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Partners in Business
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Latest Stories: Page 4
Overdrive Extra
The double brokering slow burn -- how it happens, and how to fight back against it
Contributor Matthew Patrick, with a small fleet/broker in the Northeast, outlines a particularly efficient flavor of double brokering he's found that often goes undetected, sinking rates for real carriers involved in these schemes, reducing profits.
August 8, 2023
Partners in Business
How owner-operators can catch up on bookkeeping, one week at a time
There's a self-motivating aspect of engagement with real-time business information. The task of bookkeeping is best done day by day, rather than months in arrears. If you need to catch up, though, here's how to do it to obtain the biggest real-time bonus.
July 26, 2023
Partners in Business
Know your tax deductions to save your business thousands
Your investments' worth when it comes to the tax code can save you thousands when your annual tax bill comes due. Know the various deductions available to trucking companies and drivers.
July 5, 2023
Overdrive Extra
Not all cargo insurance is created equal
W. Joel Baker spells out the finer points of cargo-insurance coverage and just what your broker/shipper customers are requiring of your insurance policy. More importantly, the right coverage could save you in the event of an accident.
June 28, 2023
Overdrive Extra
Parasitic costs: 15 ways to eliminate and save, build value as an owner-operator
Negative press when it comes to economic conditions can easily overwhelm and discourage hope for success, sapping owner-operators' energy away from critical tasks. Here's a bevy of savings, income opportunities you may be missing in the process.
June 20, 2023
Overdrive Radio
How to master work-life balance while trucking over-the-road
This week's Overdrive Radio features our in-depth talk with Adam Wingfield and Jason Cowan on processes that can help owner-operators and small fleet owners find better balance long-term.
June 19, 2023
Business
Same old spot market or 'totally different world'?
Plenty eschew the personal in the owner-op/broker relationship, seeing it only natural in a down market that a broker might cancel over $50 on a rate. Others see fundamental changes for the worse this cycle. Also: Rate-negotiation tips for the long haul.
June 8, 2023
Business
In a tough spot market, strong relationships with those who feed you will pay off
Fewer loads available, too many truckers competing for those loads. Such has been the case in recent times. As the market hits bottom, relationships with brokers or direct shippers is more important than ever.
June 8, 2023
Business
Do owner-operators need to worry about credit scores?
With loan interest rates up dramatically over the last year, most Overdrive readers report having a fantastic credit score. But the score itself isn't all you have to worry about when negotiating a new truck or other business loan.
June 1, 2023
Partners in Business
How to find freight when nobody else can
This portion of a PIB roundtable talk touched on current freight-market difficulties and the various tactics owner-operators can take to strengthen relationships with all freight partners, from brokers and carriers to shippers and receivers.
May 31, 2023
Overdrive Radio
Owner-operator evolution in 'Partners in Business': Roundtable
This wide-ranging discussion with Red Eye Radio's Eric Harley, ATBS' Mike Hosted, and Overdrive's Gary Buchs keyed in on vital aspects of owner-operator business practice, from basic task management to make-or-break of cost/revenue numbers engagement....
May 28, 2023
Business
The work-life balancing act: With rates down, focus on family, customer relationships
Rates are down, costs are up, making work-life balance seem like an unattainable luxury for many owners. But two trucking success stories say that investing in strong relationships, family and otherwise, is actually just what this market calls for.
May 25, 2023
Partners in Business
How to prep for the downturn as an owner -- it's always right around the corner
"When you shut that key off" as a truck operator, "learn to use that time as an asset" to focus on your business acumen as the owner -- and stay ahead of the worst of trucking times that will inevitably arrive.
May 24, 2023
Overdrive Extra
Deception wreaks havoc ... again!
Insurance agent W. Joel Baker expands on a prior story warning against omission or outright deception in insurance contracts in efforts to rein in premiums. It's always best to be up-front and make timely updates to avoid claims being denied.
May 17, 2023
Partners in Business
Sharpen your trucking business performance
There's help out there, ranging from one-on-one business coaching to Overdrive's Partners in Business manual, and much more.
May 10, 2023
Partners in Business
Take control of your variable cost per mile, fixed costs and more
Understanding basic principles of operating costs can save owner-operators thousands of dollars a year. Here, find a few principles that can set you on the right path.
May 3, 2023
Overdrive Extra
$240K at nearly 9% interest on a new truck: Deal or no deal?
Truck ownership wasn't supposed to be this hard. Or maybe it was? En route to a planned truck replacement, owner-operator Matthew Mickenberg crunched the numbers, thought hard, and made a big re-evaluation of how his one-truck business should look.
April 25, 2023
Overdrive Extra
More ways to vet brokers to combat fraud, double brokering
Double brokering and other fraud in spot freight transactions is dragging down rates through misrepresentation/skimming, and in some cases outright theft. At MATS, yet another tool in the arsenal emerged.
April 18, 2023
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