Blog

There are many ways of acquiring a truck; Buying new or used, leasing, or even long-term rentals. But with all these variations who’s responsible for reporting and ultimately filing appropriate fuel taxes? The registered owner of the truck will need to determine if the truck should be reported under the registered owners’ International Fuel Tax Agreement (IFTA) or if the truck will be reported under the Lease Partners’ IFTA....

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Over the past several years, there has been a lot of buzz about electric trucks and rightly so, they represent the future. Fifteen states have followed California’s lead and announced a memorandum of understanding that by 2050, any new medium or heavy-duty truck sold or leased in their state must be emission free. California itself has accelerated that to 2040. Those states hope to have 30% of trucks electrified by 2030. With the growing emphasis on emission reduction and the emerging electric truck market, PacLease has invested in a robust charging infrastructure, certified technicians, and Kenworth and Peterbilt medium and heavy-duty electric truck models at our U.S. based PACCAR Leasing company stores. This spring, our electric rental trucks will make their debut in Texas....

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As new truck drivers enter the industry, it is critical they understand what their responsibilities are before and after every trip they make. In addition to the pre-trip inspection, drivers must record their odometer at the beginning and the end of a trip, as well as any fuel they put into the vehicle. These data points should be recorded and eventually compiled to complete your company’s fuel taxation paperwork for all the states they drive in. Here some tips to consider if you are a new truck driver having to report on your trips and fuel:...

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Still booming. That's a phrase I never thought I'd be writing again when it comes to the global used truck market, but that's exactly what's happening. We've had an unprecedented boom in the second-hand market in recent years. Even with the supply challenges on diesels and the latest surge in oil prices, we're seeing nothing short of a record year for used trucks....

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The market for used commercial trucks is moving quickly. You’re broadening your search and working with a number of vendors, but are there other things you can do to find the right used trucks for your business needs? Here are the top things to look out for while you are shopping for your next used truck....

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These are new and strange times that have led us to where we are now. With the onset of the pandemic, followed by the challenges of microchips and parts for vehicles, a large pent-up demand for trucks was inevitable. A scramble to find alternatives to keep business moving is underway… quickly turning used trucks into an even hotter commodity....

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Bo Schembechler said it best in his legendary “The Team” speech back in 1983, “No man is more important than the Team.” This holds true today in our world of sales. You may have the greatest group of individual employees, but the organization won’t succeed if they don’t work together. If you don’t know “Bo,” he was the head football coach at the University of Michigan from 1969 to 1989 – compiling a career record of 234-65-8. While sports analogies can be overused in the field of sales, this sentiment seems to fit perfectly with Team Selling. Implementing Team Selling in your organization can increase your chances of closing a deal up to 258% compared to selling solo. So why don’t sales organizations promote the idea of collaboration and “The Team”? Well, at PacLease, problem solving is a team sport and “Team Selling” is at our core....

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We have a saying at PacLease, and it’s pretty straightforward: “We’re focused on improving your service to your customer.” If we do that, we know we’re doing our job. The simplicity in that statement says a lot. It says we understand that in order for us to be successful as a service partner we have to make our customers successful. And, we do that by understanding your company and understanding your transportation ‘pain points.' We also outline your payloads and routes and see how specs can reduce weight, improve fuel economy, and increase driver satisfaction. Once we have a clear picture of your operation, we go to work to properly spec a truck that can improve your operation....

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Spec’ing vehicles is a very complicated process, especially in a liquid bulk application. With new and improved products being introduced on a regular basis it is important to look at your spec with a fresh eye. Repeating the same spec year after year will not allow you to be as efficient as you should be. Whenever the conversation turns to specs for liquid bulk carriers - weight is the hot topic. Every pound of payload is added profitability. The more you move – the more you make. However, it is important to spec a balance of lightweight, performance, drivability and durability. PACCAR products are designed and built with the ability spec customized lightweight applications with durability in mind....

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Most trucking industry professionals and infrastructure experts agree that tolling isn’t going anywhere and will have an ongoing impact on commercial fleet operations across the country....

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The longest days of the year are here. And so are the toughest driving conditions – brought to you by inclement and below freezing weather. Are your drivers and trucks ready for the elements? Here are my top tips to keep your drivers and trucks running safely....

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As the need to repair the ageing infrastructure in the U.S. becomes imminent, legislators are proposing new bills and reforms to fund much needed projects. One potential source for funding is increased state fuel taxes. Many business groups support the proposed tax, as the funds will finance projects that will improve road conditions; making driving more comfortable, improving driving time, and reducing service costs caused by adverse road conditions....

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When it comes to companies that lease trucks, the Generally Accepted Accounting Principles (GAAP) have been that those “operational” leases effectively received off-balance sheet treatment. That’s about to change. New standards unveiled by the Financial Accounting Standards Board (FASB) will soon require that all leases — financed and operational — with terms longer than 12 months be reported on a company’s balance sheet....

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If you’re reading the trade journals – even newspapers – you’re no doubt noticing articles about the infrastructure. What will happen? And, what about toll roads -- will they be privatized? What does this mean for the transportation industry?...

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