




Industry Update - March 1, 2019 <h4>By Jeremy Feucht</h4>
<h3></h3>
<h3><strong><u>Did you Know?</u></strong></h3>
An engine in a semi is designed to run 24/7 for 1,000,000 miles before needing to be completely rebuilt.
<h3></h3>
<h3><strong><u>Trucking tip of the Week</u></strong></h3>
In the cold weather, increasing the air pressure in your tires is a good idea. This helps ensure that cold air does not affect the safety of your tires. In cold weather, air molecules huddle together thus reducing pressure. Be careful though not to over inflate your tires as it makes for an incredibly rough ride and reduces your control over the vehicle.
<h3></h3>
<h3><strong><u>Weather</u></strong></h3>
Good portions of the west and mid-west saw record breaking snow fall for the month of February. This snow fall shut down portions of highways through Washington, Oregon and Idaho in particular. However, these states have not called for Declarations of Emergency because it only affects a portion of the state. Montana, North Dakota, South Dakota, Minnesota and Wisconsin, however, have all declared a <a href="https://www.fmcsa.dot.gov/emergency-declarations">State of Emergency</a> due to a lack of fuel, heating oil and propane for its citizens because of the continued poor weather across their entire state. Propane carriers are usually exempted from hours of service rules this time of year anyway, but fuel haulers will now be granted this exemption until the middle of March.
<h3></h3>
<h3><strong><u>Legislation</u></strong></h3>
The age restriction for interstate driving may change 21 to 18. In a rare move of bipartisanship in both the US House and US Senate, a piece of legislation called the “<a href="https://www.young.senate.gov/imo/media/doc/DRIVE-Safe%20Act%20FINAL%20Draft.pdf">DRIVE Safe Act</a>” looks like it will be pushed through. The act itself does not simply opening the doors for those that are 18 to immediately go long haul, but that does not make it any less controversial. While it is endorsed heavily by the ATA to slow the increasing driver shortage, it still allows younger people, with significantly less driving experience, to drive dangerous vehicles. The legislation would require those under 21 to log significant hours both on duty and behind the wheel as an apprentice before being able to do so on their own. This is the same bill that was introduced in March of last year but has more backing this go around.
<h3></h3>
<h3><strong><u>I</u></strong><strong><u>ntermodal and Trucking at Odds</u></strong></h3>
Lobbyists for the intermodal transportation entities had a chance to have their voices heard this week in DC. Looking to head off the desire for bigger and heavier trucks hitting the roadways, rail and waterway experts were called upon for a <a href="http://www.landlinemag.com/Story.aspx?StoryID=73829#.XHl43vZFw2x">hearing with the US Senate Transportation and Safety subcommittee</a>. Members of the Senate subcommittee though did press back on some of the strategies that ocean liners are beginning to practice using such as “street turns.” A street turn is using the empty container that was picked up at port and using it to haul a load back towards, or even back to, the port.
2290 Form [h2]2290 Form and EINs: Everything You Need to Know[/h2]
[p]The Heavy Vehicle Use tax season is coming right at us at full speed! You can try to jump out of the way, but you’ll still need to file your 2290 Form by the August 31 deadline. Don’t let the deadline run you over. Be prepared and file as soon as possible to avoid having your form rejected. Part of being prepared involves knowing that you’re required to have an EIN to file. [/p]
[h2] What to Remember About Your EIN [/h2]
[p] Your EIN (Employer Identification Number) is also known as the Federal Tax Identification Number and the Federal Employer Identification Number or FEIN. EINs are assigned to businesses operating in the United States in order to identify them for tax reporting purposes. Each EIN consists of a unique 9 digit number.[/p]
[p]This is important because you are required by the IRS to have an EIN to complete your 2290. They need it to identify you to correctly verify that you’re filing for yourself and to prevent fraud. [/p]
[p]There may be some confusion when it comes to EINs and Social Security Numbers (SSN) because they’re both 9 digit identification codes. However, EINs are used to identify businesses, and social security numbers are used to identify individuals. Also, the IRS used to accept SSNs in place of EINs on 2290 Form, but that is no longer the case. If you use your SSN in the EIN field your form will be rejected. [/p]
[p]Plus, when it comes to the information on your 2290 Form such as your business name and address, it will need to match what the IRS has on file or it could be rejected. You can see if your information matches what the IRS has on file by contacting the IRS directly at 800- 829-4933. [/p]
[p]If you don’t have an EIN you can <a href="https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online"> apply online for free with the IRS</a>. Once you finish applying you will instantly receive your 9 digit EIN, but please keep in mind that it will take about 15 days for your EIN to update in the IRS’s system and your 2290 Form could be rejected during this time. [/p]
[p]Each EIN is is a unique code that never expires. However, as a sole proprietor you may need a new EIN if you’re subject to a bankruptcy proceeding, you incorporate, you take in new partners and operate as a partnership, or you purchase or inherit an existing business. [/p]
[h2]How To File Your 2290 Form?[/h2]
[p]Why wait when you can go ahead and knock out your 2290 Form today? Go ahead and file online with ExpressTruckTax or the ExpressTruckTax App now. Simply follow the step-by-step filing guide to instantly complete your form. As a result, your Form 2290 will be transmitted directly to the IRS and you'll get your stamped Schedule 1 in about 15 minutes.[/p]
[p]You can also call TSNAmerica at 803-386-0320 to file your 2290 Form today over the phone. Simply give them a call and an outstanding US-based representative will file your 2290 for you! It’s that easy. Plus, you will instantly get a copy of your stamped Schedule 1 via email.[/p]
[h2] Need Help With Your 2290 Form? [/h2]
[p]The outstanding <a href="https://www.expresstrucktax.com/">ExpressTruckTax team</a> can help. Call them with any questions you may have at 704-234-6005 Monday - Friday from 9 a.m. - 6 p.m. EST. You can also reach them via live chat or through <a href="http://support@expresstrucktax.com">24/7 email support</a>.
Trucking Industry Update February 22, 2019 <h3>Trucking Industry Update February 22, 2019</h3>
<h4>By Jeremy Feucht</h4>
<h2><strong><u>Did you Know?</u></strong></h2>
We all know that trucking carries roughly 73% of all goods shipped in the US, but did you know that 94% of all hazardous material moved in the US is shipped via truck?
<h2><strong><u>Trucking tip of the Week</u></strong></h2>
Trip planning is essential. If it is a lane you have never driven before, planning becomes all that more imperative. When you leave could mean the difference between hitting traffic in a big city or not. Many areas have low bridges that semis cannot fit under. You need to know how to get around those. Knowing the best places to fill up with fuel and where scales are so you are filling up after leaving a scale. Filling up after leaving a scale can help you stay weight compliant yet have a full tank of fuel. Plenty of things to think about when planning your trip.
<h2><strong><u>Driver’s Pay</u></strong></h2>
There are signs that companies may be changing the way they pay their drivers. For the Owner-Operator, that could be a good sign. As companies increase the pay for their drivers in hopes of stabilizing retention rates, fewer and fewer drivers will attempt the owner-operator method. This means more loads on the spot market for them to find. <a href="https://www.joc.com/trucking-logistics/labor/new-truck-driver-pay-model-aimed-capacity-retention_20190220.html">Companies are looking into salaries</a>, amongst other ways to pay their drivers. Wages will be dependent upon their track record and in some cases tenure within the company.
<h2><strong><u>Technology in Trucking</u></strong></h2>
Companies are doing many different things to ensure the quality of the driver they are putting behind the wheel. Instead of waiting on the government to figure out what should be the minimum amount of training needed before driving, <a href="https://www.beaumontenterprise.com/technology/businessinsider/article/America-s-fifth-largest-trucking-company-has-a-13630774.php">Xpress, the fifth largest carrier company in the US</a>, sought out advice from its own drivers. Moving away from the classroom type setting, Xpress is creating a technology-based, self-paced learning regiment. On top of that, they have created a virtual reality simulator that their prospective drivers must pass long before getting behind the wheel of an actual truck. Could this be the wave of the future?
<h2><strong><u>Toll Roads</u></strong></h2>
Much like Virginia did a few weeks back, Connecticut is moving away from an idea of placing a heavy burden on truckers moving through their state. The governor, Ned Lamont, had sought to <a href="https://cdllife.com/2019/governor-flip-flops-away-from-truck-only-toll-promise/">create Truck only toll roads in the state of Connecticut</a>. Due to legal issues, he has backed off that idea. Instead, he is looking at creating toll roads across the entire state for all vehicles. The chances of this happening are slim because people, while naïve to the plight of the trucker and they tend not to worry about things that indirectly affect them, will not be in support of something that adds a more direct burden on themselves.