AllTranstek recently announced the addition of Tax and Audit Services to their suite of service offerings.
To respond to the growing demand for assistance in the highly specialized areas of monitoring tax code changes, ad valorem tax compliance, and assessment reviews, AllTranstek has expanded their fleet management services to include Tax and Audit Services.
Tax and Audit Services was created to assist clients with the growing complexity in managing the financial reporting process for state and local taxing jurisdictions and improving cash flow.
To lead this newly created service, AllTranstek recently hired John Hoyt as Manager of Tax & Audit Services. John’s role will be offering tax management and assessments tailored specifically to each customer’s fleet of rail cars.
John began his rail career with TTX Company back in 1979. During his tenure, his responsibilities included managing and negotiating the Ad Valorem, Income, and Sales & Use Taxes. Following TTX, John worked for consulting firms where he expanded his knowledge to include the transportation industry.
“At AllTranstek we are continually striving to better assist our customers with the fundamental requirements of rail car ownership. By providing in-house Tax and Audit Services, we can more effectively serve our customer base with all aspects of rail car fleet management”, said Jeff Wilson, President.
Director of Engineering, Larry Loman, gave a presentation entitled "Best Practices for Securing Tank Cars Used to Transport Chlorine, Caustic & Hydochloric Acid" at this year's AAR Hazardous Materials Training Seminar.
Also in attendance were several of AllTranstek's technical services team members. The team would like to thank those who came out to see Larry speak as well as everyone who stopped by AllTranstek's booth. The event was a great success and the team looks forward to returning next year.
The development of hydraulic fracking has significantly impacted the rail equipment supply chain since 2011, causing new car deliveries to grow dramatically to meet increasing demand by investors. What would the market look like today if oil had never been discovered in North Dakota? Dick Kloster examines the effect of the energy boom on the leasing business.
Read the full article here.
AllTranstek was recently featured in Volume 7, Issue 3 of Transportation & Logistics International, a publication which focuses on crucial issues within the transportation industry. The article, which begins on page 84, highlights AllTranstek's multitude of services, highly experienced staff, and innovative solutions to each client's unique challenges.
Read the article here.
This thought provoking webinar is for anyone who manages a fleet of railcars, whether owned on a full service lease or a net lease basis. Effective strategic planning requires a foundation of deep analysis and probing questions. Learn about the different types of market research and criteria for assessing a fleet. In this webinar, Vice President of Strategy and Consulting, Nicole Lev Ross, shares insight into the current railcar market.
The webinar will be held at 2:00 PM Central on Wednesday, June 27th. Click here to register.
Senior Vice President and Chief Commercial Officer, Dick Kloster, was quoted recently in a Wall Street Journal article, "America's Boxcar Pool Has a Leak in CSX". The article discusses CSX's decision to pull some railcars out of the pooling system and the effects the decision has had on the rail industry.
Click here to read the full article.
Questions about Appendix B and how the proposed changes may affect your business? AllTranstek presents a free webinar discussing the changes and their implications for tank car facilities, suppliers, and others.
The webinar will be held at 1:00 PM Central on Wednesday, May 30th. Click here to register.
Submit your questions ahead of time by completing this form.
The Spring 2018 Arbitration & Rules Committee Meeting was held last month at CF Rail Services in Schaumburg, Illinois. Below, AllTranstek provides brief meeting highlights.
The single greatest approved rule change this year is regarding Replacement Treaded Wheel Sets (Purchased Core Wheelset). A purchased core wheel set is a turned wheel set that is added to the supply of wheel sets via the purchase from an outside source to fulfill turned wheel set demand. These new wheel sets will reduce the number of new plate mounts and car owners will receive a better mix of repair and return treaded sets, replacement treaded sets, and new mount sets at repair locations. New replacement treaded wheel sets will save car owners $15-$23 million annually.
Our March 2018 webinar on Welding Compliance is now available for viewing.
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