
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.
Read More →While capacity is important, the DOT's new CSA enforcement regime and ever-nosier agencies like the IRS make it clear that you simply can't take people that need to be led by the hand into a lease-purchase program.
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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.
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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?
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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.
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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."
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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.
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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.
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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.
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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.
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