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Transportation Profit Down, Tax Liability Up?
We keep hearing the economy is down, worries of a recession, high inflation, etc. This post isn’t about that. Challenges face the transportation industry after many companies had successive great years. You might be reviewing your financials this year and see a smaller number on the bottom line. Now that we are nearing the end […]
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Proposed Rule Released for Automatic Emergency Braking on Heavy Vehicles
In late June, a proposed rule was jointly released by the National Highway Traffic Safety Administration (NHTSA), Federal Motor Carrier Safety Administration (FMCSA), and Department of Transportation (DOT) to require automatic emergency braking on heavy vehicles with a gross vehicle weight rating greater than 10,000 pounds. In addition, the proposal also includes an amendment to […]
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The Cost to Maintain a Fleet is Increasing
While this doesn’t come as a complete shock given where the economy and inflation still is, a recent study by the American Trucking Assocation’s Technology & Maintenance Council and Decisive Inc. showed a year over year increase of 8% of parts and labor expense when comparing the first quarter of 2023 to the first quarter […]
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The Potential of AI and Machine Learning
Authored by Troy Hollings and Brandon Knight. It times like these in the transportation and logistics industry that we really begin to look for opportunities to reduce our costs. Times when rates and demand are down, and we begin to look at our people, processes, and technologies for things that will directly impact the bottom […]
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Have We Been Experiencing a Freight Recession?
While many experts have argued we haven’t been in an economic recession for the last 12-18 months, the transportation space may be in a different spot. Over the last few weeks, we’ve seen results from the publicly traded motor carriers with decreased revenues, earnings, or both. There have been statements referencing a softening economy, tough […]
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Retirement Rule Changes Coming
Whether you run a business with employees or you are an employee yourself with a retirement plan, be mindful of changes coming. The $1.7 trillion federal spending bill signed into law at the end of December included the SECURE 2.0 Act of 2022. Changes include automatic enrollment provisions, enhanced catch-up contributions, and Roth requirements on […]
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California Looking to Ban the Sale of Diesel Trucks
A couple weeks ago, the California Air Resources Board (CARB) voted to ban the sale of NEW diesel semi-trucks by 2036, and to require all trucks to be zero-emissions by 2042. CARB has said that the ban is necessary to protect the environment and public health from greenhouse gas emissions. Currently, approximately 90% of all […]
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Automatic Emergency Braking Rule with the White House for Review
It’s been a discussion for many years but automatic emergency braking (AEB) is getting closer to a standardized piece of technology on heavy trucks. As a reminder, the AEB requirement and/or standardization of performance was included in the Infrastructure Investment and Jobs Act. The rule is required to be finalized by November 15, 2023. In […]
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Navigating an Uncertain Labor Market
The labor market continues to be uncertain as we enter 2023. What can companies do to maximize retention and acquisition? The trucking industry will likely see a continued slowdown in driver recruiting as demand continues to normalize in 2023. Growth positions will slow but there will still be demand for key, professional positions. Companies will […]
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A Growing Cyber Concern in Transportation
When we think transportation, we often think of people or property being moved around with big pieces of equipment. Looking deeper, transportation has become a part of the digital world. Not only do vehicles have electronic control modules but also electronic logging devices collecting mountains of data. Drivers are connected via apps and their smartphones. […]
