If you own or manage a fleet of vehicles in the U.S. or Canada, you are likely familiar with the International Fuel Tax Agreement (IFTA). The IFTA is an agreement between the lower 48 United States and ten Canadian provinces for the reporting of fuel use by trucking companies operating in multiple jurisdictions. The IFTA was established in order to make it easier for transportation companies that own a fleet of vehicles to report and pay their fuel taxes.
How Does the IFTA Work?
Motor vehicles with a gross vehicle weight of 26,000 pounds or more, and/or three or more axles, along with any trucks used across state lines or the US/Canada border, are required to comply with the IFTA.
To be compliant with the IFTA, IFTA carriers have to be registered with the International Registration Plan (IRP). All qualified trucks are provided with decals that must be replaced annually and displayed at all times.
When your business is renting equipment, you know that you can’t afford to be regularly losing equipment. When a construction company loses assets like tools or other equipment, it may be an unwelcome expense to the company, but they can replace it and continue doing the work that is bringing in their revenue.
However, when an equipment rental company loses their assets, that means they lose the main sources of their revenue, and simply can’t afford that happening or for long. While a few things here or there may not seem like a big deal, a continuing trend of lost equipment could mean putting a serious dent in your bottom line. When your rental equipment is lost, misplaced, or stolen, you’re missing vital inventory, and you could potentially lose future opportunities, putting you in an even worse position. Plus, you’ll bear the burden of higher operational costs.
Thinking about your teen driving can be both nerve-wracking and frightening, to say the least. While they (should have) passed their driving exams and you should have some confidence in their driving abilities, you can’t account for distractions on the road or other drivers. Luckily, there are new teen driver technologies that can help young drivers stay safe on the road, and thereby ease your mind.
Teen Driving Apps
Some teen driving apps, like the Life360 app, are designed to keep families in the loop. This app uses location monitoring so parents can know if their teens made it safely to their friend’s house, or are back home when they should be. Plus, it allows you to monitor speed, and it even sends text alerts in response to hard braking, fast accelerations, and even crashes.
