How to report — or threaten to report — bad brokers, take action for payment recourse
What recourse action can you take against a broker for nonpayment? Learn how to report or threaten to report bad brokers here on Overdrive.
March 19, 2020
How to vet brokers’ credit before taking a load
It's important to vet the credit risk you're taking to prevent getting stuck with the load with no compensation. More information here on Overdrive.
March 17, 2020
A ‘hit it and move on’ broker scam — and more loopholes
As brokerage scams multiply, learn from Allan Workman’s experience with Cedar Freight and discover an important loophole scammers exploit here.
March 2, 2020
How to file against a broker’s bond — and other collections-related resources
When it comes to working with brokers, nonpayment has been an issue for many owner-operators. Learn how to file against the broker's bond and more on Overdrive.
January 23, 2020
News roundup, Jan. 7: Truckstop.com systems mostly online after ransomware attack; Rhode Island challenges latest court ruling on trucks-only tolls
The company reported today that, while most Truckstop.com services are now available, its Trans4Cast weekly analysis of spot market rates and conditions has yet to be fully restored. Rhode Island is petitioning a federal appeals court to have ATA’s lawsuit over the state’s trucks-only tolls moved to a state court.
January 7, 2020
Notes on the No. 1 reason for a truck repo — and going out of business
“The No 1. place when someone stops paying me is when the truck is at a repair shop,” one lender recently told Overdrive. Likewise, another take from Truckstop.com’s Brent Hutto, who corroborates that lender’s account. More here…
August 12, 2019
A Truckstop in the halls of Congress, a hotshot carrier’s tech-informed business
Failure to fund road repairs, notes Truckstop.com’s Chief Relationship Officer Brent Hutto in this week’s edition of the Overdrive Radio podcast, can hasten the incidence and increase the likelihood of the perhaps No. 1 reason owner-ops go out business — that’s a major mechanical failure, of course.
July 11, 2019
Electronic Logging Devices
More ELD data hopes and hazards: Load matching efficiency improvements
A variety of players, including some ELD providers, are executing plans to use ELD hours data as a way to help put load offers in front of carriers that have drivers who not only are close to the load but also have sufficient on-duty hours.
June 25, 2019
Electronic Logging Devices
Tracking-tech providers see new uses of ELD location data
Location data is some of the most valuable output from electronic logging devices, driving tracking services to make deals with ELD providers to allow users to opt into location-share connections with ELDs providing the tracking, with more functionality coming.
June 11, 2019
Even in a roaring market, think twice before joining the stampede
This week’s Overdrive Radio podcast features this talk, delivered by former small fleet owner and longtime radio host Kevin Rutherford at MATS, on prioritizing all the new risk and responsibility of trucking with authority, toward better income. Significant wild-card today: Inexplicably high cost of insurance for some carriers.
April 12, 2019
Truckstop.com to use investment funds to expand carrier and broker product suite
The company doesn’t plan to pivot away from its core business of connecting brokers and carriers, said CEO Paris Cole. Rather, the investment will allow Truckstop.com to grow its product development team in the short term, says Cole, and, longer term, the capital will help the company to accelerate the rate at which it brings new products to market.
April 10, 2019
Private equity firm acquires majority stake in Truckstop.com
Truckstop.com, well-known for its online freight matching/load board tools for carriers and brokers, announced April 3 an investment from private-equity firm Iconiq Capital, making Iconiq the majority shareholder in the Idaho-based company.
April 3, 2019
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