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November 2016 Archives

Things to consider before buying a franchise

Many people in North Carolina who dream of owning their own business have considered purchasing a franchise. Becoming a franchisee allows a person without much business experience to adopt a proven business model and benefit from an established company's brand identity. However, the familiar business name, marketing support and training that come with a new franchise do not necessarily guarantee success.

How trucking may change with self-driving vehicles

In the coming years, the roads in North Carolina and throughout the U.S. could be more populated with self-driving vehicles for personal and commercial use. The American Transportation Research Institute recently released a report discussing changes that might occur in the trucking industry when autonomous trucks are available.

Advice for those thinking of buying a small business

In many ways, buying an established and proven small business is better and easier than trying to launch a brand new startup. Budding entrepreneurs who are thinking about purchasing and operating an existing enterprise may take advantage of the fact that many baby boomer business owners are expected to retire in the near future.

Brake violations again top reason for out-of-service orders

Following its annual three-day inspection blitz geared toward improving roadway safety in North Carolina and elsewhere around North America, the Commercial Vehicle Safety Alliance reported that brake violations were the leading cause of vehicle out-of-service orders issued during the June 2016 Roadcheck event. Later, comparable results were reported during CVSA's Brake Safety Week, which was held in September 2016.

Marijuana remains off limits for truckers following election

Twenty-eight states now allow the use of medical marijuana, and approximately 80 million Americans can legally enjoy recreational use of the drug following the Nov. 8 vote, according to the Associated Press. However, the Department of Transportation has indicated that in spite of these gains, marijuana use remains off limits for truck drivers who travel the roadways of North Carolina and other states across the nation.

Private equity acquisitions

Selling a North Carolina business to a private equity group is a two-step process that allows owners to maximize their earning potential. First, the group will buy a majority stake in the business while allowing the owner to sit on the board or otherwise have a say in how the company continues to grow. The idea is to scale the company, get a higher valuation and then sell the remaining stake.

Lawsuit against FMCSA's ELD mandate fails

North Carolina motorists who have heard about accidents caused by overworked and sleep-deprived truck drivers might be interested in learning that most commercial trucks will be mandated to have electronic logging devices installed in them. A challenge that was made to the regulation received an adverse ruling in late October 2016 from the U.S. Court of Appeals for the 7th Circuit.

FMCSA grants exemption to hours-of-service rules

The amount of time that professional truck drivers in North Carolina and around the country can spend behind the wheel before taking mandatory breaks is tightly controlled by the Federal Motor Carrier Safety Administration. However, the federal safety agency sometimes grants exemptions to its strict hours-of-service rules. The Specialized Carriers & Rigging Association, which represents companies that transport large objects like cranes and earth-moving equipment, was recently granted an exception to one FMCSA regulation.

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November 2016 Archives | Blog