Business

FMCSA issues guidance on ELD compliance extensions, non-compliant devices

Two new guidelines from FMCSA on ELDs: Older devices that buy carriers' time but aren't long-term compliance options for the mandate can be transferred to a new truck and operators will have eight days to deploy a compliant device if their ELD is found to be non-compliant.

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Lawsuit encompassing up to 80,000 truckers to proceed after state Supreme Court ruling

A ruling by the Arizona Supreme Court allows the 80,000-member class to pursue allegations that the carrier shorted them wages by paying for shortest distance miles rather than actual miles driven.

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Amazon looking to recruit small carriers this week in Nashville

Amazon logistics representatives will be on site Wednesday and Thursday (Feb. 22 and 23) at the Rush Truck Center outside Nashville, looking to recruit small regional Class 8 carriers interested in working with Amazon.

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Partners in Business tip: Remember the warranty during truck loan negotiations

When you are negotiating for a truck loan, make sure your dealership is able to service your truck and that warranty work and downtime will have the least possible effect on your driving time and miles. Get warranty agreements in writing and make sure you understand them.

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Reefer rates follow van to winter lows, particularly out West

With last week's spot market update, it looked like van rate averages on many lanes might have been near the bottom for this slow season. It’s looking that way for reefer rates now, and spot market volumes have been relatively constant in the segment.

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Penske settles with drivers in case over unpaid meal and rest breaks

Penske will pay 344 current and former drivers $15,000 each to settle the now 8-year-old case. The case produced a landmark ruling in 2014 regarding state-level laws regarding drivers' pay and breaks, prompting concern from carriers about the potential for similar lawsuits.

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DAT, TransVix partner to offer rate futures for spot market

The Trucking Futures Exchange will allow carriers, shippers and brokers to buy and sell rates futures, leveraging DAT's data on lanes and pricing. TransVix says it wants to address volatility in spot market rates and capacity, where it says spot rates can swing by as much as 40 percent in a week on some lanes.

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Alert to DOT: Industry shows unity against safety-rating change in light of CSA’s problems

A recent letter, urging DOT to scrap the Safety Fitness Determination rulemaking as premature, brings in a large variety of state and private industry associations as signatories, including ATA, OOIDA, NASTC and WSTA. The broad nature of the coalition should "indicate how seriously everyone views this issue."

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As tax time looms, owner-operators shouldn’t overlook these deductions

Here are five of the most common deductions for owner-operators, says trucker tax expert Dennis Bridges, an Atlanta-area CPA who works with about 1,000 owner-operators. Savings for these add up to $3,000 for those in the 15 percent tax bracket -- and more for those in the 25 percent bracket.

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Winter doldrums in the spot market for vans, reefers

Van rates may have hit bottom for the season, says DAT's Ken Harper. "There are reasons to be cautiously optimistic, however, for spot freight. "Volumes on the top 100 van lanes were up 2.5 percent over the previous week, and about the same month over month."

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