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Todd Amen, CEO of ATBS, describes the 2012 2nd quarter statistics of the trucking industry.
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Section 179 doesn’t increase the total amount you can deduct, but it allows you to get your entire depreciation deduction in one year, rather than taking it a little at a time over the term of an asset’s useful life. This is called first-year expensing or Section 179 expensing. (Expensing is an accounting term that means currently deducting a long-term asset.)
Looking to jumpstart your trucking business in 2021? Check out the articles that were read the most during the past year and become a more well-rounded truck driver and business owner!
The trucking industry has about 80,000 fewer available drivers today compared to a year ago. Currently, the OTR truckload driver count is at its lowest point since September of 2012. Knowing this, it comes as no surprise that many fleets are having trouble finding enough drivers. We took a look at some of the biggest factors that are causing the truck driver count to decrease and have some recommendations for what fleets can do to try and combat the limited driver supply.