Research by the Peterson Institute for International Economics found that 4.4 million businesses were formed last year — 24% more than 2019’s numbers. Yet for many people this meant staying at home and working remotely. For those not suited to office work and with experience driving vehicles commercially now might be a good time to get into […]
Business experts are optimistic about trucking in 2021 and truckers could not be happier for it. The trucking industry went through an unprecedented 2020 with ups and downs at the beginning of the year and incredible rate spikes from the middle of the year and on. Many companies closed their doors in the first and […]
Do truck drivers make good money? This question comes up frequently and is usually asked by people who don’t drive semi trucks or are considering getting their CDL. This isn’t an easy question to answer unless we get into some details, which is precisely what I’ll be doing here today. The short answer to “do […]
Things are getting better in the freight markets! This is indeed great news. Rates are increasing, tonnage is increasing, freight availability is improving. This exactly why we’ve been telling truckers they need to keep on truckin‘. Let’s look back a few months. Things were bad. Lots of trucks on the road, very little freight. The […]
A Tale of Two Truckers is about two drivers who couldn’t be more different from each other. One makes money, the other does not. One listens to dispatch, the other one doesn’t, and pays dearly for it. Both clients have signed up with our truck dispatch service at about the same time. One trucker is […]
How was your second half of 2017? How was your fourth quarter? I hope it was good. It was pretty great for some of the largest carriers in America. It was really great for us. I remember reading in a report the other day that the average spot market rate went up by 35%. That is huge! Ours was more like 50% more money which was fantastic since expenses stayed the same.
National Van Rates Break Records in January 2018. To be more precise, the average van rate for January 2018 was just a tad over $2.25/mile. That is not bad at all for an "average" rate. Imagine if you were working with a dispatch company who consistently booked you at an "above-average" rate per mile.
Compared to December 2017, just a month prior, when prices were already beginning to increase once the ELD mandate hit the books, prices were up an average of
So earlier I was reading an interesting article on Overdrive about the new tax plan. More importantly how it will affect the trucking industry and all the independent owner operators.
In this post I simply wanted to quickly look at these changes. I am not a tax professional by any means and always recommend using one for your personal and business finance management.
Here's what I learned about
Long-haul trucking or freight transportation is the lifeblood of America. In Russia, it's all about the rail system, but in the U.S., it's all about the highway system.
Over the years with all the ups and downs of the freight transportation market, I often wondered what is it that drives the cost of freight transportation? When diesel prices decline, brokers are quick to point this out as the driver of the much lower linehaul price. Diesel prices go down, this affects diesel surcharge rates, and so clients pay brokers less money with which brokers need to make a profit.
I guess that makes sense. But I wasn't satisfied and so I dug a bit deeper. What are these elusive freight transportation cost drivers?
Today I want to talk about Fuel Cards, which one to go for, what’s the best way to fund it, and what to watch out for. In our attempts to save money on fuel, we went through several different fuel cards and companies and settled on one. By the way, I don't care what they tell you, you can only have one.
The company we decided to go with is England Carrier Services (ECS). The card is through Fleet One and is free and has no limitations. There are no transaction fees either. There is however a monthly fee of $6 so make sure you fill up at least 300 gallons per month to make it worthwhile.