Partners in Business

PIB TIP: USE OVERDRAFT PROTECTION. Most banks offer this service, which automatically draws from your savings or credit card account to cover a bad check. If savings, you obviously need to keep a good stash to make it work. Linking to a credit card is a less favorable option, but paid off quickly it’s still a lot less costly than bouncing a check. The Partners in Business program is produced by Overdrive and the consultants ...

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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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PIB TIP: CREATE SEPARATE BANK ACCOUNTS. It’s important to open a separate bank account that will be used to manage the income and expenses of your business. All your income from your trucking business should be deposited into this operating account. Trucking expenses should be paid for out of this account. 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 ...

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PIB TIP: GOOD DRIVING HABITS PRESERVE TIRES. Speeding, hard braking, curbing and tight turns cause tires to wear faster or even develop irregular wear. On the other hand, steady acceleration, braking and steering can extend the life of your tires. 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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PIB TIP: PERFORM ROUTINE MAINTENANCE. Proper maintenance of tires, wheels, axles and the steering column also will help keep your tire costs down. Wheels naturally lose alignment and balance. Bushings, shocks, bearings and valve stems wear out. Checking wheel alignment periodically can pay big dividends. Whenever you start seeing a heavy spot or a flat spot, the tire has ceased to be centered on the hub. When you need to scrap a tire, inspect it ...

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Roadside Attractions

A review of recent interesting or odd parts of trucking, plus industry data, coming events and a truck gallery.

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USE RETREADS. Premium tire makers design casings for retread use. Theoretically, undamaged casings can be repeatedly retreaded, although the tire maker’s casing warranty might run out at, for example, 750,000 miles or after three retreadings. On the downside, some carriers restrict retread use on steer axles, and some states limit the number of times a steer tire can be retreaded. If the retread isn’t from a reputable dealer, or if its markings have been scrubbed ...

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PIB TIP: WARRANTY A FACTOR IN TIRES. Most standard new-tire and retread warranties have coverage limited to normal-use defects in workmanship, product and material. Warranties are based on time or wear, not mileage. Some fully cover the tire’s lifespan, or until tread wears to a specified thickness. Most warranties have buy-back plans for retreadable tires. Know exactly what the warranty is before you buy. The Partners in Business program is produced by Overdrive and the ...

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PIB TIP: SHOP FOR THE BEST VALUE. Get the most for your money in tires, whether you spend a little or a lot. It’s tempting to shop primarily by sticker price, but cost per mile and retreading potential are more important considerations. Making an informed choice means keeping written and dated records of purchase, fuel mileage and tread depth, then comparing records between models you’ve used. The Partners in Business program is produced by Overdrive ...

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PIB TIP: SPEC FOR YOUR APPLICATION. Effort put into careful spec’ing will pay off in any of the four main tire applications: long haul, regional, on/off road and urban. The different applications mean different tire lives. Specific steer, drive and trailer tires are available for each application. If you're spec'ing a new truck, you can pick any tire size suitable to your application. The Partners in Business program is produced by Overdrive and the consultants ...

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