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Business: Page 84

Partners in Business
Partners in Business tip: Log your spending
In the latest Partners in Business program post, we're discussing how to keep track of your spending. This means every purchase.
October 22, 2020
business statement
Regulations
OOIDA decries FMCSA's revival of speed limiter mandate
The group has long been opposed to speed limiters on trucks, citing increased congestion and decreased safety if limiters are mandated in all trucks. Also: Another sentencing, guilty plea announced in staged-accident scheme; new Love's in Minnesota.
April 29, 2022
Truck On Highway
Regulations
FMCSA updating household goods regs with new recommendations
The agency received recommendations from the Household Goods Consumer Protection Working Group and is incorporating a number of those recommendations into HHG regs. Also: Overdrive Radio named 'Best Podcast'; Driver honored for on-highway rescue.
April 28, 2022
Fred Metzler 2001 379 Peterbilt With Ict 134 Inch
Regulations
FMCSA again plans to explore speed limiters for heavy-duty trucks
The agency issued a notice of intent to proceed with a rulemaking that would require the use of speed limiters on heavy trucks.
April 28, 2022
Speeding Gov Shots
Business
Trump, Teamsters, Yellow Corporation under fire over $700 million loan
Rep. James Clyburn released "troubling new evidence" that he hopes will lead to an OIG investigation into "whether any of the misleading representations Yellow made in applying for its (Federal) loan" violates federal law.
April 27, 2022
The cover image of Rep. Clyburn's staff report.
Business
A spot market volume boost, owner survey shows optimism | Operator shut down by FMCSA after crash
Recent survey results from owner-operators show optimism about growth in volume and rates this year, despite rising costs. Also: A Pennsylvania-based propane hauler was shut down after post-crash testing revealed high blood alcohol content.
April 27, 2022
All-in flatbed spot rates hit a record last week in Truckstop.com's load board, edging up a half a cent to just barely exceed the prior record posted two weeks earlier. Flatbed rates were about 12% higher than the same 2021 week and even 1% higher excluding a calculated/estimated fuel surcharge. Flatbed load postings rose 12% after falling for five straight weeks.
Partners in Business
Partners in Business tip: Shop for insurance
If you're looking to get a truck loan, don't automatically include insurance in the contract. Take a moment to shop around to get the best insurance rates.
October 14, 2020
Trucks on highway
Overdrive Extra
How would overtime pay affect trucking safety?
Eliminating the FLSA exemption to deliver overtime pay to drivers would impact safety, but would the impact be positive or negative? Researchers have identified several factors that could shape the outcome.
April 25, 2022
employment law reg books
Voices
Survey: Business impacts of severe weather -- what have you seen?
Extreme weather and natural disasters are on the rise, and often professional drivers face it down whether on the road or in prices for everyday goods when supply chains get disrupted. Sound off here on how weather's impacted your business.
April 26, 2022
flood trucks at truck stop
Overdrive Extra
Overtime pay for employee drivers: Market benefits and drawbacks
Part 1 in this two-part series by three supply chain researchers features a review of how requiring motor carriers to pay overtime to over-the-road employee drivers could impact the trucking business. Part 2 follows with safety effects analysis.
April 25, 2022
trucking overtime accumulated
Regulations
Texas border delays cost U.S. an estimated $9 billion, owner-ops canceled loads | Border vax mandates extend
The Perryman Group estimated delays at the U.S.-Mexico border with increased inspections cost the U.S. billions; one owner-op's experience. Also: Homeland Security extends border vax mandate for non-U.S. travelers; Carrier Transicold's dealer award.
April 25, 2022
Mex Border
Small Fleet Champ
Poised for longevity, growth: Small Fleet Champ Silver Creek Transportation
On-site at headquarters in Kentucky, Silver Creek owner Jason Cowan reflects on his vision for the company's threefold recent growth, with plenty of gratitude, respect and more for all in trucking who've paved the way for the Small Fleet Champ's success.
April 21, 2022
Silver Creek liquid bulk tank
Partners in Business
Partners in Business tip: Keep an escrow account for maintenance costs
Partners in Business suggests calculating the cents-per-mile based on truck age to create a maintenance escrow savings account for preventive maintenance.
October 7, 2020
Mechanic performing brake maintenance
Business
Contract rates set record while spot rates slide
Shippers last month paid historically high prices to ensure that more of their loads moved under a longer-term contract.
April 18, 2022
trucks being loaded at a warehouse
Business
Trucking conditions index was up early in year but will be down for March
FTR says any gains made in February in its Trucking Conditions Index will likely be wiped out in March's numbers when they're released with ongoing week-to-week spot freight declines, more. Also: TA launches new fuel card; Western Star trucks recalled.
April 18, 2022
Truck Dock Freight
Regulations
Legislation looks to guarantee overtime pay for company drivers
Bill HR 7517 would remove the fair-labor exemption codified nearly a century ago and applied to many over-the-road employee drivers thereafter. Removal would guarantee time-and-a-half pay after 40 weekly hours worked for employee drivers.
April 18, 2022
The rise of electronic logging devices among trucking companies, even before they were mandated by FMCSA, has over the years given rise to the feeling among many that an overtime pay exemption in the Fair Labor Standards Act applied to OTR drivers had simply outlived any practicality it may have had.
Overdrive Radio
Meet your regulator -- FMCSA chief Robin Hutcheson -- and post-PIB biz talk, part 2
In this edition of Overdrive Radio, track back through a half-hour session with reporters the FMCSA chief held at MATS, touching on trucking pride, regulatory change, and much more; also: Part 2 of our post-Partners in Business best practices roundtable.
April 15, 2022
Pjimage (5)
Business
Flatbed the only spot market segment maintaining recent rates strength against the rise in fuel
Latest on rates: Flatbed holds as a relative "bright spot" against the rise in fuel, as both reefer and van continued to lose ground at an accelerated pace. Also: TA acquires two franchise locations; Love's opening new Speedcos.
April 13, 2022
Loads were up slightly in the Southeast and flat in the South Central region but were down sharply in all other regions. Truck postings increased 15.3%, and the Market Demand Index -- the ratio of loads to trucks in the Truckstop.com system -- fell to its lowest level since December 2020.
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Row of illuminated semi-trucks parked at night with colorful LED lights under street lamps
Hours of Service
FMCSA details upcoming hours-of-service flexibility test rules
The agency moves forward with two pilot programs to collect data on increased flexibility in HOS regs with more split-sleeper options (up to 5/5 hours) and the ability to pause the 14-hour clock for up to 3 hours. More than 250 drivers will participate in each test.
Blue semi-truck with open driver door parked in yard beside pickup truck and trailers
Electronic Logging Devices
Highway plans ELD update after HOS cheats found on platform
Worker in gloves refueling a blue commercial truck with red fuel pump nozzle
Regulations
Trump orders relief for on-highway red-dyed diesel use
Four Peterbilt semi-trucks displayed in parking lot from different front angles
Small Fleet Champ
Leading by example: McKinney & Sons' top-notch service, equipment
Overdrive Radio logo with red microphone icon and sound waves, sponsored by Howes
Overdrive Radio
Home to stay: Mintu Pandher on 2017 ELD protest legacy, non-domiciled CDL crackdown
Overdrive Radio
Latest Episode
Home to stay: Mintu Pandher on 2017 ELD protest legacy, non-domiciled CDL crackdown
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