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CONTENTS<br />
JANUARY 2<strong>01</strong>8 • VOLUME 21 • ISSUE 1<br />
BUSINESS SOLUTIONS<br />
Interesting things<br />
to know:<br />
Tax Tips<br />
<strong>IC</strong> NEWS<br />
Page 12<br />
Martin Weissburg<br />
To Take Helm<br />
Of Mack Trucks<br />
Page 22<br />
PRODUCT PROFILE<br />
Tesla Unveils<br />
Electric Tractor<br />
s t a f f<br />
General Manager Megan Hicks<br />
Sales Manager Jerry Critser<br />
Creative Director Chad Singleton<br />
Administrative Staff Tammy Borrelli<br />
Charlene Abernathy<br />
Editor Sean O'Connell<br />
Advertising Account Executives<br />
Sean Hayes<br />
1.256.405.4<strong>01</strong>7<br />
seanh@htwoservices.com<br />
John Hicks<br />
1.770.4<strong>18</strong>.9789<br />
johnh@targetmediapartners.com<br />
Meg Larcinese<br />
1.678.325.1025<br />
megl@targetmediapartners.com<br />
Greg McClendon<br />
1.678.325.1023<br />
gregmc@targetmediapartners.com<br />
Carol Trujillo<br />
1.213.221.9993<br />
CarolT@targetmediapartners.com<br />
Page 36<br />
Wilshire Classifieds, LLC<br />
P.O. Box 2685<br />
Anniston, AL 36202<br />
(256) 237-28<strong>01</strong> • (256) 237-2802 Fax<br />
COPYRIGHT: Copyright 2<strong>01</strong>8 Wilshire Classifieds, LLC. Publisher<br />
as sumes no responsibility for unsolicited material. Reproduction in<br />
whole or in part without written permis sion is prohibited. All advertisements,<br />
and/or editorials are accepted and published by Publisher on<br />
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the definition of contents.<br />
Member of NATSO, Inc.
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BUSINESS<br />
SOLUTIONS<br />
INTERESTING<br />
THINGS TO KNOW<br />
By Shasta<br />
D. May<br />
Happy New Year! It’s that time again to<br />
start compiling the information you will need<br />
to have your 2<strong>01</strong>7 income tax return prepared.<br />
Here are some common questions asked at tax<br />
time about what tax information you will need<br />
to get together.<br />
What is the best way to get my expenses<br />
ready to do my taxes?<br />
Separate all your business expenses by category<br />
such as fuel, maintenance, repairs, tires,<br />
insurance, telephone, tools, supplies, etc. Your<br />
expenses will come from your settlements, bank<br />
statements, cash payments, credit card charges<br />
and equipment contracts. Since most of you use<br />
the per diem meal allowance, you will need to<br />
count your days away from home working from<br />
your logs to get a total for the year. This total<br />
will be used to calculate your meal deduction.<br />
If you use your personal vehicle for business<br />
(picking up truck parts, business banking,<br />
picking up supplies) you can write-off business<br />
miles but you must know total miles put on<br />
vehicle for the year and of the total miles how<br />
many miles were for business.<br />
I bought a new truck last year. What do you<br />
need for my taxes?<br />
You will need a copy of the purchase agreement<br />
on the new equipment and information on<br />
the sale of any equipment sold, if applicable.<br />
What other documentation might I need to<br />
gather?<br />
• Escrow statements for the purchase, sale or<br />
refinance of property.<br />
• Confirmations from charities for donations.<br />
• Indicate the amount and date of any estimated<br />
taxes paid.<br />
• If taking home office deduction, square footage<br />
of home and square footage of office space,<br />
in addition to breakdown of annual utility bills.<br />
What other deductions should I look for?<br />
You should be aware of the following items;<br />
mortgage interest, property taxes, interest and<br />
dividend income, income from sales of stock<br />
and rental property information. Remember, if<br />
you sold stock, you will need to know when it<br />
was originally purchased, how much you paid<br />
for it, and the date and amount of sale. If you<br />
sold a property, you will need to know date<br />
acquired, its cost, and the cost of any improvements<br />
over the years.<br />
You want to make sure you compile and save<br />
all documentation (statements, settlements,<br />
receipts, contracts) for everything that appears<br />
12 INDEPENDENT CONTRACTOR 2<strong>01</strong>8 www.TruckDriverMagazines.com
BUSINESS<br />
SOLUTIONS<br />
on your tax return in the event of an audit.<br />
Usually tax preparers send out an income tax<br />
organizer or worksheet<br />
to their clients to make<br />
the information gathering<br />
process easier. If<br />
you did not receive a<br />
tax organizer from your<br />
tax preparer you are<br />
welcome to call us and<br />
get one free of charge.<br />
We recommend using a tax organizer from a tax<br />
preparer who specializes in the trucking industry.<br />
What are some of the most common<br />
forgotten deductions?<br />
Remember that all expenses in connection<br />
with creating your income and operating your<br />
truck are usually deductible. Remember small<br />
items add up and are always worth tracking.<br />
1. Access Fees: Internet Service, Qual<br />
comm, Satellite<br />
2. Administrative Fees: Bank Account<br />
Charges, ATM fees, Check Reorder Fees<br />
3. Annual Credit Card Fees<br />
4. Association Dues<br />
5. Bedding for sleeper<br />
6. ComData/ComCheck Fees<br />
7. Computer Software/Software Support<br />
8. Cleaning Supplies: Windex, Paper<br />
Towels<br />
9. Fax Fees<br />
10. Interest (equipment loans/business loans/<br />
business credit cards)<br />
11. Office Supplies (paperclips, envelopes,<br />
folders, etc.)<br />
12. Postage and Delivery Fees<br />
13. Safety Gear (gloves, work boots)<br />
14. Security Costs<br />
15. Trucking/Business Related Subscriptions<br />
16. Weather Gear<br />
17. XM Radio<br />
This article has been presented by MBA Tax<br />
& Bookkeeping Service, a company proud<br />
to provide Corporate/LLC filings, income tax,<br />
bookkeeping and IRS problem resolution<br />
services to truckers in states. If you would<br />
like additional information or have questions,<br />
calls are always welcome. Contact us at<br />
(888) 407-1669 or visit our website at www.<br />
mbataxhelp.com.<br />
This article is provided for informational purposes<br />
only and is not intended as legal or tax<br />
advice. Each individual business situation is<br />
different and the information contained herein<br />
is meant for general information purposes<br />
only. Specific tax and legal recommendations<br />
can only be made after an individual<br />
has consulted his or her qualified tax or legal<br />
professional.<br />
14 INDEPENDENT CONTRACTOR 2<strong>01</strong>8 www.TruckDriverMagazines.com
NEWS<br />
Independent Contractor<br />
January 2<strong>01</strong>8<br />
Employers Add 228K<br />
Jobs, For-Hire Trucking<br />
Increases By 1,800<br />
U.S. employers added a robust 228,000<br />
jobs in November, a sign of the job market’s<br />
enduring strength in its ninth year of economic<br />
recovery.<br />
The unemployment rate remained at a<br />
17-year low of 4.1 percent, the Labor Department<br />
reported.<br />
For hire trucking added 1,800 jobs, according<br />
to Labor Department data.<br />
The<br />
economy is<br />
expanding<br />
at a healthy<br />
pace, and in<br />
many cases<br />
employers<br />
are scrambling<br />
to<br />
hire enough<br />
qualified workers. Over the past six months,<br />
economic growth has exceeded an annual<br />
rate of 3 percent, the first time that’s happened<br />
since 2<strong>01</strong>4. Consumer confidence has<br />
reached its highest level since 2000.<br />
Still, solid hiring and a low unemployment<br />
rate have yet to accelerate wages, which<br />
rose 2.5 percent in November compared with<br />
a year earlier. The last time unemployment<br />
was this low, average wages were growing at<br />
a 4 percent annual rate.<br />
Highway Transport<br />
Named Carrier of the Year<br />
Highway Transport was awarded “Carrier<br />
of the Year” at the recent Dow Carrier<br />
Conference in Midland, MI. This award is<br />
presented to a carrier who achieves the following:<br />
• High level of service greater than or<br />
equal to 98% on-time delivery<br />
• Great Safety Performance<br />
• High Tender Acceptance<br />
• Best Customer Service/<br />
Responsiveness to Dow<br />
• Network Complexity<br />
• RESPONSIBLE CARE Certified<br />
• Competitive Pricing<br />
The Dow Carrier Conference was held<br />
October 5th near Dow headquarters in<br />
Midland, Michigan. Here is a comprehensive<br />
list of all awards presented to Highway<br />
Transport:<br />
Silver Safety Award - No serious or<br />
moderate carrier caused transportation<br />
incidents, and no more than one carrier<br />
caused minor or event severity incident/10,000<br />
shipments.<br />
Road Sustainability Award (2nd Place)<br />
Emergency Response - for Hurricane<br />
Harvey<br />
Carrier of the Year<br />
Vice Chairman Greg Watkins says, “Most<br />
of the time you will hear every tanker trucking<br />
company repeat the phrase, ‘safety is the<br />
most important thing,’ and this holds true at<br />
Highway Transport…from the driver room<br />
to the tank wash to my office at corporate<br />
headquarters. But here is what distinguishes<br />
Highway Transport from other carriers.<br />
We have a reputation for embracing each<br />
22 INDEPENDENT CONTRACTOR 2<strong>01</strong>8 HUNDREDS OF JOBS www.TruckJobSeekers.com
Independent Contractor<br />
NEWS<br />
employee like family. Drivers are told from<br />
the start ‘We want you to work as safely as<br />
possible, because we want to get you home to<br />
your family.’”<br />
“Driver’s don’t leave us,” adds Marshall<br />
Franklin, Highway Transport President &<br />
CFO, “Even though we have stricter, more<br />
stringent safety policies than most, we have a<br />
low employee turnover. Our focus on family<br />
ties directly into our culture of safety.”<br />
Martin Weissburg To<br />
Take Helm Of Mack<br />
Trucks June 1<br />
Martin Weissburg, currently president of<br />
Volvo Construction Equipment, will become<br />
president of Mack Trucks effective June 1,<br />
2<strong>01</strong>8, in which capacity he will continue to<br />
be a member of the executive board for the<br />
Volvo Group.<br />
Mack Trucks is one of two OEMs under<br />
the Volvo Group, the other being Volvo.<br />
Weissburg was born in 1962, and has<br />
served as president of Volvo Construction<br />
Equipment since 2<strong>01</strong>4.<br />
24 INDEPENDENT CONTRACTOR 2<strong>01</strong>8 HUNDREDS OF JOBS www.TruckJobSeekers.com
Independent Contractor<br />
NEWS<br />
Courtsey: Volvo Group<br />
Martin Weissburg<br />
He joined the Volvo<br />
Group in 2005 as president<br />
of Volvo Financial Services Americas, and<br />
in 2<strong>01</strong>0 became global president of Volvo<br />
Financial Services.<br />
He will be headquartered in Greensboro.<br />
Weissburg will succeed Dennis<br />
Slagle, who has led the company<br />
since 2008.<br />
Effective June 1, 2<strong>01</strong>8, Slagle<br />
will remain with the Volvo Group as<br />
a special projects leader reporting to<br />
Martin Lundstedt, president and CEO.<br />
“Thanks to Denny<br />
Slagle’s leadership,<br />
the Volvo Group’s<br />
North American truck<br />
business has substantially<br />
improved its<br />
profitability and competitiveness,<br />
and is<br />
strongly positioned for<br />
the future,” Lundstedt said. “In Marty Weissburg,<br />
Mack Trucks will have another proven<br />
leader who is passionate about realizing the<br />
full potential of this great truck brand.”<br />
26 INDEPENDENT CONTRACTOR 2<strong>01</strong>8 HUNDREDS OF JOBS www.TruckJobSeekers.com
PRODUCT<br />
PROFILE<br />
Tesla Unveils Electric Tractor<br />
After more<br />
than a decade of<br />
making cars and<br />
SUVs — and,<br />
more recently,<br />
solar panels —<br />
Tesla Inc. wants<br />
to electrify a<br />
new type of vehicle: big trucks.<br />
The company unveiled its new<br />
electric semitractor-trailer near its<br />
design center in Hawthorne, California.<br />
CEO Elon Musk said the semi is capable<br />
of traveling 500 miles on an electric charge<br />
— even with a full 80,000-pound load — and<br />
will cost less than a diesel semi considering<br />
fuel savings, lower maintenance and other<br />
factors. Musk said customers can put down a<br />
$5,000 deposit for the semi now and production<br />
will begin in 2<strong>01</strong>9.<br />
“We’re confident that this is<br />
a product that’s better in every<br />
way from a feature standpoint,”<br />
Musk told a crowd of Tesla fans<br />
gathered for the unveiling. Musk<br />
didn’t reveal the semi’s price.<br />
The truck will have Tesla’s<br />
Autopilot system, which can<br />
maintain a set speed and slow<br />
down automatically in traffic. It<br />
also has a system that automatically<br />
keeps the vehicle in its lane.<br />
Musk said several Tesla semis<br />
will be able to travel in a convoy, autonomously<br />
following each other.<br />
Musk said Tesla plans a worldwide network<br />
of solar-powered “megachargers” that<br />
could get the trucks back up to 400 miles of<br />
range after charging for only 30 minutes.<br />
36 INDEPENDENT CONTRACTOR 2<strong>01</strong>8 HUNDREDS OF JOBS www.TruckJobSeekers.com
PRODUCT<br />
PROFILE<br />
The move fits with<br />
Musk’s stated goal for<br />
the company of accelerating<br />
the shift to<br />
sustainable transportation.<br />
Trucks account<br />
for nearly a quarter of<br />
transportation-related<br />
greenhouse gas emissions<br />
in the U.S., according<br />
to government statistics.<br />
But the semi also piles on more chaos at<br />
the Palo Alto, California-based company.<br />
Tesla is way behind on production of the<br />
Model 3, a new lowercost<br />
sedan, with some<br />
customers facing waits<br />
of <strong>18</strong> months or more.<br />
It’s also ramping up production<br />
of solar panels<br />
after buying Solar City<br />
Corp. last year. Tesla<br />
is working on a pickup<br />
truck and a lower-cost<br />
SUV and negotiating a new factory in China.<br />
Meanwhile, the company posted a record<br />
quarterly loss of $619 million in its most<br />
recent quarter.<br />
38 INDEPENDENT CONTRACTOR 2<strong>01</strong>8 HUNDREDS OF JOBS www.TruckJobSeekers.com
42 INDEPENDENT CONTRACTOR 2<strong>01</strong>8 HUNDREDS OF JOBS www.TruckJobSeekers.com
ADVERTISER<br />
INDEX<br />
COMPANY PAGE COMPANY PAGE<br />
Admiral Merchants ................. 13, 33<br />
Atlas World group .....................27<br />
Baggett Transportation............... <strong>18</strong>, 41<br />
BCT ................................42<br />
Cargill Logistics .................... 23, 47<br />
Carrier Logistics, LLC....................6<br />
CRST Malone...................... 16, 45<br />
EM Way Inc.. .........................38<br />
Fed EX Custom Critical ............... 5, 28<br />
Hurricane Express . . . . . . . . . . . . . . . . . . . 8, 30<br />
Landstar ......................... 20, 48<br />
McCollister's ...................... 10, 37<br />
Mercer Transportation ..................25<br />
Miller Truck Lines .....................26<br />
New Waverly .................. 2-3, 34-35<br />
Page Trucking ..................... 29, 46<br />
Progressive Insurance . . . . . . . . . . . . . . . . . . 24<br />
RTI..................................9<br />
Sherwin-Williams.................... 7, 31<br />
Skyview Transportation .............. 11, 32<br />
Stageline Express .....................19<br />
Star Freight ....................... 15, 39<br />
Tran Stewart ...................... 17, 43<br />
Truck Job Seekers. ....................40<br />
Turquoise Trucking. ....................42<br />
UPS Freight ..........................21<br />
46 INDEPENDENT CONTRACTOR 2<strong>01</strong>8 HUNDREDS OF JOBS www.TruckJobSeekers.com