PIB TIP: TRUCK LOAN BASICS: Loans for trucks and o

Dec 30, 2011

PIB TIP: TRUCK LOAN BASICS: Loans for trucks and other secured loans, such as cars or houses, are lowest because assets are backing them up. A bank’s business loan often is around 1 percent a month or 12 percent annually. That’s where the best credit card rates start, but they’re usually much higher, even 20 percent or more for owner-operators with bad credit ratings. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

Partners in Business tip: Work to improve your credit

December 2, 2020

Ammex won an 'Operational Excellence' award recently for its regional service to one of its primary customers, Amazon. Its fleet is made up principally of Volvos and Freightliners but also some other owner-operated units, like this Kenworth.

Health-share plans making small-fleet inroads

Four in 10 owner-operators continue to go without health insurance, yet for small fleets, low-cost health benefits are increasingly attractive as a competitive feature. So-called health-share alternatives to traditional insurance are an option.

More trucks competing with fewer spot market loads in the near term will put downward pressure on rates. That could continue through the year as shifting consumer habits and natural market cycles contribute to a bearish environment for spot rates.

As a spot rates sag might loom, truckers would be wise to seek alternatives

Then-trucker Mike Draper behind the wheel of Evel Knievel's Mack haul rig in the 1970s.

Meet the driver of Evel Knievel's former haul rig

The 1978 Peterbilt 352 was a model who in earlier years had been driven by Bowerman's father, who passed several years earlier. This one, purchased from a prior owner in Hattiesburg, Mississippi, has origins in Illinois, Bowerman said, and is powered by a Cat 3406A run through a 15-speed transmission, 190-inch wheelbase.

Regulated rates, wildcatting, deregulation: A brief history of U.S. trucking

Buttigieg talks trucking regs in Senate hearing

Regulated rates, wildcatting, deregulation: A brief history of U.S. trucking

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The Business Manual for Owner-Operators

Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2021 edition of Partners in Business.

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