The Schneider Downs Transportation and Logistics industry group continues to focus on topics critical to the trucking industry in our State of the Industry whitepaper series.
With response rates to the annual Business Outlook and Economic Survey down this year, Schneider Downs and the Ohio Trucking Association (OTA) introduced a series of whitepapers starting this past September to address top issues facing the trucking industry. We invite you to explore and download our available whitepapers below.
State of the Industry – Infrastructure Investment and Jobs Act
On November 15, 2021, President Joe Biden signed the $1 trillion bipartisan infrastructure bill, known as the Infrastructure Investment and Jobs Act, into law. This whitepaper reviews key components of the bill including targeted infrastructure repairs and allocated spending, and how the improvements will benefit the trucking industry.
Currently, we are in a new run of economic expansion that began in May 2020 and has by many measures, surpassed even the strongest metrics of the previous economic expansion. However, the overall economic picture is complicated by many factors, including the impact of the COVID-19 pandemic, supply chain issues, inflation and unemployment. This whitepaper will describe current macroeconomic conditions, current microeconomic conditions and, hopefully, provide some context for considering what lies ahead on the economic horizon.
As the pandemic evolved over 2020 and 2021, it created an even greater reliance on the transportation industry to deliver much-needed supplies throughout the country. As we settle into the new normal, trucking companies now need to be aware of a significant change coming right around the corner regarding the tracking and accounting for leased assets. We’ve included in this white paper information about the standard, how it will impact the financials and what you should be doing now to prepare.
The current labor market, which is consistently and predictably one of the transportation sector’s top pain points, and the resulting driver shortage pose unique challenges within the industry. This white paper will describe several tactics for recruiting and retaining talent, then present several less obvious options for consideration.
About the Schneider Downs Transportation and Logistics Industry Group
Our Transportation and Logistics professionals possess the most current knowledge of transportation issues, regulations and trends. We work with you to seek innovative ways to reach your strategic goals. For more information visit our dedicated Transportation and Logistics page.
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The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].
Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.