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Partners in Business
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Partners in Business
Partners in Business 2019 Manual, Chapter 16: Trucking Insurance
PARTNERS IN BUSINESS TABLE OF CONTENTS » Protect your career by following regulations, practicing safe driving and using data to your advantage After the truck payment, truck insurance is one of an independent owner-operator’s biggest fixed costs, one that must be paid on time whether a truck is running hard or parked. Without adequate insurance, […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 15: Staying Compliant and Safe
PARTNERS IN BUSINESS TABLE OF CONTENTS » Protect your career by following regulations, practicing safe driving and using data to your advantage The 2015 debut of the Freightliner Inspiration, the industry’s first road-legal autonomous truck, raised many questions about its implications for where the industry is headed. Perhaps the biggest question for drivers concerns job […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 14: Computers, Mobile Devices and the Internet
PARTNERS IN BUSINESS TABLE OF CONTENTS » Online trucking resources combined with ever-cheaper digital tools can help you work faster, smarter and more profitably It’s still possible to track an owner-operator business with paper and pencil. But with improvements in consumer technology, owner-operator apps and software and steadily dropping prices, tracking your business electronically makes […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 13: Choosing A Carrier
PARTNERS IN BUSINESS TABLE OF CONTENTS » It’s expensive to switch carriers, so pick your partner carefully if running leased The increased revenue that can come from changing carriers is easy to understand, but the cost involved in making that switch often is overlooked. It can be thousands of dollars. And when you look closer […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 12: Maintaining Your Equipment
PARTNERS IN BUSINESS TABLE OF CONTENTS » Routine PM will save money over time and help determine when to trade Preventive maintenance can be expensive, but neglect is even more costly. Systematic PM saves you money in the long run by reducing the chances of equipment failure on the road and reducing time lost to […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 11: Choosing a Trailer
PARTNERS IN BUSINESS TABLE OF CONTENTS » Spec’ing smartly can increase your profits Is a trailer worth the investment? For many owner-operators, yes. It can take less than four years to earn back that investment, even when buying new equipment. According to Overdrive research, most independent owner-operators already own their own trailers, as do about […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 10: Truck Buying, Leasing, Financing
PARTNERS IN BUSINESS TABLE OF CONTENTS » Determine your best method for acquiring a truck It’s no secret that affording a new tractor has become more complicated for owner-operators and many smaller carriers over the past decade as equipment costs have risen dramatically. Nonetheless, as acquisition patterns change, one of the most basic decisions you […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 9: Choosing a Business Structure
PARTNERS IN BUSINESS TABLE OF CONTENTS » What legal form works best for your operation? There are different ways to set up an owner-operator business. Each business form has its advantages and disadvantages, and one may work better than another for your particular situation. The advice of a CPA, tax attorney or business services provider […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 8: Income Tax and Other Taxes
PARTNERS IN BUSINESS TABLE OF CONTENTS » Good planning and recordkeeping help keep those payments at a minimum Among the biggest challenges in operating your business is understanding how you are taxed. This is an area where many new owner-operators run into problems. You can avoid any big surprises on April 15 by using good […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 7: Managing Money
PARTNERS IN BUSINESS TABLE OF CONTENTS » Best practices for healthy cash flow, debt avoidance and identity protection It’s important to create a separate bank account that will be used to manage the income and expenses of your business. All income from your trucking business should be deposited there. In addition, trucking expenses should be […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 6: Controlling Tire Costs
PARTNERS IN BUSINESS TABLE OF CONTENTS » Keep your No. 2 variable expense to a minimum with smart spec’ing Just as a truck with improperly geared rears will incur extra costs for its owner, so, too, will a truck with the wrong tires. Many more factors than size account for having the right tire for […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 5: Controlling Fuel Costs
PARTNERS IN BUSINESS TABLE OF CONTENTS » Your survival depends on minimizing fuel consumption and getting a fair surcharge Diesel fuel is still king in the trucking industry, but electric trucks are expected to emerge as legitimate options over the next decade. Some have predicted sales of e-trucks could make up about 5 percent of […]
November 19, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 4: Managing Time
PARTNERS IN BUSINESS TABLE OF CONTENTS » There’s more to earnings than pay per mile Successful owner-operators know that simply running hard is not enough. If it were that easy, anyone could do the job and expect the profits to roll in. Understand it pays to slow down and that there is a tradeoff in […]
November 13, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 3: Understanding your revenue and costs
PARTNERS IN BUSINESS TABLE OF CONTENTS » There’s more to earnings than pay per mile Most owner-operators leased to larger carriers are paid on a per-mile basis or a percentage of revenue per load. The per-mile basis is most prevalent among larger fleets, percentage at smaller. Pay per mile tends to dominate discussions about pay […]
November 13, 2018
Partners in Business
Chapter 1: Becoming your own boss
PARTNERS IN BUSINESS TABLE OF CONTENTS » Take time to prepare for this big step As an owner-operator, you enjoy more freedom from supervision than a company driver. As an owner-operator leased to a carrier, to an extent you’re able to set your own hours and take time off when you want. But those freedoms […]
November 13, 2018
Partners in Business
Partners in Business 2019 Manual, Chapter 2: Bookkeeping and business analysis
PARTNERS IN BUSINESS TABLE OF CONTENTS » Tracking progress, filing income taxes and maximizing your bottom line Bookkeeping is one of the most important activities of successful owner-operators. The receipts and records you keep are used in a number of areas of your business – income tax reporting and minimization, warranty issues, maintenance information and […]
November 13, 2018
Overdrive Radio
Owner-operator income benchmarking, freight relationships and best practices
Listen as Todd Amen, Keven Rutherford, and Richard DeForest take on current events in trucking, how to deal with customers, and best business practices.
September 21, 2018
Partners in Business
Watch: Basic tips for running an owner-operator business
Richard DeForest, vice president of fleet sales for ATBS, shares advice gleaned from the firm’s financial services provided to thousands of owner-operator clients.
September 20, 2018
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