, the preference will be the former, but obviously individual spending measures would be our intention."

Strong also noted that Ryan "feels it's harder for members and Americans to sift through such large packages."

"It's more ideal to do this in smaller bites," she summarized Ryan's thinking.

To be sure, House GOP leadership has not settled on a strategy for funding the government, including the exact length of the CR or a plan for the rest of the year. House Republicans will meet Friday morning to begin hashing out that plan, and Ryan says he wants to hear from lawmakers rather than enter the room dictating a settled strategy.

"We want to talk as a family, as a team first before we proceed with any plan to go forward in engaging with the White House" on spending issues, Ryan said at a Thursday press conference. "My style of leadership is consensus-driven, bottom-up. ... I want to hear from our members on how they think we ought to proceed going forward."

While Senate Republicans are backing a CR through Dec. 9, House Republicans are not yet on the same page. Conservatives want a continuing resolution that maintains current spending and policy clear into 2017, rather than try to strike deals with Democrats during the lame-duck session after Election Day.

But senior Republicans, including appropriators, say they'd be giving away the store to the Democrats, particularly if Democrats take the Senate. Better to negotiate now while Republicans control both chambers, they say, while they have more leverage over spending priorities.

If lawmakers settle on a short-term CR plan, they'll have to iron out finances for the rest of the year. That's where the idea of mini-spending packages comes in.

In the age of the tea party, revulsion has only grown toward the proliferation of omnibus packages - the thousand-page, $1 trillion bill to fund all agencies of the government, negotiated by leadership behind closed doors and with the clock ticking down toward a government shutdown.

But appropriators, who have the support of Ryan and his top lieutenants like Majority Leader Kevin McCarthy, think smaller bills would offer more transparency and could be more palatable to the conference.

On Friday during the House GOP conference meeting on the CR, leaders will find out how many agree as they float the prospect of doing smaller mini-packages or minibuses, post-election.

They can count on having appropriators at their backs.

"I think most members would prefer to vote on minibuses rather than an omnibus," said Rep. Charlie Dent (R-Pa.), a top House appropriator. "The idea has always been to shrink the size of the omnibus."

Likewise, Chairman Hal Rogers said he was backing a continuing resolution that goes into December precisely "to give us time to try to put together some minibuses." The Kentucky Republican added that minibuses could also be part of the CR expected to pass this month.

Dent is actively pushing to move a package of several spending bills, either in a lame duck session or even sooner, as part of this month's CR. He also suggested the CR could include appropriations bills funding military construction and veterans affairs, which was drafted by the subcommittee he chairs, and other bills that could find quick bipartisan consensus like funding legislative branch operations.

"Put in as much as we can agree to," he said.

The pitch may fall flat among some conservatives, however.

"The real question is not whether it's an omnibus, a cromnibus, a minibus," said Rep. Mick Mulvaney, a member of the Freedom Caucus who slammed the idea of a minibus as a "euphemism" designed to fool the public. "It's what's attached to it."

The South Carolina Republican said any package of spending bills would inevitably tilt toward Democrats, who would otherwise filibuster whatever comes out of the GOP-led House: "We are going to end up with a Christmas tree bill at Christmas. Whether it's single, or broken up into four pieces, what difference does it make?"

While Mulvaney said Ryan was unlikely to win the votes of him and his colleagues for a short-term CR - meaning Ryan would have to rely on Democrats - he said Friday's meeting would remain civil.

"That's the big difference between having Paul Ryan and John Boehner as a speaker," he said. "The temperatures are still very low because we've had a chance to have these discussions. People do feel like they're having their opinions heard."

Back

Former Homeland Security chief warns against 'hyperventilation' over terrorist attacks Back

By Jennifer Scholtes | 09/08/2016 10:57 AM EDT

Former Homeland Security Secretary Tom Ridge said Thursday that Americans "should just accept the inevitability" that terrorist attacks will occur in the U.S. and take a more levelheaded approach to the threats.

"What I really think the country needs to do is accept the reality that it is a global scourge, accept the reality that it will probably happen again here - we have no idea how many times," Ridge said during a forum hosted by The Atlantic. "And I'm not trying to say that the pain or suffering of a terrorist attack isn't significant, isn't real. It is. But I want America to dial down some of the hyperbole and the hyperventilation."

Ridge said that the media devotes coverage to deaths caused by terrorist attacks disproportionate to fatalities from car crashes and urban gun violence.

"Put it in the context of everything else that happens to impact our lives in a very negative way in this country," Ridge said. "Nearly 40,000 people are going to die in automobile accidents."

Ridge, who served as the first secretary to run the fledgling Department of Homeland Security, which was created in the wake of the Sept. 11 attacks on the World Trade Center and the Pentagon 15 years ago, said counter-terrorism threats have morphed drastically in the intervening years.

"The threat surface has changed. The number of actors has increased. The profile of those actors is significantly different than it was on Sept. 10, 2001," the former secretary said.

Current DHS chief Jeh Johnson agreed that times have changed.

"First of all, what constitutes a terrorist attack versus 15 years ago has evolved significantly," Johnson said during the event. "And if you're asking how many San Bernardino- or Orlando-type attacks will we have in the year 2017, no national security, homeland security or law enforcement expert is in a position to quantify it."

The threat of Americans or people already living the United States becoming radicalized remains the most problematic profile for counter-terrorism experts to root out, Johnson said.

"People ask me: What keeps you up at night? That is thing No. 1 - the prospect of another homegrown, or home-born, violent extremist acquiring a weapon or a tool of mass violence and carrying out an attack somewhere here in the homeland," he said. "It's difficult to detect given the nature of it."

Besides aviation security efforts and the federal government's campaign to counter violent extremism, Johnson said, the "homegrown" threat makes it all the more important to remind Americans to keep an eye out for suspicious actors or people vulnerable to radicalization.

"There's a role for the public, through awareness, through vigilance," he said. "I think the public understands in a free and open democratic society you cannot eliminate all risk, whether it's a terrorist attack or a mass shooting or gang violence. We cannot end it tomorrow. We can and we should reduce it as much as possible, consistent with our values and consistent with our laws."

House Homeland Security Chairman Mike McCaul (R-Texas) said that he learned during a threat briefing this week that the number of investigations into potential homegrown terrorists was increasing.

"The number of threats, the number of investigations, the number of plots. ... The number is very sensitive, but the number is rising," McCaul said during a later discussion at the same event. "And it is primarily attributable to the power of the internet and the type of person who is vulnerable to that messaging."

Back

FCC commissioner questions Metro wireless service Back

By Margaret Harding McGill | 09/08/2016 11:05 AM EDT

FCC Commissioner Mike O'Rielly pressed WMATA in a letter Wednesday for an update on the status of wireless service throughout the D.C. Metro system, and also expressed some concerns about Metro's Wi-Fi pilot project.

Describing himself as a "not infrequent rider," the Republican commissioner asked Metro GM Paul Wiedefeld about an announcement in February that the Metro system would install hundreds of miles of coaxial cables to improve radio communications for both first responders and passengers using wireless devices. O'Rielly asked for details on what percentage of the project has been completed and the expected completion date.

O'Rielly also questioned the plan to suspend the Wi-Fi project after 45 days for evaluation. Metro announced last week it would provide free Wi-Fi service at six stations.

"Given the overall questionable state of communications capabilities within the entire system, it seems counterintuitive to cease operations of an additional mechanism that the public can use to reach emergency personnel when warranted," O'Rielly wrote.

Back

Swift Transportation CEO Jerry Moyes to Retire at Year’s End

Swift Transportation Co. Chief Executive Jerry Moyes, who over 50 years built one of the largest U.S. trucking companies, will retire at the end of the year, the company said Thursday.

Mr. Moyes, the son of a truck driver, was among the last active members of a class of trucking magnates who came to dominate the industry after it was deregulated in the early 1980s. He started his business in 1966 with a single truck, leading Swift’s expansion into a public company with a fleet of almost 20,000 trucks and $4 billion in annual revenue.

In the past year, the 72-year-old executive had come under criticism from corporate governance watchdogs and investors for pledging Swift shares worth hundreds of millions of dollars as collateral for personal loans. Swift’s board repeatedly raised limits on how much stock Mr. Moyes could borrow against, as Mr. Moyes faced margin calls amid a steep slide in Swift’s stock price. As of May, Mr. Moyes and his family had pledged 75% of their controlling stake in Swift, worth over $700 million.

Mr. Moyes will serve as co-CEO with Richard Stocking, Swift’s chief operating officer since 2010, until the end of the year. After that, Mr. Stocking will become sole CEO, while Mr. Moyes will remain a director.

Mr. Stocking joined Swift in 1992, and had been taking on increasing responsibility from Mr. Moyes since his appointment as COO, said Jason Bates, vice president of finance.

Mr. Moyes is traveling and unavailable for comment, Mr. Bates said.

Mr. Moyes’s retirement comes at a challenging time for the trucking industry. Many fleets, including Swift, expanded rapidly in recent years, only for demand to slip over the past year, depressing rates. Swift has been making adjustments to its fleet in recent months, keeping some trucks parked and shifting some to the spot market. The company reported a net income of $42.9 million in the second quarter on just over $1 billion in revenue, down nearly 16% from its earnings the same period a year earlier.

Mr. Moyes also started numerous side businesses over the years, including real estate holdings, stakes in professional sports teams and a charter airline. Some of these ventures failed during the recession; a legal dispute with the National Hockey League stemming from the 2009 bankruptcy of the Phoenix Coyotes, which Mr. Moyes co-owned at the time, was only settled this year.

Mr. Moyes’s tenure as Swift CEO wasn’t unbroken. He resigned the position in 2005 after settling insider-trading allegations with the Securities and Exchange Commission, where he didn’t admit wrongdoing. In 2007, he took Swift private in a $2.6 billion leveraged buyout, then took it public again in 2010, a move analysts say was made in part to help fund his other businesses.

Donald Broughton, an analyst at Avondale Partners, described Mr. Moyes as a “passionate salesman,” who took advantage of a wide-open freight market 30 years ago to build a trucking empire, eventually surpassed his peers.

Mr. Broughton, who said he has known Mr. Moyes for over 20 years, described the executive as detail-oriented, one of the few trucking-industry CEOs who still negotiates directly with customers, parts makers and truck dealers.

“He’s a very energetic guy,” Mr. Broughton said. “I can’t envision him sitting around somewhere gathering dust.”