New Mexico Trucking Industry

Welcome to New Mexico Truck Tax!

Your one-stop destination for information relating to the Trucking Industry!

The American Transportation Research Institute (ATRI), a part of the American Trucking Associations (ATA), has reported the following on how the trucking industry relates to New Mexico’s economy

Trucking Drives the Economy

Employment

New Mexico's trucking industry provided 31,320 jobs or one out of 20 in the state in 2011. New Mexico's total trucking industry wages paid in 2011 exceeded $1.4 billion, with an average annual trucking industry salary of $43,178. In May 2011, the Bureau of Labor Statistics (BLS) of the United States reported that truck drivers, heavy, tractor-trailer and light delivery drivers, held 13,210 jobs with a mean annual salary of $35,365.

Small Business Emphasis

In 2012, New Mexico had over 3,120 trucking small and locally owned companies served by a wide range of large and small supporting businesses.

Transportation of Essential Products

In 2010, trucks transported 91% of the state's total manufactured tonnage or 134,076 tons per day. Over 89% of New Mexico communities move their goods using trucks.

Trucking Pays the Freight

As an Industry

In 2009, New Mexico's trucking industry paid approximately $417 million in federal and state roadway taxes. The industry paid 54% of all taxes owed by New Mexico motorists, despite trucks representing only 20% of the state's vehicle miles traveled.

Individual Companies

As of January 2013, a typical five-axle tractor-semitrailer combination paid $8,085 in state highway use taxes in addition to $8,906 in federal use taxes. These taxes were over and above the standard taxes paid by New Mexico businesses.

Roadway Use

In New Mexico's 68,384 miles of public roads over which all motorists traveled 26 billion miles, and truckers traveled 5.4 billion miles in 2008.

Manufactured tonnage data provided by IHS Global Insight

Texas IFTA

HVUT is the Heavy Highway Vehicle Use Tax paid to the IRS annually for operating heavy vehicles on public highways at registered gross weights equal to 55,000 pounds or more.

Texas IFTA

Vehicles need proper permits to enter into the jurisdictions other than their base jurisdiction. Find information on Oversize and Overweight Permits, Temporary Trip and Fuel Permits.

Texas IFTA

IFTA is the International Fuel Tax Agreement where the tax is collected among the 48 low states of the United States and the 10 Canada Provinces bordering the US, to make the fuel reporting simple for the carriers who operate their qualified motor vehicles in more than two IFTA jurisdictions.

Texas IFTA

Find additional information and helpful links on New Mexico's trucking industry here.

Get to know your truck taxes due dates on time!

RigMinders assists the carriers in reminding the due dates to file Form 2290, IFTA, permits, license renewals, etc. It accurately updates the tax information of your business.

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