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Entries by Zee Malik

How the New Revenue Recognition Standard Will Impact the Transportation Industry

Posted 5:04 PM by
Under current revenue recognition standards, transportation companies generally recognize revenue upon delivery of freight to the customer. Related transportation and delivery expenses directly associated with the shipments are recorded once the revenue is recognized. This revenue recognition methodology will change with the adoption of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606). Topic 606 is effective for public companies for periods beginning after Dec. 15, 2017 and for non-public companies for periods beginning after Dec. 15, 2018. Early adoption is permitted.
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Driver Recruitment and Retention: The Key to Carrier Profitability in 2018

Posted 1:00 PM by
“Drivers Needed.” This sign is common on many trucks that pass by on our nation’s highways. Why are trucking companies using their vehicles to advertise a shortage of drivers? The answer is simple. Spot rates are rising, loads need to be picked up, and trucks are ready to haul the goods. But carriers are in dire need of reliable drivers to perform these tasks.
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How Contractors Use Joint Ventures to Land the Big Projects

Posted 12:22 PM by
The continued growth or success of a construction company may hinge on obtaining a large contract. In some cases, a company may not procure that contract itself due to bonding constraints, a lack of skilled labor, or simply some other resource or perceived specialty is nonexistent. 
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