Business

Business
California contractor law: Likely next steps, pivots for truckers if enforced
Many feel indiscriminate application of AB 5 to trucking is like carpet-bombing a legitimate business model in leasing owner-ops, when the weapon the state needs is already in its tool belt, a hammer for tax dodgers 1099'ing drivers who own no equipment.
May 7, 2021
dollar sign, state of california sign
Business
Spot market: After hitting bottom a year ago, rates regain the top – flatbed, reefer at $3-plus
Accounting for fuel, the national average spot van rate was $2.68/mile during the first three days of May. Reefers fetched an average $3.10/mile, and the flatbed rate was $3.02.
May 7, 2021
DAT flatbed graph
Business
Trade groups call on House Democrats to reject insurance increases
A 60-organization coalition representing trucking, agriculture, construction and other industries petitions U.S. House to reject an increase of minimum liability insurance. Other news: New shorepower options for e-reefers; Wyoming adding parking on I-80.
May 6, 2021
Overnight Roadside Parking Grainy Blur
Business
DOL officially withdraws rule to define independent contractor
The rule that would have provided clarification as to whether workers are employers or independent contractors has been withdrawn. Also: Former acting FMCSA boss joins an autonomous trucking firm; S.C. launches human trafficking campaign for truckers.
May 5, 2021
Flatbed Truck On Highway Lane Restriction
Overdrive Radio
Rising oil prices -- for this dry bulk hauler, there's far less fear than opportunity
Oil services fleet Sisu Energy owns no trucks or trailers itself, nor do dispatch personnel at the company. Owner-ops leased there take that to heart as evidence the company’s sticking to its mission to be a platform where owner-operators can thrive.
May 5, 2021
truck at natural gas site
Partners in Business
Partners in Business tip: Save every receipt, no matter how small
Take advantage of all your business expenses by collecting your receipts no matter how small they might be. Get more details right here on Overdrive Online.
April 8, 2020
business money taxes
Regulations
FMCSA medical board to talk vision, diabetes in upcoming meeting
The agency's Medical Review Board meeting in May to discuss proposed rulemaking to amend the vision standard. Also: Fuel prices see slight increase; COVID vaccine at Iowa 80; Spring weight restrictions lifted in Mich.; deal on this former trucker's book.
May 4, 2021
Fuel May5
Overdrive Extra
Know the value of your time to assess true profit
Gary Buchs on the value of assessing cost, profit and driver pay per hour to evaluate any given load. It could help you know that customer who’s got a huge detention problem is no longer worth the time and effort, among other benefits.
May 3, 2021
Cars and trucks driving on highway passing by truck rest area exit
Business
Maryland man pleads guilty to falsifying military documents in CDL scheme
The man admitted that he falsified DD-214s and military waiver forms for drivers wanting to obtain CDLs in exchange for cash. Also: Apex Capital factoring integrated into Axele TMS; MHC Kenworth relocates South Atlanta dealership in McDonough, Ga.
April 29, 2021
Court Gavel
Business
First-quarter cargo theft mostly flat year-over-year, firm reports
California, Texas and Florida saw the most cargo theft activity in the first quarter of 2021, according to theft recording firm CargoNet. Also: Mack will soon accept submissions for its 2022 calendar; more.
April 28, 2021
California, Texas and Florida saw the most cargo theft activity in the first quarter of 2021, according to theft recording firm CargoNet.
Business
Federal court says California's AB 5 applies to trucking
A three-judge panel voted Wednesday to overturn an injunction that exempted the trucking industry from the ABC independent contractor test. The California Trucking Association is vowing to continue the fight, which requires an appeal to SCOTUS.
April 28, 2021
Semi trucks driving along highway
Partners in Business
Partners in Business tip: The benefits of trailer ownership
While leased operators don’t have the pressing need to provide a trailer that most independents do, they often find trailer ownership has significant earning potential.
April 1, 2020
great dane
Regulations
Senate Republicans' highways counter-proposal | OATS show canceled
The Republicans' response to Biden's infrastructure proposal includes $299 billion allocated for roads and bridges. Also: OATS truck show canceled; FedEx Freight driver named Women in Trucking Driver of the Year; recalls from Daimler, Paccar, more.
April 27, 2021
Pothole Money Infrastructure Funding
Business
Small-business lender to pay almost $10M in fraud settlement
A leading provider of a type of small-business funding that has caused problems for small motor carriers will pay more than $9.8 million to settle Federal Trade Commission fraud charges. Much of that sum is intended for refunds to victims.
April 23, 2021
Hand offering loan to man
Business
IRS meals deductions change doesn't apply to truckers' per diem
ATBS clarifies deductibility of per diem in light of recent IRS meals shift. Love's companies and Cargill's new 50/50 joint venture to produce and market renewable diesel. Driver recognized as Highway Angel for helping locate missing elderly man.
April 22, 2021
Taxes Filing Extension Owner Operators 2020 03 24 12 30
Business
Cost, opportunity worries dominate small fleets' Biden administration outlook
On a scale of 1-5, with 1 being "Extremely negative" and 5 "Extremely positive," independent owner respondents to a recent Overdrive survey rated the likely Biden administration business-conditions impact a 1.6 on average.
April 21, 2021
Screenshot 2021 04 21 15 29 13
Partners in Business
Partners in Business tip: Have a fixed residence
Run a single-truck business? You need to report a fixed residence. Here’s why.
March 26, 2020
truck-on-highway-flatbed-FLD-freightliner-2017-05-18-08-28
Regulations
FMCSA petitions to delay implementation of electronic med cert rule until 2025
The agency says it needs more time to develop certain IT systems for the National Registry of Certified Medical Examiners before the rule takes effect. Also: Kinedyne offering cargo securement tips ahead of Roadcheck; rates round-ups for last two weeks.
April 20, 2021
Doc Hours Parking
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Business
California contractor law: Likely next steps, pivots for truckers if enforced
Many feel indiscriminate application of AB 5 to trucking is like carpet-bombing a legitimate business model in leasing owner-ops, when the weapon the state needs is already in its tool belt, a hammer for tax dodgers 1099'ing drivers who own no equipment.
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Trucker Talent Search
Trucker Talent Search semi-finalists announced
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Life
Cancer survivor featured on Overdrive’s Music to Truck By
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Overdrive Radio
Rising oil prices -- for this dry bulk hauler, there's far less fear than opportunity
Latest Gear Guide includes tips on in-cab lighting, cleaning your truck and
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Latest Gear Guide includes tips on in-cab lighting, cleaning your truck and
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