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Who’s IFTA Account is Being Used?

Who’s IFTA Account is Being Used?

June 21, 2023

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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EV Trucks are Here; PacLease is Ready

EV Trucks are Here; PacLease is Ready

February 17, 2023

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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What Your New Drivers Need to Know When Reporting Trip and Fuel Tax

What Your New Drivers Need to Know When Reporting Trip and Fuel Tax

September 23, 2022

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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Used Trucks Are Still Booming. Is ‘Used’ The New Normal?

Used Trucks Are Still Booming. Is ‘Used’ The New Normal?

June 30, 2022

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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