Partners in Business

PIB tip: Obtain a monthly earnings statement

All of your records should be converted into a profit and loss statement at the end of every month to show miles, revenue, costs and how much money you made or lost.

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PIB tip: Save your log books

Your log books are your best record of your per diem (daily) expenses, primarily meals, so be sure to keep them in a safe place along with your receipts and tax returns. You may need your logs to prove your expenses, should you be audited.

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Credit, net income improving for owner-operators

A few sunny spots for owner-operators, and a few tips on increasing the profitability of your operation.

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On dying breeds — and free pickup bedliners!

When talking about past "outlaw" segments of trucking culture, owner-operators are hardly the primary participants. (Also: a contest from Plastikote to win a free pickup bedliner -- you're welcome.)

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Plan compliance duties before going independent

It’s easy to look at a load board and dream about getting those rates posted and not sharing them with your carrier. It’s another matter entirely to end up making less than you do now because of all of the additional costs.

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Check out these videos and more

Got a little extra time on your hands at the truck stop and looking for something to watch? Overdrive has a cache of free trucking-related videos covering a wide-range of interests. If you are interested in valuable business information to help you become a more successful owner-operator, consider the latest Partners in Business seminar. Maybe you are thinking about customizing your truck or just enjoy seeing what others have done. Check out: Perhaps you want a little entertainment. ...

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Challenge No. 1: Adapting to change

Among the many challenges owner-operators face, perhaps the biggest is choosing exactly how to adapt to industry change to remain competitive and profitabile.

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Big D blowout: John Anderson highlights Dallas show

Country star John Anderson, national championship truck competition and more distinguish event-packed 2012 GATS

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Fuel management: Optimization, taxes and surcharges

Overdrive columnist and trucking radio host Kevin Rutherford presents "Fuel management: Optimization, taxes and surcharges."

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Avoid these common tax prep mistakes

If you want to dodge common mistakes owner-operators make on tax returns, you need to check certain numbers, advises columnist Kevin Rutherford.

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