Don't forget! The deduction limit for 2020 has been raised to $1,040,000. This means U.S. companies can deduct the full price of qualified equipment purchases up to $1,040,000 with "total equipment purchase" limit of $2,590,000. The deduction includes both new and used qualified equipment. In addition, businesses can take advantage of 100% bonus depreciation on both new...
The CVSA roadside inspection blitz is almost here. Is your fleet ready?...
Celebrating the 1-year anniversary at their Parsippany, NJ location portrays the motivation and hard work that HK has put into their company for years. Henry Knabe founded H.K. Truck Center in 1982 in a service truck parked in his driveway and slowly grew, including adding employees. They moved into their first facility in 1988 in South...
The trucking industry was riding high: trucks were operating at capacity; new technology and new trucks were being added to the vehicle count; and it looked as though the economic boom would continue unabated. Then the global economy ran into the “Black Swan” disruption of COVID-19....
There are those who see the challenges created by a crisis and grow to meet those challenges. The same is true for businesses. My recent IdeaXchange blog, printed in full below, asks some tough questions. What will your answers be?...
[vc_row][vc_column][vc_column_text]Hino Trucks has acknowledged that the rapidly changing global health emergency is creating uneven economic effects across all industries. In response, Hino is introducing the Ultimate Confidence Initiative meant to strengthen and support our customers’ businesses. No Payments AND No Interest until January 2021 Hino Trucks, in conjunction with Toyota Industries Commercial Finance, is offering our customers a No Payment...
Demands of final mile delivery are at peak levels due to the COVID-19 pandemic. There are many local and regional companies in desperate need of additional trucks RIGHT NOW to keep the supply chain of essential goods moving to those in need. HK is here to help by keeping commerce moving to support the demands of the...
[vc_row][vc_column][vc_column_text]There will be life after COVID-19. How we approach our fleet decisions now and how we adapt to potential changes will likely make a major difference in future growth or decline. COVID-19 has wreaked havoc in all aspects of our business and personal lives. For many of us, balancing work and home life was a challenge before...
We know that with globalization and new technology, the role of procurement has changed. Where the concern used to be only about savings, now savings need to be weighed against other issues. Never has that been truer than today when the entire world is facing this expanding COVID-19 crisis....
Just-in-time (JIT) inventory has been a way for companies to optimize profits for decades. Now we many need to redefine JIT....