The Indian Government’s Garden Reach Shipbuilders and Engineers has marked a milestone in the construction of the fully electric ferry that it is building for the Government of West Bengal (see earlier story). The shipyard recently held a launch ceremony that saw the 150-passenger, 24 meter catamaran vessel officially named as Dheu. Designed for inland waterways operation, it is the first fully electric ferry developed by GRSE and the second electric ferry to operate in India. The project is...
IRS
Prototype Testing of Indigenously Made ISO Containers Completed
Indian Register of Shipping (IRS) has announced the completion of the prototype testing of indigenously manufactured containers in accordance with IMO International Convention for Safe Containers (CSC).
Completion of prototype testing of containersContainer Corporation of India Ltd (CONCOR), towards promoting Make-in-India and AtmaNirbhar Bharat initiatives, has provided a fillip to container manufacturing by placing orders for domestic production of containers. This...
https://mfame.guru/prototype-testing-of-indigenously-made-iso-containers-completed/
The Light Load: ‘If it gigs, tax it,’ Washington decrees
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They called it the “American Rescue Plan.” Makes sense.
It would’ve been a smidge wordy to call it...
https://www.freightwaves.com/news/the-light-load-if-it-gigs-tax-it-washington-decrees
La empresa de logística de Minnesota se hunde y se acoge al capítulo 7
Una empresa de logística con sede en Minnesota recientemente se plegó y presentó el Capítulo 7, debiendo a varias empresas de arrendamiento de camiones y remolques y compañías financieras millones de dólares.
94 Logistics LLC, con sede en Eagan (Minnesota), presentó el sábado su petición ante el Tribunal de Quiebras del Distrito de Minnesota.
En su presentación, 94 Logistics enumera activos de hasta 500.000 dólares y pasivos de entre 1 y 10 millones de dólares. La empresa, que tiene hasta 49...
Minnesota logistics company folds, files Chapter 7
A Minnesota-based logistics company recently folded and filed Chapter 7, owing several truck and trailer leasing businesses and finance companies millions of dollars.
Eagan, Minnesota-based 94 Logistics LLC filed its petition in the U.S. Bankruptcy Court for the District of Minnesota on Saturday.
In its filing, 94 Logistics lists assets of up to $500,000 and liabilities of $1 million to $10 million. The company, which has up to 49 creditors, maintains that no funds will be available for...
https://www.freightwaves.com/news/minnesota-logistics-company-folds-files-chapter-7
Iowa trucking owner sentenced in $1.4M payroll tax scheme
The owner of an Iowa trucking company was sentenced to 21 months in federal prison for his role in a seven-year, $1.4 million payroll tax scheme.
Mark Warm, 57, of Jesup, Iowa, the former owner of Warm Trucking Inc. (WTI), was sentenced Thursday in the U.S. District Court for the Northern District of Iowa after pleading guilty in September 2021 to one count of willful failure to pay employment taxes to the IRS.
Once released from prison, Warm will serve three years of supervised release and has...
https://www.freightwaves.com/news/iowa-trucking-owner-sentenced-in-14m-payroll-tax-scheme
COVID relief bill could trigger larger tax bills for gig workers
Gig workers and third-party sellers on e-commerce platforms such as Etsy, Walmart Marketplace (NYSE: WMT) and even Amazon (NASDAQ: AMZN) could find themselves with tax issues in 2022 thanks to a change in Internal Revenue Service tax codes contained within the American Rescue Plan Act of 2021.
The $1.9 trillion COVID relief bill that just passed the U.S. House and Senate and is expected to be signed into law by President Joe Biden by this weekend amends Section 6050W of the IRS code to require...
https://s29755.pcdn.co/news/covid-relief-bill-could-trigger-larger-tax-bills-for-gig-workers