Arkansas Trucking Industry
Many aspects have made Arkansas a leader in the trucking industry since the mid-twentieth century, though the state’s location was a detriment to industrial development and the transportation before World War II. Arkansas is named as a transportation hub for its interstate highway system since states with major cities border it. Increased growth of population toward South and West caused the need for transportation between the cities.
Arkansas’ trucks have transported 89.04% of net manufactured tonnage in the state (i.e., 499,729 tons a day). Also, more than 86% of communities depends on trucks to move their goods since the state has a well-developed trucking industry.
HVUT
Vehicles operating on public highways with a gross weight exceeding 55,000 pounds must pay heavy vehicle use tax (HVUT) annually. If you have a qualifying vehicle that carries goods and people with a liable gross weight under IRS, the annual tax will be calculated every year, and one must clear the tax dues within the given due date.
IFTA
IFTA is a fuel tax agreement formerly started by and among the 48 contiguous States and the 10 Canadian provinces bordering the US. Each tax rate will be calculated based on gallons purchased, miles traveled and GVWR with respect to all member jurisdiction. Since, IFTA is estimated on a quarterly basis you must report the tax before the due date of each quarter.
Permits
Know about oversize, overweight, temporary trip and fuel permits in Arkansas along with their cost and validation details here.
Resources
Know more about Arkansas truck taxes and get additional links here.
Track your loads, drivers and expenses for managing dispatches through TruckLogics app
TruckLogics app has real-time tracking feature which helps you to track loads and drivers, and manage dispatches. It doesn’t matter whether you own a single truck or a fleet; TruckLogics can ease your operations at every level. The app also works offline (i.e., continue to track) when you get into a network coverage area and automatically synchronizes the record when online.
Use TruckLogics for free once you register. There will be no payment drawn on registered truck users.
