overdrive

Some stimulus trickle-down for trucking

The $787 billion economic stimulus doesn’t offer much for leased operators other than hopes of better roads and, with federal aid to banks, easier credit. Some tax provisions, though, can benefit carriers, including small owner-operator independents, and to a lesser extent leased operators with an extension of capital expenditures deduction. The American Trucking Associations reports that the package: • Extends bonus depreciation, allowing businesses to make a tax deduction of 50 percent of the cost of depreciable ...

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Caterpillar jobs: Two accounts

In case you missed the news from last week’s foulup about Caterpillar and the economic recovery plan, you can see and hear the remarks yourself. President Obama, visiting Caterpillar in Peoria, Ill., claimed Cat CEO Jim Owens said “that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off." Whether the president was just overeager or there was some miscommunication, Owens later set the record straight ...

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Chapter 11 for Sirius XM?

  The graph of Sirius XM Radio stock looks like a runaway truck descending a mean mountain pass. News reports today speculate the escape ramp might take the form of Chapter 11 bankruptcy filing.   CNN.Money.com reported that shares plunged again Wednesday, to 6 cents, following reports late Tuesday that the company might try bankruptcy protection to avoid a takeover by Charlie Ergen, the chairman of satellite-television provider Dish Network and set-top box maker EchoStar. The New ...

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Offering more than the other guy

Overdrive’s 2007 Trucker of the Year, two-truck fleet owner Henry Albert, knows that other independents, as well as bigger fleets, can do what he does. And in the current environment, ranking behind the competition isn’t a good idea.   “The amount of freight available is falling away at the same rate as trucking companies,” said Albert, who this week stopped for a breakfast at the T/A on I-59/20 in Tuscaloosa, Ala., where Overdrive is based. Senior ...

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