October 1 EMV Chip Liability Shift...
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September/October 2015 October 1 EMV Chip Liability Shift Explained EMV stands for Europay, MasterCard and Visa, chips included in these credit cards that look like this: EMV chips and EMV chip readers will in due course replace magnetic stripes and magnetic stripe readers. This is because EMV chips have improved security that makes it more difficult for to duplicate. EMV chips have a microprocessor that encrypts credit card transaction data. It also connects with EMV chip card readers to substantiate that the card is authentic. As of October 1, 2015, merchants can be held liable for fraudulent purchases if they do not have terminals or other equipment able to read the EMV chips. If you continue to use the magnetic strips to process, liability for fraudulent sales will shift from the from the credit card companies to your business. There are transactions the liability shift doesn’t affect - pay at the pump purchases (which will come into affect October 1st, 2017 for most of the payment networks) and ATM transactions (MasterCard is set make this liability shift October 1st, 2016). For the consumer, liability isn’t changing. They still have no fraud liability on their credit cards. The difference is that more merchants will have EMV compatible card readers and more card issuers will be issuing (or reissuing) credit cards that come with an EMV chip to reduce their own liability. America Recycles Day (ARD), celebrated on November 15 every year, is dedicated to encouraging Americans to recycle and to buy recycled products. The purpose of America Recycles Day is to promote the social, environmental and economic benefits of recycling and to encourage more people to join the movement to create a better natural environment. Recycling also reduces costs to businesses and creates jobs. The American recycling and reuse industry is a $200 billion dollar enterprise that includes more than 50,000 recycling and reuse establishments, employs more than 1 million people, and generates an annual payroll of approximately $37 billion. To find out more about America Recycles Day visit their website @ http://americarecyclesday.org/
Transcript of October 1 EMV Chip Liability Shift...
September/October 2015
October 1 EMV Chip Liability Shift Explained
EMV stands for Europay, MasterCard and Visa, chips included in these credit cards that look like this:
EMV chips and EMV chip readers will in due course replace magnetic stripes and magnetic stripe readers. This is because EMV chips have improved security that makes it more difficult for to duplicate. EMV chips have a microprocessor that encrypts credit card transaction data. It also connects with EMV chip card readers to substantiate that the card is authentic.
As of October 1, 2015, merchants can be held liable for fraudulent purchases if they do not have terminals or other equipment able to read the EMV chips. If you continue to use the magnetic strips to process, liability for fraudulent sales will shift from the from the credit card companies to your business.
There are transactions the liability shift doesn’t affect - pay at the pump purchases (which will come into affect October 1st, 2017 for most of the payment networks) and ATM transactions (MasterCard is set
make this liability shift October 1st, 2016).
For the consumer, liability isn’t changing. They still have no fraud liability on their credit cards. The difference is that more merchants will have EMV compatible card readers and more card issuers will be issuing (or reissuing) credit cards that come with an EMV chip to reduce their own liability.
America Recycles Day (ARD), celebrated on November 15 every year, is dedicated to encouraging Americans to recycle and to buy recycled products. The purpose of America Recycles Day is to promote the social, environmental and economic benefits of recycling and to encourage more people to join the movement to create a better natural environment.
Recycling also reduces costs to businesses and creates jobs. The American recycling and reuse industry is a $200 billion dollar enterprise that includes more than 50,000 recycling and reuse establishments, employs more than 1 million people, and generates an annual payroll of approximately $37 billion.
To find out more about America Recycles Day visit their website @ http://americarecyclesday.org/
Staff/Newsletter
Please direct newsletter content & advertising opportunity as well as membership questions
to:
Executive DirectorKelly Salseg
3333 Skycroft CircleMinneapolis, MN 55418
Phone (612) 782-8786Email [email protected]
PLEASE VISIT OUR WEBSITE ATwww.NorthDakotaAutoRecyclers.com
What Does A Membership In NDARA Provide?
NDARA Newsletter - published 6 times a year. The newsletter is mailed to all recyclers in North & South Dakota as well as to related businesses in our geographic region. The newsletter includes NDARA and industry news, a complete membership listing, updates on legislative and environmental issues and lots of other interesting and useful information. NDARA also accepts articles submitted by our members. This is a great opportunity to communicate your message to fellow recyclers and associated businesses. (Inclusion in newsletter subject to approval by NDARA staff).NDARA Website - www.NorthDakotaAutoRecyclers.comAll members are listed on the website with complete contact information and a link to your website (if available); Newsletter archives; Calendar of Events; Parts Search, an opportunity for each member to sell parts; Complete NDARA Board of Directors and staff contact information. NDARA Education and Training Opportunities.NDARA provides educational programs, email blasts, social and networking events which allows you to share and learn from other recyclers. Legislative representation on issues pertaining to ND auto recyclers.NDARA StaffNDARA staff is available via email ([email protected]) or phone (612-782-8786) to respond to your questions and concerns. Member of the Automotive Recyclers AssociationNDARA is a member of the Automotive Recyclers Association, the National association for auto recyclers. NDARA is active by participating in the ARA Affiliate Chapter & Legislative conference calls, and sharing information gained with members. NDARA also shares ARA’s Industry Email newsletter with all NDARA members – providing them with weekly up-to-date developments effecting the industry, international news as well as instrumental association updates and promotional offers. NDARA Membership PlaqueAll NDARA members are provided with membership plaque denoting membership in NDARA for display in their waiting area. The NDARA logo is a mark of distinction that tells your customers and fellow recyclers that you are a professional. In Numbers There Is Strength NDARA membership means fellowship with other auto dismantlers and recyclers and an exchange of ideas. In addition, through membership in one state trade association, auto dismantlers and recyclers have strong representation before government agencies, the consumer, and the industry at large. All recyclers encouraged to join NDARA and make a difference by getting involved. Support your state association and reap the many benefits of membership!
Associate Members
Our Associate Members Support Us. Please support Our Associate Members in return!!
Alter Metal651-253-7527
Behr Iron & Metal641-424-9521
Car-Part.com859-344-1925
EZ Crusher800-328-3613
Gerdau Ameristeel US Inc.800-827-1653
Hollander, A Solera Company800-825-0644
Integrated Recycling Technologies763-295-6992
Northern Metal Recycling651-328-8831
PAM’S Auto, Inc. 800-560-7336
Residual Materials, Inc. 701-746-9381
QRP Salvage Solutions/QRP of Wisconsin888-241-0294
Sioux City Compressed Steel800-889-8848
United Recyclers Group888-874-3463
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US DOT Announces $105 Million Fine for Fiat ChryslerAutomaker admits failures and agrees to federal oversight, buy backs and record penalty.
U.S. Transportation Secretary Anthony Foxx announced that Fiat Chrysler Automobiles has acknowledged violations of the Motor Vehicle Safety Act’s requirements to repair vehicles with safety defects and will submit to rigorous federal oversight, buy back some defective vehicles from owners, and agreed to a $105 million civil penalty, the largest ever imposed by the Department’s National Highway Traffic Safety Administration.
The enforcement action comes after a July 2 public hearing at which NHTSA officials outlined problems with Fiat Chrysler’s execution of 23 vehicle safety recalls covering more than 11 million defective vehicles. Fiat Chrysler has since admitted to violating the Safety Act in three areas: effective and timely recall remedies, notification to vehicle owners and dealers and notifications to NHTSA.
“Today’s action holds Fiat Chrysler accountable for its past failures, pushes them to get unsafe vehicles repaired or off the roads and takes concrete steps to keep Americans safer going forward,” said Secretary Foxx. “This civil penalty puts manufacturers on notice that the Department will act when they do not take their obligations to repair safety defects seriously.”
In a consent order issued by NHTSA, Fiat Chrysler commits to take action to get defective vehicles off the roads or repaired. Owners of more than half a million vehicles with defective suspension parts that could cause the vehicle to lose control will have the opportunity to sell their vehicle back to Fiat Chrysler.
Owners of more than a million Jeeps that are prone to deadly fires either will have the chance to trade their vehicle in for above its market value, or will receive a financial incentive to get their vehicle remedied.
The consent order requires FCA to notify vehicle owners eligible for buybacks and other financial incentives that these new options are available.
The automaker also agrees to unprecedented oversight for the next three years, which includes hiring an independent monitor approved by NHTSA to assess, track and report the company’s recall performance.
“Fiat Chrysler’s pattern of poor performance put millions of its customers, and the driving public, at risk,” NHTSA Administrator Mark Rosekind said. “This action will provide relief to owners of defective vehicles, will help improve recall performance throughout the auto industry, and gives Fiat Chrysler the opportunity to embrace a proactive safety culture.”
The company must pay a $70 million cash penalty – equal to the record $70 million civil penalty the agency imposed on Honda in January. In addition, Fiat Chrysler must spend at least $20 million on meeting performance requirements included in the Consent Order. Another $15 million could come due if the independent monitor discovers additional violations of the Safety Act or the Consent Order.In a statement, Fiat Chrysler said, “FCA US LLC acknowledges the admissions in its Consent Order with the National Highway Traffic Safety Administration. We also accept the resulting consequences with renewed resolve to improve our handling of recalls and re-establish the trust our customers place in us. We are intent on rebuilding our relationship with NHTSA and we embrace the role of public safety advocate. Accordingly, FCA US has agreed to address certain industry objectives, such as identifying best practices for recall execution and researching obstacles that discourage consumers from responding to recall notices.”
Reprinted with permission of CollisionWeekNews
What the Fiat Chrysler Buy Back Program Means for Automotive Recyclers
As part of a consent order with the National Highway
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Traffic Safety Administration (NHTSA), Fiat Chrysler Automobiles (FCA) must offer to buy back vehicles under recall that have not been repaired. Over a million older Jeeps (1993 - 1998) that have a rear-mounted gas tank are eligible for the buy back program in which the option for owners is to either receive fair market value plus a 10 percent premium or get paid to repair their vehicle.
The FCA buy back program also includes some 2009 - 2011 Ram 1500 and Dakota pickup trucks, 2009 Aspen and Durango SUV’s, 2008 - 2012 heavy duty Ram pickups and 2008 - 2012 Ram Chassis Cab trucks. Originally the estimate totaled more than 500,000 Ram pickup trucks, with defective steering parts, but FCA has since reduced its estimate to 175,000 or about 10 percent because it had repaired approximately 70 percent. As part of the consent order, FCA is allowed to fix then resell the motor vehicles that it buys back from consumers. It is anticipated that this is what the company will probably do with most of the pickup trucks. As far as the older SUV models, there may be some opportunities for professional automotive recyclers to acquire those motor vehicles.
Reprinted with permission of ARA.
NDARA Member News
Hollander Introduces CoreConnectSM
Core Buying Program
Hollander, LLC., a business unit of Solera Holdings, Inc. has announced the release of CoreConnect which the company defines as a system that identifies the price and demand of
core parts for an automotive recycler and simplifies the process of selling those parts. Developed in partnership with Rebuilders Automotive Supply (RAS), Hollander notes that CoreConnectenables recyclers to easily determine the value of cores they have in inventory or on salvaged vehicles they are considering purchasing, by identifying the demand for those parts.
According to Hollander, “CoreConnect provides inventory valuation, key decision support information within the applications workflow, and streamlines the process of selling and shipping the parts to RAS.” Further, the web-based application optimizes the cores’ valuation process by giving recyclers various ways to identify the parts’ value. Users can search by vehicle by entering or scanning the vehicle’s vehicle identification number (VIN), run a query against their entire inventory, and subscribe to alerts for limited-time offers for high value parts. Once a core is placed into the program the price is guaranteed for a period of time, while the recycler retains the ability to remove and sell the core elsewhere. CoreConnect also manages the process of notifying RAS to pick up a core bin when full and electronically invoices them.
Nordstrom’s Automotive, Inc. Hosts U.S. Senate Commerce Comm. Committee Chairman
NDARA member, Nordstrom’s Automotive, Inc , recently hosted the U.S. Senate Commerce Committee Chairman, Senator John Thune (R-SD) for a tour of their facility in Garretson, South Dakota. Senator Thune’s Committee has oversight over
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automotive and auto safety issues and has been the venue for all of the auto recall hearings over the past year and a half. Shannon Nordstrom led the tour and was accompanied by ARA CEO Michael Wilson.
The Senator and his staff spent two hours touring the facility, meeting many of the employees, and following the professional automotive recycling process from when the vehicle is bought through its final crushing. This part of the tour was particularly interesting since Shannon had just recently acquired and dismantled the Senator’s old vehicle and had several of the parts for demonstration use in the tour. The same Chevrolet Lumina that Senator Thune drove cross country to Washington, D.C. when he won the seat in the House of Representatives was dismantled and put on display to explain what the professional automotive recycler does on a daily basis for a greener planet.
There is probably nothing more valuable in advocacy than when a lawmaker actually sees the operations of a small business in his/her state or district.
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Following is a suggested email message to send your legislators to invite them to visit your business. It’s a good idea to invite both your state senator and your state representative but we suggest you deal with each one individually. Their staff will set up the visits for you.
SAMPLE EMAIL
Dear.......................... We would like to invite you to visit our auto recycling business. A tour of our facility takes about 90 minutes. We are located in your district in the community of ............................. We have been in business since ..............and we employ ..............people.
Although we are located in (state), we serve customers world-wide. We reclaim every part of a vehicle, reducing environmental impacts and saving consumers money. With sophisticated inventory systems, we provide quality used parts to individuals, collision repairers, insurance repairers and other out
of state recyclers.
We are members of the North Dakota Auto Recyclers Association (NDARA), a trade association that represents licensed automotive recyclers in North and South Dakota. For more information on benefits of auto recycling we hope you will visit the NDARA website at http://www.northdakotaautorecyclers.com
We look forward to your visit and are anxious to show you how important this industry is to your constituents and to our state. Please contact (name, email and phone) to schedule your visit.
Sincerely,
………………………………………
Report Early and Report RightBy Jay Svendsen
This legislative season, NMVTIS has been a very hot topic with more and more states actively using the NMVTIS system for verification, titling and daily record processing. Likewise, law enforcement is finding benefit in the data and using it more than ever. States like Georgia, Mississippi, North and South Carolina have already passed legislation that specifies more frequent reporting to NMVTIS than the 30 days required by federal law. In April state legislation passed in Iowa requiring reporting to NMVTIS within 48 hours and other bills in Tennessee, Alabama, Illinois, Indiana and New Hampshire in process with language related to NMVTIS, some including reporting requirements in as little as 24 hours.Because of the new laws and states shortening their reporting timelines, any business that is required to report should, as a business practice, get in the habit of reporting to NMVTIS as quickly as possible (at the time of purchase or at least within 48 hours of purchase), rather than waiting 30 days from the time
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of purchase, as required by federal law. The quicker a report is made, the more useful the data is for the parties that need it, greatly reducing the likelihood of that vehicle being used for nefarious activities. If you know for sure at the time you report what the final disposition of a vehicle will be - meaning your business never resells a vehicle in a form that can be rebuilt or retitled - federal law allows you to report the vehicle to NMVTIS with an end-of-life disposition of “Scrap” or “Crush” (whichever fits your business practice best). If your business does or might ever resell or rebuild and resell vehicle as a whole vehicle that may be titled, the vehicle should be reported using a disposition of “Unknown/To Be Determined” or blank. Then, when the vehicle is either sold or disposed and the final disposition is known, it should be reported as having been sold or crushed, respectively.Now more than ever, it is very important that a business make sure their vehicles are reported accurately and in a timely manner to NMVTIS. Bills under consideration in Illinois (S.B. 1641 and H.B. 2503) address the use of NMVTIS for retitling, and many states such as Florida, South Carolins, Texas, and others already perform NMVTIS verifications before issuing new titles. What this means is that if a vehicle is reported to NMVTIS as crushed or scrapped in error or “by accident”, states may either refuse to retitle a vehicle or will issue titles with brands according the information in the NMVTIS history. Errors in reporting can cause headaches for recyclers, their customers, and other affected parties.With the shortened reporting timeframes, many of the existing automatic reporting processers will not currently meet the new requirements. For example, the recently passed law in Iowa (H.F. 653), which has not yet been implemented requires businesses to report to NMVTIS within 48 hours of purchase and to maintain proof of reporting. Many automatic processes offered by popular management systems only process exports to NMVTIS once a week. Unless and until the software is updated, businesses could be subject to a $1,000 fine per vehicle for every record that isn’t reported within the 48-hour window. A Tennessee law currently being considered (SB 1098) has a reporting timeline of 24 hours, with a mandatory stolen check and a $1,000 per vehicle fine for non-compliance. Georgia salvage businesses must report within 48 hours of purchase through Auto Data Direct, Inc., the state-selected consolidated reporting
provider. There is no charge for Georgia reporting for businesses physically located in Georgia, and those businesses can also use the Auto Data Direct system to cancel titles with the state as the time.Here is a quick summary of what is required so far by state and the effect dates for the new laws.Iowa HF 563 - Stipulates that the owner of a vehicle that does not have a certificate of title or a junking certificate may dispose of the vehicle to a vehicle recycler licensed for scrap or junk if the vehicle is three model years old or older and was acquired by the vehicle recycler for reasonable consideration equaling less than $1,000.Requires applicants seeking to become an authorized vehicle recycler to provide proof of registration with the NMVTIS.Requires a licensed vehicle recycler to comply with the federal reporting requirements within 48 hours of purchasing the vehicle. Provides that records of the vehicle recycler’s compliance shall be kept by the vehicle recycler for at least three years after the purchase of the vehicle, and shall be open for inspection by any peace officer during nominal business hours.Provides that a violation of these provisions is a serious misdemeanor punishable by a fine of at least $315, but not to exceed $1,875, and imprisonment no to exceed one year. Provides that an authorized vehicle recycler license, or an application for such a license, may be denied, revoked or suspended if the
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877-892-9194763-295-69929696 Fallon Ave. // Monticello, MNFax 763-295-6982 // www.irtmn.com
Your Reliable Consumer of
Catalytic Converters and High Grade Electronic Scrap
DOT finds that the licensee has not complied with the provisions of the bill or with federal regulations relating to NMVTIS. Eff. Date: Jan. 1, 2016Below are bills that are still not active but have not been officially passed into law as of yet:Alabama HB 458 & SB 370; Illinois HB 2503; Illinois SB 1641; Indiana HB 1396; New Hampshire HB 310; Tennessee SB 1098.
Tips for Dealing with Unsafe BehaviorI recently read an article targeted at safety professional’s that explained how pointing out another’s mistakes or unsafe behavior can be the hardest part of the job, because no one likes being told they’re in the wrong. The article had some great suggestions for pointing out a problem more easily
acceptable.
• Begin the encounter with a positive, pleasant attitude. There’s no benefit in starting out put-ting someone on the defensive. If it’s a minor infraction, you can even joke a bit. Although safety is serious - remember that the goal is to alter a behavior. You’re more apt to accom-plish that if the encounter isn’t negative.
• Don’t yell. When you yell people are prone to pay more attention to the volume and not the message, so remain calm. What you say is im-portant, but how you say it will also be key in getting the message across.
• Let the other person explain themselves. If you let a person explain their view they are for more apt to listen to you as well. In listen-ing to the other person, you might also learn something that will assist you in assisting them to work safer next time.
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• Don’t forget to give a lot of positive reinforce-ment. Make it a point to acknowledge and praise the positive behaviors you see. This practice should help balance out when you do need to discipline.
Unique Risks of Family-owned BusinessesInsight for family business owners and risk manag-ers—provided by BW Insurance Agency
Family-owned companies comprise approximately 90 per-cent of businesses in the United States. With increased employee loyalty and deep-rooted pride in their products and services, family companies are the backbone of our economy.
While any business’ relationships can be complex, adding a family dynamic to the mix creates a labyrinth of unique issues and risks to navigate. Many family business own-ers believe they are at low risk for claims; however, the opposite is true. Director and officer claims, employment-related lawsuits, fiduciary liability and more afflict family businesses just as much as other companies. In fact, they may even have more of an impact, since many family com-panies typically lack the business plans and established policies to mitigate those risks.
To leverage your family dynamic and create success for your company, use this list as a starting point to identify and understand the unique risks of family-owned busi-nesses so you can create a risk management plan to ad-dress the issues and avoid costly lawsuits.
1. Informal Business Plans and Company Policies
Do you document responsibilities and expectations for each member of your family? Does your family have a written policy of who’ll walk the dog? Do you make your teenagers sign a contract when they want to borrow the family car?
Family life isn’t usually dictated by a formal corporate structure, written policies or strategic long-term planning. Unfortunately, this informality tends to carry over to a family-owned business as well, which is dangerous when the majority of a family’s assets are tied up in the busi-ness. Some family companies lack solid business plans; company policies, if documented at all, tend to be infor-mal. Long-term strategizing, including who will take over the business, is often nonexistent. As a result, the com-pany fails.
Investing the time in creating a detailed business plan, clearly-written company policies that are consistently en-forced and defining roles for everyone (especially family members) involved with the business, is important. Devise a plan that balances family goals and business goals, and meets the needs of both.
2. Employment-related Issues
In family companies, family members fill roles as owners, employees, advisors and shareholders. Unfortunately, business interactions get complicated when family roles blend—or clash—with business roles. The dissonance be-tween someone’s role in the family and their role in the business can create confusion.
Hiring nonfamily employees or attracting nonfamily board members brings a fresh perspective and a certain degree of impartiality that can benefit any family-owned com-pany. Unfortunately, sometimes these talented individuals shy away from these roles in fear of nepotistic practices. Management duties such as hiring, firing and disciplining both family and nonfamily employees can be a challenge.
One of the biggest exposures for any company continues to be employment practices liability claims. Be cognizant of how you treat and compensate both family and nonfa-mily employees, and make sure it is consis-tent and fair to avoid claims. Furthermore, selecting the most qualified individuals to fill roles at your company—whether they are family mem-bers or not—will ben-efit your business in the long term.
3. Family Conflict Becomes Business Conflict
“Leave your per-sonal problems at the door”—an old adage that means keep your personal matters sep-arate from work life. Is this really possible in a family-owned business? In many family businesses, it’s difficult to separate family conflicts from
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business conflicts. Some conflicts are deeply ingrained and have been recurring since childhood, such as sibling rival-ry. On the other hand, the effect of a single, family-wide crisis—divorce, sudden illness or financial troubles—can create turbulence in the company as well.
Keeping family conflict totally out of business matters may be difficult to achieve, but it’s important to continue working toward establishing healthy boundaries between your family life and the business. Family conflicts are often emotion-based. Avoid allowing these emotions to lead to irrational decision-making for your business. Communica-tion is crucial; manage family conflict by identifying the is-sues that cause conflict and stress, discussing these issues with the family and developing a policy to address them.
4. Lack of Communication
As with any business, communication is the fuel that keeps the company moving. In a family-owned business, issues arise when important things are shared with those family members, and nonfamily employees and share-holders are left behind.
Communication should be a two-way conversation and it’s critical to include both family members and nonfamily employees. It’s also important to speak to all employees in a professional manner. The informal communication,
like teasing and joking, with family during personal time is one thing; avoid speaking in this way while conducting business. Family employees have been known to file ha-rassment claims, too.
5. Director and Officer Concerns
Large, family-owned companies have the risk of director and officer liability, especially regarding how the business is being managed. Family companies are at risk for law-suits that arise from employees, customers, competitors, shareholders and regulatory agencies. Since family and business goals become intertwined, you may make deci-sions for nonbusiness reasons that do not maximize the shareholders’ welfare. Whether shareholders are family or nonfamily members, they hold all directors and officers of the company liable for effectively managing their invest-ment.
Be aware of director and officer liabilities, including:
• Conflicts of interest occur if the majority share-holder gained benefits from the sale or purchase of company assets he or she controlled.
• Freeze-out mergers occur when the minority shareholders are forced to sell their stock or less than market value.
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Directors and officers of a family-owned company have the same fiduciary responsibilities—duty of care, duty of loyalty and duty of obedience—as executive management does at any other private or public company. In many cases, family shareholders have invested a considerable amount of their assets in the company. Fiduciary duties should not be neglected, even if all of your shareholders are part of the family.
6. Complying with Government Regulations
One of the biggest areas of compliance for family-owned companies involves estate plans. Without an estate plan, family companies will pay higher estate taxes than neces-sary. Estate taxes can be quite costly if the family wishes to continue the business when ownership is transferred. Most family business owners want their estate to go to their heirs and not taxes.
You want to optimize the transfer of ownership while min-imizing estate, gift and transfer taxes. Consult an attorney who understands family business laws concerning trans-ferring business assets across generations. Tax laws are constantly changing. When you establish an estate plan, you should already begin saving money for taxes.
7. No Succession Plan or Exit Strategy
In the event of major illness or death, who will lead your company into the next generation? This may be a question you don’t want to think about, or you may feel no one can do the job as good as you can, or that your successor is not ready for the job. However, having a plan for succes-sion is critical if you want your company to have future success. Some business owners plan their exit strategy and groom their successor under their tutelage for years; some are forced to do this quickly in the case of a sudden illness or unforeseen death.
Succession planning can take years; don’t wait until a crisis hits to start planning. To ensure the ownership or man-agement transition is as seamless as possible, use a com-prehensive succession plan with four phases: initiation, selection, education and transition. Choose a successor based on their qualifications and competency—this may not necessarily be a family member—but make sure he or she is qualified for the job and have the company’s best interests in mind. Then, give the reins of your company to your successor, one at a time.
You may have to engage the assistance of outside advisors during this process. A professional business consultant or an advisory board made up of nonfamily members who can take the “family dynamic” out of the planning process can lead your company to a successful future.
Contact BW Insurance Agency to learn more about the insurance tools and resources we can offer to help you protect your family business now and prepare it for future success.
Scrap Commodities Market ReportJuly 2015
Approximate Pricing
Crushed Cars 130.00 NTSteel Rims 170.00 NTMotor Blocks 150.00 NT#1 Auto Cast 180.00 NTAluminum Rims 0.65 LBAluminum Condensers Clean 0.45 LBAlum/Copper Radiators Clean 1.05 LBAluminum Case Transmissions 0.10 LBDirty Aluminum 0.10-0.25 LBBatteries 0.22 LBLead Wheel Weights 0.25 LB
*This Report is for the sole purpose of informing members of current metal market activity.**For More accurate and current pricing call your scrap metal vendor.
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WorkPlace Safety
ARA News for Safety Supervisors
Use Proper Hoists and Latches to Lift Engines
Although there is no specific OSHA standard that defines which hoist and latch you use, OSHA has fined recyclers under its general safety clause for unsafe use of hoists and latches.
Inspect hooks and hook latches prior to each use.
With hooks check for:
Distortion such as bending, twisting or increased throat opening
Wear, cracks, nicks or gouges; and,
Hook attachment and securing means.
With hook latches, check for:
Missing latch - you must replace to be in compliance
Latch engagement, damaged or malfunctioning latch; and,
Proper operation and locking of self-locking hooks.
Go to http://files.ctctcdn.com/dae4f49d001/3aa7c1cc-7690-4769-ba20-34989019cea8.pdffor a sample hoist check list developed and used by an ARA Member Facility to provideyou with common sense safety practices on hoists and latches. ARA Safety Committee Provides Safety Audit Checklist Tool
On behalf of the Safety Committee and its Chair, Doug Reinert (ARA Past President), here is yet another safety resource - the ARA/Wells Fargo OSHA Audit Checklist - provided to you as a guide outlining what you need to do to successfully meet the requirements of an OSHA audit.
Wells Fargo Insurance Services worked with ARA to develop this guide specifically for professional automotive recycling facilities. We hope you find this tool useful (use the link below to view and download)
http://files.ctctcdn.com/dae4f49d001/3244dd7a-7722-4da5-be44-e013d8343541.pdf
2016 Upper Midwest Auto Recyclers Convention & Trade ShowPam’s Auto – St Cloud, MNApril 15 – April 16, 2016
SAVE THE DATE
Hosted by Pam’s AutoAutomotive Recyclers of MN (ARM) and CARS of WI
www.recyclersconvention.comQuestions? Call 612-781-5555
or email [email protected]
200 Plus late model repairables & 15 acres of
used auto parts.
701-336-756310
SIOUX CITY COMPRESSED STEEL COMPANY
FULL SERVICE SCRAP RECYCLING IN ONE CONVENIENT LOCATION
COMPETITIVE PRICING - PROMPT PAYMENTWE OFFER SHREDDING, SHEARING & METALS PROCESSING
WE BUY BODIES, NON-FERROUS METALS & IRONWE ACCEPT TRAILER LOADS OF CUT STEEL, UNPREPARED, CAST IRON,
AND ALL METALS
IOWA LICENSED APPLIANCE DE-MANUFACTURER ON SITE
ENVIRONMENTALLY CONSCIOUS
LOCALLY OWNED & OPERATED FOR OVER 60 YEARS
2600 Blvd of ChampionsSioux City, IA 51111
PO Box 3262Sioux City, IA 51102
Toll-Free: 800-889-8848, Local: 712-277-4100, Fax: 712-277-1210
www.compressedsteel.com
North Dakota Automotive Recyclers AssociationApplication for Membership
Company Name ______________________________________________________________________
Contact Person & Title__________________________________________________________________
Address ______________________________________________________________________________ City, State, Zip _______________________________________________________________________
Phone: Fax: E-mail ____________________________
Web: Toll Free: _____________________________________________
ENCLOSED IS MY NDARA MEMBERSHIP CHECK:
o $150.00 Annual Fee
NDARA membership is open to all auto recyclers in North & South Dakota, as well as all associated businesses.
Our membership year runs from October 1 – September 30Please make check payable to NDARA
Please return this form with your membership check to:
NDARA3333 Skycroft Circle
Minneapolis, MN 55418
Phone: (612) 782-8786Email: [email protected]
www.NorthernMetalRecycling.comRecycling To Create Resources.
The Upper Midwest’s Leading Metal Recycler And Scrap Metal Experts.
654 Ninth St. N, West Fargo, ND 58078All Grades Of Scrap Metal
Richard Blakeman(701) 282-4454
Fargo Area
225 South 26th St., Bismarck, ND 58504All Grades Of Scrap Metal
Scott Lunneborg(701) 223-4209
Bismarck Area
8044 135th Ave. SE, Milnor, ND 58060All Grades Of Scrap Metal
Dale Johnson(701) 427-5512
Milnor Area
For Large Volume Pricing CallJoe Alexander
(320) 634-3035
North Dakota Automotive Recyclers Association3333 Skycroft CircleMinneapolis, MN 55418
