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Business: Page 50
How to save taxes, gain biz-management dividends with an S Corp structure
With owner-operator average income now topping $70K annualized, "we've set up a lot of S Corps this year," said ATBS. At that level, the S Corp structure really begins to make sense as a tax-savings and business management solution for a one-truck owner.
November 30, 2021
States with the most cost effective highways and bridges
With $110 billion set to go to roads and bridges in the newly passed infrastructure bill, here's a look at the best and worst state highway and bridge systems, as well as how cost-effective each state is.
November 30, 2021
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July 16, 2024
California 88K lb. load limit targeting port congestion dubbed 'lipstick on a pig'
While California Gov. Gavin Newsom believes a larger 88,000-lb. gross truck weight can help reduce port congestion, trucking experts feel otherwise.
November 30, 2021
Regulations
FMCSA extends COVID-19 emergency declaration's hours waiver through February
The FMCSA waiver will now be effective through Feb. 28, 2022. The extension continues to retain new features instituted with the last extension that began in September. Also: Spot market update shows expected Thanksgiving-week sag.
November 29, 2021
Small Fleet Champ
Small fleet roundtable: 'Co-opetition' code, balancing personal/business pursuits, more
Trucking companies can do more to embrace cooperation amongst their kind -- "I'd rather have your friendship than have your freight," Small Fleet Champ Jason Cowan said in this roundtable with fellow finalists -- where it makes sense to seed growth.
November 29, 2021
Overdrive Extra
Don’t be lured into dishonesty to reduce your insurance premiums
It makes for a valid reason for an insurance company to cancel your insurance policy. Once that happens, it follows you like a bad smell after hitting a skunk. No matter how hard you try you just can’t get rid of it and nobody wants to park next to you.
November 24, 2021
Channel 19
The COVID-19 HOS waiver: Has 'self-regulation' equated to better safety?
Trucker Nation teams up with D&K Truck Compliance on a new effort to gather data from carriers and individual drivers who have operated under the COVID waiver. The goal is to study safety outcomes, potentially spurring hours of service change.
November 23, 2021
Regulations
Livestock haulers get additional HOS exemption in infrastructure law
The infrastructure bill signed into law earlier this month adds to livestock and insect haulers' 150 air-mile radius hours of service exemption. Also: 15 Republican governors call on Biden to ease trucking regs to help supply chain; more.
November 23, 2021
Business
A hack for getting a better read on rates data
Criss Wilson, a data scientist with the McLeod TMS provider, offers a spectrum-analysis approach to understanding market leverage with shippers/brokers in rate making. One limitation: access to quality data he hopes more carriers will share.
November 22, 2021
Overdrive Radio
The promise -- and challenges -- of the car-haul trucking niche
Long known for greater earning potential than most other freight niches, car-hauling has lost some luster in these especially challenging times. Yet these owners show plenty upsides even amid difficulty, not least the self-reliant nature of load/unload.
November 19, 2021
Parking
Love's adds more than 300 truck parking spaces | Fleet offers 5 cpm 'driver shortage surcharge'
The truck stop giant opened new stores in Ohio, Florida and Georgia this week. Also: Financing firm offering equipment financing for start-up businesses; Alabama-based flatbed fleet giving drivers 5 cpm 'Driver Shortage Surcharge.'
November 19, 2021
Business
DRIVE Safe Act becomes law: Here's what motor carriers need to know
Senator Angus King of Maine on Wednesday discussed the finer points of the bill, which he described as a common sense piece of legislation that could quickly free up tens of thousands of long haul drivers.
November 18, 2021
Business
House Transportation Committee hears blunt assessment of 'driver shortage'
Dr. David Correll of MIT concluded that improving dock efficiency to add 18 minutes of driving time to an average hauler's 6.5-hour daily drive time would put ATA's "driver shortage" number at zero. More from Wednesday hearing in this report.
November 18, 2021
Business
New load opportunities, new brokers, to flow through 'Convoy for Brokers' platform
The Convoy company is stepping into load-board territory with a new "Convoy for Brokers" program -- offering new load opportunities to owner-ops in the platform from freight brokers other than Convoy's brokerage itself.
November 18, 2021
Business
Cargo theft uptick expected around Thanksgiving
CargoNet warns truck drivers and carriers that cargo theft activity is likely to increase around the Thanksgiving holiday. Also: 12 trucks set to participate in Wreaths Across America convoy from Maine to D.C.; Flatbedder continues acquisition expansion.
November 17, 2021
Channel 19
Broker/shipper contractual shenanigans in practice -- again ...
The conversation around onerous "right of set-off" and other problematic contract language hasn't moved the needle with some of the biggest brokers out there. This example shows a way forward when payment is withheld after a bogus cargo claim -- and more.
November 17, 2021
Overdrive Extra
Correcting the research record around retention/churn with the most important perspective
Clifford Petersen is bringing his long experience as a pro driver to bear in doctoral research that seeks to put the driver's perspective where it belongs -- at the center of the analysis of driver turnover/churn. He needs your help.
November 15, 2021
Business
New trucking insurance models leverage technology to more closely tie pricing to performance
In one case reported in late summer, a 22-truck fleet saved almost 5% on premiums in just a couple of months. Other "insuretech" companies tie in with owner-operator/small fleet telematics and camera data to delivery savings by avoiding massive losses.
November 12, 2021
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Custom Rigs
Ben Cadle's personal 2024 Pete 389, custom-built with Semi Casual assist
Small fleet owner Cadle showed the sharp 389 hooked to a brand-new polished-out Dorsey flatbed that his parallel Trelco Trailers business, leasing and selling trailers, took to the Large Cars and Guitars truck show in Kodak, Tennessee, in May.
Trucking Law
Trucking Law: Marijuana rescheduling impact for pro truckers
Regulations
Timeline for AEBs, broker transparency, other rulemakings in the works
Business
Why brokers don't want to give owner-ops transparency in freight transactions
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BlueParrott B350-XT Headset, One Nation Edition - Heavyweight Noise-Cancellation Meets Lightweight Comfort
