On May 18, 2016 the Department of Labor released its final Overtime Rule. This final rule increases the salary exemption threshold from its current level of $455 a week or an annualized amount of $23,600 to $913 a week or $47,476 annually. This represents a massive increase in the amount of employees who will now be eligible to collect overtime pay.
TOP STORIES - More industry executives are changing their business philosophy and moving towards a shorter asset lifecycle to lower their total costs, with leasing as the preferred mode of equipment acquisition. FULL STORY
TRALA IN THE NEWS - Cathy F. Gautreaux of the Louisiana Motor Transport Association received the Truck Renting and Leasing Association's inaugural State Trucking Award during the 2016 TRALA Annual Meeting. FULL STORY