Author: Amanda Hook

IMPACT OF LATEST TAX REFORM & ACCOUNTING CHANGES ON TRUCK PROCUREMENT – WHAT YOU NEED TO KNOW

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KEY PROVISIONS AND PRACTICAL IMPLICATIONS FOR CLASS-8 TRUCK FLEETS

The start of 2018 has introduced the dual challenge of requiring that finance executives deciding whether to lease or buy equipment become familiar with the new lease accounting rules and provisions of the tax reform as many of these issues are complex. It is important to analyze and understand how these changes may impact the acquisition strategy, balance sheet, financial plan, and tax strategy, and then adjust accordingly to help improve your financial performance.   Read more here.

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Trucking: Learning from the Big Apple

RedTruckTires

As NYC ups green efforts to deliver more freight, move more people, and cut greenhouse gas emissions from municipal trucks by 80% by 2035, the city is finding ways that fleets can improve business processes while reducing their environmental impact.  Read more here.

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It’s Up To Trump Whether The NAFTA Deadline Is Met, Say Canada And Mexico

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With about two weeks left until what may be the final deadline for a new NAFTA this year, Mexico and Canada are suggesting it’s up to President Donald Trump to help make one happen.  Read more here.

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Another carrier moves toward salaried driver pay structure

Another carrier has announced a move toward a base salary compensation structure for over-the-road company drivers. Washington-State-based Smokey Point Distributing, a Daseke Inc. company, says that starting June 1 it will pay qualified solo over-the-road drivers with flatbed hauling experience an annual salary of $65,000 and each qualified and experienced member of a driving team an annual salary of $75,000.  Read more here.

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Lawmakers ask FMCSA’s Martinez to grant OOIDA’s ELD exemption request

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A trio of Republican congressmen sent a letter to the leader of the Federal Motor Carrier Safety Administration calling for his support for ELD exemption for small-business trucking firms.

In a May 8 letter, U.S. Reps. Greg Gianforte, R-Mont.; Steve King, R-Iowa; and Brian Babin, R-Texas, asked FMCSA Administrator Ray Martinez to grant an exemption request filed by the Owner-Operator Independent Drivers Association. The request seeks relief from the ELD mandate on behalf of small business truckers with a proven safety record.  Read more here.

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Gov. Andrew Cuomo Proposes Additional $125 Billion for N.Y. Infrastructure

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New York Gov. Andrew Cuomo announced May 8 that an additional $125 billion will go toward infrastructure investment over the next five years.  Read more here.

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Nikola Sues Tesla for $2 Billion Over Electric Truck Design

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Nikola Corp. has sued rival Tesla Inc. for $2 billion, claiming Tesla infringed on U.S. patents Nikola received on cab design, including wrap windshield, midentry door, fuselage, fender, side cladding, and the overall design of a semi.  Read more here.

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U.S. Bank: Truck Freight Services Spending Grew 25% in 2017

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Spending on truck freight services surged nearly 25% and freight shipments grew 12.6% in 2017 as the economy expanded and the trucking industry paid more to obtain capacity and on driver compensation, according to the U.S. Bank Freight Payment Index.  Read more here.

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Trucking: FMCSA Includes ELD Violations In Revised CSA Methodology

The Federal Motor Carrier Safety Administration has updated its list of hours-of-service violations used in the Compliance, Safety, Accountability enforcement model.  Read more here.

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Trucking: Trump Push for Quick NAFTA Deal Slowed by Division on Top Issues

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President Donald Trump’s push for a quick resolution to NAFTA talks is being stymied by persistent differences among the United States, Canada and Mexico over a handful of the make-or-break issues.  Read more here.

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