Business: Page 2

Business
Possible rail strike could be 'polar vortex-level shock to the freight market'
A looming railroad strike could have a historically significant impact on the U.S. economy and will influence every on-highway transport mode to some degree.
September 12, 2022
white semi-truck and train
Small Fleet Champ
10-truck Triple R Trucking pivots to flatbed, power-only amid fast-falling rates
Krystal Raue launched the company in 2014 after buying equipment from her retiring father. She has delivered consistent profits to owner-ops -- currently 9 plus her husband in the lone company rig -- with nimble shifts in freight focus with the market.
September 12, 2022
Krystal and Daymon Raue, owner-manager and owner-operator of Triple R Trucking out of Decatur, Nebraska.
Business
Fleet acquisitions on torrid pace in 2022
Just this summer, there have been more than a dozen notable mergers and acquisitions among the nation’s largest fleets, and many more all around trucking, too.
September 12, 2022
trucks parked in a line
Regulations
FMCSA revokes ELDorado ELD from registry
The Federal Motor Carrier Safety Administration removed ELDorado’s ELDorado ELD from the list of registered ELDs. Motor carriers and drivers who use the ELDorado ELDs have 60 days to replace the revoked devices with compliant devices.
September 9, 2022
A Vermont Department of Motor Vehicles officer checks the ELD data from a driver.
Business
Impossible task: ATA says 460,000 trucks needed to offset effect of potential rail strike
The trucking industry is freight rail’s largest customer and delivers the last mile of virtually every product transported by rail.
September 9, 2022
Truck passing over a train
Overdrive Radio
A stolen truck, a freight scam and a big re-evaluation on the road to small fleet success
Hear CAP Trucking's success story, hauling from a home base in Florida, in this edition of Overdrive Radio -- in owner Chris Porricelli's own words. His is the voice of a man in clear control of his business after overcoming dramatic setbacks.
September 9, 2022
Youtube
Small Fleet Champ
Customer diversification key to Lamb Fuels' recent growth
The Chula Vista, California-based petroleum-hauling fleet has grown from 14 trucks at the end of 2018 to 23 today, thanks in large part to the addition of new business units hauling aviation fuel and retail gasoline.
September 8, 2022
Lamb Fuels' Peterbilt 389
Partners in Business
Know the full extent of your costs before going independent
One major mistake many owner-operators make when considering the move to run under their own authority is to underestimate the total cost of operations. Plan compliance duties in these areas for better cost estimation.
September 7, 2022
Truck in front of house on street
Regulations
FMCSA seeks feedback on carriers’ use of COVID hours waiver
FMCSA wants feedback from carriers on the extent to which they currently rely on the emergency declaration, and any impacts on safety. Also: Freight market indices chart the way down; What are the Best Fleets to Drive For?
September 7, 2022
ELD in cab
Partners in Business
Owner-operator income trend falls off record pace
In a preview of an online seminar upcoming Thursday, September 15, at 6 p.m. Eastern time, owner-operator business services firm ATBS revealed some of the results of its semi-annual benchmarking data analysis, showing income losses over prior 12 months.
September 1, 2022
ATBS' income chart through June 2022 comparing performance to prior twelve months
Business
What's your top concern this year when it comes to trucking?
Fuel prices, truck parking, and compensation were the top 3 trucking concerns for owner-operators last year, according to ATRI. What are your top industry concerns today? Also: Recalls hit Western Star, Peterbilt, Kenworth trucks; Drivewyze added to ELD.
September 6, 2022
Diesel price sign
Small Fleet Champ
CAP Trucking refocuses on asset business, growing success in North-South LTL reefer lanes
Success in the thinking man's game that is LTL reefer hasn't come instantly for Chris Porricelli and his five-truck CAP Trucking fleet. He had to work for it, and his success has landed him as a semi-finalist in Overdrive's 2022 Small Fleet Championship.
September 5, 2022
CAP Trucking Freightliner Coronado
Overdrive Radio
Get ready for the downturn -- it's right around the corner
In Part 2 of this podcast featuring Owner-Operator of the Year Glen Horack, the Missouri-based hauler elaborates on themes of preparation by building the emergency nest egg. A big downturn is inevitable just about every 10 years, he said. Get ready.
September 2, 2022
overdrive radio logo sponsored by howes with images of two semi-trucks and glen horack
Business
Pony Express-style freight? Startup hopes to shorten long hauls, transform rural America
FR8relay, an Arkansas-based tech company that hopes to take the long out of long-haul trucking by dotting the nation with a series of rural “relay exchange nodes,” won a $650,000 United States Department of Agriculture Small Business Innovation Grant.
September 2, 2022
Truck On Highway
Regulations
FMCSA cuts 2023 UCR fees for carriers, small fleet requests HOS waiver
Regulatory news: The new fees are an approximately 31% decrease for all fee brackets; and a small fleet looks for HOS relief to help food producers. Also: ATBS shows owner-op average income drop in last six months; CARB's small-fleet e-trucks vouchers.
September 1, 2022
Trucks on highway in construction
Partners in Business
Plan carefully for a profitable week
Smart owner-operators make every single week as profitable as possible. To do so, take into account the negotiation and load availability advantages and disadvantages of every day of the week.
September 1, 2022
Truck backed into a dock
Small Fleet Champ
Holtkamp Transportation goes from a part-time job to $6 million operation
Les Holtkamp worked in sales for a large wholesale crop protection company before he founded this now multi-million dollar trucking enterprise, with 25 power units in the stable and a handful of owner-operators leased on as well.
September 1, 2022
Holtkamp Transportation truck
Business
Thieves targeting ECMs, cargo: Take extra precautions heading into Labor Day weekend
Cargo theft recording firm CargoNet is warning trucking companies that thieves across the country have been targeting expensive and hard-to-find truck electronic control modules, which can make trucks undriveable. Increased activity expected.
August 31, 2022
CargoNet's top three targeted states for cargo theft.
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Youtube
Overdrive Radio
The spot-market slide, and an owner-op return to leasing refuge
As rates on the spot markets for freight have fallen, ATBS is starting to see a shift for many owners who went out and got authority during the last couple of spot market boom years, a move back to leasing. Dig into revenue, cost, income performance here.
Omar Aispuro's 2016 Kenworth W900L
Custom Rigs
3 Angels, 3 trucks: Aispuro family fleet shows out in force
livestock truck
Regulations
Owner-ops, groups: COVID hours waiver should open door for more HOS flexibility
Dry bulk tank truck on Texas highway
Regulations
'Leave us alone': ELD-exempt owner-ops say no to any pre-2000 exemption change
Voyager 5200 Bluetooth® Earpiece offers cutting-edge noise-cancellation
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Overdrive Radio
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The spot-market slide, and an owner-op return to leasing refuge
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The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2022 edition of Partners in Business.
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Partners in Business Issue Cover