DHG | Transportation & Logistics

Guidance for transportation and logistics companies

Large or small, transportation and logistics companies face similar challenges, which include:

Driving growth during extended economic uncertainty
Managing risk effectively
Improving operating efficiency with no loss of customer satisfaction

These challenges make accounting and reporting critical for assessing strategy and operations. The DHG Transportation & Logistics group can advise you on the tax implications of your financial performance and long range plans while working with you to eliminate waste and realize a better return on your investments in people and technology.

We offer comprehensive accounting and advisory services for trucking companies, with in-depth review and measurement of operations to improve margins:

Fuel-savings analysis
Lease or buy analysis
Maintenance programs
Leasing and financing arrangements

Measurement for improvement

Meeting your short- and long-term objectives requires measuring performance and maintaining accountability at every level of your company. We deal in the tangible progress toward objectives, with services that include:

Services

Assurance

Assurance services to protect your values and reputation

DHG can help strengthen your relationships with your bank or lenders and assist in developing financial statements that comply with multiple reporting standards. We work closely with management and audit committees to deliver on schedule, resolving complex accounting and reporting issues and delivering the financial statement assurance your business needs. We also provide guidance in these matters:

Tax

Tax strategies to align company and personal objectives

You want to mitigate your tax liabilities, which may require multi-level tax planning and compliance. We have extensive experience, ranging from large corporations to family-owned and closely held businesses, so we help you align your corporate tax strategies with personal tax and estate planning. Our services include:

We also connect you to a global community of accountants and advisors through our Praxity alliance for guidance on new markets, growth initiatives and tax matters.

Advisory

Advisory services for the way forward

We can help you make informed business decisions using your financial and operating data. If your company is weighing options for growth, we can help develop tax and cash flow projections along with financing alternatives.

Supply Chain Management
IT Analysis and Upgrades
Business Valuations
Mergers & Acquisitions
Cash Flow
Equipment Services
Litigation Consulting

We call upon a wide-range of resources to serve as a global positioning system for your company — showing you where it is and illuminating the possible ways to get you where you want it to be.

Experience

DHG serves family-owned and privately held companies, as well as large, publicly traded multinational groups. As active members and leaders of industry groups such as the ATA National Accounting & Finance Council and the North Carolina, South Carolina and Virginia Trucking Associations, our professionals stay connected to trends and issues on the horizon.

The DHG Transportation and Logistics Group addresses the strategic and operational issues of companies in these key industry segments:

Transportation:

Trucking companies
Bulk transport
Energy transport
Expedited/Same-day
Marine transportation
Rail and intermodal

Freight service providers:

Airport and aviation services
Cargo services
Terminal services
Fixed base operations

3PL companies:

Brokerage
Freight forwarding
Value-added warehousing
Contract logistics
Transportation management
eCommerce services

Knowledge Share

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FASB Finalizes Effective Date Delays for Major Accounting Standards

Today, the Financial Accounting Standards Board (FASB) issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging, and long-duration insurance contracts.

FASB Meets to Discuss Comments on Effective Date Extensions

Today, the Financial Accounting Standards Board (FASB) met to discuss comments received on the August 2019 proposed Accounting Standards Update (ASU) on effective dates for major projects.

FASB Proposes Staggered Effective Dates for Major Accounting Standards

On July 17, the Financial Accounting Standards Board (FASB) met to reconsider its philosophy on establishing effective dates for major projects for private companies, not-for-profit organizations and smaller public companies, as well as to discuss the amendment of certain upcoming effective dates for existing major standards that are not yet effective.

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