business plans

PIB TIP: SPEC FOR YOUR APPLICATION. Effort put into careful spec’ing will pay off in any of the four main tire applications: long haul, regional, on/off road and urban. The different applications mean different tire lives. Specific steer, drive and trailer tires are available for each application. If you're spec'ing a new truck, you can pick any tire size suitable to your application. The Partners in Business program is produced by Overdrive and the consultants ...

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PIB TIP: CHECK TIRE WEAR. Pre- and post-trip inspection of your tires is a great time to check for irregular wear, flat spots and other indications of tire maintenance needs. Since tires are the second biggest variable cost, adopting cost-cutting practices, such as careful inspections of the tires, really pays. 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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PIB TIP: YOUR IFTA ACCOUNT. You must get your own International Fuel Tax Agreement account to do your own fuel tax reporting, whether you do it yourself or through a third party. You do not have to have your own operating authority to get an IFTA account, but independent owner-operators must have such an account in their base plate state and be responsible for quarterly reporting. The Partners in Business program is produced by Overdrive ...

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PIB TIP: PASS UP COSTLY FUEL STOPS. Owner-operators are well advised to pass up network fuel stops that are too costly, too far off route, sell inferior fuel, are dangerous or poorly maintained, or are perceived as a profit center for the carrier at owner-operators' expense. If you have concerns about a stop on the fleet network, respectfully bring them to the fleet’s attention. The Partners in Business program is produced by Overdrive and the ...

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PIB TIP: GET WITH THE PROGRAM. Owner-operators can save an average of 6 cents per gallon when they are able to participate in major carriers’ discount fuel networks. If your fleet has a fuel-optimizer program, use it. An optimizer program helps an owner-operator plan a trip, based on fuel prices and locations in the carrier’s fuel network. Fees for using such networks have become rare, thanks to competition for drivers. The Partners in Business program ...

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PIB TIP: FINDING THE CHEAPEST FUEL. The real cost of fuel is the pump price minus the taxes. There are ways to save money on both the fuel you buy and the fuel taxes you pay. Learn what your carrier’s fuel tax policy is, and find out which states have the best diesel prices. Daily fuel prices by lane and fuel tax listing are on eTrucker.com and in motor carrier atlases such as Rand McNally’s. The Partners ...

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PIB TIP: CUT OUT-OF-ROUTE MILES. If you’re like many owner-operators, with 6 percent to 10 percent of your miles out of route lost to detours, side trips and just human error, you could possible cut them 3 percent. Doing so would save 3 percent on fuel, as well as on other variable costs such as tires and maintenance. Rethinking your route, minimizing side trips and getting better directions will pay off in savings. The Partners ...

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PIB TIP: SLOW YOUR ACCELERATION. This will consume less fuel and be easier on the mechanics of your equipment. Accelerating slowly on hills or in the mountains is especially important because doing so helps reduce effects of gravity. Rapid acceleration creates premature wear on the engine, driveline and tires, and increases fuel costs. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and ...

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PIB TIP: MAINTAIN TIRE PRESSURE. To reduce rolling resistance, check the tire air pressure in all 18 tires and fill them up at least weekly to the manufacturer’s specifications. The trailer tires may belong to your carrier, but why pay the extra cost of pulling a trailer with under-inflated tires? 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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PIB TIP: PERFORM REGULAR PM. Preventive maintenance ensures your truck is running efficiently. Check your current miles per gallon at each fill, and if it falls off, determine the reason. Check often enough to catch low oil, a dirty air filter or an air compressor leak. Don’t use a higher-viscosity oil than you need. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, ...

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