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Business: Page 10
They said he'd fail: Overdrive's Trucker of the Year Jay Hosty
Owner-op Jay Hosty has been proving naysayers wrong since the early days of his career, when he paid off a brand-new truck pulling containers in the Southeast. Read -- and hear -- why Hosty came out on top in Overdrive's Trucker of the Year competition.
January 12, 2024
Cargo theft is skyrocketing, and double brokering is partly to blame
When the victims of double brokering become mega shippers and the perps are international crime syndicates, will the cavalry finally come to trucking's rescue against freight board fraudsters?
January 12, 2024
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July 16, 2024
Congress again eyes massive trucking insurance hike
The “Fair Compensation for Truck Crash Victims Act” would require the liability insurance minimum for interstate motor carriers to increase to $5M. Also: Family of slain trucker starts GoFundMe; Love's celebrating 60th anniversary; more.
January 11, 2024
Regulations
Biden digs in heels on embattled acting DOL boss, renominated to lead department
Julie Su's nomination last year was unpopular among trucking stakeholders, mostly due to her role in passing California's AB 5 as California's labor commissioner. Also: Drivewyze intros safety alerts, including parking info; Buddy Moore Trucking acquired.
January 9, 2024
Regulations
'Truckers are tired' of regs' shifting sands: DOL rolls back contractor-classification rule
The new rule will take effect in 60 days, and returns to a “totality-of-the-circumstances analysis” that considers a worker’s “economic reality” through six factors. Some trucking groups took the opportunity to defend contractors' role in trucking.
January 9, 2024
Business
New minimum-revenue guarantee program for leased owner-operators
The CloudTrucks program is intended to backstop revenue for leased owners in a topsy-turvy market for brokered freight, which represents the majority of freight within the platform, though the company's made recent strides with shippers, too.
January 9, 2024
Overdrive Radio
Truckers' New Year's Resolutions: Get closer to the freight source, and back to basics on costs
Worried about the percentage "a broker might keep?" Owner-ops should ask how much is needlessly lost daily. Three Trucker of the Year finalists and an Overdrive contributor here offer ways to reassess -- and fully engage your primary freight partners.
January 8, 2024
Regulations
Trucking's best defense against predatory towing: A step-by-step guide
The moment something goes wrong on-highway or in a private lot, use this guide on avoiding egregious predatory towing bills, with tools for the trucking industry to fight back.
January 8, 2024
Voices
POLL: What are you currently paying annually for liability insurance coverage?
Annual insurance premium increases have been the rule for years, yet recent reporting shows a variety of exceptions. If you're running non-hazmat with authority, what are you paying currently for required commercial auto liability? Weigh in here. ...
January 4, 2024
Business
Pennsylvania's annual turnpike-toll hike set to hit | State parking, CDL-testing news
Tolls on the Turnpike will increase 5% beginning Jan. 7 for the Turnpike's legislatively-required annual increase. Also: Ohio closing rest areas along U.S. 23, U.S. 30 for reconstruction; Georgia revamping CDL skills testing process.
January 4, 2024
Overdrive Extra
Yes, you can reduce your trucking insurance premium. Here's proof
With good safety practice and being proactive with all insurance policies, these four carriers were rewarded with lower insurance premiums. Not one of them had to increase deductibles, lower stated value of equipment or anything else.
January 3, 2024
Business
Federal court rules sleeper berth time beyond 8 hours must be paid
The First Circuit Court of Appeals affirmed a previous ruling that, under the Fair Labor Standards Act, team drivers should be paid for time spent in the sleeper berth beyond 8 hours because time spent there is to the benefit of the employer.
January 3, 2024
Business
After repeated bridge strikes, I-87 NB closure planned for the weekend
The New York State Thruway Authority will close a section of the Thruway (I-87) on Saturday, Jan. 6, to repair damage from bridge strikes from over-height trucks. Also: Spot rates' pre-Christmas bump looked anemic heading into this new year.
January 1, 2024
Overdrive Radio
Closed coops, worst roads, weathering the storm: Owner-operators count down to 2024
Overdrive Radio's annual "toast" to the year that was. 2023's sure to go down in infamy among owner-ops, yet bright spots were evident: Sometimes, the chicken houses passed are closed, cost-control focus pays off, or you land that direct freight ...
December 29, 2023
Channel 19
Owner-ops survived 2023 -- now give 'em hell in 2024
In 2023 everyone wanted to tell owner-operators their business -- whether you could survive the market, outrun a Tesla, brave increasingly wild or criminal threats. Most survived, some thrived, and will come back harder next year.
December 28, 2023
Voices
POLL: Owner-ops, what's your business' outlook for 2024?
The noxious high-fuel/falling-rates cocktail persisted through much of 2023 -- what's your view on where your business will go in 2024? Better? Worse? About the same? .... Weigh in here.
December 26, 2023
Regulations
FMCSA, DOT leaders without 'actual expertise' have 'failed trucking': GOP presidential candidate
Recent regulatory pressures in trucking -- hours of service changes, ELDs' automated enforcement, speed limiters and more on the way -- were front and center in the CDLDU forum with truckers and candidate Vivek Ramaswamy at Iowa 80.
December 22, 2023
Business
Flatbed conglomerate Daseke to be acquired by TFI
Post-close, Daseke will operate its portfolio of brands as part of TFI International’s Truckload segment.
December 22, 2023
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Pride & Polish
Let your truck shine -- enter Overdrive's annual Pride & Polish
The entry period for the annual competition is now open through August 18. The five categories for the contest are: Working Bobtail, Working Combo, Limited Mileage/Show, Antique and Interior.
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