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PIB TIP: HAVE A RESERVE ACCOUNT. The best owner-operators have at least $5,000 in reserve before they ever go into business. That amount should be maintained and increased, especially with a truck that ages. The purpose of the reserve account is to set aside money for large or unforeseen items that could put a large drain on your operating cash – major maintenance items, tires, quarterly estimated taxes and insurance deductibles, for example. The Partners ...

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Blountstown, Fla., resident Rusty Tolley describes this 2006 Peterbilt 379 as “the finest ride you’ll ever see with the load of logs.” The truck is equipped with a 425-hp Caterpillar and an Eaton Fuller 10-speed transmission. Tolley hauls logs in north Florida and south Georgia to saw mills for Prime Energy Group.

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PIB TIP: ASSESSING FUEL TAX. Each state gets its share of taxes based on the number of miles truck drivers run in a state, according to the International Fuel Tax Agreement. If you run 100 miles in Missouri and your truck gets 5.9 mpg, for example, you pay tax on 16.9 gallons of fuel used in Missouri. The state then bills your home state, which bills you. If you buy more fuel in Missouri than ...

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CRST named technology innovator for third straight year

CRST International Inc. has been named to Information Week 500 as one of the magazine’s top technology innovators for 2010.  The Cedar Rapids, Iowa-based carrier ranked 221 on the list, on which it has placed for three consecutive years. “We see the value new technology brings to our company and pass that value on to our clients,” said Dave Rusche, president and CEO of CRST International. InformationWeek identifies innovative users of information technology with its annual 500 ...

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