Tag: business plans: Page 2

Partners in Business
PIB TIP: YOUR IFTA ACCOUNT. You must get your own
PIB TIP: YOUR IFTA ACCOUNT. You must get your own International Fuel Tax Agreement account to do your own fuel tax reporting, whether you do it yourself or through a third party. You do not have to have your own operating authority to get an IFTA account, but independent owner-operators must have such an account […]
December 29, 2010
Partners in Business
PIB TIP: PASS UP COSTLY FUEL STOPS. Owner-operator
PIB TIP: PASS UP COSTLY FUEL STOPS. Owner-operators are well advised to pass up network fuel stops that are too costly, too far off route, sell inferior fuel, are dangerous or poorly maintained, or are perceived as a profit center for the carrier at owner-operators’ expense. If you have concerns about a stop on the […]
December 17, 2010
Partners in Business
PIB TIP: GET WITH THE PROGRAM. Owner-operators can
PIB TIP: GET WITH THE PROGRAM. Owner-operators can save an average of 6 cents per gallon when they are able to participate in major carriers’ discount fuel networks. If your fleet has a fuel-optimizer program, use it. An optimizer program helps an owner-operator plan a trip, based on fuel prices and locations in the carrier’s […]
December 14, 2010
Partners in Business
PIB TIP: FINDING THE CHEAPEST FUEL. The real cost
PIB TIP: FINDING THE CHEAPEST FUEL. The real cost of fuel is the pump price minus the taxes. There are ways to save money on both the fuel you buy and the fuel taxes you pay. Learn what your carrier’s fuel tax policy is, and find out which states have the best diesel prices. Daily fuel prices […]
November 22, 2010
Partners in Business
PIB TIP: CUT OUT-OF-ROUTE MILES. If you’re like ma
PIB TIP: CUT OUT-OF-ROUTE MILES. If you’re like many owner-operators, with 6 percent to 10 percent of your miles out of route lost to detours, side trips and just human error, you could possible cut them 3 percent. Doing so would save 3 percent on fuel, as well as on other variable costs such as […]
November 17, 2010
Partners in Business
PIB TIP: SLOW YOUR ACCELERATION. This will consume
PIB TIP: SLOW YOUR ACCELERATION. This will consume less fuel and be easier on the mechanics of your equipment. Accelerating slowly on hills or in the mountains is especially important because doing so helps reduce effects of gravity. Rapid acceleration creates premature wear on the engine, driveline and tires, and increases fuel costs. The Partners […]
November 2, 2010
Partners in Business
PIB TIP: MAINTAIN TIRE PRESSURE. To reduce rolling
PIB TIP: MAINTAIN TIRE PRESSURE. To reduce rolling resistance, check the tire air pressure in all 18 tires and fill them up at least weekly to the manufacturer’s specifications. The trailer tires may belong to your carrier, but why pay the extra cost of pulling a trailer with under-inflated tires? The Partners in Business program […]
October 26, 2010
Partners in Business
PIB TIP: PERFORM REGULAR PM. Preventive maintenanc
PIB TIP: PERFORM REGULAR PM. Preventive maintenance ensures your truck is running efficiently. Check your current miles per gallon at each fill, and if it falls off, determine the reason. Check often enough to catch low oil, a dirty air filter or an air compressor leak. Don’t use a higher-viscosity oil than you need. The […]
October 20, 2010
Partners in Business
PIB TIP: USE OF AERODYNAMICS SAVES MONEY. Use all-
PIB TIP: USE OF AERODYNAMICS SAVES MONEY. Use all-position tires on the rear, and make sure they’re the same tread as the steer tires. Match the sleeper package to the application: When you’re pulling a tank or flatbed, for example, a flat-top sleeper is the most aerodynamic option. Keep your gross vehicle weight as light […]
October 12, 2010
Partners in Business
PIB TIP: THINK AERODYNAMIC. Snug the trailer tight
PIB TIP: THINK AERODYNAMIC. Snug the trailer tight to the tractor to cut down on wind resistance. The ride may not be as good, but the savings are worth the trade-off. Add features such as roof fairings, chassis fairings, cab extenders and aerodynamic mirrors. Mount air cleaners under the hood. Following these tips will help […]
October 6, 2010
Partners in Business
PIB TIP: SPEC YOUR TRUCK WISELY. Your paycheck wil
PIB TIP: SPEC YOUR TRUCK WISELY. Your paycheck will show whether you chose a truck with a big engine and a lot of chrome versus a truck engineered to meet your business needs and help you succeed. Weight and maintenance are in sharp contrast between a wannabe show truck and an aerodynamic truck that is […]
September 28, 2010
Partners in Business
PIB TIP: CONSIDER AN APU. A recent survey shows th
PIB TIP: CONSIDER AN APU. A recent survey shows the average owner-operator idles more than 5 hours a day, in all weathers. That’s the equivalent of 18,000 yearly miles on the engine, says Argonne National Laboratory. Cutting that idling to zero eliminates 18,000 miles of wear, extends your oil-drain interval and saves nearly $4,500 in […]
September 20, 2010
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