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Business: Page 52

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

collage showing percentage margin, loaded trailer

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

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

Car Hauler On Highway In Traffic

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

Overdrive Radio YouTube cover Jay Hosty

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

Ovd convoy 6081

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

truck rollover crash

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

'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

trucks and cars on a highway

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

CloudTrucks KW pulling a conestoga

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

Overdrive Radio YouTube cover

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

towing and recovery

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

Insurance Umbrella

Pennsylvania's annual turnpike-toll hike set to hit | State parking, CDL-testing news

Tolls on the Turnpike will increase 5% beginning Jan. 7 for the Turnpike's legislatively-required annual increase. Also: Ohio closing rest areas along U.S. 23, U.S. 30 for reconstruction; Georgia revamping CDL skills testing process.

January 4, 2024

Pennsylvania Turnpike sign

Overdrive Extra

Yes, you can reduce your trucking insurance premium. Here's proof

With good safety practice and being proactive with all insurance policies, these four carriers were rewarded with lower insurance premiums. Not one of them had to increase deductibles, lower stated value of equipment or anything else.

January 3, 2024

Pibby Backer On Highway

Federal court rules sleeper berth time beyond 8 hours must be paid

The First Circuit Court of Appeals affirmed a previous ruling that, under the Fair Labor Standards Act, team drivers should be paid for time spent in the sleeper berth beyond 8 hours because time spent there is to the benefit of the employer.

January 3, 2024

Truck driver in sleeper

After repeated bridge strikes, I-87 NB closure planned for the weekend

The New York State Thruway Authority will close a section of the Thruway (I-87) on Saturday, Jan. 6, to repair damage from bridge strikes from over-height trucks. Also: Spot rates' pre-Christmas bump looked anemic heading into this new year.

January 1, 2024

road closed ahead sign construction zone

Overdrive Radio

Closed coops, worst roads, weathering the storm: Owner-operators count down to 2024

Overdrive Radio's annual "toast" to the year that was. 2023's sure to go down in infamy among owner-ops, yet bright spots were evident: Sometimes, the chicken houses passed are closed, cost-control focus pays off, or you land that direct freight ...

December 29, 2023

Owner-ops survived 2023 -- now give 'em hell in 2024

In 2023 everyone wanted to tell owner-operators their business -- whether you could survive the market, outrun a Tesla, brave increasingly wild or criminal threats. Most survived, some thrived, and will come back harder next year.

December 28, 2023

Collage of three 2023 top story images

Page 52 of 1376

Blue semi-truck with open driver door parked in yard beside pickup truck and trailers

Highway plans ELD update after HOS cheats found on platform

After Overdrive found ELD providers who admitted to HOS cheating integrated within Highway, the tech company wouldn't commit to kicking hours cheats off the platform.

Worker in gloves refueling a blue commercial truck with red fuel pump nozzle

Trump orders relief for on-highway red-dyed diesel use

Four Peterbilt semi-trucks displayed in parking lot from different front angles

Leading by example: McKinney & Sons' top-notch service, equipment

Home to stay: Mintu Pandher on 2017 ELD protest legacy, non-domiciled CDL crackdown

C.H. Robinson acquiring RXO in $5.8 billion stock and cash transaction

Home to stay: Mintu Pandher on 2017 ELD protest legacy, non-domiciled CDL crackdown

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