The Looming Fiscal Cliff and What It Means To The Trucking industry.

fiscal cliff cottrell trailers

I know of very few working people who have not heard the term “fiscal cliff”. The trucking industry is no different. The question is, what is the reaction of trucking companies and what are they doing to prepare. Well according to an article at Trucker.com

Not a lot

According to the article, a large number of trucking company owners and executives are waiting to see if we actually are going to end up going over that proverbial cliff. Demand for just about anything is down, as consumer income is way down.

You do not need market research to know that the economy has its challenges. One other thing to consider. We are not starting fresh on our economic cliff dive if we go. We have already been over one huge cliff in 2008 and really have not recovered.

What I think the real fear is what the fallout will be if we go into 2013 with

  • higher taxes
  • less revenue
  • more expenses

Realistically, we need to address the problems that sent us over the first fiscal cliff which is lack of jobs and industry to employ people so they can spend money and stimulate the need for trucking.

The current plan of political infighting, endless Chinese exports, and decreasing wages will send us over another financial cliff inevitably whether we solve the tax debate or not...

http://www.thetrucker.com/News/Stories/2012/12/13/MostcarriersinparkedmodewhilewaitingonfiscalcliffsaysTCPreport.aspx

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Changes For The CSA On The Way?



I pulled an article from Overdrive Online that goes over the new CSA adjustments to the scoring system. I am no going into the full detail of the proposed changes but here are a few significant alterations:

  1. The CSA system will show if a suspension is safety or non safety related
  2. No more speeding violations in 5 miles or less per hour range
  3. Changes in the categorization of cargo/ securement violations including HAZMAT

Overall, not major changes but at least the process is there to begin evaluating..and improving the CSA system

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