Monthly Archives: February 2015

REAL Business 101: Regulatory Compliance

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There are two ways to obtain knowledge: study and experience. Both are valuable, but when it comes to business, there’s a lot that you can’t learn from a book or in a classroom.

We’re not knocking school. We just want to help folks in the real business world. So we’ll be posting articles with a healthy dose of plain-spoken, real world insights and tips. We hope they help.

Rules, Rules, Everywhere Rules!

Let’s face it; rules are a hassle. And when they’re imposed by federal, state or local governments, they become even more tiresome. Regulations can hinder productivity, holding up business and costing you and your business associates money. In many cases, it seems like the people who draw up all the regulations have no understanding of the business they seek to regulate. It almost seems like government agencies simply want to bury you in paperwork and make it hard to do business.

But there’s another side to regulations and regulatory compliance.

Good Fences Make Good Neighbors

Fences that accurately define the boundaries between yours and your neighbor’s properties make you both feel that your rights are protected. In turn, your relations with your neighbor are likely to be amicable and, in terms of neighbor relations, successful.

Similarly, regulations are aimed at protecting rights. In theory, if everyone has a fair shake, then the whole system will be successful. Sure, it’s debatable whether or not they are effective, fair and advisable. But it helps to understand that, unless you have a personal beef with a legislator, they’re not conspiring to take down your company or industry.

Face Reality

It may or may not help to realize that regulations are aimed at protecting rights, as onerous as they may be. Regardless, here’s the simple reality: Whether you agree with them or not, you have to comply with your industry’s regulations in order to do business. So you had best know and understand the regulations that apply to your business, implement an aggressive compliance system and aim to exceed the spirit of the rules.

Get Regulatory Compliance Smart, Fast

Whether you’re a small shop or a big operation, you should have a formal regulatory compliance process. You can learn more about the regulatory requirements that apply to your business from connections and professional groups on LinkedIn, as well as from government and industry sources. Here are a few resources to help get started:

U.S. Department of Transportation Federal Motor Carrier Safety Administration Noise and Environmental Regulations

FMCSA Hours of Service Requirements

DOT Regulation Info

More on Regulatory Compliance


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REAL Business 101: the In’s and Out’s of Business Courtesies

Make One-Way Trailers Part of Your Equipment Strategy

Report: Rising Capacity, Falling Fuel Prices, Falling Rates

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Operators who have been scrambling to add capacity have begun to move the needle, edging January rates down, Overdrive reports. But don’t panic. Falling fuel prices have enabled operators to back off of fuel surcharges, which accounts for a chunk of the reported rate decreases. FULL STORY


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Make One-Way Trailers Part of Your Equipment Strategy

Transportation Trends & News Roundup: Industry Safety Report Card, Uber Trucking and More

Report: Driver Turnover Rises as Shortage Looms

Transportation Trends & News Roundup: Industry Safety Report Card, Uber Trucking and More

By | Blog, Trucking News | No Comments

Trucking Exec Touts Industry Safety Record to Congress

In his address to the Senate Commerce, Science and Transportation subcommittee on surface transportation, Jim Mullen, executive vice-president and general counsel of Werner Enterprises, said, “The trucking industry is justifiably proud of its commitment to safety. These investments in safety have yielded impressive dividends for the industry. Over the past decade, the number of large truck-related fatalities has dropped 21% and the large truck fatality rate has dropped 37%,” truck news.com reported. FULL STORY

Entrepreneurs Are Working to Uber-fy the Trucking Industry

In an industry that does hundreds of billions of dollars of business each year, making sure no trailers move empty is a lucrative goal. FULL STORY

The Sustainability Impacts of Fuel: Understanding the Impacts of Transportation Fuel for Trucking in North America

Regardless where you stand regarding climate change, it is prudent to stay apprised of developments that affect your industry. This is an issue that will affect the trucking industry for the foreseeable future. FULL STORY


Related:

Make One-Way Trailers Part of Your Equipment Strategy

Report: Emerging Technology Lowers Transportation Costs, Raises Margins