Proper Corporate Structure for Trucking Companies
All corporate structures begin as C-Corporations. However, this type of structure has downfalls, such as double taxation. In this blog post, we will discuss why we recommend trucking companies convert to an S-Corporation structure. S-Corporations Advantages S-Corporations have many advantages over C-Corporations, such as: S-Corps do not pay federal income tax Low or no State Tax […]
2016 International Roadcheck: How to Prepare
The Commercial Vehicle Safety Alliance’s (CVSA) 2016 International Roadcheck is less than a week away. The Commercial Vehicle Safety Alliance’s 29th annual roadcheck will take place June 7-9, 2016. During this 72-hour period, approximately 10,000 CVSA-certified local, state, provincial and federal inspectors in jurisdictions across North America perform truck and bus inspections. Here is what […]
Food Haulers to Again be Affected by May 31 Rule
The seventh and final rule of the Food Safety Modernization Act (FSMA) of 2005 is set to be published May 31st, 2016. Overview The U.S. Food and Drug Administration (FDA) filed its rule on the protection against intentional adulteration on December 20th, 2013. According to Michael Taylor, FDA’s deputy commissioner for foods and veterinary medicine, “The goal is […]
Becoming an Owner Operator: Trucking Equipment
If you read last month’s post on financial considerations of becoming an owner operator, we assume you’re now trying to figure out how to buy–or afford–trucking equipment. Purchasing trucking equipment is arguably one of the most frustrating and exciting aspects of becoming an owner operator. Not only does one need to consider his or her financials […]
CVSA Focusing on Tire Safety in 2016
Since its inception in 1988, roadside inspections conducted during the Commercial Vehicle Safety Alliance’s (CVSA) International Roadcheck have numbered more than 1.4 million. The Commercial Vehicle Safety Alliance’s 29th annual roadcheck will take place June 7-9, 2016. During this 72-hour period, approximately 10,000 CVSA-certified local, state, provincial and federal inspectors in jurisdictions across North America […]
“Don’t Be That Driver.” | National Work Zone Awareness Week
In 2014, 669 deaths occurred in roadway work zones. Today is the first day of National Work Zone Awareness Week (April 11-15). This week is held to bring national attention to motorist and worker safety in work zones. The initiative began in 1999, and this year’s theme is “Don’t Be That Driver.” According to the […]
5 Factors Impacting Your Trucking Insurance Premium
Background On March 1, 2016, WRAL Investigates reported that North Carolina Insurance Commissioner, Wayne Goodwin, is pressing state lawmakers to tighten regulations over commercial vehicle insurance. His reason being, out-of-state trucking companies claiming in-state residency to obtain North Carolina’s lower insurance rates. In fact, NC boasts some of the lowest vehicle insurance rates in the country— causing problems […]
Food Haulers Directly Affected by Next FSMA Rule
Food Safety Modernization Act (FSMA) Overview Congress passed the FSMA in December 2010, and it was signed into law by President Obama in January 2011. The law increased the U.S. Food and Drug Administration’s (FDA) power by allowing the FDA to focus on preventing food safety problems rather than simply responding to them. Final Rule Timeline To […]
I-35E HOV Lane Laws Cause Concern Among Truckers
On January 4th, Minnesota’s I-35E HOV lanes opened to traffic. Unlike most cities, tractor-trailers can use the lanes as long as two people are visible in the cab. The required visibility of two individuals worried team truck drivers since the two alternate between driving and sleeping, meaning only one driver would typically be visible in the cab since […]