Max Heine

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Get a fair deal from brokers

Listen to our most recent webinar, in which Overdrive columnist and satellite radio host Kevin Rutherford covers “How to negotiate with brokers.”

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How to come out on top with brokers

Kevin Rutherford,

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Landstar optimistic in spite of lower earnings

Landstar System Inc., reported its share of lower revenue and income numbers in its third-quarter earnings statement, but the nation’s largest owner-operator carrier also sees a turnaround taking shape. The company earned $20 million from revenue of $501 million in the quarter that ended. Sept. 30. Comparable net income a year ago was $33 million from revenue of $733  million. The good news/bad news, from Henry Gerkens, president and CEO: “Notable 2009 third-quarter over 2008 third-quarter revenue ...

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Trucking experts expect very slow rebound

“The economy has bottomed out, but it is going to be slow going in the months ahead.” That was the consensus of speakers at this week’s annual management conference of the American Trucking Associations, in Las Vegas, says ATA Chief Economist Bob Costello in his weekly newsletter. One of those speakers, Sara Johnson of HIS Global Insight, predicts a contraction of  2.5 percent this year, followed by an increase of 2.0 percent in 2010 and then ...

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Learn about IFTA to watch taxes

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Latest report bodes well for freight

More good news for manufacturing. A month ago, Institute for Supply Management data showed that manufacturing grew in August, for the first time since January 2008. ISM reported today that September gave an encore performance. “While the rate of growth moderated slightly when compared to August, the recovery broadened as the number of industries reporting growth increased from 11 to 13,” says ISM’s Norbert J. Ore. “Both new orders and production are growing, but at a ...

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Pulse: Jack, be nimble

You have one great asset, especially if you are a one-truck operator, that most fleets, shippers and dealers lack.

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Manufacturing numbers strong for August

Lots of good news for trucking in today’s report from the Institute for Supply Management. Economic activity in manufacturing expanded in August, following 18 consecutive months of contraction, according to the nation's supply executives polled for the latest Manufacturing ISM Report on Business. The August numbers also show the overall economy grew for the fourth consecutive month. "The year-and-a-half decline in manufacturing output has come to an end, as 11 of 18 manufacturing industries are reporting growth when ...

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Small-business lending bounces back

Borrowing money isn’t the best thing for an owner-operator to do in a down economy like this. But if you must – or plan to do so as soon as the recovery becomes more evident – it’s good to know how the market is changing. Small-business lending was dead in the water last year as the credit market collapsed, but CNNMoney.com reports that it’s “managed to heal itself” without help from the federal stimulus funding. “Figuring out ...

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