Mission Financial Blog
How the PRO Act Could Affect Owner/Operators
In early February, Democrats in both the House and Senate reintroduced the Protecting the Right to Organize (PRO) Act, an ambitious pro-employee and pro-union bill that could dramatically impact the trucking industry. In what has been called the most “significant...
Buying vs. Leasing a Semi-Truck: An Owner Operator’s Guide
Owner/operators are in the position to make important business decisions that impact their future success. Your semi-truck can either be the means to your financial gains or a detriment—which direction you go depends on the choices you make around your truck. When it...
Looking Ahead: The Possible Changes in 2021 Resting Hour Requirements
It’s looking like 2021 could be a year of significant change for the trucking industry. New presidential leadership, advancements in technology, and a shortage of drivers create a unique landscape conducive to exciting industry updates. The start of these changes...
Are Truckers Included in the Third Vaccination Group?
We have officially passed the grim one-year mark since the first COVID-19 case was diagnosed in the United States. Since then, the trucking industry faced massive unemployment for a period of time and now faces a shortage of drivers due to several pandemic-related...
How Owner/Operators Can Prepare for Tax Season
After a very long year, the 2021 tax season is upon us. As an owner/operator, properly filing your tax return is crucial to the success of your operation. Navigating the increasingly complex tax code can be arduous, though. Multiple deadlines, numerous deductions, and...
Employment Challenges Facing the Trucking Industry in 2021
The COVID-19 pandemic continues to highlight the sheer importance of long-haul drivers in the United States as record unemployment in the trucking industry leads to disruptions in supply chains nationwide. Namely, these unemployment rates resulted in a critical driver...
What Does the New Administration Mean for the Trucking Industry?
The start of 2021 comes with a new presidential administration in the United States as President-elect Joe Biden takes over as commander-in-chief on January 20. A change in national leadership is certain to have an impact on businesses and industries across the...
4 Industry Trends to Watch in 2021: The Rise of New Technology in Transportation
As the coronavirus took its toll on the world in 2020, some industries—like the hospitality sector—were deeply impacted as government-mandated restrictions and virus-related fear prevented restaurants and bars from operating at maximum capacity. E-commerce, on the...
3 Mistakes Every Owner/Operator Should Avoid
Starting out as an owner/operator can be a difficult and complex endeavor. Purchasing the right long-haul vehicle, learning standard practices and procedures of the industry, and understanding how to file your taxes properly are just a few of the challenges rookie...
What’s the Difference Between an Owner/Operator and an Independent Contractor?
The trucking industry keeps America moving, with more than 3.5 million professional drivers on the road. And with so many drivers, terms like owner-operator and independent contractor are used interchangeably, even though they mean very different things. Understanding...
