Shumaker Manufacturing

A Legal & Industry Review

“Shippers Beware: The Proposed New Motor Carrier Standard Bill of Lading Form”

There has always been a “battle” between motor carriers and shippers around the issue of applicable bill of lading (“BOL”) forms. With primarily respect to less-than truckload (“LTL”) carriers who participate in the National Motor Freight Classification (“NMFC”) tariff, many such carriers attempt to use the standard NMFC BOL which incorporates by reference the published tariff which contains specific (and often severe) limitations on the cargo damage and loss claims liability of the motor carriers. Continue reading

“IRS Compliance Focus: The Excise Tax on Heavy Trucks”

There is no steering around the Federal Excise Tax (“FET”) on heavy trucks and trailers, and some companies are finding that out in the most unpleasant way possible – through an IRS audit. Similar to states’ sales taxes, the federal government imposes a 12% tax on the sale of trucks with a gross vehicle weight (“GVW”) above 33,000 pounds, trailers above 26,000 pounds, and tractors above 19,500 pounds. Continue reading

Client Alert: The First Six Months of the Trump Administration: Will Trump Successfully Deregulate U.S. EPA?

During the campaign, Donald Trump made clear one priority would be deregulating federal agencies should he win the presidency.  In particular, Candidate Trump stated U.S. EPA was at the top of his list for deregulation.  In an interview on Fox News, Donald Trump stated the “Environmental Protection [Agency], what they do is a disgrace. Every week they come out with new regulations.”  Continue reading