• FMCSA Electronic Logging Devices (ELD) Rule Phases In (01/05/18)
    Last month on December 18, Phase 2 (Phased-In Compliance Phase) of the FMCSA Electronic Logging Devices (ELD) mandate arrived beginning a two year period. During this phase carriers and drivers subject to the rule are now required to use either AOBRDs (Automatic On Board Recording Devices) or self-certified and registered ELDs. After this period, Phase 3 (Full Compliance Phase) occurs on 12/16/19 which then requires use of only self-certified ELDs that are register with FMCSA. NRI has recently reported that, “Analysts say that the new regulation may lead to as much as a 10% decrease in driver productivity and will necessitate 100,000 drivers to fill the void across all lines of trucking.” Ref. at: http://nrirelocation.com/relocation-blog/; More at FMCSA: https://www.fmcsa.dot.gov/hours-service/elds/electronic-logging-devices; See FMCSA ELD Brochure at Parsifal Resource Center on News Page.
  • Increase of 2.1% on 400N Tariff Rate for 2018 (12/29/17)
    Parsifal confirms today that the 400N tariff will have a rate increase of 2.1 percent effective next week on January 1, 2018, based on currently stated US Government indices. Government figures are occasionally updated and therefore may be subject to change.  Although the Surface Transportation Board’s (STB) decision (May 2007) froze AMSA’s involvement in the tariff, Item 40 of the 400 series tariff references a methodology to calculate continued General Price Increases annually based on the government CPI and CEU Indices. Increases in the past few years were: 1.6% for 2017, 1.4% for 2016 and 2.8% for 2015. (For more info see: Parsifal NewsPage, “Resource Center”)
  • Congress Passes Tax Legislation Impacting Moving Deductions (12/27/17)
    Last week congress passed final tax legislation with the expectation of a presidential signature early in January 2018. The legislation involves a repeal of the deduction for certain moving expenses, including costs for moving household goods, SIT or storage in transit and expenses for final move travel. As transferees will now be paying taxes for corporate reimbursement on these items, corporations will be faced with the prospect of additional gross-up costs. Deductibility is maintained for state, local income, property and sales taxes but only for a combined total maximum of $10,000. This has the potential for discouraging transferees to relocate to high tax locations. (See Worldwide ERC; search ‘tax legislation' at: https://community.worldwideerc.org/s/news)

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Standards, Guidelines and More

Stay up-to-date with the latest industry standards and guidelines. Please feel free to download the PDF's below: