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Business: Page 16
Regulations
DOT increases fines for regs violations to reflect inflation
The annual adjustment to civil penalties for violations of certain DOT regulations is required by law. Also: Biden signs into law a streamlining of TSA background checks for Hazmat/TWIC; trucking activity down in November.
January 2, 2025
Independence and Growth
Getting your own authority: Basics of filing, insurance and avoiding common mistakes
For an owner-operator intending to secure freight from brokers or direct customers independent of another trucking company, motor carrier authority is a must. Follow these steps to obtain authority and avoid common application errors.
January 1, 2025
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March 24, 2025
Independence and Growth
What are your rights, recourse options when a broker doesn’t pay?
Clearly, nonpayment has been an issue for plenty owner-operators in Overdrive‘s audience over the years. In response to polling, three in four reported taking some recourse in the event of nonpayment. Here, details on bond claims, finer points, and more.
January 1, 2025
Independence and Growth
Insurance to defend against the downhill threat of post-crash litigation
There's plenty for owner-operators and small fleets, especially those with authority, to learn from large carriers that have been targeted in questionable litigation. Make smart choices about where to spend your money to ward off risk.
January 1, 2025
Independence and Growth
How to get access to military freight
A primer for owner-operators and small carriers on doing business direct with the military — or the 3PL contractor controlling a substantial portion of general military freight — to haul DOD loads.
January 1, 2025
Regulations
FMCSA delays broker-authority 'immediate suspension,' other regs provisions
FMCSA announced plans to delay implementation of certain provisions of its new broker/forwarder regs from January 16, 2025, until a full year later in 2026. Provisions delayed include the long-awaited suspension of broker authority after valid claims.
January 1, 2025
Safety and Compliance
What's appropriate as 'personal conveyance' in the logbook or ELD under the hours rules?
This video, part of the Trucking Law series originally, explains regulatory guidance around "personal conveyance," making clear what is/isn't acceptable off-duty movement of the truck under the hours of service.
January 1, 2025
Business Management
Keen fixed, variable cost understanding key to owner-operator success
Trying to reduce costs, let alone make sense of them, can be a complicated task. Understanding basic principles of operating costs can save you thousands of dollars a year.
January 1, 2025
Business Management
Controlling fuel costs, improving efficiency critical to any owner-operator's survival
Reducing your speed, limiting idle time and using technology to your advantage are among myriad ways to help improve the bottom line by increasing fuel efficiency.
January 1, 2025
Business Management
Time management can make or break an owner-operator's business
Maximizing your time and increasing the efficiency of your business are keys to success as an owner-operator. Know your split-sleeper options in the hours of service, and don't be afraid to deadhead if it makes sense. Fixed costs never stop.
January 1, 2025
Partners in Business
Calculate any load's cost in relation to time, not just miles
Evaluating any given load’s value, it’s crucial to consider costs to haul the freight on a per-mile basis, but also in relation to time. This custom-spreadsheet table and Overdrive's Load Profit Analyzer can help
January 1, 2025
Starting Line
The costs -- and broader considerations -- to keep in mind when leasing to a carrier
For any owner-operator, it's expensive to switch carriers, so keep these things in mind if you're in the market for a new business partner to lease to.
January 1, 2025
Overdrive Radio
4 million miles toward optimism for a new year: Ring in 2025 with Overdrive Radio
A small fleet owner builds direct business after getting burned by a broker to a concert tour-haul run with country-rock legends, plenty in the way of biz advice borne of experience, and so much more: Overdrive Radio's 2024 in review.
December 31, 2024
Channel 19
Overdrive's top 10 trucking stories of 2024
The Ice Pick Bandit, broker transparency and other regs, middlemen acting crazy, marijuana laws changing, Trump taking back the White House. ... Which was the most important story in trucking in 2024?
December 31, 2024
Business
Finance-crimes network's reporting requirement halted again in court
The Corporate Transparency Act's implementation was again halted on appeal, in yet another flip-flop ruling. That means small biz, including owner-operator LLCs, do not need to report ownership info to Treasury.
December 10, 2024
Business
Cost of congestion tops $100 billion annually, nearly $8k per truck
Traffic congestion cost the trucking industry 1.2 billion hours and $108.8 billion.
December 18, 2024
Trucker of the Year
Compete for Overdrive's 2025 Trucker of the Year honor
The program recognizes acumen/innovation of owner-operators, the bedrock of the entrepreneurial spirit in trucking. If you’ve persevered through freight-market challenges the last years, you're no doubt a worthy contender.
December 20, 2024
Business
Transparency enforcement 'bad for shippers, brokers and carriers': DAT's Ken Adamo
In theory, broker transparency could give away the game for freight middlemen and incentivize small trucking companies and shippers to work together. But Adamo plans to weigh in against the FMCSA's rule in official comments. Here's his argument.
December 20, 2024
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Top Stories
Regulations
DOT reveals the real reason it's pushing out 200,000 non-domiciled CDL drivers
The U.S. Department of Transportation said it doesn't need a study on safety outcomes to end non-domiciled CDL issuance, because foreign citizens can't prove their U.S. driving records. Here, find both DOT's and the non-domiciled CDL rule challengers' arguments in detail, before a court decides the fate of the rule.
Small Fleet Champ
Roadside war stories, camaraderie, ownership advice: Small Fleet Champs deliver
Trucker of the Year
Trucker of the Month John Penn reaps 10-mpg-plus rewards of two decades learning, growing
Custom Rigs
'A Touch of Class': Greg Kiser Trucking's custom '08 Pete makes old-school style new
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