ATBS

PIB TIP: PLAN TRIPS EFFICIENTLY. Deliver as early in the day as possible. On appointment loads, deliver 30 minutes early. An empty trailer gives you more options than a load sitting on your trailer waiting to be delivered. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by the load-matching service TruckersEdge, powered by TransCore DAT, Schneider National Inc. and ...

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PIB TIP: PLAN AHEAD IN YOUR DOWNTIME: While you have to wait, plan ahead by wiping off reflective tape or by updating your log book, especially the recap, which if maintained can keep you abreast of your hours of service. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by the load-matching service TruckersEdge, powered by TransCore DAT, Schneider National ...

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PIB TIP: MAKE THE MOST OF YOUR DOWNTIME: Make the most of your waiting time, such as while loading or unloading or getting truck washes. A few ways to use the time well include taking a walk, organizing clutter in your cab or checking your tires, lights and maintenance records. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by ...

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Featured Article: Renewed hope

As the economy stabilizes, owner-operators can emerge from debt and cope with tight credit markets by scrutinizing expenses and focusing on essentials.

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Featured Article: Buy new or redo?

Don’t let a single price tag drive your decision to rebuild, repair or replace a failing truck or component. Count all the costs and make the right choice.

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PIB TIP: UNDERSTAND YOUR EARNINGS:  Determine a reasonable amount of miles you expect to run. Consider your age, experience, motivation, financial goals, health, personal and family needs, and your tractor’s condition to make that determination. Establish miles to run each week, month and year, and you have goals to work toward. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored ...

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PIB TIP: KEEP UP WITH A CHANGING MARKET. Use your personal profit and loss statement to compare your performance with your business plan and budget. Your profit and loss statement should show weekly, monthly and annual costs and revenue, as well as miles driven and cost per mile. Compare your profit and loss report with your budget and figure out what changes you need to make to be profitable. The Partners in Business program is ...

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PIB TIP: PROFIT AND LOSS STATEMENT. Your settlement statements and receipts should be sorted into like categories to add up for a total at month’s end. Then your operating information should be incorporated into a consistent format called a profit and loss statement, which should include how many miles you drove, your revenue, your costs and how much money you made during the month. The Partners in Business program is produced by Overdrive and the ...

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PIB Tip

PIB TIP: SAVE YOUR RECORDS. You must keep the records that were used in the preparation of your tax return (records that support income and deductions) for at least three years from the date you filed the return. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by the load-matching service TruckersEdge, powered by TransCore DAT, and Schneider National Inc.

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PIB TIP: TRANSPORTATION. For use of a personal vehicle for business, you should include the cost of the car and improvements, the date you started using it for business, the mileage for each business use and the total miles for the year. You should include your business destination and purpose of the trip. These details can be kept in the notebook you carry with your receipt envelope. The Partners in Business program is produced by ...

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