Transportation Monthly Round Up - May 2024
It’s tax season again? Get ready to pay your heavy vehicle use tax (HVUT).
The new tax year begins July 1, so be ready to file Form 2290 and pay the tax if your company has vehicles that are:
- used on the highway;
- with a taxable gross weight of 55,000 pounds or more (including trucks, tractors, and buses); and
- registered in the U.S., Canada, or Mexico.
- The empty gross weight of the vehicle, plus
- The empty weights of any attached trailers, plus
- The heaviest weight of the loads the vehicle and/or trailers will carry.
Members of the Public Service Alliance of Canada (PSAC) who work for the Canada Border Services Agency (CBSA), have voted overwhelmingly to strike as early as June.
Ninety-six percent of members voted in favor of job action during votes held from April 10 to May 23, the union announced. In 2021, job action by CBSA nearly brought commercial cross-border traffic to a halt.
Mediation sessions are set to begin June 3. The union will be in a legal strike position upon the release of a Public Interest Commission report, expected to be released before then. A strike action could come as early as June, coinciding with a busy travel season between the U.S. and Canada.
A new J. J. Keller analysis of DOT enforcement data reveals the price that motor carriers are paying for violating federal safety regulations.
For example, one of the most common violations -- false logs -- resulted in an average fine of over $7,000, while failing to keep driving records cost carriers about $750 on average.
More common violations and average fines are available in an article recently posted to Compliance Network.
That’s it for this month’s roundup. Stay safe, and thanks for watching.