As of July 1st, new hours of service regulations from the U.S. Department of Transportation could go into effect, unless a current lawsuit challenging these hours of service changes is successful.
If the changes go into effect, truckers will be limited to one 34-hour restart per week, and the average maximum allowable hours will be reduced from 82 hours to 70 hours per week. This amounts to an overall 15% decrease.
Proponents of the new regulations argue that they are meant to keep drivers healthier and to reduce instances of driver fatigue behind the wheel. However, many are opposing these changes, stating that they will not have the indended benefits on the industry and instead, will only do damage to motor carriers.
Motor carriers and independent drivers find themselves regularly facing a number of challenges that affect their business and their financial standing. Fortunately, there are services out there that aim to help those in the trucking industry make ends meet when times are tough. To learn more about the potential benefits that freight factoring could have for you and your business, contact the team at TBS Factoring Service today by calling 1-800-207-7661.