Page 16 - ATR 5 2020 digital

COUNCIL QUARTERLY

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Networking Professional Development Service

ATA members have the opportunity Loan Forgiveness Stimulus package
to be represented in a variety of and business best practices during this
industry councils that address issues EACH COUNCIL HOLDS unprecedented time with more people
specific to safety, maintenance and QUARTERLY MEETINGS, working remote and some returning to
technology, and accounting and the office.
finance. Each council holds quarterly HOSTS SPEAKERS AND In Session 1, “Understanding
meetings, hosts speakers and panels PANELS ON RELEVANT What Your Bank Needs,” Chance
on relevant industry topics, serves as a INDUSTRY TOPICS, Tharp director of equipment finance at
forum for interchanging ideas and best Simmons Bank, discussed the current
practices, and discusses new strategies SERVES AS A FORUM market topics during the pandemic,
and implementation practices. FOR INTERCHANGING on-balance sheet vs off-balance
IDEAS AND BEST sheet financing, understanding what
THIRD QUARTER SAFETY banks consider underwriting a credit,
MANAGEMENT COUNCIL MEETING PRACTICES, AND and accounting updates for leasing
September 24 DISCUSSES NEW standards.
Hosted and Moderated by DriverReach STRATEGIES AND In Session 2, “Tax Planning
With drivers and companies IMPLEMENTATION Considerations and Forgiveness
hauling valuable cargo and hazardous Application Timing,” experts from
material shipments throughout the PRACTICES. Katz, Sapper & Miller shared the latest
United States, there needs to be updates on PPP loans, including the
protocols and policies in place to changes made to owner compensation,
ensure the freight being hauled is repairs for the truckload, LTL and payroll costs, and self-rental. AFC
done so in a safe and secure manner. tank verticals. DriverReach hosted this members learned what factors their
DriverReach CEO Jeremy Reymer led a presentation by FleetNet’s Jim Buell to companies should consider to help
discussion with Transportation Security show fleets how to use this program determine when to apply for forgiveness
Administration Program Analyst J to identify where they are having and why tax planning around the
Bagley and Field Intelligence Officer unnecessary breakdowns so they can treatment of this loan is imperative in
Vincent Bossi about TSA’s free services implement practices to reduce these 2020.
for carriers to improve safety and expensive repairs. Buell analyzed the And in Session 3, “Company
security while hauling freight. second quarter results of the vertical Policies During COVID-19,” Jessica
benchmarking program and shared the Willoughby, Hank Johnson and
THIRD QUARTER MAINTENANCE most frequent unscheduled repairs and Shannice Hodges of Nextep explained
& TECHNOLOGY COUNCIL advice on how to prevent them. how companies can best adapt to the
MEETING current environment of employees
October 6 THIRD QUARTER ACCOUNTING & safely returning to work and managing
Hosted by DriverReach FINANCE COUNCIL MEETING employees working remotely.

American Trucking Associations’ October 8 If you are interested in sponsoring
Technology Maintenance Council Sponsored by Simmons Bank a future ATA council meeting, contact
(TMC) and FleetNet America provided AFC members logged onto this Katie Thomason at katiethomason@
a program that benchmarks the virtual meeting for three sessions: a arkansastrucking.com ATR
frequency of unscheduled roadside banking update, guidance on the PPP

16 Issue 5 2020 | ARKANSAS TRUCKING REPORT