International Fuel Tax Agreement (IFTA) reporting software is used to track all fuel records and to generate fuel tax reports online. It is a hassle-free way to update, manage, and edit all IFTA records. This software is particularly made for trucking and logistics businesses to automatically and accurately generate fuel tax reports. This software can be easily deployed on the premises or as a cloud-based solution.This growth is primarily driven by Recent Changes in the Fuel Tax Regulations by the United States and Canada, Increasing need have Automated Software by Fleet Managers and Owner Operators and Improved Efficiency & Increased Profits.
Globally, a noticeable market trend is evident Integrated IFTA Software to Manage All Trucking Operations like Invoicing, and IRP. Major Players, such as SPAN Enterprises LLC (TruckLogics.com) (United States), Axon Software (Canada), TruckingOffice, LLC (United States), HighJump (United States), FleetUp (United States), Linxup (United States), Geotab Inc. (Canada), My Fuel Tax (United States), Samsara (United States) and Verizon Connect (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On February 18, 2020, Omnitracs, LLC, the global pioneer of fleet management solutions to transportation and logistics companies, released Omnitracs Tax Manager, the most comprehensive and intuitive International Fuel Tax Agreement (IFTA) and highway tax management tool.
In 2019, Canadian governments have rolled out the new carbon tax regulation that requires the production of a quarterly report for all carriers traveling on the roads of Ontario, Manitoba, Saskatchewan, and Alberta. Alaska, Hawaii, and the Canadian territories are not part of the agreement.
- Recent Changes in the Fuel Tax Regulations by the United States and Canada
- Increasing need have Automated Software by Fleet Managers and Owner Operators
- Improved Efficiency & Increased Profits
- Integrated IFTA Software to Manage All Trucking Operations like Invoicing, and IRP
- Lack of Awareness about the Product among Small Fleet Managers
Growing Cloud-based Solutions and Integrated Features and Growing Trade Business in the United States and Canada
Availability of Free Software Solutions
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