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Partners in Business
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Latest Stories: Page 7
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
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
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