Owner-operator

Semi-Stow rebrands as Outpost, raises $12.5M

Commercial vehicle parking and storage provider Semi-Stow announced Tuesday it has rebranded itself to Outpost and has raised $12.5 million in Series A funding led by GreenPoint Partners with participation from Speedwagon Capital Partners.

The United States currently has approximately 313,000 truck parking spaces for a populace exceeding 3.5 million active drivers. This translates to about one spot for every 11 drivers. This shortfall creates a scenario in which over 70% of drivers break federal...

https://www.freightwaves.com/news/semi-stow-rebrands-as-outpost-raises-12-5m

Truck drivers: FMCSA wants to see your leasing agreement

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WASHINGTON — If you’re a truck driver and have a lease agreement with a trucking company, federal...

https://www.freightwaves.com/news/truck-drivers-fmcsa-wants-to-see-your-leasing-agreement

How does the freight market really look right now for owner-operators?

A driver steps up into the cab of a Class 8 tractor.

If you’re an owner-operator, chances are 2021 felt pretty good to you. 

Stimulus money padded consumer pockets, and many companies turned a bit frothy. It was one of the longest stretches of so-called easy money periods in history. If you wanted to move a lot of freight, it’s likely you were able to. And with spot rates reaching historic heights, it’s likelier still that you were paid well for doing so. Sure, fuel costs climbed steadily throughout the year, but that felt manageable. Your...

https://www.freightwaves.com/news/how-does-the-freight-market-really-look-right-now-for-owner-operators

Insurance basics: Becoming an owner-operator

It takes a great deal of confidence and a little bit of know-how to become an owner-operator. Ditching the fleet life for a sweet life on your own can be liberating for drivers possessing an autonomous mindset. But traversing the freight landscape solo has its own set of challenges, too. 

In fact, being at the helm of your own operation can also be overwhelming for those not quite sure where to start, especially when it comes to insurance.

Jordan Chastain, Reliance Partners’ senior vice president...

https://www.freightwaves.com/news/insurance-basics-becoming-an-owner-operator

Survey: 30% of drivers fully satisfied with their ELD

Road Hunter surveyed its app users for ELD provider information.

Based on a recent survey, there is a market for potentially 70% of truck drivers surveyed to switch electronic logging device (ELD) providers, said Road Hunter founder Mikhail Dzarasov.

In an interview with FreightWaves, Dzarasov said he conducted a survey among Road Hunter’s app users to find out more about their ELD providers with the intent to form new partnerships with major providers. Those strategic partnerships, he said, would enable Road Hunter to give its users more useful information. 

D...

https://www.freightwaves.com/news/survey-30-of-drivers-fully-satisfied-with-their-eld

Commentary: With PPP loans ended, what comes next?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.       

Motor carriers form the most competitive mode of transportation. 

This is because there are so many independent players, and the mode is relatively easy to enter and exit. A tractor and a commercial driver’s license (CDL) are enough to make someone an owner-operator. 

In this way the owner-operator is a sole proprietor of a small business, either working...

https://s29755.pcdn.co/news/with-ppp-loans-ended-what-comes-next

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