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Tag: TruckersEdge: Page 2
Partners in Business
PIB TIP: PLAN TRIPS EFFICIENTLY. Deliver as early
PIB TIP: PLAN TRIPS EFFICIENTLY. Deliver as early in the day as possible. On appointment loads, deliver 30 minutes early. An empty trailer gives you more options than a load sitting on your trailer waiting to be delivered. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest […]
April 21, 2010
Partners in Business
PIB TIP: PLAN AHEAD IN YOUR DOWNTIME: While you ha
PIB TIP: PLAN AHEAD IN YOUR DOWNTIME: While you have to wait, plan ahead by wiping off reflective tape or by updating your log book, especially the recap, which if maintained can keep you abreast of your hours of service. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the […]
April 13, 2010
Partners in Business
PIB TIP: MAKE THE MOST OF YOUR DOWNTIME: Make the
PIB TIP: MAKE THE MOST OF YOUR DOWNTIME: Make the most of your waiting time, such as while loading or unloading or getting truck washes. A few ways to use the time well include taking a walk, organizing clutter in your cab or checking your tires, lights and maintenance records. The Partners in Business program […]
April 6, 2010
Partners in Business
PIB TIP: UNDERSTAND YOUR EARNINGS: Â Determine a re
PIB TIP: UNDERSTAND YOUR EARNINGS:  Determine a reasonable amount of miles you expect to run. Consider your age, experience, motivation, financial goals, health, personal and family needs, and your tractor’s condition to make that determination. Establish miles to run each week, month and year, and you have goals to work toward. The Partners in Business […]
March 17, 2010
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Spot freight index up 215% in February
Freight availability on the North American spot market in February more than tripled from a year earlier, based on the TransCore Freight Index. February’s increase of 215 percent marked the fifth consecutive month of improvement on a year-over-year basis and indicated unusually strong seasonal volume. The level for February, normally a weak month for spot […]
March 16, 2010
Partners in Business
PIB TIP: KEEP UP WITH A CHANGING MARKET. Use your
PIB TIP: KEEP UP WITH A CHANGING MARKET. Use your personal profit and loss statement to compare your performance with your business plan and budget. Your profit and loss statement should show weekly, monthly and annual costs and revenue, as well as miles driven and cost per mile. Compare your profit and loss report with […]
March 2, 2010
Partners in Business
PIB TIP: PROFIT AND LOSS STATEMENT. Your settlemen
PIB TIP: PROFIT AND LOSS STATEMENT. Your settlement statements and receipts should be sorted into like categories to add up for a total at month’s end. Then your operating information should be incorporated into a consistent format called a profit and loss statement, which should include how many miles you drove, your revenue, your costs […]
February 19, 2010
Partners in Business
PIB Tip
PIB TIP: SAVE YOUR RECORDS. You must keep the records that were used in the preparation of your tax return (records that support income and deductions) for at least three years from the date you filed the return. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest […]
February 17, 2010
Partners in Business
PIB TIP: TRANSPORTATION. For use of a personal veh
PIB TIP: TRANSPORTATION. For use of a personal vehicle for business, you should include the cost of the car and improvements, the date you started using it for business, the mileage for each business use and the total miles for the year. You should include your business destination and purpose of the trip. These details […]
February 3, 2010
Partners in Business
PIB TIP: KEEP A NOTEBOOK WITH YOUR RECEIPT ENVELOP
PIB TIP: KEEP A NOTEBOOK WITH YOUR RECEIPT ENVELOPE. The notebook will be used to record those expenses for which you can’t obtain a receipt, such as for a truck wash at a coin-operated facility or personal use of your auto. You should give a record of these expenses to your business services provider […]
January 27, 2010
Partners in Business
TODAY’S TIP: When you apply for a loan, be prepare
TODAY’S TIP: When you apply for a loan, be prepared to provide as much information as you can. The more you tell a potential lender about yourself and your operation, the more comfortable he will be lending you the money. Show that you are a business owner first and a truck operator second. The Partners in […]
January 20, 2010
Partners in Business
PIB Tip
PIB TIP: SAVE YOUR LOG BOOKS. Your log book is your best record of your entitlement to per diem (daily) expenses, mainly meal costs. So be sure to keep it in a safe place along with your receipts and tax returns, both of which you may need if you are audited. The Partners in Business […]
January 13, 2010
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