News

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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Michigan, Arizona prepping for interstate construction projects on I-94, I-10

Shoulder closures and some single lane closures will take place on weekdays on I-94 in Michigan February through May, followed by a construction project through fall 2019. I-10 will be closed in Arizona near Phoenix on some weekends beginning Jan. 26.

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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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Most Louisiana interstates reopened after days of shutdowns from ice storm

All Louisiana interstates are back up and running except for I-110 around Baton Rouge. I-110 southbound remains closed in its entirety between U.S. 61 and I-10, and the northbound side is closed between exit 6 and U.S. 61.

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TCA names 18 safest fleets for 2017

The fleets are now eligible for one of two grand prizes – one for carriers with a total annual mileage of less than 25 million miles, and one for carriers with more than 25 million miles per year.

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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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FMCSA fielding comments on hours changes for ag haulers, personal conveyance guidance until mid-Feb.

FMCSA has extended the comment period for its proposal to expand ag haulers' hours of service exemption, along with its proposal to slightly alter personal conveyance guidance.

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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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Pilot Flying J looks to add more stores, expand parking availability notices in 2018

Pilot Flying J intends to open 20 new locations this year and continue renovating existing stores. The company is also looking to expand its parking availability notification system, which it began testing last year on the West Coast.

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FMCSA issuing brief ELD waiver to short-term rental trucks, exempts motion picture haulers

The U.S. DOT has announced it won’t start requiring the use of electronic logging devices for short-term rental trucks, defined as 30 days or less, until March 18. Also, 6,500 drivers who haul equipment for TV and movie productions will be exempt from the ELD mandate for at least five years.

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