Posted Feb 23 2015 7:45 PM by
In their presentations at the Trucking Owners Business Roundtable held recently at Katz, Sapper & Miller, Bryan Merolla, senior analyst at the Cleveland Research Company, and Thom Albrecht, managing director at BB&T Capital Markets, discussed the 2015 economic forecast and trends in the transportation industry.
Posted Feb 2 2015 7:47 PM by
The Indiana Department of Revenue recently announced changes to its policy regarding the sales tax exemption for companies engaged in public transportation. The policy change was announced via an updated Information Bulletin #12, effective December 2014. Information Bulletin #12 serves as an important policy document for transportation companies ranging from traditional motor carriers to captive companies that transport primarily for their parent companies.
Posted Oct 28 2014 9:13 PM by
The national average price for a gallon of diesel fell to $3.64, the lowest since February 2011. Fuel is the single largest expense for truckers, who’ve seen the average cost per mile increase each year since 2010, based on the results of the American Transportation Research Institute’s report, An Analysis of Operational Costs of Trucking. In an industry with continued tight capacity and a driver shortage, this could mean great things for companies that can successfully seat their fleet.
Posted Oct 21 2014 8:35 PM by
Seating trucks with quality drivers continues to be one of the biggest problems for most trucking companies. The industry continues to experience a driver shortage, anywhere from 25,000 – 35,000 drivers depending on where you look. Truckload Carriers Association chairman Shepard Dunn spoke recently on the topic at the American Trucking Associations annual Management Conference.
Posted Oct 14 2014 6:01 PM by
The American Transportation Research Institute (ATRI) recently released the 2013 update of their report, An Analysis of Operational Costs of Trucking. The average marginal cost per mile (CPM) increased 2.5% to $1.67 during 2013.
Posted Sep 29 2014 7:22 PM by
The results from the inaugural Katz, Sapper & Miller (KSM) and McLeod Software (McLeod) trucking industry benchmarking survey are now available. The survey was designed to answer the vital need in the trucking industry for solid and comprehensive benchmarking data. The value of extensive and expertly-analyzed data on the business practices common to a particular industry is well-established, yet the freight transportation industry lags behind other major industries in achieving this milestone. KSM and McLeod have begun the work of collecting and analyzing data from trucking companies, and this report offers the first look at the information that can be gained from this process.
Posted Jun 17 2014 4:53 PM by
Tim Almack, partner in charge of Katz, Sapper & Miller’s Transportation Services Group, discusses the KSM & McLeod Software Operations Performance Benchmarking Project, which aims to provide an operations level benchmark for the trucking industry. The deadline for submissions to be included in the benchmark report is July 1.
Posted Feb 25 2014 3:06 PM by
On Jan. 17, 2014, the Internal Revenue Service released a public memorandum clarifying the federal excise tax (FET) rules regarding glider kits. Previously, vehicles used as glider kits were exempt from FET if the cost of the transaction was 75% or less of the price of a comparable vehicle.
Posted Aug 22 2013 3:40 PM by
Troy Hogan, a director in Katz, Sapper & Miller’s Transportation Services Group, attended the 2013 Michigan Trucking Association’s Conference & Annual Meeting in Traverse City, Michigan on August 8 and 9. Approximately 36 carrier and allied member companies were represented at the conference.
Posted Jul 10 2013 1:27 PM by
The July 4th holiday has come and gone once again, which means many Americans are back to work after what was likely an extended holiday weekend. This is especially true for every truck driver across the country. As of July 1, the U.S. Court of Appeals had yet to rule on a lawsuit against the Federal Motor Carrier Safety Administration's hours of service rule, meaning drivers must now include two periods from 1 a.m. to 5 a.m. before they can start a new work week.