Friday, March 27, 2015

1099’s Not Required For O-O’s

The Internal Revenue Service’s Office of Chief Counsel has issued a memorandum confirming that a motor carrier need not issue a form 1099 to report payments to an owner-operator under lease to the carrier, provided that the payments represent amounts earned for hauling freight.

Monday, March 2, 2015

Comments Submitted in response to the FMCSA's Advance Notice of Proposed Rulemaking

On Thursday, February 26, 2015, our office on behalf of five trade associations (NASTC, AEMCA, AHAA, TEANA and TMCA) submitted these Comments in response to the FMCSA's Advance Notice of Proposed Rulemaking entitled, "Financial Responsibility for Motor Carriers, Freight Forwarders and Brokers."

Wednesday, February 25, 2015

REGULATORY UPDATE March 1, 2015



REGULATORY UPDATE
March 1, 2015

Further Delays

1.         E-Log.  The FMCSA has pushed back the date for a final rule which will require all drivers who currently must prepare RODS to use electronic devices.  The new date for a final rule is November 9, but whenever it is issued, the rule will not take effect for 2 years.

Friday, January 2, 2015

Year End Regulatory Summary

Re:  Year End Regulatory Summary

2015 should be an active year for federal legislation and regulations. 

A highway funding bill is a top legislative priority and with the legislative gridlock of the past two years broken by the Fall election, hopefully a permanent funding bill will be produced.  As always, expect the bill to be used as a vehicle for addressing any number of regulatory concerns of which there are many.

Thursday, December 11, 2014

CVSA's Legislative update of FY 2015 FMCSA Appropiations Funding

See below for CVSA's legislative update.
FY 2015 Appropriations Update
Yesterday, the House and Senate released the negotiated 2015 spending bill package. The measure funds transportation and most other government spending through the end of the fiscal year (September 30, 2015). However, the Department of Homeland Security is funded for a shorter amount of time, through February of 2015. Funding for FY 2015 is essentially frozen at FY 2014 levels. The bill also contains a number of policy changes, including the provision suspending enforcement of a portion of the hours of service regulations while a study is conducted. A full summary of the relevant provisions can be found below. The House and Senate are both expected to pass the bill this week.

Wednesday, December 10, 2014

Comments Requested on Increase In Liability Insurance Minimum

Last month the FMCSA seemed ready to release an NPRM to raise the current amount of liability insurance carriers are required to maintain.

The current regulatory minimum for commercial motor vehicles carrying property is $750,000 per occurrence although most carriers maintain $1,000,000 in coverage. Although the minimum has not been changed in decades and the cost of catastrophic loss has escalated, determining a new amount requires a cost benefit analysis including an examination of the effect of resulting increased premiums on small carriers (ATA and OOIDA contend that just 1%  of all truck related crashes exceed the current minimum).