Economy

Used truck glut can spell bargains for buyers

By January 2017, retail prices for 3- to 5-year-old sleeper tractors averaged $65,910. That was $7,412 lower than the same group a year ago, and with 2.2 percent fewer miles.

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Owner-operators trend optimistic about business in 2017

We can take the optimism expressed in these results with a crunchy-good grain of road salt or sand, but for the first time in the few years, a majority of owner-operators think this coming year will be better than the last. Recent indicators agree...

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Readers see racial element in U.S. election

Readers see racial element in U.S. election

White-grievance or -identity politics, a majority of November/December OverdriveOnline.com poll respondents noted, did play a role among Trump’s voters, while a more vocal minority believed it didn’t.

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2017: Regulations, the economy and your career path

Is your career path leading you to become a "critical-thinking, problem-solving" business owner?

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Eight owner-operator takeaways from a trucking economist’s talk

Eight owner-operator takeaways from a trucking economist’s talk

Here are some points made by trucking economist John Larkin, plus Overdrive's take on how they could have some bearing on owner-operators, especially independents.

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State of freight: Market pressure on driver pay stalled?

State of freight: Market pressure on driver pay stalled?

Though recent years have shown better trends, with pay rising fairly sharply for company drivers and independents alike, there's evidence from carrier surveys that such increases have now lulled. Lower volume expectations indicate increases in driver pay could be limited in 2016.

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Framing the trucking labor situation: Shortage at what price?

“Labor shortage” can mean different things to different people, whether a supply/demand imbalance at "current market prices" or "at any price" -- the latter often well implied in driver shortage stories that suggest a disruption to the supply chain that consumers will see and feel.

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The driver shortage alarm

The disconnect between the money and the mantra: As trucking has trumpeted a driver shortage over most of the last 10 years driver pay hasn’t risen in a way that would reflect such a strong labor demand.

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Owner-operator 2016 business outlook trends pessimistic

Results of recent polling show a trend toward a pessimistic outlook following a 2015 that didn't exactly live up to expectations as they stood this time last year.

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POLL: What’s your business outlook for 2016?

Owner-operators, how do economic conditions and your opportunity for profit look from the driver's seat in your business? Will the coming year be better, about the same or worse than the one in the rear view?

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