business plans

PIB TIP: USE OF AERODYNAMICS SAVES MONEY. Use all-position tires on the rear, and make sure they’re the same tread as the steer tires. Match the sleeper package to the application: When you’re pulling a tank or flatbed, for example, a flat-top sleeper is the most aerodynamic option. Keep your gross vehicle weight as light as possible. Even if you make up for weight savings with heavy loads, you’ll improve the fuel economy per pound ...

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PIB TIP: THINK AERODYNAMIC. Snug the trailer tight to the tractor to cut down on wind resistance. The ride may not be as good, but the savings are worth the trade-off. Add features such as roof fairings, chassis fairings, cab extenders and aerodynamic mirrors. Mount air cleaners under the hood. Following these tips will help your existing truck be more fuel efficient. The Partners in Business program is produced by Overdrive and the consultants at ...

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PIB TIP: SPEC YOUR TRUCK WISELY. Your paycheck will show whether you chose a truck with a big engine and a lot of chrome versus a truck engineered to meet your business needs and help you succeed. Weight and maintenance are in sharp contrast between a wannabe show truck and an aerodynamic truck that is efficient for business. The aerodynamic truck yields greater load capacity, more comfort, less noise and higher profit. The Partners in ...

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PIB TIP: CONSIDER AN APU. A recent survey shows the average owner-operator idles more than 5 hours a day, in all weathers. That’s the equivalent of 18,000 yearly miles on the engine, says Argonne National Laboratory. Cutting that idling to zero eliminates 18,000 miles of wear, extends your oil-drain interval and saves nearly $4,500 in fuel costs with diesel at $3 a gallon. The Partners in Business program is produced by Overdrive and the consultants ...

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PIB TIP: REDUCE AVERAGE SPEED. It’s easy to get into the trap of driving fast. But speed is the main reason for increased fuel consumption and reduced profit. Experts agree that every mile per hour driven over 60 mph reduces fuel economy by one-tenth of a mile per gallon. 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 Schneider ...

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PIB TIP: CALCULATE YOUR MPG. Calculate your mpg by tracking your mileage between fill-ups and dividing the total by the number of gallon you burned. Do this for all trips. Weather, loads, routes, traffic, terrain, road surfaces and other factors affect fuel economy, which can be somewhat controlled if monitored. 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: CONTROLLING FUEL COSTS. You can make the wisest business decisions about fuel when you know your fuel economy, expressed in miles per gallon, and your fuel cost per mile. 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 Schneider National Inc. and Freightliner Trucks.

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PIB TIP: AVOID FRIVOLOUS SPENDING. The average ATBS client nets only 32 cents for every dollar of gross revenue, hence, 68 cents per dollar earned goes toward vital business expenses. Heeding that ratio can help you resist a frivolous spending spree the next time you have a big settlement check. 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: FIXED AND VARIABLE COSTS. A fixed cost is determined and does not change from month to month. Any expense related to time, such as a tractor payment, insurance payment, permit and license fees, is a fixed cost. That cost will be the same every day whether your truck is driven one mile or 600 miles. A variable cost – such as fuel, tires and maintenance – is related to how much you drive. ...

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PIB TIP: COSTS VARY MONTHLY. If you drive 9,600 miles one month and 10,000 miles the next, you’ll have two sets of costs for each month. If your monthly tractor payment is $1,850 and you drive 9,600 miles in a month, the payment will cost 19.3 cents per mile. But, if you drive 10,000 miles, the payment will cost 18.5 cents per mile. Fixed costs do not go down over time, buy you can reduce ...

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