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Latest Stories: Page 6
Equipment and Maintenance
Acquiring your first truck: Purchase or lease?
Will you purchase or lease the truck? If purchasing, where will you get the money? Here, find information about financing, how to find a good lender and more.
January 1, 2025
Equipment and Maintenance
Move equipment financing terms to your favor
When purchasing a truck and looking to take out a loan, you have several options for negotiating with lenders to help get the terms to more favorable footing.
January 1, 2025
Equipment and Maintenance
Used trucks: How to evaluate a rig to protect long-term value prospects
Used-truck market conditions have stabilized somewhat since the COVID-19 pandemic -- good news for a market where most owner-operators source equipment, particularly early in their careers. Here's a lot to consider when evaluating a used purchase.
January 1, 2025
Equipment and Maintenance
Ways to assess truck market value for purchase, trade or sale, insurance
Every truck buyer, likewise every seller, should embrace some sense of reality to avoid costly missteps. Use this tool to get a good assessment of current market value for any truck model.
January 1, 2025
Equipment and Maintenance
There's plenty to consider before entering a lease-purchase agreement with a motor carrier
Lease-purchase plans have traditionally been somewhat well-used paths to truck ownership, particularly among operators with otherwise shaky credit, but they also generate the most controversy.
January 1, 2025
Equipment and Maintenance
Traditional loan, TRAC lease, full-service lease: Making the comparison
This comparison table offers quick-glance terms for three routes truckers can take to acquire powered assets. Likewise: A few tips for anyone going the lease route.
January 1, 2025
Equipment and Maintenance
How to improve your credit rating for better truck-loan interest, and so much more
Clean credit is important for owner-operators in many areas, including lending terms on equipment and sometimes even getting freight. Here, find out why, along with tips on improving your credit score.
January 1, 2025
Equipment and Maintenance
The case for trailer ownership -- and tips on spec'ing the wagon
While leased operators don’t always have the pressing need to provide a trailer that most independents do, many find trailer ownership brings significantly added earning potential.
January 1, 2025
Equipment and Maintenance
Routine preventive maintenance will pay owner-operator dividends long-term
Brakes, tires, lights, batteries... The list goes on and on. Though a preventive maintenance schedule is sometimes hard to set up and follow through on, and certainly can be costly, neglecting maintenance is sure to cost you even more in the long run.
January 1, 2025
Equipment and Maintenance
Effective PM starts when you buy the truck: How to deal with dealer service
The best time to start a regular PM program is when you’re buying your truck. If the dealer doesn’t volunteer detailed information, use your leverage before you buy to get it. Long-term, good maintenance records will help determine time to trade.
January 1, 2025
Equipment and Maintenance
Save money, and stay out of inspectors' crosshairs, with smart maintenance
When asked why they’ve done a poor job of preventive maintenance, too many owner-operators say they were trying to save money. But there are many ways to save money on maintenance without skimping and courting disaster.
January 1, 2025
Equipment and Maintenance
Aftertreatment demons: Keep your diesel emissions system clean to prolong life
If your truck is equipped with a diesel particulate filter and/or selective catalystic reduction aftertreatment system, it's important to understand what they do, and why. Routine attention through PM can prevent downtime.
January 1, 2025
Equipment and Maintenance
Pull off extended oil drains for your diesel with routine analysis
An owner-operator extending the truck's oil drain interval by just 10,000 miles, over the 1-million-mile expected life of an engine, will save a ton of money.
January 1, 2025
Equipment and Maintenance
Beating predatory truck tows -- the Partners in Business guide
For owner-operators, an egregious tow or recovery bill can spell out a death sentence for a trucking career, maybe ruin life at home, too. Until the wider world acknowledges the grave realities, truckers need a resource.
January 1, 2025
Starting Line
What it takes to be your own boss: The truck owner-operator's playbook for success
Understanding what it takes to be an owner-operator, the risks and rewards of ownership and more are key to understand before signing a lease or buying your own equipment.
January 1, 2025
Starting Line
Creating your financial map: The basics of business planning
A business plan should show all sources of revenue and costs while taking into account trucking industry averages, personal expenses and cash flow. With regular updates, it can show a complete financial picture in weekly, monthly and annual detail.
January 1, 2025
Starting Line
Trucking business services providers: What they do, and how to pick one
As you learn the ropes of owning your business, focus most closely on managing business and personal expenses. A strong financial services provider can help with accounting, taxes, financial goals and more.
January 1, 2025
Starting Line
Managing the trucking money: Best practices for healthy cash flow
Ways to avoid cash-flow problems for your trucking business, as well as things plenty to be on guard for to avoid financial woes.
January 1, 2025
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