President Trump signed an executive order deferring payroll taxes, but the money may have to be repaid at a later date, leaving companies wondering whether they should continue to withhold the tax or not.
As the battle for fair rates carries on, what if the solution is not government regulation, but rather the creation of a consortium that anonymizes rate data on a lane-by-lane basis for all to see?
What might a post COVID-19 world look like for financially viable carriers that have managed through the uncertainty? Nobody knows for sure, but here are some possibilities.
Trucking companies have different takes on seeking Small Business Administration loans. Some would prefer financial help go to those that most need it.
Collecting and analyzing the right metrics, including revenue per truck and maintenance expense, is part of making a trucking operation profitable.
Many indicators are pointing to a better 2020 than 2019 for the freight industry, but several challenges remain, including impacts from the coronavirus.
Jeremy Reymer, founder of DriverReach, said 90% of truck drivers applying for jobs have not registered in the Drug and Alcohol Clearinghouse, a step that is required for any driver looking for a job.
Recruiting and keeping drivers remains a difficult task for carriers, but several experts said that a strong social media approach improves both tasks.
Marten Transport and other public truckload companies could make a good stock investment if historical trends hold, says an analyst from Stephens.
