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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. […]
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Travel Far with the Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is an underutilized resource within the transportation industry. It allows employers to reduce their federal tax liability by up to $9,600 per eligible employee when they hire people from targeted categories and employ them for at least 120 hours in their first year of employment.
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Cash is Power – Are you Putting Yours to Use?
Gone are the days of having cash and other liquid investments on our balance sheets earning a fraction of a percentage point. As many of our readers are experiencing, and an observation we’re noticing with the majority of our clients, is that cash reserves in transportation & logistics businesses are at an all time high. […]
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Push to Repeal Federal Excise Tax
Over the last few years, there has been a lot of industry-led attempts to repeal the 12% federal excise tax (FET) on heavy-duty trucks. Last week, there was another push from the American Truck Dealers, American Trucking Association, and Zero Emission Transportation Association as they sent a letter to congressional leadership. The FET was originally […]
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Changes to the FMCSA SMS system?
Back in 2018, the FMCSA released a report indicating how they planned to reform the current Compliance, Safety, Accountability program (CSA). Last week they finally announced some proposed changes to the system for the public to weigh in on. Here are some of the proposed changes: FMCSA also created a new website, Compliance Safety Accountability […]
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Tougher Emissions Standards on the Horizon
The U.S. Environmental Protection Agency (EPA) published a new rule recently which places tougher emissions standards on heavy-duty engines and vehicles starting with model year 2027. The move was part of the EPA’s larger Clean Truck Plan and a step towards a goal of reducing nitrogen oxides (NOx) by nearly 50% by 2045. At a […]
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Proposed House Bill Offers Recruiting and Retention for Truck Drivers
A couple of weeks ago, House Representatives Dusty Johnson (R-SD) and Jim Costa (D-CA) introduced the Safer Highways and Increased Performance for Interstate Trucking (SHIP IT) Act. Johnson and Costa say the proposed bill will: ATRI’s annual top 10 list has listed the driver shortage for as long as I can remember. Maybe providing a […]
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FTC Moves to Ban Non-Compete Agreements
A recent proposal from the FTC (Federal Trade Commission) would effectively ban the use of non-compete agreements by employers. Non-competes typically restrict employees from going to competitors for a certain time period or within a geographical area. Employers have typically used non-competes to help protect confidential information, trade secrets and customer lists. Currently, regulations on […]
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Trailer Side Underride Guards May be One Step Closer to Reality
The Department of Transportation (DOT) recently sent a proposed rule to the Whitehouse Office of Management and Budget (OMB) to consider requirements for side underride guards on trailers and semitrailers. Obviously the potential benefit being the reduction of crashes involving a vehicle going beneath a trailer, which can be catastrophic. This topic may sound familiar […]
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Section 174 Rule Changes
Section 174 expense, otherwise known as research and experimental (R&E) expenses have some rule changes for 2022 tax years. When you think of companies with R&E expenses, the transportation industry doesn’t first come to mind. Typically, you think about manufacturing or technology companies. However, in the last handful of years, transportation companies been creating a […]
