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Business: Page 2
Big Rips, Fat Lips: Biggest broker margins, fails reported in March
DAT Chief of Analytics Ken Adamo reveals how some brokers chalked up 70% margins on transactions in March in a push for his own data-driven brand of broker transparency.
April 4, 2024
Fuel payments providers boost theft protections amid card-skimming explosion
It can happen to the best of us, even Overdrive's Trucker of the Year, who on his way toward MATS to accept the award last month had his fuel card skimmed at a truck stop and $1,100 stolen. New controls from card providers could have prevented it.
April 4, 2024
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March 15, 2024
Rail-bridge strike by oversize rig closes I-95
The closure is ongoing on I-95 in Northeast Philadelphia. Also: Tradepoint Atlantic terminal still operational in Baltimore; FMCSA to modify under-21 interstate driver program at Congress' direction; new liability insurance options.
April 3, 2024
Partners in Business
Stock the pantry against hunger-stricken 'panic mode' in feast-or-famine trucking cycles
It's been a year where fixed costs are up 8%, variable costs down 10%, and freight rates down even more. Without clear insight to truly understand your real costs, a measure of financial prevention of sorts, "you're running in the dark."
April 3, 2024
Business
Kevin Rutherford's MATS talk derailed by broker transparency argument
After a talk on business fundamentals and Rutherford's insights on winning mind-sets, an owner-operator in the crowd clashed with him on the issue of brokered-freight transaction transparency.
April 3, 2024
Parking
Texas city bans truck parking
The College Station City Council instituted a city-wide ban of trucks parking on city streets. Also: Maryland waives IFTA requirements for certain carriers; ATBS launches updated app, client portal; two-day UCR Board meeting this week.
April 2, 2024
Overdrive Radio
Inside FMCSA's registration overhaul to 'clean up the bad actors'
Big changes to how carriers interact with FMCSA's registration system are on the way, aimed at rooting out bad actors lurking in the system today. Said FMCSA Director Ken Riddle: "We're going to clean up the bad actors."
April 1, 2024
Trucker of the Year
Thriving on the challenge: Trucker of the Month Candace Marley
A tenacious spirit has helped independent owner-operator Candace Marley thrive early in her owner-operator career, then survive when times got particularly tough, earning her a nod as Overdrive's Trucker of the Month for March.
March 28, 2024
Regulations
FMCSA planning 'stakeholder day' on registration changes
The virtual "Registration Modernization Stakeholder Day II" will be May 29, allowing industry input on FMCSA's registration process. Also: ATBS offering Tax Day deal; In-cab TV provider enables two-way comms on big screen; Michigan weight updates; more.
March 28, 2024
Regulations
The criminal element lurking in FMCSA's outdated registration system
As FMCSA makes big moves to end fraud, a look at just how outrageous and widespread the problem has become, with Dale Prax and attorney Hank Seaton at MATS, who offered paths forward to help combat the problem.
March 27, 2024
Regulations
DOL contractor rule now in effect: Owner-operator classification maze, perspective
It's now part of the "rules of the road," and the DOL test's significance is indirect for state wage and hour lawsuits and private actions. Yet it could be significant indeed depending on the situation of owner-op contractors at any given company.
March 27, 2024
Business
Truckers asked for feedback on detention impacts
ATRI is calling on truckers to provide info on their experience with detention and how it impacts their day-to-day life, professional livelihood and perceptions of the industry. Also: Three Highway Angels of the Year crowned; WIT Drivers of the Year.
March 26, 2024
Partners in Business
How owner-operators still standing have weathered big rates drops through the present
In the annual Overdrive-ATBS Partners in Business co-presentation at MATS, 2023 owner-operator performance metrics showed more miles logged and lower costs. However, those factors couldn't fully overcome the poor rates environment.
March 25, 2024
Regulations
FMCSA on AEBs, broker transparency -- no mention of safety ratings
The agency provided updates Friday at the Mid-America Trucking Show on an automatic emergency braking mandate, the safe integration of automated driving systems, and transparency in broker transactions.
March 22, 2024
Partners in Business
Calculate any load's cost in relation to time, not just miles
Evaluating any given load’s value, it’s crucial to consider costs to haul the freight on a per-mile basis, but also in relation to time. Attendant to Overdrive's Partners in Business seminar at MATS, Gary Buchs offered this custom-spreadsheet tool to help
March 22, 2024
Business
Broker's trailer pool program expands
Enhancements to Uber Freight's Powerloop drop-hook system within its freight network include an expanded "dedicated fleet" offering, bundling capabilities to build carrier drop and hook "tours," and telematics-enhanced "smart" trailers.
March 22, 2024
Business
House committee passes resolution to repeal Biden DOL contractor rule
A resolution to nullify the Biden administration’s independent contractor rule faces a long road to repealing the current rule of law, but cleared its first hurdle Thursday.
March 21, 2024
Partners in Business
2024 handbook for owner-operator business, start to finish, now available
Download the new Partners in Business guide to owner-operator business today, and if you're attending MATS, join us at 2:45 p.m. Friday, March 22, in the MATS Pro Talks Theater (B104 in the South Wing) for the official kickoff for this year's PIB program.
March 20, 2024
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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.
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