Knowledgeable truckers know how to use Section 179 of the tax code to get a discount on their latest additions to their fleet. In this article we will go over things you should know about this trick for your truck, though understand that we are not tax lawyers.What is Section 179?Section 179 allows a business […]
One of the less talked about obstacles for having trucks across the nation become fully electric is the strain on the power grid. Here in TopMark Funding’s home state of California, emergency declarations were put in place during a heatwave, asking citizens to not charge their electric cars because of the strain. This begs the […]
While the State of Emergency regarding hours-of-service and COVID-19 has been extended only forty-five days, its sister declaration regarding the handling of Commercial Learner’s Permits (CPLs) has been extended the typical ninety days.DetailsUnder normal circumstances, a CLP driver needs to have a driver with a CDL riding shotgun for the duration of training. With coronavirus […]
“Women are significantly underrepresented in the trucking industry, holding only 24 percent of all transportation jobs,” FMCSA Deputy Administrator Robin Hutcheson once said in a statement. The Biden-Harris administration is interested in making the industry more representative of the population as a whole, and is founding the Women of Trucking Advisory Board (WOTAB).DetailsWOTAB’s inaugural committee […]
It is that time of year again. Do you love telling people your opinion? If you do, the American Transportation Research Institute (ATRI) wants to know what your greatest priorities are regarding current trends within the trucking industry.DetailsThe survey can be found on the ATRI’s survey webpage. For its methodology, the survey gives you twenty-eight […]
The trucking industry is always changing, and the research organizations are always revising their numbers. As such, we wanted to give you an update not only for July’s sales numbers, but also a change to what happened in June. June Numbers Increase In a previous article we reported that trailer sales for June 2022 were […]
What’s New?According to the Energy Information Administration, data report released on Sept. 12, diesel fuel dropped 5.1 cents to $5.033 a gallon.The price of diesel fuel jumped on Aug. 29 to $5.115 after being below $5 for nine weeks.Diesel Gas September PredictionsAccording to EIA, based on their Short-Term Energy Outlook Sept. 1 update, EIA is […]
What’s New?The Department of Transportation is giving $513.2 million to 30 states as part of their Emergency Relief Program. The goal of the program is to provide relief to communities after extreme weather and wildfires.“From recent hurricanes that struck the Gulf Coast, to wildfires in California and floods and mudslides in numerous states, we must address […]
July 2022 was, as expected, a relatively weak month for truck sales. As such, it is hardly a surprise that the truck sales for August were significantly higher. FTR has the numbers.August 2022 Truck SalesFTR places their estimate for August 2022 truck sales at 21,400, which is an increase of about double what it was […]
The day has finally come.The federal district court that initially placed the injunction against California Assembly Bill 5 for trucking, at the behest of the Ninth Circuit Court of Appeals, has removed that injunction as of August 29th. The California Trucking Association is not giving up!Timeline of EventsCalifornia’s Assembly Bill 5 became law at the […]
In a period of excessive inflation, this news is sure to bring a smile to any fleet owner’s face.The Federal Motor Carrier Safety Administration announced via the Federal Register that it would reduce the United Carrier Registration fees by an average of 31% for 2023 and beyond.DetailsThe price cuts are as follows:0-2 vehicles: $59 to […]
We have written about railroad strikes before, but we have not yet discussed in detail to what extent it would impact the trucking industry. Chris Spear of the American Trucking Associations (ATA) has an idea of what it would be. Details Trucking and railroad are invariably intertwined: oftentimes a railroad will cover the majority of […]
The trucking industry continues to roll on, with more drivers on the road than ever. The Bureau of Labor Statistics has posted updates. August 2022 Employment Numbers The first preliminary numbers for August 2022 pins the count at 1,595,500. July 2022’s second preliminary pegs the number at 1,594,700. This is a decrease of 300 from […]
What’s New?On Aug. 29, the EIA reported diesel fuel increased by 20.6 cents, ending the nine-week long streak of decline in fuel costs. This increase puts the national average over $5 per gallon.From June 27, after reaching a record high of $5.810, to Aug. 8, diesel prices declined about 10 cents per week, totaling a […]
The United States is suffering from a water distribution problem this summer: while the west coast cannot get enough water, the east coast is experiencing torrential downpour. As of the start of September seven states are undergoing States of Emergencies regarding water, be it a dearth or an abundance.AlaskaAlaska is the largest state in the […]
On July 15, President Joe Biden blocked a freight railroad strike in Omaha, Nebraska. This strike would disrupt the already fragile supply chain by delaying the shipment of goods for at least 60 days.The appointed Presidential Emergency Board gave the 12 unions involved a 124-page report outlining the terms they suggest.Both sides have 30 days […]
We were hoping on August 31st, the last day of the previous extension, that it would be the last. In the final hours, however, the Federal Motor Carrier Safety Administration has extended the Declaration another 45 days. This is the first time that the regulatory body has extended it by this period of time, usually […]
BackgroundOn July 15, President Joe Biden blocked a freight railroad strike in Omaha, Nebraska. This strike would disrupt the fragile supply chain by delaying the shipment of goods for at least 60 days.To combat this, President Biden appointed a board of arbitrators, the Presidential Emergency Board, to help the dispute with contract building and negotiation […]
House Bill 479 aims to increase fines for truck drivers who park in residential parking, increasing fines up to $2,000. Currently, the bill is waiting on action from Delaware Gov. John Carney after it went through the General Assembly unopposed. “Staff from the governor’s office usually reach out to the chief clerk of the House […]
The temperature across the nation is not the only thing that is white-hot right now, freight rates have been experiencing similar extremes these last handful of months. Like the weather of the year, it appears that the rates are starting to cool down.August 2022 Freight RatesDry van decreased eleven cents to $2.53 per mile.Flatbed decreased […]
What’s New?Aug. 30 – Gas prices have fallen for 70 days consecutively. This is the second longest decline in gas prices since January 2015, falling for 117 days.According to AAA, gas prices are averaging about $3.892 per gallon after reaching a record high of $5.016 per gallon in June.Diesel Gas 2023 PredictionsEIA forecasts global liquid […]
Facemasks. Social distancing. Lockdowns. The list of the ramifications that this tiny crown-headed virus has caused the world is extensive. However, it forcing the world to become significantly more technological may work in the trucking industry’s favor. My Kingdom for a Spot If you have driven a truck for longer than a week, you understand […]
