Comments Off on Future Wars: Hydrogen vs. Electric Semi-Trucks
A battle is looming on the horizon of the trucking industry. This future war has high stakes and promises to change trucking forever. Within the next 3 years’ competitors will vie for the right to put diesel-free trucks on the road. Nikola Motor Company and Tesla have both revealed their perceived future for trucking in the form of Hydrogen Fuel Cells (Nikola) and Electric Battery Powered (Tesla). Both these units ambitiously aim to replace diesel powered trucks in the coming years. While the results will not be known for years both offer lots of benefits and a few possible negatives.
Nikola Motors Hydrogen Fuel Powered Semi-Truck
Nikola Motor Company’s Nikola One (Sleeper) and Nikola Two (Day Cab) both have estimated release dates of early 2020. Hydrogen fuel cells fully power Nikola trucks, eliminating diesel dependency forever. Nikola Trucks claim double fuel efficiency from the standard 7.5 MPG (diesel) to 15.4 MPG of Hydrogen Fuel. Additionally, [...]
Comments Off on 4 Things to Look for in A Used Tractor Trailer
Purchasing a truck is a significant investment that if you’re not careful, can eat up your entire profit. But by being an owner operator, your truck is going to be your livelihood so getting a good truck is going to be important. The next decision will be deciding whether to purchase a new or used truck. Purchasing a used truck provides many advantages, the most obvious being that the cost could be substantially lower. Another advantage is that more owner operators have been purchasing used trucks compared to buying a new one, especially for a first-time buyer. With newer trucks, it is commonly known that after you drive off the lot, it automatically depreciates in value around 20%-40%.
However, if you are not careful, purchasing a used truck can mean that you are buying more risk than opportunity. One of the major disadvantages of purchasing a used truck is that used vehicles are most likely [...]
Comments Off on The Benefits of Using A Tax & Accounting Service
As a fleet manager, there’s generally a lot on your plate. Not only do you have to keep up with the state of your vehicles and the performance of your drivers, you will also need to manage the business aspects of owning a trucking company. With owning your own business, the tax and accounting aspect is extremely important. This often involves complex tax and accounting tasks. If you’re weighing the cost of professional financial services against their potential benefits, we have some information that will help.
As an owner operator, a lot of the decisions that need to be made are ones that only you can make and tasks only you can perform. Tax preparation and accounting is something you can delegate. Business taxpayers spend an estimated 24 hours preparing each tax return. In [...]
Unfortunately, accidents are extremely common for truck drivers while they are out on the road. If you are a trucking company, preventing accidents and encouraging your drivers to be safe on the road should be your number one priority. As summer is winding down and cold weather is quickly approaching, taking the proper steps to make sure your drivers are staying alert and vigilant while driving is important. Implementing a safety program cannot only protect your company’s bottom line but encourage safe driving among your drivers and employees.
Driving a truck is an extremely dangerous profession. Tractor-trailers are about 20-30 times larger than most cars and trucks on the road and because of the dramatic increase in size, this can cause roads to become unsafe especially in dangerous weather. “Motor vehicle crashes cost employers $60 billion annually in medical care, legal expenses, property damage, and lost productivity. They drive up the cost of benefits such [...]
Here at Quality Companies, we would like to take this time to express our utmost appreciation and gratitude to each and every professional truck driver. We appreciate the sacrifices you make in order to perform your job to the best of your ability. Your dedication, time, and personal commitment doesn’t go unnoticed or unappreciated. We cannot thank you enough for everything you do and we are excited to share this week celebrating you.
As a driver, we applaud you for your dedication and hard work in an ever-changing and extremely challenging industry. “National Truck Driver Appreciation Week is an opportunity for Americans to show our gratitude to the core of the economy, our professional truck drivers, and to set aside this week for them as they have earned it through their hard work and commitment to the industry,” said ATA Chairman, Kevin Burch, President of Jet Express, Inc.
Many trucking companies allow drivers to take pets along for rides with them, with deposits or flat-fee structures. If your company currently allows this, learn how to leverage this perk to your benefit while finding new recruits. If your company currently allows this, learn how to leverage this perk to your benefit while finding new recruits. If your company doesn’t allow pets, consider these reasons to make a policy change. This post will discuss the benefits of pets and trucking, such as keeping drivers awake, alert, and happy on long, lonely drives. It will also help companies learn how to implement this policy in an easy, safe, and effective manner.
If you are a driver and are on the road a lot, it can be hard being away from family. Bringing a dog on the road will not only relieve stress but can give the driver a piece of home they may be missing. There [...]
Comments Off on Tax Information Owner Operators Should Record
Owner operators can take advantage of many tax deductions every year. However, you need more than a guesstimate to avoid scrutiny from the IRS. Consider keeping a tax-related file on all potential deductions and expenses to refer to each tax season. The more information you can verify, the more you can take advantage of tax benefits. Although it seems like tax season just ended, it is never too early to start preparing for next year’s tax season. This post will offer organizational tips drivers can use to keep track of fuel, maintenance, and other operating expenses.
Tax season always seems to approach quickly, so it is never too early to make sure that you are prepared. For owner operators, tax preparation is generally different than for traditional small businesses. This can include everything from what counts as tax deductible to the specific requirements you must follow when filing your taxes.
Comments Off on ELD Mandate Update: Why You Shouldn’t Wait
There is a lot of buzz going around the transportation industry about the upcoming Electronic Log Device (ELD) mandate. The mandate was first published by the Federal Motor Carrier Safety Administration (FMCSA) in December of 2015, and is set to go into effect on December 18, 2017. Most people in the business have at least heard the basics of the mandate – that an electronic device will now be required to record Hours of Service (HOS), and that this electronic device will soon be mandatory. Unfortunately, there is also a lot of partial and misinformation floating around. And of that misinformation, perhaps the most widely-spread is that carriers don’t need to worry about switching their fleet over to ELDs until the December deadline. As with any major change, planning ahead is key to a smooth transition. The more planning that you put into the ELD switch, the less-stressful the change will be.
We’ve reached mid-April and that only means one thing for the trucking industry: truck show season is upon us in full-swing. This month, we are excited to announce that we will be attending two different shows! Check out our schedule below – if you’re heading out to one of these shows, make sure to stop boy our booth and say hello!
Indiana Motor Truck Association Spring Transport Summit (IMTA)
April 24th-25th at the Crowne Plaza Indianapolis Downtown Union Station in Indianapolis, IN
Booth will be in the Exhibitor Alcove
The IMTA is a resource for members to share efficiencies and work together to navigate the ever-changing regulatory issues facing the trucking industry. The IMTA provides free consultation for carriers, safety programs, distracted driving education, and special services and benefits for their members. We will have two representatives attending IMTA, to help with all of your equipment and insurance needs. Quality Companies attendees include:
Comments Off on ELD Compliance: Are You Following the Law?
The Federal Motor Carrier Safety Administration (FMSCA) published new information and additional guidance on ELD compliance last month. The website’s FAQ page now clarifies that carriers using automatic onboard recording devices can transfer their AOBRDs to a new truck and remain compliant with the ELD mandate, as long as the truck replaces another within the fleet.
While the ELD mandate goes into effect Dec. 18, 2017, this “grandfather” rule allows carriers using AOBRDs to continue to do so for two additional years, until Dec. 16, 2019. At that time, all fleets with AOBRDs will be required to switch over to ELDs. If the carrier adds vehicles to their fleet in the meantime and chooses not to replace an old truck with the new one, the new vehicle would be required to have an ELD.