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Tag: costs
Overdrive Extra
Cost increases are coming — your rates need to reflect that sooner than later
Take advice from a veteran owner-operator and begin adjusting your own cost basis and rates now, rather than waiting until increases have long taken place.
December 21, 2020
Channel 19
Thursday is this week’s Friday — decisions to make if not already set
If you're faced with the decision now, weigh the cost of time versus the profit in the load and take into consideration how you'll spend any extra time away.
June 30, 2020
Voices
POLL: Independents, what are you paying annually for liability insurance?
With insurance rates on the rise each of the last five years — particuarly so for own-authority owner-operator businesses with short histories — this poll asks non-hazmat respondents just how high it’s gotten. What do you pay annually?
June 24, 2020
Channel 19
Comparing costs — and strategies to profit, ultimately
A recent Overdrive poll showed owner-ops' wide range costs-per-mile. Find out how calculating and comparing fixed and variable costs can help your profits here.
June 10, 2020
Overdrive Extra
Capture 2020 vision with proactive attention to repair, operating and finance costs
“Successful owners throughout this past difficult year have an established business plan and operating procedures that enable them to be proactive with decision-making.” Also: How one got out from under a budensome lease payment to take title to the truck and reduce fixed financing costs in the bargain.
January 7, 2020
Business
ATBS’ income benchmarking-data call
September 12, ATBS, the nation’s largest tax and business services firm dedicated to owner-operator businesses, is hosting a conference call and online presentation to present a variety of data toward answering the question, “Has 2019 been significantly worse for owner-operators?”
August 30, 2019
Channel 19
Time and cost, redux: Where the owner-op is the smartest guy — in a roomful of carrier execs
So, what is your time worth? Turns out, it’s likely a lot more owner-operators have a clear sense of that than fleet execs when it comes to the trucking business.
June 4, 2019
Business
Other expansion challenges: Insurance costs, administrative/compliance burdens, managing customers
Overdrive poll respondents named these challenges — higher liability premiums, greater administrative and compliance burdens, and managing current customers/finding new business — the next-most-prominent challenges for small fleet expansion beyond recruiting and retaining drivers.
March 11, 2019
Voices
Assessing the ‘hard market’ for liability insurance
Premium increases in the past year have followed increasingly difficult conditions for insurers, watchers note, for a variety of factors. 10 percent might be a good rough average for independents and small fleets. At once, it’s not hard to find contrary examples on either side of that 10 percent among readers.
January 29, 2019
Channel 19
Is something going on in the insurance market for independents?
When veteran independent owner-operator Wayne VanHooser’s insurance came up for renewal recently (something I imagine many of you may well go through this time of year), he got a pretty big surprise. “Basically I’m getting put out of business,” the 71-year-old says, after more than four decades trucking.
January 23, 2019
Overdrive Extra
Choose professionalism to define, and create, your value
Choose to be a professional and you will create value, and you will know what your personal value is worth when it is time to ask for a raise, search for a company to call home, or negotiate that contract with the broker or shipper business partner.
December 11, 2018
Overdrive Radio
Owner-operator income benchmarking, freight relationships and best practices
Listen as Todd Amen, Keven Rutherford, and Richard DeForest take on current events in trucking, how to deal with customers, and best business practices.
September 21, 2018
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