2025 Brake Safety Week is August 24-30
The Commercial Vehicle Safety Alliance’s national Brake Safety Week will be in full force August 24–30.
Restaurant Stimulus Gives Truckers a Break
Owner/operators are one of the beneficiaries of a measure enacted by the federal government to help restaurants recover from the pandemic. Instead of deducting 80% of the cost of restaurant meals on the road, truckers may now deduct 100% of such expenditures for tax years 2021 and 2022. Obviously, anyone who takes advantage of this deduction should retain proof in the form of restaurant receipts in case of an audit.
ICSA does not give financial or tax advice, so we urge you to consult a tax accountant before you file your taxes to take full advantage of this change.
U.S. Senate Targets Cargo Theft
Proposed legislation in both the U.S. Senate and the House of Representatives would provide resources to ensure cargo theft investigations are coordinated among and between federal, state and local jurisdictions.
Ops Costs Ex-Fuel Continue to Rise
According to new research published by American Transportation Research Institute (ATRI), the “average cost” to operate a commercial truck in 2024 was $2.260 per mile.