Industry insights and news from the Holt Truck Finance team.
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In January 2025, two interstate truck drivers filed a federal lawsuit against Minnesota officials, contesting the state's refusal to recognize firearm permits issued by other states. The plaintiffs, supported by the Liberty Justice Center, argue that this policy infringes upon their Second Amendment…
The Federal Motor Carrier Safety Administration (FMCSA) has implemented a significant regulatory change affecting commercial drivers nationwide. As of November 18, 2024, state driver licensing agencies (SDLAs) are mandated to downgrade commercial driver's licenses (CDLs) and commercial learner's per…
Introduction The Federal Motor Carrier Safety Administration (FMCSA) Truck Leasing Task Force has urged Congress to ban carrier-controlled lease-purchase agreements. Their report highlights the exploitative nature of these agreements, emphasizing the undue financial and operational control exerted…
Managing fuel expenses is a critical aspect of fleet operations. However, hidden fees associated with fuel cards can disrupt budgeting and erode trust. Transparent fuel card pricing is essential for streamlined operations and predictable costs. Below, we explore key considerations and actionable ins…
Top Deals on Heavy-Duty Trucks and Trailers – Don’t Miss Out! Looking to expand your fleet with high-quality trucks and trailers at unbeatable prices? Check out these incredible deals: Client Trucks and Trailers for Sale 2016 Western Star 5700EX Engine: DD13 Transmission: D12…
Section 179 Deduction Guide for 2024: Maximizing Your Business Tax Savings Overview of the Section 179 Deduction for Small Businesses in 2024 The Section 179 Deduction is a critical tax incentive designed to assist small and medium-sized businesses by allowing them to write off the full cost of qu…
The trucking industry is facing an era of transformative regulations, with owner-operators finding themselves at the center of ongoing debates regarding labor classifications, emissions standards, and rising operational costs. As independent contractors in an industry subject to extensive government…
The Veteran Improvement Commercial Driver License Act represents a significant milestone in enabling veterans to transition into civilian careers, particularly in the trucking industry, which faces an ongoing driver shortage. This newly passed legislation streamlines access to Commercial Driver Lice…
Discover the pressing issue of the Class A CDL truck driver shortage, its impacts on the economy, and the measures being taken to address this critical gap in the transportation industry. Introduction Have you ever wondered why your Amazon package took a little longer to arrive? Or why grocery…
Introduction The trucking industry serves as the backbone of the American economy, responsible for the movement of goods across the nation. However, the sector is currently facing significant challenges, often referred to as a trucking recession. This comprehensive analysis delves into the number…
