owner-operator business plans

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 DECELERATION. Fuel is converted to wasted energy with hard and frequent braking, in which case much of the fuel you need to get up to speed again is lost. Safety experts recommend watching ahead a distance of 12 seconds to prevent having to react at the last second. You are less likely to need to engage the engine retarder in city traffic if the 12-second rule is followed. The Partners in ...

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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: A PENNY SAVED IS $1,300 EARNED. Understanding basic principles of operating costs can save you thousands of dollars a year. The owner-operator who can save just one penny per mile over the typical 130,000 miles annually will save $13,000. 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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