Tag Archive: "Transportation"
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National Truck Driver Appreciation Week 2023
This week we celebrate the truck drivers! September 10th-16th is National Truck Driver Appreciation Week. If you see a driver, thank them for their time and dedication. Drivers hold one of the key jobs to keeping the economy moving. They make sure freight is delivered timely, safely, and often sacrifice significant amounts of time from […]
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Excise Tax Repeal Gets Renewed Interest
Before the August recess, the Modern, Clean and Safe Trucks Act of 2023 was introduced by Senators Todd Young (R-Ind.) and Ben Cardin (D-Md.). The repeal of the federal excise tax is a key piece of the legislation. A similar version of the bill was drafted by House policymakers and both versions are with tax-writing […]
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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 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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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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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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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 […]