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Partners in Business
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Latest Stories: Page 15
Partners in Business
Ways to prepare for the inevitable New Entrant audit
Got authority in recent history? The new entrant audit is in your future -- critical prep areas include driver qualifications, logs, maintenance programs, a filed and up-to-date accident register and written drug and alcohol policies and procedures.
January 4, 2023
Overdrive Extra
Protect claims history: Be mindful of fine print in broker/customer agreements and contracts
In particular, keep a sharp eye out for any broker or customer’s requirement to provide “additional insured” coverage and/or a “waiver of subrogation” -- both could have big insurance implications in the event of an incident.
December 27, 2022
Business
Toll roads on the rise: What's an operator's best electronic-collections option?
Toll roads are increasing in scope and price, and with fuel prices as high as they've been, it's a calculation every owner-operator should have their eyes on. Here are some of the options these seasoned owner-ops and small fleet owners have chosen.
December 21, 2022
Overdrive Extra
Broken promises: Retention missteps on the road
For all the talk of improving retention around trucking, carriers can't expect to retain the best, safest operators if they continue to overpromise and under-deliver.
December 13, 2022
Partners in Business
Don't be a victim: How to guard both personal and business identity to prevent theft
There are dozens of ways people can have their identities compromised, but here, find some key areas where truckers are particularly vulnerable.
December 7, 2022
Overdrive Extra
'Why won't an insurance company give me a quote?'
Why some insurance companies will provide a quote, while others won’t -- it could depend on the freight you haul, your region of operation and (sometimes frustrating for new trucking businesses) your longevity in trucking with a motor carrier authority.
November 28, 2022
Partners in Business
Avoid these misconceptions about revenue
Revenue is only half of the profit equation -- costs are the other half. Too many of us focus squarely on revenue while neglecting the fact that it's possible to generate a whole lot of revenue, yet spend $1.10 to make every dollar.
November 23, 2022
Overdrive Extra
Navigating insurance claims: Patience is in our best interest
Though the desire for speed in a claims investigation is certainly understandable, insurance agent W. Joel Baker here offers two examples in which extended claims investigations yielded desirable outcomes, mitigating damage from attempted fraud.
November 15, 2022
Partners in Business
Retirement vehicles: Don't place your bets just on the truck
Owner-operators pride themselves on maintaining trucks that make them a living, but when time comes to hang up the saddle, you'll want more than just the proceeds from a truck sale at your disposal.
November 9, 2022
Partners in Business
Know when to hold 'em, fold 'em: Timing the market for retirement
The recent stock market downturn has hurt many owner-operators' retirement savings. Yet it's more important than ever to manage your emotional responses and think long-term to get the retirement you deserve. Here find better advice than Kenny Rogers'.
November 9, 2022
Overdrive Radio
Fight double-brokering fraud: Prevention, ways to elevate enforcement
Drop into a long talk about somewhat simple steps carriers, brokers and shippers working together can take to stop double-broker schemes in their tracks, likewise elevate the issue for first-time meaningful enforcement at FMCSA, DOT.
November 4, 2022
Overdrive Extra
Axe double-brokering schemes: Know your broker/carrier
Broker/carrier owner Jon Asiala shares lessons learned after falling prey to crooks with a double-brokered load that, ultimately, found its way back to him when the final carrier didn't get paid. More carriers/brokers would do well to heed his message.
November 3, 2022
Partners in Business
Put an insurance agent on your team
Quick tips on finding an insurer and the right questions to ask -- and when to ask them -- of an agent to get the best coverage.
November 2, 2022
Overdrive Extra
Insurance premium refunds: Know your rights -- update
Owner-operator and insurance agent W. Joel Baker on "unearned premium" refunds due to those who cancel an insurance policy. Above all, he notes, don’t let any unethical insurance company bully or intimidate you out of what is legally owed to you.
October 17, 2022
Overdrive Extra
Health care horror stories and how to avoid catastrophe
With this year's open enrollment period for the ACA's exchanges starting Nov. 1, Gary Buchs lays out the stories of three owner-ops' approaches to health insurance coverage, and the sometimes catastrophic business consequences of going uninsured.
October 31, 2022
Overdrive Extra
Getting close to 65? Now's the time to understand the realities around Medicare for health care needs
Contrary to road rumors, the health insurance available to those 65-plus isn't a totally free ride. An open enrollment period from October 15 through December 7 is under way -- new and longtime enrollees can examine the changes for the following year.
October 25, 2022
Partners in Business
DIY maintenance for a healthier bottom line
While your free time is valuable, every maintenance job you can do yourself is one you don’t have to pay someone else to do.
October 12, 2022
Overdrive Radio
The spot-market slide, and an owner-op return to leasing refuge
As rates on the spot markets for freight have fallen, ATBS is starting to see a shift for many owners who went out and got authority during the last couple of spot market boom years, a move back to leasing. Dig into revenue, cost, income performance here.
September 30, 2022
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