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Owner-Operators

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July 2013, TruckingInfo.com - Feature

Making Lease-Purchase Work

Selling used equipment to an independent contractor is a good way to boost recruiting potential and recapitalize used trucks, if you’re very careful how you proceed.

By Jim Park

Short of holding a square dance in a minefield, there can’t be many situations as fraught with risk as establishing a lease-purchase program to help build your capacity with grow-your-own owner-operators. The same applies to the driver participating in a lease-purchase program.

Tags: Owner-Operators, Lease-Purchase

July 2013, TruckingInfo.com - WebXclusive

Buy Used, Build Equity

By Jim Park

Here are two things you need to know about buying a truck: it takes big bucks to play with big trucks, and there no such thing as a free lunch. Keep those two things in mind while planning your business strategy and you'll double your chance of success.

Tags: Used Trucks, Owner-Operators

June 2013, TruckingInfo.com - WebXclusive

How Safety Audits Apply to New Owner-Operators

The key to a new entrant safety audit is documentation. You may do all the required steps to comply with the regulations, but if it is not documented, it will appear that you are not.

By Thomas Bray, Editor, J.J. Keller & Associates

If you decide to get your own DOT number and strike out on your own, one regulatory requirement you will need to be aware of is the “new-entrant safety audit.” What do you need to know to get over this hurdle?

Tags: FMCSA, Safety, J.J. Keller, Owner-Operators

June 2013, TruckingInfo.com - WebXclusive

5 Ways to Succeed or Fail as an Owner-Operator

Take off the rose-colored glasses. Life as an owner-operator is an uphill climb with plenty of curves to keep you on your toes.

By Jim Park

Sometimes owner-operators are their own worst enemy. They too often do things to undermine their business – like budgeting based on the best of times, not year-long averages. Or they switch carriers to one promising more home time, only to discover they can't make payment with the truck parked in the driveway every night.

Tags: Business, Owner-Operators

May 2013, TruckingInfo.com - WebXclusive

Five Trends Affecting Today's Owner-Operators

OOIDA's Todd Spencer says the last round of hours-of-service changes cut the number of husband-and-wife owner-operator teams.

By Deborah Lockridge

Owner-operators are far from dead, but the population is experiencing some changes, according to Todd Spencer, vice president of the Owner-Operator Independent Drivers Association, with many of those changes caused by government regulations.

Tags: Sleep Apnea, Driver Shortage, OOIDA, Owner-Operators

May 2013, TruckingInfo.com - WebXclusive

Owner-Operator Seeks Out Truckstop Electrification

Owner-operator Matt Purtee likes it when he can find plug-in shore power at truckstops, but he'll search it out elsewhere, too.

By Truckinginfo Staff

How bad does owner-operator Matt Purtee want truckstop electrification? “Bad enough where I know a few truckstops that have light poles with plug-ins at the base,” he says with a chuckle. “I get to those sites early so I can tap into the power before someone else does."

Tags: Idle Reduction, Truckstops, Owner-Operators, Shorepower

May 2013, TruckingInfo.com - WebXclusive

What To Do If The IRS Comes Knocking

By Colton Lawrence, Equinox Business Solutions

April 15 has come and gone, so you can breathe easy for another year -- that is, unless the IRS decides to audit you and become a major pain in your life. Here's how to handle it if they do.

Tags: IRS, Taxes, Owner-Operators, Equinox Owner-Operator Solutions

April 2013, TruckingInfo.com - WebXclusive

Are Your Driving Habits Feeding Your Fuel Bill?

By Jim Park

Poor fuel mileage can be a make-or-break proposition for owner-operators, and a lot of whether you get 6 mpg or 8 mpg depends on your skills and habits as a driver. Two drivers on two identical trucks can see a difference of up to 30% in fuel economy. Much of that chasm stems from good or bad pedal and stick management, and the driver's willingness to use available technology to his best advantage.

Tags: Drivers, MPG, Fuel Economy, Owner-Operators

April 2013, TruckingInfo.com - WebXclusive

Don't Let Poor Brake Adjustment Catch You Unawares

By Jim Park

While equipment defects are a cause in only a small percentage of truck crashes, brake defects account for a large percentage of the trucks taken out of service. Many of those defects are adjustment issues.

Tags: Brakes, Owner-Operators

March 2013, TruckingInfo.com - WebXclusive

Time’s Up! What To Do If You Need More Time To File Your Taxes

By Truckinginfo Staff

Approximately 7.6 billion hours are spent by businesses and individuals each year on tax compliance -- a workload that could keep 3.8 million full-time workers busy by the IRS’ own estimates. Throw your long hours as a trucker into the mix, and the potential to miss the filing deadline is very real. However, you can file an extension and avoid penalties.

Tags: Taxes, Business, Owner-Operators

March 2013, TruckingInfo.com - WebXclusive

How Does CSA Affect Small Carriers?

The scoring in the system is based on roadside inspections, violations listed on roadside inspection reports, and crash reports.

By Thomas Bray, Editor, J.J. Keller & Associates

Despite all of the folklore that has been built around it, at its core, CSA (Compliance, Safety, Accountability) is simply a program used by the Federal Motor Carrier Safety Administration to track and evaluate carriers based on compliance and crash history. Carriers that do not score well in the system are the ones FMCSA will spend time warning or investigating.

Tags: FMCSA, J.J. Keller, CSA, inspections, Owner-Operators

March 2013, TruckingInfo.com - WebXclusive

Do You Have a DQ File?

By Thomas Bray, Editor, J.J. Keller & Associates

The driver qualifications regulations, which are found in Part 391 of the FMCSA regulations, apply to all interstate drivers and most intrastate drivers that operate a commercial motor vehicle – no matter whether your company employs one driver or 1,000.

Tags: Drivers, Owner-Operators, FMCSA, Recordkeeping

February 2013, TruckingInfo.com - WebXclusive

The 5 Most Overlooked Tax Deductions for Owner-Operators

By Scott Christensen, Contributor

New year - new taxes. That’s what many drivers are thinking after the latest round of tax increases. While you can’t legally dodge taxes, you can trim them. The options for doing so may have even been under your nose your entire trucking career.

Tags: Owner-Operators, Equinox Owner-Operator Solutions, Taxes

February 2013, TruckingInfo.com - WebXclusive

How to Set up a Maintenance Program that Will Keep FMCSA Happy

By Thomas Bray, Editor, J.J. Keller & Associates

Whether you have one truck or 20,000, the FMCSA's maintenance regulations apply to you. The safety and compliance experts at J.J. Keller have tips for owner-operators and small fleets on how to develop a maintenance program that will meet federal standards.

Tags: Maintenance, FMCSA, Owner-Operators

January 2013, TruckingInfo.com - WebXclusive

Getting Your Trucking Business Ready for Tax Season

By Colton Lawrence, Contributor

Have you been trucking since 1912 or earlier? If so, you are a true trucking pioneer, have an incredible fitness regimen and once earned an income without paying the Internal Revenue Service a dime

Tags: Business, Owner-Operators, Taxes

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