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McLeod/KSM Transportation Accounting & Finance Virtual Conference

Posted 6:15 PM by
Like many other industries, transportation has been significantly affected by the COVID-19 pandemic. From finding better ways to manage cash flow to adopting new technologies, the crisis has forced transportation companies to undergo a myriad of changes this year in order to survive. These changes greatly affect the role of financial professionals who work for transportation providers, including trucking companies or brokerage/3PL companies.
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6 Tips for Strategically Managing Transportation Brokers

Posted 8:15 PM by
In the course of our consulting practice, we review and analyze many carriers’ freight networks. This consultation includes reviewing clients’ strengths and weaknesses when it comes to managing transportation services. While every carrier we visit uses transportation brokers, most do not have a strategy for those relationships. Carrier/broker relationships are largely transactional in nature, and are typically handled at a low level in the carrier’s organization.
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On-Demand Transportation Webinar: Untangling the Paycheck Protection Program (PPP) Loan Forgiveness Application

Posted 8:15 PM by
Ever since the initial release of the Paycheck Protection Program (PPP) in early April, borrowers have been frustrated by the lack of detailed guidance about the program’s parameters. Although the Small Business Administration (SBA) has shared minimal updates over the last month, authoritative guidance clarifying critical definitions and providing much-needed direction has not been available. On May 15, the SBA released the PPP loan forgiveness application, an 11-page application that sheds some light – although dim – on several outstanding items.
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Freight Rates: The Games Continue

Posted 8:15 PM by
We are in uncharted waters as a world, a country, and a freight economy. Networks have been disrupted, plants shuttered, trucks parked, and drivers unemployed. Carriers and brokers are doing what they can to get through the worst of the disruption while planning for the restart of the economy as North America emerges from the shutdown. Shippers are using the disruption to lower their shipping costs.
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Transportation Webinar: Carriers: Navigating Financial and Operational Challenges During Uncertainty

Posted 2:30 PM by
The evolving COVID-19 pandemic has caused the trucking industry to tackle rapidly changing operational and financial practices. The Coronavirus Aid, Relief, and Economic Security (CARES) Act has provided economic relief to businesses and individuals, but many carriers are wondering how to maximize the tax and loan provisions designed to incentivize employee retention and help maintain cash flow. How can carriers best shift the financial and operational structure of their business to address everyday needs during these uncertain times?
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Asset Based Trucking During and After the COVID-19 Pandemic

Posted 7:25 PM by
At the end of the last century, when I owned and operated trucking companies, we used to daydream about how great it would be if some sort of capacity constraining event occurred and there were fewer trucking companies, and thereby trucks (capacity), available to the shipping public. We would finally find common ground with the shippers who held our rates down for so many years, pay the drivers what they were worth, and see big financial results. We could never have imagined – or wished for – the current circumstances we are experiencing with the COVID-19 pandemic.
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The Trucking Industry and The Great Game of Business

Posted 6:45 PM by
Trucking companies that do not implement systems and processes that provide transparency or encourage investment or a sense of ownership in a company are at risk of failure. During his engaging presentation, Steve Baker of The Great Game of Business highlighted several key points that businesses must consider to ensure long-term success.
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Retroactive Fuel Credit Extensions May Result in Refunds

Posted 6:15 PM by
On Dec. 20, 2019, the Further Consolidated Appropriations Act, 2020 (the “Act”) was passed into law. In part, the Act contains extensions for various fuel tax credits and incentives, including the following:
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How the Knowing-Doing Gap Impacts Profitability in the Transportation Industry

Posted 8:00 PM by
Tim Almack, partner-in-charge of Katz, Sapper & Miller’s Transportation Services Group, will be a featured speaker at the Truckload Carriers Association’s (TCA) 2020 Conference. Taking place March 1-3 at the Gaylord Palms Resort & Convention Center in Kissimmee, FL, the annual conference is the premier networking and education event in the truckload industry with more than 1,200 trucking professionals expected to attend.
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Turning the Corner: How the Trucking Industry Bounces Back in 2020

Posted 2:15 PM by
Jack Atkins, managing director, research analyst at Stephens Inc. summed up the trucking industry’s current mindset early in his presentation at the 2020 Trucking Owners and Leaders Roundtable hosted by Katz, Sapper & Miller’s Transportation Services Group, the law offices of Scopelitis, Garvin, Light, Hanson & Feary, and KSM Transport Advisors on Feb. 4 in Indianapolis.
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