Tag Archives: freight industry

Freight Transportation Trends That Make HVUT Important For Truckers

Hauling large quantities of commodities over great distances or carrying smaller packages to streets, each transportation mode adopted continues to play an important role in the movement of freight. Whether measured by value, weight, or ton-miles of the composite estimates, trucking as a single mode (including for-hire and private use), seems to be the most frequently used mode. According to the Bureau of Transportation Statistics of the U.S. Department of Transportation’s Research and Innovative Technology Administration (RITA) and the Federal Highway Administration (FHWA), trucking dominates shipment distances of less than 500 miles while rail dominated the longer distance shipments. These trends and the below also gives an insightful message to truckers about their importance for the society’s economical growth. Paying truck tax to keep this going in accordance with Federal excise tax laws is equally important. Continue reading