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Business: Page 54
Overdrive Radio
How to not just survive, but thrive, through the bottom of the freight markets
This week's Overdrive Radio features longtime owner-operator coach Kevin Rutherford's guide to solidify the business base to take advantage of opportunities at the markets' bottom, and to excel for long-term trucking at the top.
November 27, 2023
Equipment
Used-truck prices have fallen about a quarter this year
ACT Research reported used truck prices also slid another 1% in October from September. In other news: ATA's Truck Tonnage Index improved in October, erasing a September decline in freight hauled by trucks.
November 24, 2023
Business
Pre-Thanksgiving rates bump nowhere to be found, yet diesel hits lowest average since summer
Recent declines in the national average have diesel prices at their lowest in nearly 4 months, with spot rates holding flat, by and large. Also: Market conditions for carriers rebounded some in September; St. Christopher receives big donation from AMBEST.
November 22, 2023
Regulations
AB 5's latest: Why interstate trucking should be exempt
A long-overdue hearing in federal court last week featured OOIDA and the California Trucking Association arguing the detrimental impacts on interstate commerce of California's law that effectively bans the leased owner-operator model in the state.
November 22, 2023
Overdrive Extra
The truck lease-purchase model: Should we drive a stake in its heart?
What the FMCSA's truck-lease task force should be asking: How do we purge predatory programs while making it possible for drivers to still pursue the dream of being an owner-operator? What guardrails could make fair play the norm?
November 21, 2023
Regulations
Owner-op shutdown, TQL boycott: New association makes its mark
The National Owner Operators Association has burst on the scene as a bit of a bomb thrower in 2023. Here Overdrive checks in on the newly founded org's ongoing boycott and shutdown.
November 20, 2023
Overdrive Extra
Brokers' 3 a.m. calls -- 'Unless there's been a death in the family, a text will suffice'
That's but one viewpoint delivered by readers following Long Haul Paul's "Weigh In" tale earlier in the week detailing instances of over-eager brokers' sleep-disturbing check-ins in the wee hours. Here, LHP weighs next steps, rounding up commentary.
November 17, 2023
Regulations
California files petition with FMCSA for waiver for meal/rest breaks | Wind warnings: Wyoming I-80, other roads
FMCSA opened the door to the waiver requests in August, which if granted would allow California and Washington state to enforce their own meal and rest break laws. Also: Indiana propane haulers get HOS relief; high wind warning in Wyoming; more.
November 15, 2023
Regulations
FMCSA tightens screws on brokers who 'do not intend to pay' carriers: Final rule
The agency said its changes to the broker regulations are intended to reduce freight fraud by "limiting the time brokers can continue to accrue claims" before their authority is suspended, among other changes to broker/forwarder and surety/trust regs.
November 15, 2023
Small Fleet Champ
How the Small Fleet Champs beat the down market in 2023
Overdrive's 2023 Small Fleet Champs and finalists are poised to make it through a rough freight economy with moves made in preparation for tough times. Gain insights via this edition of Overdrive Radio, a roundtable on building business for stability.
November 13, 2023
Regulations
ATA, OOIDA split on bills that would guarantee overtime for employee truck drivers
Big names in the Senate and House on Thursday introduced the Guaranteeing Overtime for Truckers Act, meant to amend the Fair Labor Standards Act of 1938. OOIDA supports, ATA opposes, and similar bills in the last Congress failed to gain traction.
November 9, 2023
Overdrive Extra
'Way past ridiculous': Owner-ops sound off on FMCSA's baby steps on detention
Owner-ops and trucking groups respond to FMCSA's intentions to further explore the impacts of detention time on trucking. Truckers by and large favor a study, but clearly don't need any more convincing that excess detention is a major problem.
November 9, 2023
Business
TQL 'offsetting' its way out of paying carriers?
After an owner-operator confronted TQL face-to-face over nonpayment issues, other carriers say the broker is withholding tens of thousands in cash, and they're mulling legal action.
November 9, 2023
Regulations
'Potential adverse safety impacts': Speed limiters, truck parking discussed in Senate hearing
A Senate subcommittee held a hearing on highway safety, which included talk about a potential speed limiter mandate and the truck parking shortage. Also: Trucking groups voice support for parking funding bill; Peach State Truck Centers expanding.
November 8, 2023
Overdrive Extra
What to do when your insurance policy doesn’t provide the necessary coverage
If you discover that your insurance policy doesn’t provide coverage for something you need it for, there is almost certainly a solution to provide that missing coverage. Some circumstances, though, are easier to address than others.
November 7, 2023
Business
Fuel buyers' 2023 unicorn is here -- a week of falling diesel prices, rising spot rates
Fuel prices seem to be on their way back down, for now; reefers drove spot rates/demand increase. Also: Voting open for Transition Trucking award seeking top rookie military vet trucker; Wreaths Across America's "Escort to Arlington" to begin Dec. 9.
November 7, 2023
Overdrive Radio
Behind the owner-operator: An exemplary business and life partner
October Trucker of the Month John Schiltz owes a lot of his early success just to "hustle," as he puts it, yet he credits his wife and business partner, fellow owner-op Sarah Schiltz, with big parts of recent-history excellence.
November 6, 2023
Business
Ex-Prime dispatcher stole $300,000 from truck drivers' fuel cards
Corey Louis Hendrickson, a former dispatcher for Prime and mayor of Willard, Missouri, pled guilty to using drivers' social security numbers and other info to steal money from fuel cards.
November 3, 2023
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Electronic Logging Devices
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.
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Trump orders relief for on-highway red-dyed diesel use
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Leading by example: McKinney & Sons' top-notch service, equipment
Overdrive Radio
Home to stay: Mintu Pandher on 2017 ELD protest legacy, non-domiciled CDL crackdown
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Overdrive Radio
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Home to stay: Mintu Pandher on 2017 ELD protest legacy, non-domiciled CDL crackdown
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