Economy

2014: Prosperity, regulatory chokehold and driver demand

2014 promises to be a good year for owner-operators. Good, at least, if you don’t mind an increasingly restrictive regulatory environment.

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Hot Button: What would be the No. 1 effect of a wide owner-operator shutdown?

Opinion on the potential effects resulting from a wide shutdown has varied widely among Overdrive readers -- from a solid negative for truckers' public image to political leverage on regs.

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Carriers who pursue volume-only goal in competition are dampening good rate environment

To many carriers "seem to want to compete this way. And who gets hurt? Drivers, small businesses, people all throughout the industry."

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Carrier survey shows mixed rate, volume outlook

Smaller carriers slightly more pessimistic on volume than large carriers; a majority of all carriers are expecting rate increases over the next year.

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These nine factory sectors are hot

The Institute for Supply Management's April survey shows that economic activity in the manufacturing sector expanded last month for the fifth consecutive month.

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POLL: Has your income improved over the last year?

Vote in this poll probing economic improvement for owner-operators over the last year. Is your business doing better?

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Trucking employment continues to gain

The December employment report released this week by the Bureau of Labor Statistics shows trucking added 4,200 jobs.

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Modest proposal: $65/hour, fair detention rate to protect small biz

A reader sees a need for mandatory detention pay to protect the small business trucking life from the continuing encroachment of big-business competition and government regulation in the form of tightening hours and EOBRs.

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Indicators: Surface trade, truck orders, others improve

The week's highlights in potential economic indicators all show positive growth for both the trucking economy and the U.S. economy as a whole.

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Pay trends, part 1: Near-term forecast mixed

While industry analysts say rising owner-operator compensation for both leased drivers and independents is on a slow rise, anecdotal reports and some polls suggest otherwise.

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