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Business: Page 46
Business
Fuel prices continue to fall, but Roadcheck rates bump fails to materialize
Good news and bad news for owner-operators during the last week -- fuel prices are down, but the typical bump in rates for Roadcheck was the weakest in years. Also: Bills would cut red tape for vets to enter trucking; new truck parking; more.
May 22, 2024
Regulations
New bill would let FMCSA fine double brokers $10,000, crack down on shady actors
A bipartisan bill introduced in the House would "hold FMCSA's feet to the fire" in push against fraudsters bleeding $800M a year out of the trucking industry.
May 22, 2024
Regulations
'We're hemorrhaging money': Big brokers, shippers feel the heat from double brokers
Brokers and their trade group, the Transportation Intermediaries Association, are feeling the heat from freight fraudsters and pushing new laws and tactics to fight back. They hope carriers and shippers alike take up arms with them.
May 20, 2024
Overdrive Radio
Running the High Road with tour-haul small fleet | Roadcheck chicken-house wrap
Introducing Nashville/Boston-headquartered small fleet owner Sharon Lee and her High Road concert-hauling business. Also in this Overdrive Radio: Last year, Mike "Mustang" Crawford found every scale he passed closed during Roadcheck. Not so this year.
May 20, 2024
Business
I-17 closure this weekend | Rates, financing costs dent trucking conditions
FTR noted that March's poor rates may end up being an outlier in the slow freight market recovery. Also: I-17 closure planned in Phoenix; Kenworth sets production schedule for natural gas Cummins X15N-equipped trucks; latest Highway Angel.
May 16, 2024
Partners in Business
What is your time worth? Re-engage with owner-operator business fundamentals to know the answer
"Time is money," as the old saying goes, and as such "time management is money management." Time, not just distance, should be a key factor in your analysis of any load to truly assess profit potential.
May 15, 2024
Channel 19
Who is hauling all the cheap freight -- and why?
With national rate averages hovering around just $2/mile, and plenty loads offered closer to $1.50/mile, the question any owner-op perusing the load boards is thinking: "Who hauls this stuff, why, and how can they afford to?"
May 15, 2024
Business
Spot rates following fuel prices down, but Roadcheck rebound expected
Diesel's national average almost fell to a 2024 low last week, but spot market rates dropped, too. Roadcheck should bring some relief on that front. Also: Federal emissions reductions funding renewed; OOIDA's Truckers for Troops ongoing.
May 14, 2024
Overdrive Radio
A short leash on long-term stability, profit: Trucker of the Month Gary Schloo
Owner-operator Schloo's been on the road for more than a half century, a majority of that time as a business owner. His history makes clear huge value in his cost-conscious approach for insurance against failure, and his steady hand at success.
May 13, 2024
Business
Survey shows signs of optimism for spot market
Truckstop and Bloomberg conducted a survey of owner-ops and small fleets, who had a more encouraging outlook on the market than in the previous quarter. Also: New NTP warranty covers electronic components, systems; fleet owner charged with tax evasion.
May 9, 2024
Regulations
Questions surround liability insurance hike in New Jersey
The state is doubling the liability insurance minimum required effective July 1, but its applicability to out-of-state carriers is uncertain. Also: Can we get a Spring freight season?; FMCSA denies request for under-21 pilot program flexibility; more.
May 8, 2024
Regulations
Bill would put new monitoring on USPS trucking contractors | I-17 closures, detour info
Bill sponsors said USPS needs more oversight over contractors following reports of fatalities, injuries. The bill's reporting requirement raises redundancy questions with the CSA SMS. Also: FMCSA extends Baltimore emergency; I-17 closures upcoming.
May 7, 2024
Business
Decline in loads, shipper spend drives freight markets lower
U.S. Bank reported a significant contraction in freight during the first quarter of 2024, both on a quarterly and annual level. Also: FMCSA looking to incorporate new CVSA handbook into regs by reference; TA accepting new fuel card.
May 2, 2024
Business
Fuel prices, mostly flat in 2024, dip below $4/gallon, and spot rates follow them down
Diesel's average price has been floating near $4 for most of the year, and recently fell below the threshold; spot rates followed fuel down. Also: Free pre-Roadcheck inspections next week; I-15 bridge reopens; new carrier-recognition program from TCA.
May 1, 2024
Partners in Business
The problem with 'work-life balance' OTR for small business owners
There are a seemingly infinite number of little things day-to-day that will engender real respect from customers you serve. Solidify your stature, and you'll gain more control over all aspects of your business, including time for those back home.
May 1, 2024
Trucker of the Year
Effective insurance, exacting analysis deliver Trucker of the Month's success
With 30-plus years of small business behind him, Gary Schloo is the kind of owner-operator who can tell you at any time what his overall cost-per-mile is, down to the cent -- likewise what portion of that is tied up in fuel, tires, brakes, you name it.
April 30, 2024
Business
Trucking's 'bloodbath': Did brokers or carriers take the biggest hit?
Data and no shortage of anecdote show it's been a tough market for motor carriers these last two years. Yet despite many hurdles and handicaps asset-heavy carriers face, they're still doing better on the whole than brokers.
April 29, 2024
Regulations
FMCSA, police investigate double broker's odd inspections history
Maroon Express Inc., a revoked carrier authority/double broker under investigation within FMCSA, has one clean inspection on their record associated with a truck that got inspected three times in four days, operating under different DOT numbers each time.
April 25, 2024
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