Apr 15, 2021
Past SuperTruck concepts from Volvo, Navistar and Freightliner involved diesel powertrains, principally. The third funding opportunity from the DOE for the SuperTruck program prioritizes battery-electric, hydrogen and hydrogen fuel-cell power plants across truck size spectrums.
One of two experienced operators serving on a distinguished panel today summed up many owner-operators thoughts about major technology advances after U.S. Department of Energy Secretary Jennifer Granholm announced a third round of Super Truck funding.
Joel Morrow, driver and specifications manager with small-mid-size fleet Ploger Transportation, stressed the importance of ensuring that the latest technologies are ready for the real world.
Joining Morrow and Granholm on the panel were Clark Reed, driver with Nussbaum Transportation; two other federal officials; and North American Council for Freight Efficiency Executive Director MIke Roeth.
Rebuild the engine or trade the truck?
overdriveonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from overdriveonline.com Daily Mail and Mail on Sunday newspapers.
Rebuild the engine or trade the truck?
overdriveonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from overdriveonline.com Daily Mail and Mail on Sunday newspapers.
February 25, 2021
Ask Gary is a series detailing owner-operator business challenges and how operators can navigate toward success. Gary Buchs, a former Owner-Operator of the Year, spent 17 years as an independent contractor at Landstar before retiring in 2019. He now coaches owner-operators and also hosts the Truck Business Forum group on Facebook. Buchs can be reached at truck.biz.coach@gmail.com.
The situation: An owner-operator who had a solid year and turned a strong profit has found a tax preparer who told her she has “too much profit.” The preparer said she needs to find ways to spend down those hard-earned gains, possibly even buying a new truck, to avoid paying taxes. The owner-operator contacted the tax preparer because they promised to cut her tax liability to little or nothing. Should the operator start a spending spree to reduce her business’ income so as to avoid paying taxes? Or pony up and pay the taxes and spend the proceeds in other ways?
Too much profit? Watch out for the tax-avoidance trap
overdriveonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from overdriveonline.com Daily Mail and Mail on Sunday newspapers.