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New Regulations on DOT Physicals Go into Effect

Posted by Genie Wood on Thu, May 22, 2014 @ 01:44 PM

The Federal Motor Carrier Safety Administration (FMCSA) is pushing ahead with new regulations requiring truckers to undergo their USDOT physicals with a health professional who is listed on the National Registry of Certified Medical Examiners. At the expiration of a trucker’s current medical certificate, therefore, it will be necessary to ensure that the practitioner performing the physical meets this requirement in order for it to be considered valid.

Organizations such as the American Trucking Association (ATA) and other groups had requested a six-month delay before the regulations take effect, citing concerns that there may not be an adequate supply of physicians who meet these new guidelines in order to allow truckers throughout the country, particularly in rural areas, to continue doing their jobs. Nevertheless, the FMCSA has decided not to delay the requirements.

At TBS Factoring Service, our focus is always on helping independent trucking operators adapt to the challenges they face on the road. To learn more about the services we offer and what we can do for you, contact us today by calling 800-207-7661.

Tags: New Regulations on DOT Physicals Go into Effect, TBS Factoring Service, trucking regulations, trucking news

Department of Transportation Proposes Reducing Inspection Report Requirements

Posted by Genie Wood on Fri, Aug 02, 2013 @ 07:41 AM

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.

Tags: trucking news, Department of Transportation, Inspection Reports, TBS Factoring

Pilot Settling Lawsuits with Eight Trucking Companies

Posted by Genie Wood on Fri, Jul 19, 2013 @ 03:14 PM

Pilot Flying J, the truck stop chain that has been under fire for denying trucking companies and independent operators millions of dollars in fuel rebates to which they were entitled, has recently reached a settlement with eight of the trucking companies that pursued legal action against Pilot. Under the terms of the settlement, the eight firms will receive compensation for the lost rebates, as well as 6% in interest payments.

While this settlement is good news for the companies involved, there are still 13 pending lawsuits against the company in various state and federal courts across the country. Nevertheless, the decision on Pilot’s part to reach a settlement with this initial case may be a positive sign for the ability of others to receive compensation.

The trucking industry experts at TBS Factoring Service understand the many different financial issues that trucking companies and independent operators may face, and we are committed to helping truckers get the funding they need to stay on the road. If you would like to learn more about our freight factoring services, contact us today at 800-207-7661.

Tags: TBS Factoring Service, Fuel Rebates, trucking news, Pilot Flying J

OOIDA Appeals Decision on Pilot Program with Mexico

Posted by Genie Wood on Fri, Jun 07, 2013 @ 07:57 AM

The Owner-Operator Independent Drivers Association (OOIDA) has filed an appeal to overturn a recent court decision which enables commercial trucking operators from Mexico to operate on U.S. roadways with a Mexican-issued trucking license. This pilot program, run by the Department of Transportation, is intended to increase trade between the two countries by reducing barriers to transportation. 

However, the OOIDA argues that this program unfairly disadvantages truck drivers in the United States. According to the OOIDA, trucking safety regulation standards are considerably more strict in the United States than in Mexico, so treating Mexican-based trucking operations as equivalent to American-based operations allows Mexican truckers to evade many of these restrictions, harming the job security of American truckers and making highways less safe. 

At TBS Factoring Service, we understand the challenges that independent trucking operators face, and we are committed to helping truckers stay on the road. Contact us today at 800-207-7661 to speak with a qualified member of our staff and learn more about what our factoring services may be able to do for you.

Tags: TBS Factoring Service, independent trucking operators, trucking news, OOIDA, trucking factoring

Louisville Hosts Mid-America Trucking Show

Posted by Genie Wood on Fri, Mar 22, 2013 @ 03:22 PM

The 42nd annual Mid-America Trucking Show comes to Louisville this year. Considered to be the largest heavy-duty trucking event internationally, the Show is expected to attract upwards of 70,000 trucking industry professionals from all 50 states for three days from March 21st-23rd. The event is expected to bring upwards of $14 million to the regional economy.

The Mid-America Trucking Show is an industry trade show that allows trucking professionals from around the country to research and evaluate the latest products and services in the trucking industry, as well as to network with peers and establish working connections. For many independent trucking operators across the country, this event is annually one of the most important on their schedule.

At TBS Factoring Service, we understand the ins and outs of the trucking industry, and always do our best to help independent trucking operators with their cash flow needs. If you are interested in learning more about our freight factoring services, contact us today at 800-207-7661.

Tags: TBS Factoring Service, trucking news, freight factoring, Mid-America Trucking Show

5,600 Jobs Added in February

Posted by Genie Wood on Fri, Mar 08, 2013 @ 12:25 PM

Estimates released by the Bureau of Labor Statistics show that 5,600 jobs were added by for-hire trucking companies in February of 2013. These added jobs contribute to a total of over 21,000 jobs being added to the trucking industry since November 2012.

This increase is a 3.2% jump from the total number of jobs in the trucking industry at this time last year. Additionally, these numbers for trucking-related jobs are only reflective of for-hire trucking companies; they do not include jobs added to or taken from private trucking companies or other trucking-related industries.

Despite the increase in the number of trucking-related positions and the overall decrease in national unemployment, truckers and trucking companies may still find themselves facing financial burdens, especially when customers fail to pay for services rendered in a timely manner. Fortunately, there are easier ways to get the money that you are owed in such a situation. With the help of TBS Factoring Service, you can get the money you are owed now, relieving you of the burden of waiting for your payment. Call 800-207-7661 to speak with a representative about your options for getting your money more quickly.

Tags: TBS Factoring Service, trucking news, freight factoring, new trucking jobs

Commercial Vehicle Group Experiences Fourth Quarter Loss

Posted by Genie Wood on Fri, Feb 22, 2013 @ 01:42 PM

Although 2012 was a better year overall for Commercial Vehicle Group, Inc., the Ohio-based company ended 2012 with a quarterly loss.

The commercial truck parts manufacturer out of New Albany, Ohio, reported a loss of $5.6 million for the final quarter of 2012 compared to the company’s $10.1 million profit in the same quarter last year. 

President and CEO, Mervin Dunn, believes the weak market conditions the company experienced in the third and fourth quarters last year will not last. In response to the losses, Dunn said the company has reduced labor and other costs to “minimize the impact of lower volumes,” while simultaneously not sacrificing any long-term growth plans. 

Despite weak third and fourth quarters, Commercial Vehicle Group’s profits rose from $18.6 million in 2011 to $50 million in 2012. Additionally, sales were up $25.9 million from the previous year.

Commercial Vehicle Group, Inc., specializes in making truck cabs, wire harnesses, and other parts.

Financial problems in any part of the trucking industry can have serious effects on professionals in all parts of the industry. If you are having trouble making ends meet, find out what freight factoring can do to help your business. Call TBS Factoring Service, LLC, today at 800-207-7661 to learn more. 

Tags: TBS Factoring Service, truck parts manufacturing, trucking news, Trucking Industry, truck factoring

California Construction Trucking Association Fights California Emissions Regulations

Posted by Genie Wood on Fri, Feb 15, 2013 @ 03:16 PM

The California Construction Trucking Association (CCTA) is fighting a legal battle against the California Air Resources Board’s (CARB) new regulations for trucks operating in California. The CARB’s guidelines will likely require most diesel-powered trucks operating in California to be replaced entirely in order to comply with 2010 EPA emissions standards for vehicles operating on California’s roads.

According to the CCTA, this regulation violates federal laws, which prevent states from creating laws which affect the price, routes, or services of motor carriers. However, because of EPA regulations which were released after the original litigation began, the state-federal distinction has become confused, and it may be some time before there is any certainty about the state of trucking regulation in California.

At TBS Factoring, we understand how issues such as these can prove difficult, particularly for independent trucking operators, complicating revenue projections and potentially limiting access to one of the nation’s most important economic centers. That’s why we are dedicated to ensuring that truckers have a reliable cash flow stream through our factoring services. To learn more about what we can do for you, contact us today by calling 1-800-207-7661.

Tags: TBS Factoring Service, Emissions Regulations, California trucking, trucking news, freight factoring

Trucking Industry Faces New Hours of Service Regulations

Posted by Genie Wood on Fri, Feb 08, 2013 @ 01:38 PM

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. 

Tags: TBS Factoring Service, trucking regulations, hours of service regulations, factoring, trucking news

States Waive Skills Tests for Veterans Pursuing Commercial Driver's License

Posted by Genie Wood on Fri, Jan 18, 2013 @ 02:16 PM

Maryland and 33 other states in the U.S. have recently opted to waive the skills portion of commercial driver’s licensing procedures for veterans whose experience in the armed forces has given them the training considered adequate to qualify for such licensing. The rules will apply to active duty, Reserve Guard, and Coast Guard members, and is intended to help those who have served their country to more easily transition into a career in the civilian workforce.

At TBS Factoring Service, we are dedicated to helping independent truck drivers who have served their country to get the reliable funding they need to make their business a success. If you need help with freight bill factoring, contact the freight factoring specialists of TBS Factoring Service today at (800) 207-7661.

Tags: commercial driver's license, trucking news, freight factoring, truck factoring