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Business: Page 7
$100,000 fines, jail time proposed as carriers keep hitting bridges in British Columbia
With 35 bridge strikes since 2021, most from over-height vehicles, and many from one particularly egregious fleet, British Columbia drops the hammer. Also: New TMS geared for liquid bulk haulers; Florida Road Team truckers part of "share the road" PSAs.
March 13, 2024
Flexport soliciting Convoy's unpaid carriers to sign back up -- and it's working
Flexport's Convoy relaunch has achieved a shocking success: Recruiting carriers that Convoy had stiffed in October. Here's why carriers are going for it, and what that says about trucking today.
March 12, 2024
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July 16, 2024
Will spot rates respond to rising demand? | FMCSA extends lease-purchase comments
Rates have remained stagnant to date in 2024, yet load-truck ratios rose last week, perhaps portending increases as carriers gain spot negotiating leverage. Also: FMCSA extends lease-purchase contract comments; Utility's first line of Cargobull reefers.
March 12, 2024
Trucker of the Year
Harnessing the wisdom of experience: A hallmark of the best among owner-ops
That's been the case for Overdrive's February Trucker of the Month Doug Viaille, though some of that "expensive wisdom" has been hard-won. In this edition of Overdrive Radio, track back through pivotal moments in Viaille's three decades-plus trucking.
March 11, 2024
Overdrive Extra
Groundhog says it's time to prep for early Spring for owner-operator business
Takeaways from the tough 2023 year have fed emotional disappointment for many owners. But not only that. Biz difficulty triggers too-fast reactions. The management moves needed to secure the business for the long term happen more deliberately, slowly.
March 7, 2024
Business
'We understand the stress and frustration': Flexport responds to Convoy's unpaid carriers
New 'Convoy Platform' owner Flexport offered a way for carriers to "reach out to the parties responsible" for leaving carriers unpaid after Hercules Capital foreclosed on the Convoy digital broker in October 2023.
March 6, 2024
Regulations
DOL’s final independent contractor rule under fire from Congress, lawsuit
A Congressional Review Act (CRA) resolution has been filed that, if enacted, would overturn DOL's rule. A lawsuit brought by a coalition of groups, including the American Trucking Associations, also seeks to stop the rule from taking effect.
March 6, 2024
Overdrive Extra
Welcoming a new partner in owner-ops' start-to-finish resource
Ahead of the Overdrive/ATBS "Owner-operator survival strategies" session at MATS March 22, we're happy to welcome a new partner in our comprehensive guide to running an owner-operator business in Rush Truck Centers.
March 5, 2024
Business
Convoy's unpaid truckers: Where to seek payment?
When Convoy collapsed last Fall, an email went to carriers under a Convoy load that stated, emphatically, "you will be paid for this load." Four months on, for many that's still not the case. What's a carrier's recourse for payment?
March 4, 2024
Regulations
Finance-crimes network's reporting requirements 'unconstitutional': Court
Friday the U.S. District Court of the Northern District of Alabama ruled the Corporate Transparency Act unconstitutional with its new reporting requirements for small businesses, including owner-operator LLCs and other business types.
March 4, 2024
Electronic Logging Devices
FMCSA revokes five more ELDs, as owner-op seeks mandate waiver
FMCSA on Thursday revoked five ELDs from the self-certification list. Also: A one-truck owner-operator seeks an exemption from the ELD mandate due to the cost of compliance; another tech firm petitions to allow mirror-alternative camera.
February 29, 2024
Business
Successful owners tackle detention's time, cost and rates impacts: Two new surveys
The OOIDA Foundation surveyed OOIDA members on various aspects of detention time and rates. The results offer insights about how successful owner-operators are adjusting to challenging times and underscore best practices around costs, revenues, and more.
February 29, 2024
Trucker of the Year
'Expensive wisdom' from decades trucking: Trucker of the Month Doug Viaille
It hasn't been easy over the years owner-operator Viaille has been in business, after learning to haul in the early 1980s. Yet he's learned from every mistake made. Big wins, too. He now pulls a dedicated back-and-forth leased to a bulk hauler.
February 28, 2024
Business
Ikea v. Convoy: Lawsuit reveals glimpse at contract rates, broker margins
Ikea's lawsuit against Convoy reveals freight rates the mega shipper agreed to pay the broker, sometimes well above the average that brokers were paying owner-ops on the spot market at the time.
February 27, 2024
Business
What's your operational cost? ATRI wants to know
ATRI will use the data to compile its annual Operational Costs of Trucking benchmarking report, share with contributors in comparative detail. Also: Volvo VNL, VNR models recalled; TA opens 300th travel center; Shell Rotella hosting gift card promotion.
February 26, 2024
Overdrive Radio
Ways to avoid trouble at the scale house
In this edition of Overdrive Radio, compliance consultant Jeff Davis outlines red flags for truckers that just scream, 'Inspect me!', to roadside officers. Davis offers plenty you can do to avoid inspection, without bypassing the scales entirely.
February 26, 2024
Business
Ikea sues Convoy over unpaid carriers
Convoy is back under new management. While tech founders celebrate their new venture, an interpleader suit from Ikea shakes some skeletons out of the closet after dozens of carriers got stiffed back in October.
February 26, 2024
Business
Convoy load board relaunches under new ownership
Flexport bought Convoy's technology and intellectual property after the digital freight network collapsed late last year. Also: Teamsters call on Kentucky senators to stop autonomous truck bill; New York-based fleet acquired by 3PL.
February 23, 2024
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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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