T2K_10-17_OnlinEdition

OCTOBER 2017
GENERAL MANAGER
Megan Hicks
SALES MANAGER
Jerry Critser
ADMINISTRATIVE STAFF
Tammy Borrelli
Charlene Abernathy
CREATIVE DIRECTOR
Chad Singleton
EDITOR
Sean O’Connell
ADVERTISING ACCOUNT EXECUTIVES
Roger Fair
1.256.676.3688
rogerf@targetmediapartners.com
Sean Hayes
1.256.405.4017
seanh@htwoservices.com
John Hicks
1.770.418.9789
johnh@targetmediapartners.com
Meg Larcinese
1.678.325.1025
megl@targetmediapartners.com
Greg McClendon
1.678.325.1023
gregmc@targetmediapartners.com
Carol Trujillo
1.213.221.9993
CarolT@targetmediapartners.com
COLUMNS
Bulletin Board...........................20
Highway Angel..........................40
Bottom Line..............................52
Advertiser’s Index.....................64
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TRUCKING 2017 • (256) 835-7610
TRUCKING 2017

CA, CarriersEdge Open 2018 Best
Fleets Competition
In the modern trucking industry, it is not
enough for a company to transport goods from
one place to another — every company does
that. What distinguishes the top tier, best-of-thebest
companies from the rest of the pack, are
the exceptional cultures they cultivate, enticing
every member of their workforces to buy into
their missions.
Since 2008, the Truckload Carriers Association
(TCA) and CarriersEdge have sought to
identify and recognize these top tier carriers
and exactly what makes them so successful, and
have opened the 2018 Best Fleets to Drive For
contest and survey for nominations.
For a company to be eligible for the contest, a
for-hire fleet must have 10 or more trucks and
operate in the U.S. or Canada and a professional
truck driver must nominate the company online
at BestFleetsToDriveFor.com. TCA membership
is not required. The nomination period is open
between September 5 and October 31, 2017.
Trucking Industry Celebrates
Start of National Truck Driver
Appreciation Week
American Trucking Associations held the
weeklong celebration of the trucking industry’s
3.5 million professional truck drivers by
formally announcing the start of National Truck
Driver Appreciation Week.
“This week was created to commemorate and
support the industry professionals who work
daily to deliver America’s goods,” said ATA
President and CEO Chris Spear. “Truck drivers
are hardworking men and women who practice
safety on the roads and serve as the faces of our
industry. These drivers improve our collective
quality of life by making personal commitments
to safety and delivering our critical goods like
medicine, food, building supplies and clothing.”
National Truck Driver Appreciation Week
went from September 10-16, and provided the
trucking industry an opportunity to highlight
the efforts of professional truck drivers. More
than 80% of U.S. communities rely exclusively
on truck drivers to deliver their goods and
commodities,
including the most
remote towns and
territories that
are unreachable
by other modes
of transportation.
Recently, thousands of professional truck
drivers have assisted and continue to assist the
relief efforts for places impacted by Hurricanes
Harvey and Irma, serving as critical responders
to the disaster.
“Truck drivers work day in and day out to
make our jobs possible, our shopping more
convenient, and our roads a lot safer,” said
Manning. “Truck drivers are entrusted with
large vehicles, yet we know we can rely on
them to be fully aware of their surroundings on
the road and make good decisions. They make
safety their responsibility and truly deliver
everything that makes our economy function.”
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Boyd Bros. Transportation
Announces 4 CPM Pay Increase
for Company Drivers
Boyd Bros. Transportation has recently
announced a 4 cent per mile pay increase for
company drivers went into effect September
5. The
new pay
package
will also
include
a $900
weekly pay guarantee for the fleet.
The 4 cents per mile increase is available
to company drivers across the board, and
will apply to all loads picked up on and after
September 5.
“I feel like I won the lottery,” said seventeenyear
Boyd Bros. veteran driver, Ricco Ponce-
Antonetty. “Boyd has been good to my family. I
wouldn’t work for any other company.”
Additionally, all company drivers are eligible
for the $900 weekly guaranteed pay. The weekly
guaranteed pay is offered to students who
graduate from the Boyd Bros. training program,
as well as all current company drivers.
“Our drivers make much more than $900 per
week,” stated Boyd Bros. CFO, Dwight Bassett.
“We just wanted to take away financial concerns
so that drivers can focus on what they do best,
drive. We are also, eliminating the perceived
risk that typically accompanies the start of a job
with a new company.”
For more information on the services and
career opportunities at Boyd Bros, as well as
their new pay package, visit www.driveforboyd.
com or call (888) 485-8717.
Bendix CVS Relays Gratitude To
Nation’s Truck Drivers
Trucking is motion. Roadways, regulations,
and commercial vehicle technologies are always
changing, evolving, and advancing. During
National Truck Driver Appreciation Week,
the industry spotlights one of the constants
in the landscape: the men and women behind
the wheel who put their dedication to safety
and professionalism to work every day, every
minute, and every mile.
Bendix Commercial Vehicle Systems offers
its sincere gratitude and support to America’s
truck drivers for keeping the U.S. economy
rolling, and striving to make highways safer for
everyone.
“The importance of America’s 3.5 million
truck drivers
to our nation’s
economy
cannot be
understated,”
said Fred
Andersky,
Bendix director
of government
and industry affairs. “Without them, goods
aren’t delivered, services aren’t rendered, and
countless aspects of the country would come to
a standstill.
“And even as it seems every week brings
buzz about a new technology that’s going to put
driverless trucks on the freeway in just a matter
of days, Bendix is fully committed to working
in support of truck drivers who have been, are,
and will be the key to trucking transportation for
a good while to come.”
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“You are a
product of your
environment.
So choose the
environment that
will best develop
you toward your
objective. Are the
things around you
helping you toward
success - or are
they holding you
back?”
– W. Clement Stone,
businessman and
philanthropist
WISE DRIVER TIP: Put your driving
career in an environment it can grow
and thrive. At Wiseway we care about
each of our drivers and giving them
the support to achieve their goals.
Many drivers are making a wise career
choice and choosing Wiseway.
Transportation. Here’s why:
• COMPETITIVE PAY AND BENEFITS
• OUTSTANDING SUPPORT TEAM
• HOME ALMOST EVERY WEEKEND
• GENEROUS SAFETY BONUSES
• AND MUCH MORE!
WHO ARE WE LOOKING FOR?
If you are a company driver living in
MN, WI, IL, IN, MI, OH, TN, MS or NC and
at least 23 years of age make the wise
choice and call us today!
CALL US AT
888-202-8099 OR
LEARN MORE AT WWW.JOBSATWISEWAY.COM

TCA Names Stagecoach Cartage
& Distribution Driver,
Adrian Parada, As Highway Angel
The Truckload Carriers
Association has named Adrian
Parada, a driver for Stagecoach
Cartage & Distribution, a
Roadrunner Transportation
Systems company, as a Highway
Angel for his life-saving
assistance to a pickup driver
whose vehicle caught on fire.
Parada, from El Paso,
Texas, is being honored
during National Truck Driver
Appreciation Week and will be
recognized at the Stagecoach
Cartage & Distribution
corporate office in El Paso
by fellow drivers and company
representatives.
Adrian Parada
safety. Reports state there were
two explosions and the driver
experienced burns to his knees,
feet and arms, but was safely
away from the vehicle — thanks
to the quick action by Parada.
Parada was nominated for
the award by Jennie Valenzuela,
vice president of human
resources, safety, for Stagecoach
Cartage.
Valenzuela said, “When I
expressed my appreciation to
Adrian, he humbly said, ‘I did
what anyone else would do.’”
Parada joins fellow
Stagecoach drivers Jaime Avitia,
Jimmie Torres and Juan Varela, who
At 3 a.m. the morning of October
25, 2016, Parada was in Ft. Stockton,
Texas, purchasing fuel when he
observed a pickup truck on fire. He
immediately called fellow Stagecoach Cartage
driver Mario Guerra, asking him to call 911.
Meanwhile, Parada went to see if the driver
in the pickup needed assistance. As Parada
approached the vehicle, he saw the driver
attempting to get out of the truck. The driver
fell as he exited and Parada pulled him to
have been nationally recognized in
the past.
Genuinely selfless in their actions,
the Highway Angels are typically
nominated by their employers, fellow
professional truck drivers, or the motorists
they’ve assisted out on the road. Once
nominated, TCA investigates and verifies the
details involved before recognizing the driver
as a Highway Angel.
Roadrunner is a leading asset-right
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transportation and assetlight
logistics solutions
provider offering a full
suite of services under
the Roadrunner Freight,
Roadrunner Express, Roadrunner Temperature
Controlled, Roadrunner Truckload Plus,
Roadrunner Intermodal Services and Ascent
Global Logistics brands.
The Roadrunner brand offers services
including less-than-truckload, air and ground
domestic and crossborder
expedite, dry
The driver fell as
he exited and Parada
pulled him to safety.
van and temperature
controlled truckload
logistics and intermodal
services. The Ascent Global Logistics brand
offers domestic freight management, retail
consolidation, international freight forwarding
and customs brokerage solutions. For more
information, please visit Roadrunner’s websites,
rrts.com and ascentgl.com.
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The
Bottom Line
By Shasta D. May
GOING OUT ON YOUR OWN?
BUSINESS ENTITIES
(SOLE PROPRIETOR & PARTNERSHIPS)
PART 3
Now that you have made the decision
to operate your own trucking business, you
have to choose the type or form of entity
from which to run your company. Are
you operating by yourself or are you going
to have a partner? Do you need to be
incorporated or does a sole proprietorship
meet your needs? What about a limited
liability company? Sole Proprietor
and Partnerships are detailed below.
Limited Liability Company (LLC’s) and
Corporations will be discussed next month.
SOLE PROPRIETOR
A sole proprietorship is the most widely
used form of operating entity in business. It
is the simplest and the easiest. You need
only one bank account, which means that
you can mix your personal and business
money in the same account. However,
we recommend that you have a separate
business account. Bookkeeping is simple,
in that you only have to record your income
and expenses. You do not have to account
for your assets or
liabilities. As far as
the owner-operator
is concerned, he/she
must keep track of the
money received and all
expenses in connection
with the business.
Only one income tax
return is required when
operating as a sole
proprietor. The income
from your business
is reported on your
personal tax return on
a Schedule C (Profit
or Loss of Business).
There are no payroll
requirements for the
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owners of a sole proprietorship since they
simply write checks to themselves. This
is known as owners draw. However, you
will need to make estimated tax payments
in order to prevent penalties and interest.
When you purchase equipment, it is written
off through depreciation and is deducted on
the Schedule C.
There are several factors to consider
before deciding to be a sole proprietor. One,
you could suffer illness or injuries which
can prevent you from bringing in an income.
It will be difficult to find someone to run
your business if you are unable. You would
probably have to hire a driver temporarily.
To protect yourself against the occurrence
of injury or illness, it is recommended
you have disability insurance policy. You
should also check out business interruption
insurance since all responsibilities rest on
your shoulder. As a sole proprietor, you are
responsible for 100 percent of the decisions.
You are in control.
REQUIREMENTS
Simple bookkeeping requirements,
bookkeeping system must show income
and expenses. The sole proprietor reports
all business income and expenses on his/
her personal tax return (1040-Individual Tax
Return/Schedule C – Profit or Loss from
Business. Income taxes paid quarterly.
ADVANTAGES OF SOLE
PROPRIETORSHIP
A sole proprietorship offers the simplest
form of business operation with minimum
legal restrictions for a one person business.
An additional tax return is not required
for the business. Easy to start-up and
discontinue.
DISADVANTAGES OF SOLE
PROPRIETORSHIP
Unlimited liability, a sole proprietor is
liable for all business debts and actions.
Bottom Line
PARTNERSHIP
Another form of business operating entity
is the partnership. The partnership has two
or more owners, and they do not have to be
equal nor do they have to share equally in
the profits. The partnership is a separate
entity and needs its own bank account. The
bookkeeping requirements are more complex
than those of a sole proprietorship but less
stringent than those of a corporation. The
partnership requires its own tax return:
Form 1065. The income from a partnership
is reported on a Schedule K-1 (Partner’s
Share of Income, Credits, Deductions, etc.).
Like the sole proprietorship, there are no
payroll requirements for the partners. The
money is taken out as needed, which is
known a partnership draw. Each partner
will need to make estimated tax payments
to prevent penalties and interest on their
percentage of profits.
There are similar factors to consider
when you are in a partnership when
comparing it to a sole proprietorship, such
as illnesses and injuries. If you suffer injury
or illness, you then have a partner to help
run the business. You should still purchase
disability insurance to protect yourself in
case of injury or illness. In a partnership,
you are sharing the responsibility with
someone else so you don’t have 100 percent
of the burden on your shoulders.
Remember, you do have a partner
and there can be differences of opinion
The
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concerning methods of operation. You
should have a written partnership agreement.
This agreement should include language
on how the profits are to be divided, the
percentage of ownership and buyout
provisions. Address the possibilities of
long-term absences due to illness and injury.
Problems can also arise when one partner
decides to leave the partnership. There
should be buyout provisions to cover the
inevitability of a partner leaving. If one
partner has a larger ownership percentage
than another, for example 60 percent to
40 percent, the one with 60 percent then
has the power to make all final decisions.
Often people become involved in business
partnerships with friends, family, domestic
partners, etc. without a written business
agreement. It is important that issues be
addressed with potential business partners.
We recommend having an attorney draft all
agreements.
Bottom Line
The
REQUIREMENTS
Depending on the level of income and
assets a balance sheet may be required.
Double entry accounting is usually
recommended for partnerships. A partnership
tax return is filed. Partners are taxed on
their share of partnership earnings on their
personal tax return.
ADVANTAGES OF PARTNERSHIPS
A partnership can be a good way to
combine the abilities of two or more
individuals in one venture. You can benefit
from the skills and business abilities of
several people.
DISADVANTAGES OF PARTNERSHIPS
In a partnership the general partners are
liable for the actions of the other partners.
Partnerships can be difficult to get out of.
Besides the sole-proprietorship, the two
most popular forms of operating entities are
LLC’s and S-Corporations which will be
reviewed next month.
This article has been presented by MBA
Tax & Bookkeeping Service, a company proud
to provide Corporate/LLC filings, income tax,
bookkeeping and IRS problem resolution
services to truckers in all states. If you would
like additional information or have questions,
calls are always welcome. Contact us at
888-407-1669 or visit our website at www.
mbataxhelp.com.
This article is provided for informational
purposes only and is not intended as legal or
tax advice. Each individual business situation
is different and the information contained
herein is meant for general information
purposes only. Specific tax and legal
recommendations can only be made after an
individual has consulted his or her qualified
tax or legal professional.
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ADVERTISERS INDEX
Alabama Motor Express.......................28
Arctic Express...................................... 23
Baggett Transportation.........................32
Beacon Transport............................. 6, 63
Big M...................................................24
Butler Transport................................... 27
Carrier One..........................................12
Celadon ........................................... 5, 65
CFI ...................................................... 43
Climate Express, Inc............................16
Coal City Cob......................................49
Dot Line............................................... 55
EM Way Inc.........................................60
E W Wylie............................................48
Freight Logistics.................................. 61
Harris Quality................................28, 42
Hurricane Express................................ 17
JK Hackl...........................................9, 68
JMN Logistics...................................... 15
Johnsrud Transport.......Cover, 2-3, 46-47
Lessors, Inc..........................................34
Logix Transportation........................... 51
Marten Transport............................. 7, 67
Martin Transport..................................38
Melton Truck Lines........................ 14, 45
Miller Transporters.............................. 53
Miller Truck Lines...............................60
Minstar................................................. 37
Montgomery Transport........................ 25
New Waverly..................................58-59
Nu Way................................................50
P.I.&I. Motor Express.......................... 21
PGS 360...............................................62
Roehl....................................................10
Royal Trucking....................................44
RTI...................................................8, 66
Schuster................................................ 35
Smith Transport............................. 11, 57
Star Freight..........................................26
Sterry Street Towing & Auto............... 31
UPS Truckload..................................... 13
US Xpress................................18, 33, 39
Western Express ................ 19, 29, 36, 41
Wiseway Transportation Services........30
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