Federal excise tax

Report finds repeal of truck tax would mean fewer crashes

WASHINGTON — New research by the American Transportation Research Institute (ATRI) has linked repealing the 12% federal excise tax (FET) on new trucks and truck equipment to a significant reduction in crashes and, as a result, significant cost savings.

In its report released on Wednesday, ATRI, the research arm of the American Trucking Associations, found that the accelerated replacement of old trucks with new ones spurred by repealing the tax would reduce the cost of advanced driver assistance...

https://www.freightwaves.com/news/report-finds-repeal-of-truck-tax-would-mean-fewer-crashes

C.R. England adopts AI-powered driver-facing cameras

C.R. England adopts AI-powered driver-facing cameras
(Photo: Jim Allen/FreightWaves)

Nationwide truckload carrier C.R. England recently announced it has chosen safety and telematics provider Lytx to equip its 3,500-truck fleet with driver-facing cameras. The cameras are part of a larger suite called Lytx Drive Cam Event Recorders, which use AI and computer vision to “identify driving risks, including distracted driving, handheld cell phone use, lack of seat belt use, following too closely, and...

https://www.freightwaves.com/news/c-r-england-adopts-ai-powered-driver-facing-cameras

Lawmakers propose tax relief for truck drivers

WASHINGTON – House lawmakers reintroduced bipartisan legislation this week aimed at lightening the financial load for current truck drivers and incentivizing new drivers to join the industry.

U.S. Reps. Pat Ryan, D-N.Y., and Zachary Nunn, R-Iowa, introduced on Wednesday the Strengthening Supply Chains through Truck Driver Incentives Act that provides a refundable tax credit for current drivers and an enhanced credit for new truck drivers and people in trucking apprenticeship programs.

On...

https://www.freightwaves.com/news/lawmakers-propose-tax-relief-for-truck-drivers

12% new-truck tax panned at highway funding hearing

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WASHINGTON — Major trucking firms and their supporters have called for repealing a long-standing 12%...

https://www.freightwaves.com/news/12-new-truck-tax-panned-at-highway-funding-hearing

ATA’s Spear rips ‘self-promoting union bosses’ in annual address

AUSTIN, Texas — “Self-promoting union bosses” encouraged by the “most pro-union president in history” are making trouble for the trucking industry, American Trucking Associations CEO Chris Spear said in his annual membership address.

But he had plenty of invective for California regulators. And he criticized a century-old excise tax that adds $25,000 to the typical cost of a new heavy-duty truck.

“Trial lawyers chasing jackpot justice, self-promoting union bosses and delusional environmental...

https://www.freightwaves.com/news/atas-spear-rips-self-promoting-union-bosses-in-annual-address

ATA president takes victory lap for legislative, court victories

SAN DIEGO — In an address befitting of his last name, American Trucking Associations President and CEO Chris Spear struck an assertive tone Monday in recounting a year of legislative and legal victories for the industry.

It was a very good year for the ATA. After years of frustration awaiting legislation to pay for critically needed road and bridge repairs, an infrastructure bill finally become law with billions are dedicated to road and bridge repairs.

Victory over truck-only tolling

The industry...

https://www.freightwaves.com/news/ata-president-takes-victory-lap-for-legislative-court-victories

Mack finds medium-duty absence makes truck market grow fonder

It appears Mack Trucks really missed making medium-duty trucks over the past two decades. Based on some glowing comments, so did would-be customers.

“The launch of the Mack MD Series was the most impressive product launch ever by Mack,” John Schwind, general manager and director of medium-duty trucks for Nextran Truck Center in Fort Myers, Florida, said in a Mack press release. “The first two MD trucks we received were purchased within the first hour.”

Mack spent $13 million to convert a former...

https://www.freightwaves.com/news/mack-finds-medium-duty-absence-makes-truck-market-grow-fonder

Airlines reinstate collection of federal excise tax for air cargo

A large white jet getting loaded with cargo through side door. Airport worker with orange vest in foreground.

Airlines operating in the U.S. are once again collecting the federal excise tax on freight shipments that were suspended for most of last year to help the industry survive the economic fallout from the coronavirus pandemic.

The $2.2 trillion economic stimulus package known as the CARES Act provided an aviation tax holiday from March 28 through the end of 2020. Airlines were not required to charge the 6.25% tax on goods shipped by air or the 7.25% tax on passenger tickets, as well as other...

https://www.freightwaves.com/news/airlines-reinstate-collection-of-federal-excise-tax-for-air-cargo

8 questions with Brett Pope, Volvo Trucks electric vehicles director

The 12% federal excise tax (FET) on new heavy-duty trucks has lots of detractors who think the 103-year-old levy has long outlived its original purpose. That was to defray the costs of America fighting in World War I.

Brett Pope may or may not be for getting rid of the tax. He won’t say. But the director of electric vehicles at Volvo Trucks North America thinks waiving the tax on purchases of the VNR Electric regional hauler would help bring it closer to price parity with diesel models of the...

https://s29755.pcdn.co/news/8-questions-with-volvo-trucks-electric-vehicles-director-brett-pope

The Daily Dash: Earnings insight; Hyliion declines revenue for its early products

Schneider truck on highway

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Todd Fowler, lead transportation analyst at KeyBanc, talks third-quarter earnings. Plus, Hyliion is not recording any revenue from its propulsion system and Wall Street is OK with that, and carriers continue to dominate as retail peak hits.

Inside the numbers

Third-quarter earnings are in, and the trucking sector performed quite well. Todd Fowler, lead transportation analyst at KeyBanc, shares some...

https://s29755.pcdn.co/news/the-daily-dash-earnings-insight-hyliion-declines-revenue-for-its-early-products

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