Business

Report: Higher driver pay, more expensive equipment drive up trucking costs

| September 24, 2014

The average cost per mile for fleets rose 5 cents a mile in 2013 to $1.68. Retention and recruiting efforts by fleets to mitigate a perceived driver shortage, including wage increases for drivers, are what drove “labor costs” higher.

Is this the truck of the future?

| September 23, 2014

Daimler pulled the curtain back Sept. 23 on what it’s dubbed the Future Truck 2025: A revolutionary cabover that blends technology, aerodynamics and design in a way unlike any truck has done before.

Diesel price falls another 2.3 cents, still at multi-year low

| September 23, 2014

The national average price for a gallon of on-highway diesel fell another 2.3 cents in the week ended Sept. 22 to $3.778, according to the DOE. That’s the lowest average diesel price since the week ended July 16, 2012, and the 12th straight week that the price of diesel has either dropped or remained flat.

New O/O biz software

| September 22, 2014

TruckLogics is the newest entrant into the mobile-capable owner-operator business software market, with dispatching, invoicing, maintenance and other expense tracking, IFTA reporting and other functionality.

House introduces bill directing FMCSA to fix CSA, remove scores from public view

| September 22, 2014

A bill has been introduced in the U.S. House to require FMCSA to remove from public view the carrier rankings and scores produced in the agency’s Compliance, Safety, Accountability program from public view.

When rates drive capacity: Growth in new-carrier registrations follows spot-market rate boom

| September 19, 2014

Owner-operators with their eyes on real-time demand data are well-positioned to capitalize on a large volume of freight -- and attendant good rates -- available from brokers in the spot market.

More trucking groups call on FMCSA to remove CSA scores from public view

| September 18, 2014

Several more trucking groups have called on DOT head Anthony Foxx to remove carriers’ safety data and Compliance, Safety, Accountability rankings from public view, saying the agency uses data that has “statistical flaws” to produce the Safety Measurement System rankings within CSA.

What will a mandatory minimum insurance hike cost an owner-operator?

| September 16, 2014

Liability insurance, particularly for new owner-operator businesses, can rank number one for in fixed costs for an independent without a truck payment -- $10K a year or more for a new business. If you've boosted your total coverage amount from $750K or $1 million upward in recent years, how much more did you subsequently pay in premiums?

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