Partners in Business

Partners in Business tip: Account for monthly variable costs

If you drive 9,600 miles one month and 10,000 miles the next, you’ll have two sets of costs for each month.

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Partners in Business tip: Use overdraft protection

There are options that are much less costly than bouncing a check.

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Partners in Business tip: Open a separate checking account for your business

Run a one-truck owner-operator business? Separate your business account from your personal account -- here's why.

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Driver shortage alarm, redux: ‘Turnover is the real problem’

And for too long, the situation for many drivers has been one in which "the rewards don't match the requirements of the job," said ATBS' Richard DeForest at GATS. That won't change until freight rates are able to support a better annual income for the most important part of the supply chain -- the driver.

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Prediction: Rates will jump with ELD transition

"We're going to have a truck shortage when this ELD rule gets put into effect," said ATBS' Todd Amen said during his Partners in Business GATS presentation. "Essentially it's like taking 200,000 to 300,000 trucks off the road." Here's how much he sees rates jumping.

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Partners in Business tip: Change your own oil

A one-truck operator can save almost $200 a year by moving from gallon jugs to 55-gallon drums for oil purchases.

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Partners in Business tip: Properly spec your tires

Smart tire spec’ing can save money in two ways: reducing tire cost per mile and fuel cost per mile.

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Partners in Business tip: Get an engine inspection before you buy used

For any truck you’re looking at buying, try to get an engine inspection by an original equipment manufacturer shop for that engine’s brand.

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Partners in Business tip: Practice proper oil filtration

Use good oil filtration practices. Choose a filter that meets all the engine manufacturer’s specifications. Always change it at the recommended interval to extend oil life.

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Partners in Business tip: Log maintenance records

Only with complete records can you track the work done on your truck and, when necessary, prove that required maintenance has been done.

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