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Business: Page 29
Business
Old Man Winter delivered a boost in spot rates
If the boost in spot volumes persists through this week, it could further narrow the spread between spot and contract rates, a signal the market is improving. Though far from a 'magic bullet,' the spread has narrowed another nickel/mile in Jan. for vans.
January 24, 2024
Overdrive Radio
Nonpreventable-crash DataQs of utmost importance for small fleets, owner-ops
Been involved in a 'nonpreventable' crash? If it fits FMCSA's parameters for the Crash Preventability Determination Program, it's incumbent upon you to use the DataQs system for the review. If not, you're leaving CSA-scores improvement on the table.
January 22, 2024
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March 24, 2025
Business
ATRI wants to hear from owner-ops on detention | New HOS waivers in the Plains
The research group is conducting a survey of carriers and truck owners on the impacts of detention. Also: HOS waivers issued in two Plains states; Paccar recalling 11K trucks for mirror issue; Landstar breaks ground on new Indiana facility; more.
January 22, 2024
Business
Trucking conditions: A big improvement in late Fall, but 2024 outlook bleak
FTR reported that a late-2023 fall in fuel prices helped improve conditions for carriers, but the outlook for 2024 remains bleak. Also: Love's offering Freightliner warranty work; C.H. Robinson expands scholarship program; load board bolsters security.
January 19, 2024
Business
Brokered-freight rates transparency: Weigh in on these two questions
Would more readily knowing what a shipper is paying for a brokered load help you in negotiations? In filtering about the greedy among those you do business with? Do you value average spot-rate metrics? Weigh in via this two-question survey.
January 19, 2024
Business
ELS sells flatbed division to PS Logistics
The North Carolina-based fleet will retain its heavy-haul and intermodal divisions, and the flatbed division will now operate as Blair Logistics. Also: Haslam family sells remaining Pilot ownership; FMCSA renews HOS waiver for WestRock drivers; more.
January 18, 2024
Business
How much money are brokers really making from owner-operators' hauls?
DAT's Ken Adamo tries to show that brokers take, on average, less than 15% of any load's full payment, but many owner-ops don't buy it as some even question the motives and tools running freight tech.
January 17, 2024
Business
Randall Reilly launches new business, Fusable, in strategic separation from talent acquisition business
Overdrive parent company Randall Reilly LLC is strategically separating its talent acquisition business and its industrial data business with its accompanying services.
January 16, 2024
Business
Spot freight rates down, but not as much as usual, to open 2024
FTR and Truckstop reported the opening-week decrease in spot rates for 2024 was the smallest drop during the first week of the year since 2018. Also: Texas gets $70M to build hydrogen fueling stations for trucks; more.
January 15, 2024
Trucker of the Year
They said he'd fail: Overdrive's Trucker of the Year Jay Hosty
Owner-op Jay Hosty has been proving naysayers wrong since the early days of his career, when he paid off a brand-new truck pulling containers in the Southeast. Read -- and hear -- why Hosty came out on top in Overdrive's Trucker of the Year competition.
January 12, 2024
Regulations
Cargo theft is skyrocketing, and double brokering is partly to blame
When the victims of double brokering become mega shippers and the perps are international crime syndicates, will the cavalry finally come to trucking's rescue against freight board fraudsters?
January 12, 2024
Regulations
Congress again eyes massive trucking insurance hike
The “Fair Compensation for Truck Crash Victims Act” would require the liability insurance minimum for interstate motor carriers to increase to $5M. Also: Family of slain trucker starts GoFundMe; Love's celebrating 60th anniversary; more.
January 11, 2024
Regulations
Biden digs in heels on embattled acting DOL boss, renominated to lead department
Julie Su's nomination last year was unpopular among trucking stakeholders, mostly due to her role in passing California's AB 5 as California's labor commissioner. Also: Drivewyze intros safety alerts, including parking info; Buddy Moore Trucking acquired.
January 9, 2024
Regulations
'Truckers are tired' of regs' shifting sands: DOL rolls back contractor-classification rule
The new rule will take effect in 60 days, and returns to a “totality-of-the-circumstances analysis” that considers a worker’s “economic reality” through six factors. Some trucking groups took the opportunity to defend contractors' role in trucking.
January 9, 2024
Business
New minimum-revenue guarantee program for leased owner-operators
The CloudTrucks program is intended to backstop revenue for leased owners in a topsy-turvy market for brokered freight, which represents the majority of freight within the platform, though the company's made recent strides with shippers, too.
January 9, 2024
Overdrive Radio
Truckers' New Year's Resolutions: Get closer to the freight source, and back to basics on costs
Worried about the percentage "a broker might keep?" Owner-ops should ask how much is needlessly lost daily. Three Trucker of the Year finalists and an Overdrive contributor here offer ways to reassess -- and fully engage your primary freight partners.
January 8, 2024
Regulations
Trucking's best defense against predatory towing: A step-by-step guide
The moment something goes wrong on-highway or in a private lot, use this guide on avoiding egregious predatory towing bills, with tools for the trucking industry to fight back.
January 8, 2024
Voices
POLL: What are you currently paying annually for liability insurance coverage?
Annual insurance premium increases have been the rule for years, yet recent reporting shows a variety of exceptions. If you're running non-hazmat with authority, what are you paying currently for required commercial auto liability? Weigh in here. ...
January 4, 2024
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Regulations
DOT threatens funding for California, Washington, New Mexico over lax ELP enforcement
DOT on Tuesday called out three states saying they not only don't enforce English language proficiency for truck drivers, but they let drivers placed out-of-service in other states roam free.
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