Important Facts You Should Know About the Trucking Industry

Important Facts You Should Know About the Trucking Industry

As one of the most in-demand professions right now and an industry at the frontlines of the supply chain, the trucking industry is worth billions of dollars. Here are some key facts about the industry, and if you are looking for commercial trucks for sale in San Diego, some tips for how to shop around.

Significant Revenue

The trucking industry generates significant revenue no matter the size of the trucking company. Multiple revenue streams, including truckload, regional, and long haul, account for the majority of the industry’s total income. 2020 revenue for the trucking industry hit $723.3 billion.

Major Employer

The trucking industry employs more than 1.5 million people, making it one of the largest employers in the country. Demand for truck drivers is also growing rapidly due to several factors. The first is the bottleneck in the supply chain and the need to transport goods quickly and efficiently across the country. Second is the increasing popularity of eCommerce, which requires large quantities of goods to be shipped in a short period of time.

Handles The Bulk of the Nation’s Freight

The trucking industry is responsible for the bulk of the nation’s freight. While some freight is moved by plane or train, the vast majority of it is handled by the trucking industry.

Represents Most Domestic Tonnage

Taking into consideration how many goods traverse the country every week, the trucking industry represents the majority of the nation’s tonnage. Domestic tonnage continues to grow as people and businesses become more mobile and the nature of business becomes more distributed. 10.23 billion tons of freight were moved by truck in 2020 in the United States, which represents 72.5% of domestic tonnage.

Important to the Tax Base

All those goods being transported across the country are generating tax revenue for the government. With every order and route, the trucking industry contributes to the nation’s tax base, contributing 24.4 cents in federal fuel tax on each gallon of diesel fuel and 30.3 cents on in-state fuel tax as of January 2021.

Find Commercial Trucks for Sale in San Diego

If you want to expand your business in the massive and profitable trucking industry, it is important to research the different types of commercial trucks available for sale in San Diego. You can find the best commercial trucks for sale at C&M Motors Inc. Get a quote today.

New Trucks for Sale at C&M Motors – Don’t miss your 2016 tax deduction!

tax-deductions-new-trucks-for-saleWhen your business buys certain type of equipment, the typical write off is a depreciation over several years. For example, if your company spends $150,000 on a machine, it may mean you get to write off perhaps $30,000 per year for five years. While this is beneficial, imagine if you could write off the entire purchase price in the year you spend the money! That would be EVEN BETTER!

That is the premise behind the Section 179 tax incentive. The purpose is to stimulate the American economy to move in a positive direction, to motivate businesses to invest in themselves. For most small businesses, the entire cost can be written off in one year.

If you are interested in purchasing a new truck, now is the time. The Section 179 tax incentive requires you to complete your purchase and put your new truck in service by December 31, 2016. Talk to your accountant to be sure you qualify, look at the new trucks for sale at C&M Motors, then give us a call to get your new truck purchase underway.

There is no better time than now for a New Truck from C&M Motors

At C&M Motors, we’re here to help you get that great 2016 tax incentive. Contact us today to pick out the right new truck for sale to add to your fleet. We will get you on the road to great savings!

Happy Holidays from

 C&M Motors – San Diego’s premiere Hino dealership!

(800) 736-3443

Commercial Truck Sales Incentives – Hurry, offer ends December 31, 2016!


Tax Code 179 is back and this is great news for small businesses!

What is Tax Code 179?

Tax Code 179 is Section 179 of the IRS tax code which allows businesses to deduct the purchase price of qualifying equipment purchased or financed during the tax year. That means that if you finance/purchase a commercial truck, you can deduct the cost from your business income for the 2016 tax year. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.

This 100% deduction is good on all Hino trucks up to $500,000. The equipment must be financed/purchased and put into service by December 31st 2016.

Contact us for more information.

Is this Commercial Truck Sale Incentive good for you?

Section 179 is one of the few tax incentives that target small businesses. Although large businesses also benefit from Section 179 or Bonus Depreciation, the original goal of this legislation was much needed tax relief for small businesses – and millions of small businesses are actually taking action and getting real benefits.

Ask your accountant if this program is beneficial for your business, then contact C&M Motors to get your commercial truck sale completed this calendar year to qualify!


Happy Holidays from

C&M Motors – San Diego’s premiere Hino dealership!

(800) 736-3443

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