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Latest Stories: Page 3
Overdrive Extra
6 strategies for carriers to help weather a tough freight market
One constant to all of these strategies is that in a down market, you must find ways to compete on factors other than the rate. When freight markets and rates are down 10%-20% across the board, price wars get extra-punitive.
August 23, 2023
Business
How truckers can leverage existing relationships toward direct freight
With shippers executing more frequent contracting periods, lines between spot/contract freight blur, and those dynamics could play out to an advantage for a nimble small fleet/independent hoping to secure direct business more readily.
August 14, 2023
Overdrive Extra
How to turn up the heat on detention
And charge customers for it. Truckers report little improvement in detention times since the ELD mandate. Yet time, of course, is money. The more owner-operators use their own numbers to engage customers on costs and lost opportunity the better.
August 16, 2023
Business
Direct freight: Delivering a modicum of consistency in a turbulent market
While the spot market of late has been difficult for many an owner-operator or small fleet, to say the least, carriers with direct customers have been able to hang on and/or prosper as long as demand for their customers' product has remained.
August 14, 2023
Overdrive Extra
How carriers and brokers can work to combat double brokering: Potential red flags, more
Tackling double-broker frauds at government levels will take time and likely resources from industry lobbyists and large players. There’s a lot we can do together in the meantime to shut the schemes down and fight against the fraud in our industry.
August 8, 2023
Overdrive Extra
The double brokering slow burn -- how it happens, and how to fight back against it
Contributor Matthew Patrick, with a small fleet/broker in the Northeast, outlines a particularly efficient flavor of double brokering he's found that often goes undetected, sinking rates for real carriers involved in these schemes, reducing profits.
August 8, 2023
Partners in Business
How owner-operators can catch up on bookkeeping, one week at a time
There's a self-motivating aspect of engagement with real-time business information. The task of bookkeeping is best done day by day, rather than months in arrears. If you need to catch up, though, here's how to do it to obtain the biggest real-time bonus.
July 26, 2023
Partners in Business
Know your tax deductions to save your business thousands
Your investments' worth when it comes to the tax code can save you thousands when your annual tax bill comes due. Know the various deductions available to trucking companies and drivers.
July 5, 2023
Overdrive Extra
Not all cargo insurance is created equal
W. Joel Baker spells out the finer points of cargo-insurance coverage and just what your broker/shipper customers are requiring of your insurance policy. More importantly, the right coverage could save you in the event of an accident.
June 28, 2023
Overdrive Extra
Parasitic costs: 15 ways to eliminate and save, build value as an owner-operator
Negative press when it comes to economic conditions can easily overwhelm and discourage hope for success, sapping owner-operators' energy away from critical tasks. Here's a bevy of savings, income opportunities you may be missing in the process.
June 20, 2023
Overdrive Radio
How to master work-life balance while trucking over-the-road
This week's Overdrive Radio features our in-depth talk with Adam Wingfield and Jason Cowan on processes that can help owner-operators and small fleet owners find better balance long-term.
June 19, 2023
Business
Same old spot market or 'totally different world'?
Plenty eschew the personal in the owner-op/broker relationship, seeing it only natural in a down market that a broker might cancel over $50 on a rate. Others see fundamental changes for the worse this cycle. Also: Rate-negotiation tips for the long haul.
June 8, 2023
Business
In a tough spot market, strong relationships with those who feed you will pay off
Fewer loads available, too many truckers competing for those loads. Such has been the case in recent times. As the market hits bottom, relationships with brokers or direct shippers is more important than ever.
June 8, 2023
Business
Do owner-operators need to worry about credit scores?
With loan interest rates up dramatically over the last year, most Overdrive readers report having a fantastic credit score. But the score itself isn't all you have to worry about when negotiating a new truck or other business loan.
June 1, 2023
Partners in Business
How to find freight when nobody else can
This portion of a PIB roundtable talk touched on current freight-market difficulties and the various tactics owner-operators can take to strengthen relationships with all freight partners, from brokers and carriers to shippers and receivers.
May 31, 2023
Overdrive Radio
Owner-operator evolution in 'Partners in Business': Roundtable
This wide-ranging discussion with Red Eye Radio's Eric Harley, ATBS' Mike Hosted, and Overdrive's Gary Buchs keyed in on vital aspects of owner-operator business practice, from basic task management to make-or-break of cost/revenue numbers engagement....
May 28, 2023
Business
The work-life balancing act: With rates down, focus on family, customer relationships
Rates are down, costs are up, making work-life balance seem like an unattainable luxury for many owners. But two trucking success stories say that investing in strong relationships, family and otherwise, is actually just what this market calls for.
May 25, 2023
Partners in Business
How to prep for the downturn as an owner -- it's always right around the corner
"When you shut that key off" as a truck operator, "learn to use that time as an asset" to focus on your business acumen as the owner -- and stay ahead of the worst of trucking times that will inevitably arrive.
May 24, 2023
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