tax reform

Government, Business, Equipment

Trump Visits Truck Dealer in Minnesota to Tout Tax Cuts

President Donald Trump visiting a truck dealership in Burnsville, Minn. Susan Walsh/Associated Press

While visiting a truck dealership in Burnsville, Minn., President Donald Trump touted tax cuts passed by Republicans in 2017, even as the law has swelled the deficit and failed to gain traction with voters in last year’s midterm elections.

Alyza Sebenius | Bloomberg News
April 15, 2019
Government, Business

New Tax Law Boosts Trucking Industry, ATA Chairman Dave Manning Says

Paul Ryan, Dave Manning House Speaker Paul Ryan (left) Dave Manning via Speaker Paul Ryan/YouTube

WASHINGTON — The trucking industry continues to experience economic benefits resulting from the recently enacted federal tax overhaul, the chairman of American Trucking Associations told House Republican leaders on Capitol Hill on April 17, the country’s deadline for filing taxes.

Eugene Mulero | Senior Reporter
April 17, 2018
Government, Business, Editorial

Editorial: How Long Will the Good Times Last?

The trucking industry is definitely having a moment. Recently, an industry executive spoke from the White House about the positive effects federal tax reform has had on his business, and a noted industry economist predicted that trucking likely has several good years ahead of it before the threat of an economic downturn might rear its ugly head. Plus, sales of new trucks just keep rising.

April 16, 2018
Government, Business

Trucking Industry Leaders Join Trump to Tout Tax Reform

Leathers Werner CEO Derek Leathers speaks at the event (Tonn Ostergard/Crete)

A trucking executive and truck driver joined President Donald Trump at the podium during an April 12 White House Rose Garden event held to discuss the effects the tax reform law passed by Congress in December had on businesses.

Eric Miller | Senior Reporter
April 12, 2018
Government, Business, Equipment, Logistics

Tax Law Sparks Questions on Purchases, Raises in Trucking

Dohrn Transfer Co. truck Dohrn Transfer Co. gave $1.2 million to its employees by including $1,000 bonuses in their Jan. 29 paychecks (TT File Photo)

As transportation companies reap the rewards of tax relief stemming from the new tax law, some CEOs have reinvested the extra cash into new tractor-trailers or bonuses for their employees.

Ari Ashe | Staff Reporter
February 12, 2018

Opinion: Tax Reform’s Opportunities for Trucking Require Planning, Analysis

The Tax Reform and Jobs Act of 2017 slashes corporate rates, offers full expensing on qualifying new and used equipment purchases, repeals like-kind exchanges on revenue equipment and other personal property — including tractors and trailers — and repeals the itemized deduction for unreimbursed employee driver expenses.

Russell Norris | National Transportation & Logistics Practice Leader, Grant Thornton
January 17, 2018
Government, Business, Technology, Equipment, Safety, Logistics, Autonomous

Capitol Agenda: The Best of 2017

Marcia Hale, Eugene Mulero Building America's Future President Marcia Hale with Transport Topics' Eugene Mulero. (Transport Topics via YouTube)

No matter your place on the political spectrum, it is undeniable passage of the Republican-led tax reform measure was a monumental feat. This week we highlight our favorite news items from Capitol Agenda in 2017.

Eugene Mulero | Senior Reporter
December 26, 2017
Government, Business

Trucking Executive Outlines Tax Reform’s Benefits for Industry

Pottles Truck Pottle's Transportation

The incoming tax reform bill could be a welcome holiday gift for truckers, according to Barry Pottle, president of Pottle’s Transportation and first vice chairman of American Trucking Associations.

Eleanor Lamb | Staff Reporter
December 21, 2017

AASHTO to Tax Leaders: Advance Private Activity Bonds

The national group representing state transportation directors again called on tax policy leaders on Capitol Hill to produce tax reform legislation that would help advance infrastructure projects.

Eugene Mulero | Senior Reporter
December 8, 2017
Government, Business

Senate Passes Tax Reform Bill

Mitch McConnell McConnell by Timothy D. Easley/AP

WASHINGTON — Congressional Republicans came closer to delivering for President Donald Trump his first major legislative achievement Dec. 2 when the Senate advanced a tax reform bill, 51 to 49, along party lines.

Eugene Mulero | Senior Reporter
November 28, 2017