Owner-operators

Small Fleet recap: Can owner-operators make more money giving up big rigs?

uShip CEO Kris Lamb, right, with FreightWaves CTO Daniel Pickett.

This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit on Wednesday.

FIRESIDE CHAT TOPIC: Should owner-operators downsize in this market?

DETAILS: With the spot rates falling as fuel costs soar in recent months, many independent owner-operators are under pressure. One industry executive thinks they should consider swapping their Class 8 trucks for something smaller. 

SPEAKERS: Kris Lamb, uShip’s CEO, and Daniel Pickett, FreightWaves’ chief technology officer. 

BIO: Lamb...

https://www.freightwaves.com/news/small-fleet-recap-uship-owner-operators-big-rigs

Small Fleet recap: Making the transition from company driver to owner-operator

This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit on Wednesday.

FIRESIDE CHAT TOPIC: Starting a trucking company.

DETAILS: Jamie Hagen of Hell Bent Xpress sits down with James “The Rooster” Bowen from Back the Truck Up to talk about starting a trucking business. From knowing how to begin the process to calculating cost of operations to becoming “fully legal,” they cover the bases for someone wanting to become an owner-operator.

SPEAKER: Hagen is the owner of...

https://www.freightwaves.com/news/small-fleet-recap-making-the-transition-from-company-driver-to-owner-operator

FOSC chat: Truckstop.com’s Hutto talks data and transparency

Truckstop.com booth at FreightWaves' Future of Supply Chain

This fireside chat recap is from Day 1 of FreightWaves’ The Future of Supply Chain live event being held in Rogers, Arkansas. For more information and content from the event, click here.

FIRESIDE CHAT TOPIC: Data, brokers and freight transparency.

DETAILS: FreightWaves founder and CEO Craig Fuller welcomed Brent Hutto of Truckstop.com on the stage to discuss how the freight brokerage model has changed over the years, why participants are clamoring for data, and how companies like FreightWaves and...

https://www.freightwaves.com/news/fosc-chat-truckstopcoms-hutto-talks-data-and-transparency

FreightWaves Classics: Evans Delivery has grown from its first two trucks

The Evans Network of Companies logo. (Image: Evens Network of Companies)

Overview 

Evans Delivery Co. was founded by Albert L. Evans, Sr. in 1939. His company began with two trucks handling less-than-truckload (LTL) freight in and around Pottsville, Pennsylvania, which is now about two hours northwest of Philadelphia. 

The company continued to grow in the regional LTL market and gradually expanded its operational area throughout Pennsylvania, as well as into New Jersey, New York and Maryland. In 1973, Evans Delivery began intermodal services to serve the steamship...

https://www.freightwaves.com/news/freightwaves-classics-evans-delivery-has-grown-from-its-first-two-trucks

What causes the booms and busts of the trucking cycle?

The boom and bust cycle of trucking. (Photo: Jim Allen/FreightWaves)

Trucking is a massively cyclical industry. 

How is it possible to have a “driver shortage” and a capacity glut at the same time? 

This is a common refrain that I hear when talking about a slowing freight market. The reality is that the “driver shortage” doesn’t mean what most people think it means. 

First, we need to differentiate between the freight market and trucking companies. Trucking companies participate in the freight market, but are not the “market.” 

Trucks being loaded at a dock. (Photo: Shutterstock)Trucks being loaded at a dock....

https://www.freightwaves.com/news/what-causes-the-booms-and-busts-of-the-trucking-cycle

Truckers: Shuttered Central Freight Lines still owes them escrow, maintenance funds

Owner-operators and independent contractors say Central Freight Lines still hasn’t refunded thousands of dollars in escrow or maintenance account funds that were withheld from their paychecks and that they are still owed quarterly safety bonuses. 

Moreover, they say, no one at CFL has been returning their calls since the LTL carrier shuttered operations in mid-December.

A source familiar with the company told FreightWaves that up to 100 owner-operators and independent contractors have not...

https://www.freightwaves.com/news/truckers-shuttered-central-freight-lines-still-owes-them-escrow-maintenance-funds

Loaded and Rolling: ATRI on driver satisfaction; trailer material shortages; carrier income at record levels

ATRI research on truck driver motivations and satisfaction
(SOURCE: American Transportation Research Institute)

The American Transportation Research Institute released results on its analysis on what motivates truck drivers to become company drivers or owner-operators/independent contractors (OO/IC). The data came from over 2,000 drivers, two-thirds of whom are OO/IC, and includes additional analysis on compensation models and driver satisfaction. Quick rundown of results below and full report h...

https://www.freightwaves.com/news/loaded-and-rolling-atri-on-driver-satisfaction-trailer-material-shortages-carrier-income-at-record-levels

Commentary: Trucking vs. the diesel shortage

Throughout the last several months, the steady increase in diesel fuel prices has created a hectic pricing environment in the freight industry due to the inability to accurately factor in fuel costs for bidding months, or even weeks, in advance of hauling the load. This inconvenience already has the potential to be very costly, but what if the driver is turned away at the station where he or she intends to refuel because there is no diesel at the pump? Yes, this is a real possibility in today’s...

https://www.freightwaves.com/news/commentary-trucking-vs-the-diesel-shortage

CloudTrucks secures $115M to ‘lower the barrier of entry’ for drivers

Technology-enabled trucking company CloudTrucks announced Tuesday it raised $115 million in series B funding led by Tiger Global with participation from Menlo Ventures and previous investors including Caffeinated Capital, Craft Ventures, Khosla Ventures, Abstract, BTV and Kindred Ventures. 

The round also included investment from freight forwarder Flexport and angel investors Eric Wu, CEO of Opendoor, and Michael Ovtiz, former president of The Walt Disney Co. 

The trucking company has raised a...

https://www.freightwaves.com/news/cloudtrucks-secures-115m-to-lower-the-barrier-of-entry-for-drivers

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