Truck Factoring Resources

Our Blog Resources

RecentPosts

FactorLoads Blog

ATA Supports Repeal of Truck Tax

by Admin 16. April 2012 23:21
The American Trucking Associations (ATA) earlier this month announced its support of a proposal that would repeal the 12 percent federal excise tax on large trucks.

The bi-partisan proposal, or Bill H.R. 4321, was introduced in Congress this month by Reps. Jim Gerlach, a Pennsylvania Republican, and Earl Blumenauer, an Oregon Democrat. In their proposal, the lawmakers are advocating for replacing the excise tax on large trucks with a 6.3-cent increase in the federal diesel fuel tax.

In announcing the ATA’s support of the bill, ATA CEO Bill Graves said the proposal would “not only reinforce the ailing Highway Trust Fund, but would provide a boost to U.S. manufacturing and speed adoption of environmentally friendly technologies.”

The CEO went on to say that the proposal provides, “…the kind of pro-growth, deficit-trimming legislation that lawmakers should be looking at as they seek to address our nation’s economic woes.”

Because revenues from the excise tax are paid only into the Highway Trust Fund when new trucks are purchased, the fund suffers during a bad economy during which truck sales decline, Graves explained. He says the government would have more reliable funding for highway and bridge projects by taxing fuel instead.

The ATA CEO also noted that by cutting the excise tax, the total purchase price for a new truck would decline by about $15,000, helping boost truck sales and truck manufacturing.

“Legislation like this is a win-win for the government and for the business community and should be swiftly enacted,” Graves said. 

Study Links Speed Limiters and Safety

by Admin 16. April 2012 23:19

Late last month, the Federal Motor Carrier Safety Administration (FMCSA) announced results of a study that demonstrated that by using technology to limit truck speed, accidents would be reduced and lives saved.

The study, commissioned by the FMCSA, was conducted by researchers at the American Transportation Research Institute and the Virginia Tech Transportation Institute. The resulting report noted that “multiple analyses indicated a profound safety benefit for trucks equipped with an active [speed limiter].”

The researchers said that despite complaints from critics that speed limiting technology for large trucks would make it more dangerous for other vehicles that would be traveling faster, their data clearly showed otherwise.

By limiting the top speed of commercial trucks with electronic governance equipment, researchers say on-highway deaths and crash numbers likely would be substantially reduced.

“Domain research on the potential downside of speed deviations among vehicles that could occur due to the interaction of [speed limiter]-equipped vehicles and those without [speed limiters] seems to be far outweighed by the significant safety benefits associated with a reduction in absolute speed afforded by [speed limiters],” the study said.

The study was hailed by the American Trucking Associations and others, who have been pushing for speed limiters on commercial motor vehicles for years.

The next question is what the FMCSA will do with the results and how long it might take to create legislation that will push for implementation of limiters on all large trucks.

Currently rated 1.5 by 4 people

  • Currently 1.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Tags:

Safety | American Trucker Association News | Trucking News | In the News | Safety | Trucking News

Our April Newsletter is now online!

by Admin 16. April 2012 22:35

Check out our April, 2012, newsletter online. Click here.

 

To access any of our newsletters, including our newsletter archive, visit the ABOUT FACTORLOADS section of our web site.

 

Currently rated 1.0 by 1 people

  • Currently 1/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Tags:

American Trucker Association News | Factoring Resources | FactorLoads Newsletter | Fuel | Fun Facts | In the News | Trucking News

Check out our March Newsletter!

by Admin 14. March 2012 13:46

President Support Tax Credits for LNG Trucks

by Admin 11. March 2012 10:45

When President Obama visited UPS’ liquid natural gas (LNG) fueling depot in Las Vegas late in January, he said he favors tax credits for carriers who purchase LNG-fueled trucks.

The President’s visit, just days after his State of the Union Address to the nation, furthered his discussion of using the nation’s own resources he brought up during his speech.

Noting that the use of natural gas would provide for cleaner and less costly energy, and that the nation has nearly 100 years’ worth of natural gas, he added he would favor incentives to help build the LNG fueling infrastructure on major interstates.

As reported in the February issue of Driving to Success, Navistar is already committed to building LNG-fueled trucks, and many other manufacturers say they are developing LNG trucks as well, including Peterbilt, Cummins-Westport, Freightliner and Kenworth.

The tax credit plan for LNG buyers still requires approval in Congress, but, if approved, the incentives could be as much as $64,000 per truck.  The tax credit bills are sponsored by Democrat Harry Reid in the Senate and Republican Rep. John Sullivan in the House.

ATA Praising Surface Transportation Bill

by Admin 11. March 2012 10:36

The government’s proposed plan to make good on how highway projects are delivered, and refocusing the federal highway program on issues of national interest – including freight movement – earned praise in February from the American Trucking Associations (ATA).

The surface transportation bill, put forth by U.S. House of Representative leaders and Chairman John Mica, includes safety provisions such as the creation of a drug and alcohol testing clearinghouse, and stricter driver training requirements.  It also begins the move toward establishing the first-ever crashworthiness standards for large trucks, something the ATA has always championed, said ATA President and CEO Bill Graves. 

According to the ATA, the bill is beneficial for truckers and other highway users alike.  If implemented, he said, it will bring about significant improvements in how Americans travel. 

Other issues addressed by the bill include truck productivity and hours of service rules, as well as federal truck size-and-weight reforms.  

On-Highway Diesel Prices 3-5-12

by Admin 11. March 2012 10:33
  The average price for on-highway diesel fuel in the U.S. for the week of March 5 was $4.094, up 4 cents  from the prior week and about 22 cents per gallon higher than one year ago.  The Midwest and Rocky Mountain regions were the only areas with average on-highway prices below $4/gallon. See the chart for specific, regionalized numbers. 
REGION WEEK OF March 5 DIFFERENCE FROM LAST WEEK DIFFERENCE FROM ONE YEAR AGO
East Coast 4.167 +0.033 +0.259
   New England 4.253 +0.032 +0.207
   Central Atlantic 4.243 +0.035 +0.229
   Lower Atlantic 4.094 +0.031 +0.244
Midwest 3.974 +0.060 +0.151
Gulf Coast 4.020 +0.028 +0.208
Rocky Mountain 3.986 +0.067 +0.141
West Coast 4.372 +0.046 +0.326
   West Coast less Calif. 4.275 +0.048 NA
   California 4.454 +0.044 +0.332

 

Source: U.S. Energy Information Administration

Currently rated 1.5 by 4 people

  • Currently 1.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Tags: , ,

Fuel | In the News | Trucking News

Toll Roads Eyeing All-Electronic Toll Collection Systems

by Admin 11. March 2012 10:19

A report commissioned by the Commonwealth of Pennsylvania is likely to generate interest among all states with toll roads. The report in Pennsylvania, announced earlier this month, advocates replacing the toll plazas along the 545-mile Pennsylvania Turnpike with an all-electronic toll collection system.  

The traffic toll study, drafted by two transportation consultancies -- Philadelphia-based McCormick Taylor Inc. , and Columbia, S.C.-based Wilber Smith Associates Inc. -- recommends the state replace all of its Turnpike toll plazas with overhead “gantries” to collect tolls while drivers maintain highways speeds.   Drivers with the E-ZPass electronic toll collection system in their vehicle, would have the toll deducted automatically as they passed under the gantry. Drivers without an E-ZPass or other toll collection device, would have their license plates photographed and would be sent a bill via the mail. Drivers would no longer be able to pay tolls with cash.

The hard cost savings of such an implementation would come in large part through the phasing out of human toll collectors, which the report’s authors said would provide savings of about $5 million in the first year and as much as $21 million by the tenth year of the plan’s implementation. Estimates show electronic toll collection costs about 25 cents per transaction, versus $1 per transaction for a human-based interaction. 

Those savings would offset the estimated $319 million to put the all-electronic system in place. 

The report notes other savings by instituting an all-electronic toll collection system would include air quality improvements because drivers would no longer have to idle at toll plazas.  The all-electronic system would also mean toll collections would be faster and easier for everyone.   

If the recommendations from the report’s authors actually takes place, it’s unlikely the change would be implemented in full for at least five years, according to state officials.  The news comes on the heels of a toll hike for non-E-ZPass users earlier this year.  Motorists paying with cash have been assessed an extra 10 percent over their E-ZPass-using counterparts. Other states also offer incentives such as increased cash tolls to incent drivers to use electronic toll-collection devices. In Pennsylvania, the most recent increase for cash customers mean cash customers are now paying about 17 percent more than users with E-ZPass. Because of the hikes, E-ZPass use continues to rise. 

Last year, nearly 61 percent of all tolls collected in Pennsylvania went through E-ZPass. That’s good, but not as good as some of its neighboring states. For instance, New Jersey collects more than 76 percent of tolls on the New Jersey Turnpike through E-ZPass. The more states adopt overhead toll collection system, the less time you, as drivers, will have to spend sitting in traffic jams at toll booths.

Currently rated 1.5 by 2 people

  • Currently 1.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Tags: , , ,

In the News | Safety | Trucking News

Truck Tonnage Continues Upward Growth Trend

by Admin 11. March 2012 10:15

If truck tonnage growth is a solid indicator of improvements in the freight industry, then things are definitely looking up.

The American Trucking Associations (ATA) published its seasonally adjusted index, and said truck tonnage was up by 3.6 percent for the first month of this year.  According to ATA, that marks the fourth year in a row of year-over-year growth and is a sign that things may be improving for the freight industry.

The January index numbers reached 119.4, down from the record all-time high of 124.4 in December. Even down, however, January’s tonnage index becomes the third highest month ever, according to ATA, following last December’s record-breaker, and January, 2005’s 121.5.

Bob Costello, chief economist at the ATA, says manufacturing and retail sales are helping boost industry numbers, and noted that trucking companies and shippers are reporting good numbers for February, as well.

Be the first to rate this post

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Tags: , ,

American Trucker Association News | In the News | Trucking News

America's Natural Gas Highway Moves Closer to Reality

by Admin 17. January 2012 10:13

By the end of  the year, America may have in place many stops along a “Natural Gas Highway,” according to Clean Energy Fuels Corp., of Seal Beach, Calif., which earlier this month unveiled the route plan for the first phase of 150 new liquid natural gas (LNG) fueling stations.

Clean Energy, which provides natural gas fuel for transportation in North America, has identified 98 locations and anticipates having 70 stations open by the end of this calendar year in 33 states.

            Many of the fueling stations will be co-located at Pilot-Flying J Travel Centers already serving goods movement trucking through an exclusive agreement with Pilot to build, own and operate natural gas fueling facilities at agreed-upon travel center.  Pilot-Flying J has more than 550 locations in 47 states.

            The initial segments of “America’s Natural Gas Highway,” or ANGH, include those linking San Diego-Los Angeles-Riverside-Las Vegas; the Texas Triangle (Houston-San Antonio-Dallas/Ft. Worth); Los Angeles-Dallas; Houston-Chicago; Chicago-Atlanta; and a network of stations along major highways in the mid-west region (IL, IN, OH, MO, KY, TN, KS, OK, AL) to serve the heavy trucking traffic in the area.

Scheduled for completion during 2012 and 2013, the 150 first-phase stations coincide with the expected arrival of new natural gas truck engines well suited for heavy-duty, over-the-road trucking. Engine manufacturers and original equipment truck manufacturers such as Cummins-Westport, Kenworth, Peterbilt, Navistar, Freightliner and Caterpillar are expected to have Class-8 trucks available in engine sizes allowing for varied road and driving requirements.

“We are moving quickly to build this important network in order to support the new trucks,” said Andrew J. Littlefair, Clean Energy’s President and CEO. “Already, Clean Energy has engaged over 100 shippers, private fleets and for-hire carriers that have shared their operations to qualify the economic opportunity of operating natural gas trucks, which has helped us, in turn, plan the first phase of the natural gas fueling highway.”

Littlefair noted that the ANGH stations are in addition to the station building planned for the company’s traditional markets in transit, refuse, airport/taxi/shuttle and local/regional trucking, which activity accounted for 63 station projects in 2011.

Currently priced up to $1.50 per gallon lower than diesel or gasoline (depending upon local markets), the use of natural gas fuel reduces costs significantly for vehicle and fleet owners, and reduces greenhouse gas emissions approximately 23% in medium to heavy-duty vehicles. Additionally, natural gas is a secure North American energy source with 98% of the natural gas consumed produced in the U.S. and Canada.

Currently rated 1.5 by 10 people

  • Currently 1.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Tags:

Fuel | Green trucking | Money Savers | Trucking News