1st Trucking Factoring

Freight Factoring Services https:1sttruckingfactoring.com

U.S. Department of Labor Announces Final Rule to Clarify Independent Contractor Status Under the Fair Labor Standards Act U.S. Department of Labor (01/06/21) The U.S. Department of Labor has announced a final rule clarifying the standard for employee versus independent contractor status under the Fair Labor Standards Act. The final rule, among other things, reaffirms an economic reality test to determine whether an individual is in business for him or herself (independent ...contractor) or is economically dependent on a potential employer for work (FLSA employee); identifies and explains two core factors that are most probative to the question of whether a worker is economically dependent on someone else’s business or is in business for him or herself; the nature and degree of control over the work; and identifies three other factors that may serve as additional guideposts in the analysis, particularly when the two core factors do not point to the same classification. The rule will take effect on March 8, 60 days after publication in the Federal Register. Full Report: https://www.dol.gov/newsroom/releases/whd/whd20210106

Job Openings Hold Steady in October. U.S. Bureau of Labor Statistics (12/09/20) The number of job openings was little changed at 6.7 million on the last business day of October, according to the U.S. Bureau of Labor Statistics. Hires were little changed at 5.8 million while total separations increased to 5.1 million. Within separations, the quits rate was unchanged at 2.2% while the layoffs and discharges rate increased to 1.2%. Job openings increased in health care and soci...al assistance (+122,000) and state and local government education (+23,000). The number of job openings in October (not seasonally adjusted) decreased over the year to 7.1 million (-596,000) reflecting the continued impact of the Covid-19 pandemic on the labor market. Job openings decreased in a number of industries with the largest decreases in retail trade, accommodation and food services, and finance and insurance. Only nondurable goods manufacturing and durable goods manufacturing had increases in job openings. Data collection for the October Job Openings and Labor Turnover Survey was affected by the pandemic. Full Report: https://www.bls.gov/news.release/jolts.nr0.htm

Turn5 Supports Higher Education- $117k in Scholarships Awarded to Date AmericanMuscle, AmericanTrucks & ExtremeTerrain, are proud to announce their bi-annual college scholarship program winners with 3 additional student scholarships awarded for Spring 2021. Recipients in this round earned an additional $7,500 in funding for a total of $117,000 in scholarships awarded from Turn5 (home of AM, AT & XT) since the programs’ inception. ... To spread word and encourage more students to apply, an official press release and additional information was created, detailing the announcement and winners in this MEDIA KIT. https://www.dropbox.com//wh3xmj/AADkxepgjlayQ2pqaQscUIlHa They plan to do it all again for Fall 2021 as they have for the last 7 years!

Professional grade trucking and transportation freight factoring services: Simple process from start to funding Up to 97% advances on freight bills Non-recourse freight factoring... Factoring facilities up to $35 million Factoring tailored to your needs Factor only the invoices you choose Competitive rates and flexible terms Fuel Card for added convenience Manage account online Track payments and collections Free invoicing and collections Free load board Free credit checks on your customers And more For more information visit https://1sttruckingfactoring.com/

Happy Veterans Day! https://www.youtube.com/watch?v=x2L3skZ7FEw