Last year, the Federal Motor Carrier Safety Administration enacted new rules limiting the hours of service drivers could be operating a truck. Truck companies vehemently opposed this rule, as they had to drastically rework schedules, staffing, and put more trucks on the road at a time. In fact, trucking companies believed the “Hours of Service” rules impacted the industry so severely that about $500 million was lost this past year.
Due to the outrage, Congressman Richard Hanna has proposed legislation to halt the Hours of Service regulation. The bill he has drawn up will suspend this federal regulation for the 2015 fiscal year and trucking companies can return to their former regulations regarding hours of operation.
While these changes could undoubtedly help many truckers and companies, many find themselves still facing financial difficulties due to clients who fail to pay their invoices. Fortunately, the experienced team at TBS Factoring Service can help you make ends meet. For more information on how our truck factoring services can benefit you, call us today at (800) 207-7661.