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Latest Stories: Page 7
Starting Line
Debt resources: Last-resort backstop to cash-flow crises
Here find a variety of lending resources, as well as strategies other than borrowing, that an owner-operator or small fleet business could tap to help manage a cash-flow crisis.
January 1, 2025
Starting Line
With ID theft on the rise, guarding your trucking business is a necessity
With a proliferation of sophisticated identity theft schemes aimed at trucking companies in recent years, it’s important to understand how to protect your business' profile from the jump as an owner-operator.
January 1, 2025
Starting Line
How to choose a business structure that works best for your operation
There are several ways to set up an owner-operator business, each with its own advantages and disadvantages. Find out which works best for you.
January 1, 2025
Starting Line
'Beneficial Ownership Information' reporting required of some small businesses
Foreign-owned LLC, corporation or certain other small business entities are required to report ownership information to the United States Treasury’s Financial Crimes Enforcement Network (FinCEN).
January 1, 2025
Starting Line
The costs -- and broader considerations -- to keep in mind when leasing to a carrier
For any owner-operator, it's expensive to switch carriers, so keep these things in mind if you're in the market for a new business partner to lease to.
January 1, 2025
Starting Line
Evaluating carriers' compensation packages starts with knowing your own numbers
While comparing pay packages is time-consuming, the key is to start with an understanding of how much you need to make each month to cover expenses. Only then will you know whether a pay package is a good deal for you.
January 1, 2025
Starting Line
The skinny on mileage v. percentage pay in trucking company lease contracts
An owner-operator running on percentage shares the brunt of market conditions with the carrier, earning less money in bad times, whereas a mileage program in such times can be an attractive safety net as long as the freight's there.
January 1, 2025
Starting Line
Trucking self-dispatch: How to get comfortable, and master the process
Effectively self-dispatching may well be the most difficult task an owner-operator business is saddled with. There are a seemingly unending number of moving pieces that will affect the outcome of any decision made about any load.
January 1, 2025
Starting Line
Finding your niche haul: The tradeoffs and triumphs in freight specialization
Specializing in a freight niche -- heavy-haul, auto hauling, livestock, the list goes on -- can add to an owner-operator’s earning potential with higher-paying loads, but with that comes added expenses in many cases.
January 1, 2025
Trucker of the Year
Meet the finalists for Overdrive's 2024 Trucker of the Year honor
Nearing the conclusion of Overdrive's 2024 Trucker of the Year award program, judges laud 10 Truckers of the Month and name three finalists for the ultimate win, to be announced in the new year.
December 20, 2024
Trucker of the Year
How Trucker of the Year contenders beat 2024's sluggish conditions
This second installment wrapping up 2024's competitive TOTY field shows owners poised for growth in the new year, in plenty more ways than one. Check in with Alec Costerus, Greg Labosky, Mike Nichols and the brothers of Zimmerman Ag.
December 16, 2024
Trucker of the Year
Success through self-help, lane change: 2024 TOTY 'exit interviews'
Overdrive's 2024 Trucker of the Year contenders have battled soft freight and sluggish rates with moves large and small. Here, four contenders map out their experience through the year, delivering insight on business decision-making.
December 9, 2024
Regulations
Late-for-work waitress slams into trucker's fuel tank -- preventable?
Trucker John Doe's backing maneuvers toward a dock are violently interrupted when a late-for-work waitress speeds into the dock area. Doe appealed his company's "preventable" determination. Where did the accident review committee come down? Find out here.
December 6, 2024
Overdrive Extra
Post-election optimism yields opportunity: A new start for your trucking business
A big shift in mood post-election -- with so many owners having hung on for months, even years for the chance to move forward with optimism -- delivers opportunity for a reset. Yet don't let knee-jerk reaction overtake the necessity of careful planning.
December 3, 2024
Overdrive Extra
We're thankful! And: Kick the tires of Overdrive's new 'Load Profit Analyzer'
A message of thanks to all the owner-operators in the audience. And: First look at a load profit comparison calculator we'd love for you to kick the tires on. Take a run through Overdrive's Load Profit Analyzer.
November 28, 2024
Regulations
Trucker rips off a loading bay door -- preventable?
Trucker John Doe was backing into a loading bay when, suddenly, the motorized bay door closed on his trailer. Could the accident, ultimately damaging the door extensively, be anything other than nonpreventable?
November 22, 2024
Small Fleet Champ
Small Fleet Champs pay it forward: Hard-earned trucking knowledge
Today on Overdrive Radio, the annual roundtable with Overdrive's Small Fleet Champ finalists, featuring mistakes made and overcome, trucking business lessons learned, and a strong pay-it-forward focus for the next generation of ownership.
November 18, 2024
Overdrive Extra
You don’t get any do-overs: A word of caution about expanding by leasing on owner-operators
"Once it goes wrong, just like it did for me, it’s too late." The words of W. Joel Baker here offer a warning for one-truck owners against too-quick expansion without careful preparation and due diligence around operators you're contracting with.
November 13, 2024
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