Partners in Business tip: Keep an escrow account for maintenance costs

Oct 07, 2020

Every good preventive maintenance schedule begins with a maintenance escrow savings account. A good formula for this ties the age of the truck to cents-per-mile savings:

New: 5 cpm

One year or 150,000 miles: 6 cpm

Two years or 300,000 miles: 7 cpm

Three years or 450,000 miles: 8 cpm

Four years or 600,000 miles: 10 cpm

Five or more years, or 750,000+ miles: 15 cpm

The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm. The program is sponsored by TBS Factoring Service.

Click here to see more Partners in Business tips.

Partners in Business tip: Factors that influence interest rates

March 31, 2021

Semi trucks parked at Pilot gas station pumps

Independents worry fuel prices will keep rising

After seeing diesel costs rise steadily since fall, more than half of Overdrive survey respondents with operating authority expect their biggest percentage cost increase this year to come from fuel.

Truck stop is part of Alaska's backcountry history

The independent trucker we will not go away protest sign

Owner-ops aren't company drivers for a reason

Trooper at computer watching truck cross scales inspections

Roadcheck: Do blitz announcements do any good?

Howes Diesel Defender

Owner-ops aren't company drivers for a reason

More episodes »

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.

Download