Let’s face it this year has been tough on the trucking industry but the entire economy. We have seen record fuel prices and large numbers of trucking companies failing. So you might be asking yourself why is this a good time to get into trucking? Well, we at GLAuthority.com have a few facts that might help put your mind at ease and give you the momentum you need to get started. Because of the reduced number of trucks on the road carriers now have the ability to negotiate higher paying loads and keep their trucks loaded! With 4.5% of our nations trucking capacity out of business, the laws of supply and demand have already begun to take effect.
Today we leave you with a tip for those of you who are new carriers. Before you accept a load, know the area you are going to. If outbound freight is low and available trucks are high, charge accordingly. Don’t eat up your profits in lost time waiting for a load.
Stay tuned for more tips on how to make record profits during this economic turndown.
And as always thanks for stopping by and keep 'em loaded!
Best,
GLA
Friday, August 15, 2008
What is Intra-State Authority and who needs it?
Intra-State Authority is the level of authority needed for a carrier to move freight within the borders of their home state. Each state has different rules and regulations so each individual carrier would need to check with their state DOT for the specifics. In fact, some states actually refer to Intra-State Authority as a DOT # or a MC #; BUT….DO NOT get this confused with the Federal Government’s DOT and MC numbers. They are completely different.
There are usually some minimal state fees that are associated with Intra-State Authority. However, each state fee is different. Some are based on mileage and some have set fees so you will need to check with your state DOT to determine how their fees are calculated. You are also required to renew your Intra-State Authority on a yearly basis.
As always thanks for stopping by and keep 'em loaded!
Best,
GLA
There are usually some minimal state fees that are associated with Intra-State Authority. However, each state fee is different. Some are based on mileage and some have set fees so you will need to check with your state DOT to determine how their fees are calculated. You are also required to renew your Intra-State Authority on a yearly basis.
As always thanks for stopping by and keep 'em loaded!
Best,
GLA
Monday, August 11, 2008
What is IFTA and who needs it?
IFTA stands for International Fuel Tax Agreement. So what does this mean for you?
Well, the IFTA is a decal/sticker that goes on your truck. It is for all trucks with a GVW (Gross Vehicle Weight) over 26,000 pounds. This decal is is good for all lower 48 states. There will also be tax filings due every 3 months which can vary depending upon a number of factors. While these tax filings can be complicated to fill out, there are a number of computer programs available to make it very simple.
As a carrier you are required to keep track of all miles traveled in each state and all fuel purchased in each state. This might seem a bit cumbersome, it's the law so you definitely want to make sure you keep an adequate travel log.
Last of all, there is a small fee associated with the IFTA decal and will typically run you between $0.00 and $50.00.
Hopefully this helps to clear up yet another trucking acronym for ya!
And as always thanks for stopping by and keep 'em loaded!
Best,
GLA
Well, the IFTA is a decal/sticker that goes on your truck. It is for all trucks with a GVW (Gross Vehicle Weight) over 26,000 pounds. This decal is is good for all lower 48 states. There will also be tax filings due every 3 months which can vary depending upon a number of factors. While these tax filings can be complicated to fill out, there are a number of computer programs available to make it very simple.
As a carrier you are required to keep track of all miles traveled in each state and all fuel purchased in each state. This might seem a bit cumbersome, it's the law so you definitely want to make sure you keep an adequate travel log.
Last of all, there is a small fee associated with the IFTA decal and will typically run you between $0.00 and $50.00.
Hopefully this helps to clear up yet another trucking acronym for ya!
And as always thanks for stopping by and keep 'em loaded!
Best,
GLA
Wednesday, August 6, 2008
What is IRP and who needs it?
With the trucking industry as with most industries there are a number of different acronyms.
IRP is one of those. So what does it mean? IRP stands for International Registration Plan and is also known as Apportioned Plates.
You might be saying to yourself, well that's great and all but what does this have to do with me as a trucker?
This plate goes on the front of the truck. Every truck that has a GVW (Gross Vehicle Weight) of over 26,000 pounds and will be "For Hire" must have this on the truck. It will be registered for all of the states the truck needs to travel through. There is also a yearly fee on the IRP and that fee depends on the miles traveled within each state.
Hopefully this helps to clear up at least one trucking acronym for ya!
Until next time, thanks as always for stopping by and keeping on truckin!
Best,
GLA
IRP is one of those. So what does it mean? IRP stands for International Registration Plan and is also known as Apportioned Plates.
You might be saying to yourself, well that's great and all but what does this have to do with me as a trucker?
This plate goes on the front of the truck. Every truck that has a GVW (Gross Vehicle Weight) of over 26,000 pounds and will be "For Hire" must have this on the truck. It will be registered for all of the states the truck needs to travel through. There is also a yearly fee on the IRP and that fee depends on the miles traveled within each state.
Hopefully this helps to clear up at least one trucking acronym for ya!
Until next time, thanks as always for stopping by and keeping on truckin!
Best,
GLA
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