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Coronavirus: Page 3
Business
Sharing risk: Load factoring offers strategic value amid economic contraction
In the current economic environment, factoring companies can be more valuable partners than usual for risk management. Read more here on Overdrive.
June 15, 2020
Channel 19
With PPP loan terms relaxed, consider these questions to avoid a forgiveness trap
As Paycheck Protection loan terms extend, here's how to avoid a potential loan forgiveness trap, given freight uncertainty for the rest of the year.
June 12, 2020
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March 24, 2025
Business
Owner-operators’ cash flow crisis: Borrowing outside of SBA, other debt-relief strategies
Lending resources & other strategies to help owner-operators and small fleets manage a cash-flow crisis, whether or not caused by coronavirus-impacted economy.
June 11, 2020
Business
Buying money, buying time: Survival strategies for cash-strapped owner-operators
As the economy tiptoes to recovery, among the biggest issues facing owner-operators is cash flow. Explore strategies to cope in Overdrive's three-week series.
June 8, 2020
Business
News roundup, May 26: Updated HOS regs to take effect late Sept.; two new rules on PPP loan forgiveness
FMCSA’s hours of service changes will be published June 1 and will take effect Sept. 29. SBA and Treasury issue two rules offering guidance of loan forgiveness for borrowers and lenders in the PPP program. Mack Trucks recently donated 500 pieces of PPE that the company manufactured at its Lehigh Valley Operations plant in Macungie, Pennsylvania.
May 26, 2020
Channel 19
Three pieces of unsolicited advice for government, for parking providers, for rates negotiators
The USDA Farmers to Families Food Box Program for surplus food, negotiating a lowball rate offer and how it stings to pay to stop your truck in a cash pinch.
May 22, 2020
Business
Amid anemic freight market, some independents see glimmer of hope
COVID-19-related freight and rate problems persist, but this recent Overdrive survey shows an increasing share of respondents optimistic about improvement.
May 20, 2020
Overdrive Extra
As PPP loans arrive – or not – consider merits of better record-keeping
When resolving a a Paycheck Protection Program loan, record-keeping will make the difference in loan forgiveness as it did for the loan amount. Details here.
May 11, 2020
Business
Small fleets in Southeast seeing major cutbacks
While some small trucking fleets report total shutdown others are noting business is busier than usual. See more freight demand survey information on Overdrive.
May 6, 2020
Overdrive Radio
Words to truck by: ‘You will never, ever come out ahead running at a loss’
Independent owner-operators Daniel and Phyllis Snow of Snow Trucking discuss market deterioration, fallen freight volumes, and more. Listen here on Overdrive.
May 1, 2020
Business
A third of small fleets shut down as COVID-19 guts freight market
Survey shows coronavirus cutbacks have "totally shut down" one-third of small fleets. Discover how COVID-19 continues to impact owner-operators on Overdrive.
April 28, 2020
Custom Rigs
Good time to work on the truck … And: States’ contractor unemployment programs standing up
Owner-operator Bill Ater's nontheless productive month-plus off the road -- "I won't haul freight for nothing," he said, ready to go when profitable opportunities return.
April 24, 2020
Business
News roundup, April 23: The documentation you’ll need for SBA loan application
With the Paycheck Protection Program forgiveable loans for small biz on the verge of new appropriations, a guide to the documents you’ll need to apply. Also; Self-driving truck tech company petitions FMCSA for longer hours of service. New secure parking options. Latest Highway Angels.
April 23, 2020
Business
Truckers hang on to fading hope for second chance at aid in PPP’s $310B refill
Additional federal aid on the table for small businesses after first round of funding ran dry in less than two weeks. Truck drivers cling to hope. Details here.
April 22, 2020
Business
News roundup, April 21: E-log provider seeking signatures on petition for more aid; SuperRigs going digital for 2020
KeepTruckin launched a petition that calls for more aid for small-business truckers. Shell Rotella SuperRigs has been moved to a digital event this year with more details to be announced later. More than 63,000 Freightliner trucks have been recalled.
April 21, 2020
Voices
POLL: Leased/company haulers, is your fleet offering a ‘COVID pay’ bonus?
There’ve been calls for taxpayer-funded hazard benefits for the nation’s truckers in the halls of Congress, and likewise reports of fleets large and small offering bonuses to working company drivers and leased owner-ops through this uncertain time. Is your fleet one of them?
April 21, 2020
Business
News roundup, April 20: PPP assistance program for small biz likely to get more money
ATBS recommends owner-operators who have assistance applications in process continue working on them in expectation of further appropriated funding. I-496 in Lansing, Mich., under a full EB closure already, will see some WB closures this week. Landstar recognizes customers, agents.
April 20, 2020
Overdrive Extra
SBA coronavirus assistance: For now, many owner-operators left blowing in the wind
According to an Overdrive survey, 1 in 10 owner-operators received COVID-19 relief, while 71% have been denied or await a response. Details here on Overdrive.
April 20, 2020
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Hours of Service
FMCSA offers details on proposed HOS-flexibility pilot programs
Following DOT Secretary Sean Duffy's announcement of the launch of the pilot programs Monday, FMCSA released proposals showing one pilot would add more split-sleeper berth options, while the other would allow drivers to pause their 14-hour clock for up to 3 hours per duty cycle.
Small Fleet Champ
Mission Complete: Veteran small fleet owner's legion of local support
Life
Regulators, industry celebrate appreciation week with HOS flexibility emphasis, events, deals
Small Fleet Champ
Small Fleet Champ semi-finalists not afraid to get their hands dirty
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