Business

Tax overhaul expands bonus depreciation to used equipment

The tax overhaul enacted in December now allows so-called bonus depreciation for used truck purchases. But the law also requires buyers to expense the assets in the year they bought them, rather than taking depreciation benefits over a multi-year period.

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Used truck prices tumbled 23 percent in 2017

A tractor that sold for $75,000 Jan. 1, 2017 would have sold for $57,900 on Dec 31, 2017, according to data from J.D. Power and Associates.

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Conditions ripe for driver pay hikes as tight market, tax cuts could force carriers’ hand

The corporate tax cut in the tax reform package delivers "real money," in the words of one FTR analyst, "so it’s a real opportunity" for driver pay growth. "I’d expect drivers will say ... 'OK, corporate America, this is what you asked for. Now it’s time to give back.'"

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Spot market demand indicators drop but remain favorable for truckers

Load post counts were on the rise last week, but truck posts rose even higher after the holidays. It was the first week the van load-to-truck ratio declined since the ELD mandate went into effect. Yet the ratio was still 10.7 van loads per truck, way above what’s been historically typical, for any time of year.

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Prepass, Oregon programs now interoperable for bypass

PrePass carriers that operate in Oregon can now allow their transponders to be enrolled in and utilize Oregon’s state-operated Green Light weigh station bypass system at 21 facilities throughout the state, with a waiver of Prepass' data privacy policy.

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Partners in Business tip: Perform regular PM

Preventive maintenance ensures your truck is running efficiently. Here are a few items to regularly check.

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‘Should have planned better’ only goes so far when road realities are at play

As so many owner-operators have noted in past, "planning better" will only get you so far when it comes to ELDs, a 14-hour rule with rigid ends and little opportunity to extend it or stop it for mid-period rest. Owner-operator Mark Kirbyson, in this latest edition of Overdrive Radio, concurs wholeheartedly.

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Truck, trailer orders surge as trucking economy heats up

The bullish freight market in recent months -- and the productivity restrictions brought by the electronic logging device mandate -- have orders for new trucks and trailers surging. While those orders are a response to the tight truck market, they also indicate that freight movement will likely hold strong throughout the year, in line with forecasts that trucking capacity will be tested in the coming months. 

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‘Don’t work more for less’ is reader Tom Hall’s message on hours, ELDs

"A specialty equipment hauler once asked me just why some steel haulers will 'haul 20,000 pounds overloaded for $1 a hundred when I make as much or more money hauling 40,000-pound legal loads at $2 a hundred?'" --Tom Hall on the scrum over income, pay, ELDs, hours and more. Hall views forcing pay for all time worked as a solution to many issues.

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POLL: Less-than-upstanding dealings with freight brokers: What have you experienced most?

From a meager truck-ordered-not-used payment after a conveniently "cancelled" load to late payment, no payment and having to file on a bond for hopes of payment, name your most-often-experienced frustration when dealing with freight brokers.

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