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Business: Page 42
Partners in Business
Owner-operator basics: Tracking where the money goes
Knowing where your money is going -- and how much of your gross revenue you should be keeping -- is key to understanding where you stand as a business owner to help inform decisions.
November 1, 2023
Trucker of the Year
Hustle, never-quit attitude pay off for owner-operator John Schiltz
John Schiltz is Overdrive's Trucker of the Month for October, putting him in contention for 2023 Trucker of the Year. His perseverance as an owner-operator since 2010, with a keen eye toward maintenance, is one among many reasons for his success.
October 30, 2023
Business
Convoy's collapse: Was the tech worth the hype?
Convoy promised to "disrupt" trucking and make it more efficient. Yet the "move fast and break things" tech approach spelled disaster in trucking. After the broker's stunning failure, owner-operators are left wondering if they'll ever get paid.
October 30, 2023
Business
UAW, Mack at impasse over strike | XPO's new in-house OTR division
Mack Trucks and the UAW failed to reach an agreement last week and no additional discussions have been scheduled. Also: XPO launches in-house OTR division; Mack recalling LR refuse models.
October 30, 2023
Business
Traffic congestion cost trucking a record $94.6 billion in 2021 | I-17 speed limit increasing
A new ATRI report reveals skyrocketing costs to trucking in 2021 as a result of highway congestion. Also: UMass researchers will explore how automation will affect the role of American long-haul truckers; I-17 speed limit increasing.
October 26, 2023
Partners in Business
Set aside cash for taxes, maintenance, more
In addition to having a separate business account to track income and expenses, it's also important to have a reserve account to cover things like quarterly estimated tax payments, unexpected major maintenance and more.
October 25, 2023
Business
Diesel prices mostly negate recent declines; excepting reefers, spot rates fail to adjust
Diesel's up an average of 10 cents/gal across the country during the most recent week. Also: MATS organizers want feedback for 2024 show; new trucker-focused health clinic opens in Georgia; Pilot honoring military veterans with deals, fundraising.
October 24, 2023
Regulations
FMCSA gives more time to comment on potential carrier safety rating revamp
The agency is seeking feedback on its so-called carrier Safety Fitness Determination process for motor carriers. Also: Dealer partners with dual-fuel H2/diesel provider; new Love's with 113 truck parking spaces.
October 20, 2023
Small Fleet Champ
Four fleets, four freight niches: Only two will take home the Small Fleet Champ title belts
We're proud to highlight the profit, growth, and stability achievements of the final four Small Fleet Champ contenders from bulk tank to end dump, flatbed to refrigerated. Two weeks hence, they square off in the last round at NASTC in Nashville.
October 6, 2023
Business
Carriers took a beating in August as trucking conditions deteriorated
FTR's monthly Trucking Conditions Index, just updated for August, revealed increasingly poor market conditions for owner-ops and fleets. Also: Specialized carriers ask Colorado for increased weight on certain 9-axle configs; Trucker Path updates; more.
October 19, 2023
Business
Convoy closing down, firing all employees amid 'massive freight recession'
Convoy, the tech-heavy digital freight network and load board, will close down after a hammering from the harsh freight market, according to an internal message from CEO Dan Lewis.
October 19, 2023
Business
Convoy cancelling all loads? Company says network is down
Media outlets and truck drivers reported on Wednesday that the Convoy app wasn't showing any loads, and that the broker could be headed for bankruptcy.
October 18, 2023
Overdrive Extra
How owner-operators can avoid joining the 'capacity reduction' ranks
With all the talk of 'capacity reduction' -- owner-ops and fleets failing -- improving conditions from the trucking supply side, Gary Buchs offers this take on small fleet resilience, and some ways owners might prevent becoming a statistic.
October 18, 2023
Business
Economic pain, not so-called 'driver shortage,' trucking's top concern for 2023: ATRI
This year’s list of biggest concerns overall was topped by the U.S. economy and truck parking with fuel prices and driver compensation not far behind. Also: Biden pushes $7B from highway bill to "hydrogen hubs"; Atlas mars 75 years in business.
October 16, 2023
Overdrive Extra
Weigh-in: Time for truckers to torpedo the two-week notice?
So asks Long Haul Paul with this tale of bad blood after an old friend's two-week notice resulted in 14 days of bad loads, and a couple of crashes, to boot. Three experienced owners weigh in with their own considered answers.
October 12, 2023
Regulations
Truckers carjacked, roughed up by towing company: Reports
Visibly armed A1's Towing & Hauling tow operators reportedly physically attacked and carjacked truckers in Memphis. A1 denied the charges, and claimed to have video evidence but never produced it.
October 11, 2023
Overdrive Radio
Super-sweet spot hauling chocolate for Roger and Rita Wilson's two-truck operation
In this week's Overdrive Radio, hear the clarion voices of a spectacular pair of owner-operators: Roger and Rita Wilson and their Chicago-area-based, two-truck Rita’s Absolute Trucking, pulling direct for an appreciative shipper in Blommer chocolate.
October 9, 2023
Business
Military HHG movers take fight to D.C. over move to single-source GHC contract
A move long in the works by the U.S. Transportation Command to award a Global Household Goods Contract (GHC) to a single source provider has raised alarm bells for owner-operators who have been in the military HHG business for years.
October 9, 2023
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Custom Rigs
'One thing led to another' for Lacoh Transport's custom 2024 Peterbilt 389 build
What started out as a modest build for a nice working truck turned into an all-out custom transformation by Geis Peterbilt's Cody McCandless. Along the way, "a lot of days that you don’t succeed," McCandless said, "but the challenge has been accepted, and we’re having fun with it.”
Regulations
ELD tampering in crosshairs for CVSA’s annual Roadcheck blitz
Regulations
California capitulation: CHP finally enforcing English language proficiency roadside
Business
FMCSA issues Final Rule banning non-domiciled CDLs almost entirely
Regulations
ELD-tampering out-of-service orders: New for CVSA's 2026 OOS criteria
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