As the national average for diesel fuel exceeds five dollars per gallon, President Joseph Robinette Biden Junior is calling on Congress to suspend the fuel tax for three months to help alleviate fuel prices. Details The federal fuel tax on diesel is about 24.4 cents per gallon. The money is used for the Highway Trust […]
We have talked about the potential suspension of the Federal Excise Tax (FET) before, but with the current administration, it may just become reality this time.FET DetailsThe FET was introduced in 1917 to help finance World War I. A decade later and it is still levying a 12% price increase on newer heavy-duty trucks and […]
What is equipment financing? Equipment financing is an assist-based loan type for small businesses. It was designed to aid in the purchasing of machinery and the necessary equipment needed to run your business. The loan can assist in the purchase of anything from a cargo van to commercial vehicles to other types of commercial trucks. […]
Robin Hutcheson, the next person in line to become the Administrator of the Federal Motor Carrier Safety Administration, has had her confirmation hearing before the U.S. Senate. Here are the events that transpired.DetailsThere were a multitude of topics discussed during the confirmation hearing, but perhaps none as important as the purported “driver shortage” and the […]
DAT Freight and Analytics continues to report unprecedented times: flatbed hauling is the king of the road. With May 2022, the throne has only become higher. May 2022 Numbers Dry van hauling was $2.71, an eight cent decrease from April 2022. Flatbed increased by three cents going from $3.42 to $3.45. Reefer transportation decreased eight […]
The trucking industry continues its winning streak, with another month of all-time high employment. The Bureau of Labor Statistics (BLS) has the numbers.May 2022 NumbersThe initial posting for May 2022 is 1,581,300.The revised count for April 2022 is 1,568,000. This is an increase of 3,900 jobs.March 2022’s final number is 1,554,000. From the last estimate, […]
We all knew this day would eventually come, it was just a matter of “when”, not “if”. Well, the time has finally arrived, and auction rates for used big rigs are starting to make trucks more affordable for the average fleet. J.D. Valuation Services has the numbers!May 2022 NumbersAccording to J.D. Valuation Services, no 2021 […]
In a move that Chris Spear of the American Trucking Associations (ATA) has called “a long time coming”, the House of Representatives has passed the Ocean Shipping Reform Act of 2022. Now, it heads to Joe Biden’s desk for signature.Bill DetailsThe Ocean Shipping Reform Act of 2022 hopes to stop what Chris Spear of the […]
Class 8 sales have decreased slightly in May 2022, according to Freight Transportation Research (FTR), but FTR’s vice president of commercial vehicles Don Ake says he is not concerned about the slight lull in sales. Here are the numbers, and the reasoning.May 2022 Numbers and DetailsFTR pins the number of big rig sales in May […]
In recent times the Federal Motor Carrier Safety Administration (FMCSA) has made changes to commercial driver qualification filing rules. While each individual change did not justify an article on its own, combined they add up into something larger. Here are the changes that have been made in 2022 thus far.Road Test Certificate InformationAs of March […]
The Truck and Engine Manufacturers Association (EMA) is suing the California Air Resources Board (CARB) regarding a regulation that is due to go into effect in January 2024.DetailsOn December 22nd, 2021, CARB established the Heavy-Duty Engine and Vehicle Omnibus Regulation, which places higher emission status on heavy-duty trucks sold in California. It was set to […]
It has been over a year since the Ninth Circuit has ruled in favor of California’s AB-5 law. The California Trucking Association had appealed to the United Supreme Court, and the injunction has stayed in place ever since. Could the Supreme Court hold a hearing regarding the case before its current Term ends?DetailsThere are four […]
The Commercial Vehicle Safety Alliance (CVSA) is notable for having special periods of time across the year to enforce safety in commercial big rigs. One such example is checking truck maintenance with the International Roadcheck, which passed last month. Another that they do focuses on the most dangerous component of them all, the driver behind […]
If you have been following the news at all, there is a good chance you have heard about the baby formula shortage going on in the United States. On May 18th, Joe Biden announced his plan to use the Defense Production Act to leverage governmental powers to get more baby formula produced. One such example […]
When the Federal Motor Carrier Safety Administration (FMCSA) announced changes to the COVID-19 State of Emergency within less than a month of its expiration, it raised the notion that it would be extended again. Now, we know for sure that it has.DetailsThis extension is brought to you by Robin Hutcheson, current Deputy Administrator of the […]
