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Business
Decline in loads, shipper spend drives freight markets lower
U.S. Bank reported a significant contraction in freight during the first quarter of 2024, both on a quarterly and annual level. Also: FMCSA looking to incorporate new CVSA handbook into regs by reference; TA accepting new fuel card.
May 2, 2024
Nominations open! Enter Overdrive's 2024 Small Fleet Championship
Do you have what it takes? Enter the 2024 small-fleet competition to put your small trucking company in the running to claim the vaunted title belt. Fleets operating 3 to 30 trucks through 2023 year-end are eligible.
May 2, 2024
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March 15, 2024
Fuel prices, mostly flat in 2024, dip below $4/gallon, and spot rates follow them down
Diesel's average price has been floating near $4 for most of the year, and recently fell below the threshold; spot rates followed fuel down. Also: Free pre-Roadcheck inspections next week; I-15 bridge reopens; new carrier-recognition program from TCA.
May 1, 2024
Partners in Business
The problem with 'work-life balance' OTR for small business owners
There are a seemingly infinite number of little things day-to-day that will engender real respect from customers you serve. Solidify your stature, and you'll gain more control over all aspects of your business, including time for those back home.
May 1, 2024
Trucker of the Year
Effective insurance, exacting analysis deliver Trucker of the Month's success
With 30-plus years of small business behind him, Gary Schloo is the kind of owner-operator who can tell you at any time what his overall cost-per-mile is, down to the cent -- likewise what portion of that is tied up in fuel, tires, brakes, you name it.
April 30, 2024
Business
Trucking's 'bloodbath': Did brokers or carriers take the biggest hit?
Data and no shortage of anecdote show it's been a tough market for motor carriers these last two years. Yet despite many hurdles and handicaps asset-heavy carriers face, they're still doing better on the whole than brokers.
April 29, 2024
Overdrive Radio
'Hey shippers, we're out here': Post-Convoy collapse, small fleet on long haul for change
Part 2 of this Overdrive Radio podcast talk with small fleet owner Surinder Gill follows on the collapse of the Convoy brokerage, Gill's former principal partner for freight, and his new resolve to be there for change in shippers' approach to carriers.
April 29, 2024
Regulations
FMCSA, police investigate double broker's odd inspections history
Maroon Express Inc., a revoked carrier authority/double broker under investigation within FMCSA, has one clean inspection on their record associated with a truck that got inspected three times in four days, operating under different DOT numbers each time.
April 25, 2024
Business
Carrier failures have "declined mostly steadily, but they are still higher than seen before the pandemic"
Even with the large number of carrier failures, the market still has 94,000 more for-hire carriers than it did immediately before the pandemic.
April 25, 2024
Overdrive Extra
Ditch the dime-a-dozen approach to drivers: Carriers need value-attitude adjustment
After a talk with a rookie truck driver fed up with wasted time, empty miles and so much more, Clifford Petersen got to thinking about "value." Truckers need to make it a bedrock principle that their time is valued. It's costing carriers, drivers dearly.
April 24, 2024
Parking
New Outpost company aims to deliver on parking shortage, small fleet growth
Today, the Semi-Stow truck parking/terminal facilities company, with sites across the U.S. South, West and elsewhere, rebranded as Outpost. The move follows an infusion of investment and plans to expand its network of sites short-term.
April 23, 2024
Business
Convoy's unpaid carriers finally settling with Hercules Capital?
After Convoy's stunning collapse, and it's resurrection under Flexport, one trucking debt collection agency says some small percent of relief might be on the way for the dozens of unpaid carriers.
April 22, 2024
Overdrive Radio
Larger broker, larger bond: Should surety requirement vary by size?
This Overdrive Radio podcast features small fleet owner Surinder Gill, owed $35,000 by the failed Convoy broker despite efforts to recoup the money. Given his claims alone were nearly half of the $75K broker bond, he suggests new regulatory approach.
April 22, 2024
Voices
More 'big rips': Owner-ops flag biggest broker margins they've seen
Debate over brokered-freight transaction transparency never lets up when freight markets are sluggish -- a recent question answered by hundreds of owner-ops revealed the biggest takes they'd seen through the years, and plenty more debate around the issue.
April 18, 2024
Regulations
FMCSA moves on registration-system update
Latest step in the agency's "clean up the bad actors" effort with a new entity registration system: approval sought from the White House OMB to implement a new "FMCSA Registration System (FRS)" to replace the Unified Registration System.
April 18, 2024
Regulations
Trucking groups appeal California court's latest AB 5 decision
Trucking's pursuit of an injunction to block the AB 5 classification rule from applying to trucking was shot down in March. Also: New eRegs app puts FMCSRs at fingertips; FMCSA hosting two-day research forum; new runaway truck ramp in Virginia.
April 16, 2024
Overdrive Radio
'Too many scammers out there': Trucker of the Month stays choosy about brokers
In this week's edition of Overdrive Radio, March Trucker of the Month Candace Marley details the relationship-building strategy for freight in her Iowa-based one-truck business -- Calliope, LLC -- as she overcomes 2023 setbacks toward long-term success.
April 15, 2024
Trucker of the Year
Nominate an exemplary owner today: 2024 Trucker of the Year competition
The program recognizes acumen/innovation of owner-operators, the bedrock of the entrepreneurial spirit in trucking. If you’ve controlled costs and maintained revenue amidst inflation and freight-market challenges the last years, you're a worthy contender.
January 5, 2024
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Custom Rigs
MATS 'Build-Off': Kenworth K100 cabover restomod
One of the three trucks that competed in the Big Rig Build-Off at MATS, Johnson Hill Customs' 1980 Kenworth K100 is an impressive build for the invitation-only event.
Small Fleet Champ
Nominations open! Enter Overdrive's 2024 Small Fleet Championship
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I-95 in Connecticut closed for a 'significant period' after fuel truck explosion
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Effective insurance, exacting analysis deliver Trucker of the Month's success
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