Blogs

American truckers have, for too long, had to handle crumbling infrastructure while working tirelessly to complete their routes. In November, the White House and Congress finally took action to rectify these conditions by signing the mega-bill Infrastructure Investment and Jobs Act (IIJA) into law. The new bill, which could represent the largest investment in US infrastructure since the 1970s, may prove to be just what the industry needs. The Covid-19 pandemic sidelined many industries—but some, like the trucking industry, simply didn’t have the option to take a break. Traveling hundreds of...

The recently passed Infrastructure Investment and Jobs Act (IIJA) has brought a sigh of relief to anyone involved in the construction industry. Over the last two year, this industry has been plagued by Covid strains, labor shortages, and a turbulent geopolitical landscape—all of which leave their mark and marring growth within the sector. Read more here as we discuss in detail the outlook for this industry. The world-changing events between 2020 and 2022 left their mark on every industry, construction included. Emerging Covid strains stunted new projects, labor shortages hindered ongoing ones...

Internal Fraud is the misuse of an organization’s resources or assets conducted by a malicious insider. This individual could be a current or former employee, contractor, or other business relationship who has knowledge of or access to the processes and/or systems within an organization. Due to their knowledge, the fraudster can bypass organizational security measures through legitimate means. Industry Concerns According to the AFP Payments Guide 1: Combating Fraud in a Remote Working Environment “A somewhat alarming 2019 study of executives from mid-sized companies, $50 million to $3 billion...

The competition for talent across various industries means that employers need to set up benefits packages such as 401(k) plans to attract top talent. However, employers incur significant legal responsibility in setting up and running such retirement benefit plans. Employers become fiduciaries of employee retirement benefit plans by default because they manage many of the administrative and investment duties involved. The Employee Retirement Income Security Act (ERISA) sets out principles and regulations about how the funds collected under these plans may be managed and invested, failure to...

Commercial construction costs hinge on two primary categories: materials and skilled labor. Therefore, when both are in short supply and more expensive, already small profit margins contract even further. To counteract rising costs, many CRE firms simply raise their prices—which could further negatively affect the industry. First, there was Covid-19. Then came widespread labor shortages. Supply chain collapses saw rising commercial construction costs dig into profit margins worldwide. And now—to top it all off—there’s inflation. Rising steel prices, peaking at nearly $2,000/ton have affected...