Trucking Industry is vital to our nation’s economy and plays a significant role in moving freights internally. Intrastate and interstate trucking is connecting the important routes across the country. According to a ATA release our economy depends on trucks to deliver ten billion tons of virtually every commodity consumed—or nearly 70 percent of all freight transported annually in the U.S. In the U.S. alone, this accounts for $671 bill ion worth of goods transported by truck.Add $295 billion in truck trade with Canada and $195.6 billion in truck trade with Mexico and it becomes apparent that any disruption in truck traffic will lead to rapid economic instability.
Every commercial truck driver is expected to drive up to fourteen hours straight a day, receiving roughly ten hours off prior to the beginning of the next shift. Legislation regulating the amount of driving a trucker performs over the course of a day and week does exist, but these rules are commonly bent and broken. Mainly because of less potential commercial truck drivers available to take up this challenging job. Truckers rarely receive more than one day of work off a week. The chance of dying on the job is extremely high, with deaths of truckers in auto accidents accounting for 12% of all work related deaths in the United States. Truck driving is one of the 10 deadliest jobs in America as quoted by Forbes.
Every day, Americans purchase billions of dollars of groceries. Most of these goods are brought to market via daily truck deliveries. Both healthcare providers and consumers rely on regular delivery of medications and healthcare supplies to hospitals , pharmacies, nursing homes and other healthcare facilities. Trucks deliver nearly all of these supplies.
The impact of a truck stoppage would not be limited to highway transportation but would
affect all modes of transportation. Trucks are the fundamental unit within the transportation
and manufacturing sector. Trucks transport just about all cargo to and from air and rail terminals and maritime ports. Trucks also deliver fuel to the majority of rail yards. The Air Transport Association estimates that trucks account for approximately 80 percent of the fuel deliveries to the nation’s airports. Truck transport is the mechanism for fuel delivery to service stations and truck stops.
The Environmental Protection Agency estimates that Americans generate more than 236
million tons of municipal or household waste annually. This does not take into account
manufacturing, medical, or other types of commercial waste. A disruption of truck deliveries to retail outlets will have serious effects on both consumers and retailers. Even with today’s high-tech electronic exchange of currency and information, trucks play a critical role in transporting hard copies of financial documents and currency. Disruption of
truck deliveries to banks and ATMs will paralyze the banking industry, affecting both
consumers and businesses. The bottom-line: cash is still heavily used as legal tender.
A truck stoppage in the Great Lakes region will close down auto manufacturing, steel mills,
and other major industries, not only putting thousands of workers out of work, but also
disrupting the flow of automobiles and steel products to the rest of the nation. A stoppage at
harvest time in or around any of the nation’s agricultural regions will cut off the transport of
fresh foods, such as fruits, vegetables, and grains. Not only would Americans be deprived of
fresh foods, the economic impact to the farming industry would be devastating.
Consider a truck stoppage in the states around Washington, D.C. The federal government will be slowed down within a week and could grind to a halt within two or three weeks. Oh! this it getting into serious business then. It is opt to conclude that when trucks stop, America stops. Thanks ATA for a detailed analysis on how important trucking and truck are for every Americans in their livelihood.
Truckers Tax and Reporting
Truckers annually report the highway heavy vehicle use tax for their motor vehicle weight 55,000 pounds or more to the federal in return IRS issues a stamped schedule 1 copy as proof for payment of this tax. This is required to be produces when asked for when you on road. E-file is required if you report 25 or more vehicles and e-file is simple and quick at http://www.TruckDues.com. Get your return processed faster and quick, and receive the schedule 1 copy in minutes. Normally Form 2290 is due by Aug. 31st and you can call +1(345) 515 – 2290 for further support.