Why a Hong Kong job ad matters to U.S. fleets A new posting for a “U.S. Tax Manager” with recruiter Ambition in Hong Kong is a small signal with big implications for trucking. The role centers on U.S. withholding and reporting for equity investment income, Form 1042‑S, FATCA system design,…
ATRI SETS 6 RESEARCH PRIORITIES FOR 2026, INCLUDING WEATHER DISRUPTIONS AND DRIVER TRAINING The American Transportation Research Institute’s board approved six focus areas for 2026, emphasizing disruptive weather, industry goodwill and training as carriers navigate a tightening market. KNIGHT-SWIFT POSTS Q1 LOSS BUT SAYS CONDITIONS IMPROVED AS EXCESS CAPACITY EXITS…
What just happened The Justice Department issued a Final Order immediately placing two categories of marijuana in Schedule III of the Controlled Substances Act: FDA‑approved drug products containing marijuana and marijuana products regulated by a qualifying state medical marijuana license. DOJ also launched an expedited hearing, set to begin June…
OIL PRICES SWING AS IRAN TALKS EMERGE; BRENT HOVERS NEAR $105 Crude stayed volatile on April 24 as diplomatic signals from Tehran nudged Brent around $105, keeping diesel costs elevated for carriers and shippers watching fuel surcharges. WHITE HOUSE EXTENDS JONES ACT WAIVER 90 DAYS TO EASE OIL CRUNCH The…
Why this matters now The U.S. Treasury Department and IRS said they will issue guidance to resolve the key federal tax questions created by the Justice Department’s new Final Order on medical marijuana. The agencies signaled that the DOJ action will carry “significant positive tax consequences” for affected businesses and…
ATA TRUCK TONNAGE POSTS BIGGEST Y/Y GAIN SINCE 2022; Q1 BEST SINCE 2017 ATA says March for-hire truck tonnage rose 3% year over year and 0.3% from February, capping the strongest quarter since Q3 2017 and signaling early signs of a freight rebound. ([ttnews.com]()) UNION PACIFIC Q1 PROFIT UP 5%…
What’s new for truckers in Chicagoland Owner-operators and small fleets in the northwest Chicago suburbs have a new local option for tax and compliance support. East Dundee–based CMY Tax Services says it is prioritizing the trucking sector with services that span tax preparation, bookkeeping, payroll, LLC formation, IRS representation, and…
PLUSAI CALLS OFF SPAC MERGER, SAYS 2027 AUTONOMOUS TRUCK LAUNCH STILL ON TRACK PlusAI and Churchill Capital Corp IX terminated their merger citing market conditions, but the company says it remains focused on a 2027 commercial rollout starting in Texas and maintains key OEM partnerships. DIESEL PRICES PLUNGE MORE THAN…
Why this matters now Beginning January 1, 2026, the IRS business standard mileage rate increased to 72.5 cents per mile. For Amazon Flex delivery partners—who are treated as independent contractors—most vehicle costs aren’t reimbursed by Amazon, so the federal rate becomes a critical lever to reduce taxable income. Fleet managers…
INTERSTATE REGISTRATION FEES SLATED TO RISE ABOUT 20% UNDER UCR PLAN Unified Carrier Registration fees would increase by roughly 20% on average, pending FMCSA approval, adding $9 for single‑truck carriers to more than $9,000 for the largest fleets. ATA: TRUCK TONNAGE EDGED 0.3% HIGHER IN MARCH, BIGGEST Y/Y GAIN SINCE…
