Transportation Secretary Anthony Fox recently proposed a change to the current rules relating to inspection report requirements that has the potential to save the trucking industry millions of hours of work and billions of dollars each year. Under the new requirements, it would only be necessary for truckers to file reports regarding inspections that actually turn up defects.
According to estimates from the Department of Transportation, the current reporting requirements cause trucking companies to lose more than 47 million hours of working time each year, and the proposed requirements would cut out an unnecessary and burdensome regulation on trucking operations.
At TBS Factoring Service, we are dedicated to helping truckers work as effectively and efficiently as possible, including helping with any financing concerns that may arise. To learn more about our freight factoring services and what we can do to help keep you on the road, contact us today by calling 800-207-7661.