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MTAC Staff2020-05-14 11:17:512020-05-14 11:24:26The Transportation Professional, Q1 Spring 2020
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MTAC Staff2020-05-14 11:17:512020-05-14 11:24:26The Transportation Professional, Q1 Spring 2020
Expect a ‘checkmark’ recovery, says economic expert
/in COVID-19, News /by MTAC StaffFrom Fleet Owner. “By ending the lockdown, I think we did the right thing and we got the economy growing again,” said Dr. Jeffrey Rosensweig, director of the John Robson Program in Business, Public Policy & Government at Goizueta Business School of Emory University. Rosensweig, provided insights on economic trends affecting the heavy-duty commercial vehicle […]
Trump’s ‘tax holiday’ has few takers in Connecticut
/in News /by MTAC StaffFrom CT Mirror. It’s been two weeks since President Donald Trump offered employers a way to temporarily fatten their worker’s paychecks, but in Connecticut there have been few takers. Using his executive authority, Trump has allowed the nation’s employers to defer the payment of certain payroll taxes from Sept. 1 through the end of the […]
Fed signals rates will stay near zero for at least three years
/in News /by MTAC StaffFrom Transport Topics. The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic. The Federal Open Market Committee “expects to maintain an accommodative stance of monetary policy” until it achieves inflation averaging 2% over time, and […]
Compliance Alert: Issues with extended vehicle registrations
/in COVID-19, News /by MTAC StaffMTAC members are aware that the Connecticut Department of Motor Vehicles (DMV) has issued three separate extensions of expiring credentials, due to the COVID-19 pandemic. This message is to emphasize that these extensions are separate from each other. They are: A 180 day extension for credentials that expired between March 10, 2020 and June 30, […]
US Treasury’s Main Street Lending Program
/in COVID-19, Member News /by MTAC StaffThe U.S. Department of Commerce has invited MTAC members to participate on a conference call to learn about the US Treasury’s Main Street Lending Program. The call is on Monday, Sept. 21 at 2 p.m. ET. See information below on how to register for the call, so you can determine if your business is eligible […]
Renew extended credentials now
/in News /by MTAC StaffMTAC has been advised that most motor carriers are waiting until the end of applicable credential extensions to begin renewing their vehicle registrations. This is not good, as it could cause a bottleneck of paperwork at DMV and contribute to potential delays in processing that would impact all carriers. Perhaps more importantly, MTAC members should […]
Connecticut’s sexual harassment prevention training law
/in News /by MTAC StaffMTAC has recently received questions from members about Connecticut’s sexual harassment prevention training law, known as the Time’s Up Act. There are a few key provisions regarding sexual harassment prevention training in the law, which was passed during the 2019 legislative session. For companies with three or more employees, those provisions include: Any employee (supervisors […]
Trucking industry asked to rank top concerns
/in News /by MTAC StaffFrom ATRI. The American Transportation Research Institute, the trucking industry’s not-for-profit research organization, today launched the 2020 Top Industry Issues Survey. The annual survey asks trucking industry stakeholders to rank the top issues of concern for the industry along with potential strategies for addressing each issue. Now in its 16th year, ATRI’s annual analysis not […]
FMCSA pilot would allow younger drivers in interstate commerce
/in News /by MTAC StaffFrom Transport Topics. The Federal Motor Carrier Safety Administration has announced a proposal and request for comment on a new pilot program to allow drivers ages 18-20 to operate commercial motor vehicles in interstate commerce. A Sept. 4 Federal Register notice said the agency proposes to allow 18- to 20-year-old commercial driver license holders to […]
IRS Guidance: Employee Social Security deferral
/in News /by MTAC StaffFrom Wipfli. On August 28th the IRS issued Notice 2020-65 providing guidance on implementation of the August 8th presidential executive order that allows the deferral of employee social security taxes for the period September 1, 2020 through December 31, 2020. The deferral of the employee taxes is not mandatory and employers will need to decide […]