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Double Brokering and How to Spot It

2024-07-12T13:13:59+00:00Freight Brokers, Owner Operators, Trucking Business Success, Trucking Company, Trucking Industry News|

The Department of Transportation (DoT) defines double brokering as the illegal act of creating a deal involving two or more licenses. These arrangements are common in the United States transportation industry. The DoT argues that at least 70% of the loads on the Load Board experience double brokering, which leads to [...]

The 9 Biggest Owner-Operator Truck Driver Expenses

2024-08-20T09:09:35+00:00Cash Flow Tips, Fuel Cards, Owner Operators, Trucking Business Success|

If you are or want to become an owner-operator, you’re in good company. The average owner-operator’s annual income ranges from $125,000 to $340,000. The United States transportation and material moving industry is expected to grow faster than average through 2032, with about 1.9 million openings yearly. However, an owner’s expenses may mean they operate within a small profit margin, limiting their earnings. [...]

How to Calculate Your Trucking Cost Per Mile

2024-07-12T13:30:48+00:00Cash Flow Tips, Fleets, Fuel Cards, Owner Operators, Trucking Business Success, Trucking Company, Trucking Industry News|

Calculating your cost per mile is essential for determining whether you are charging enough for hauling a load. Knowing and understanding how to calculate cost per mile can help ensure you do not lose money. Truck drivers can go out of business if they don't calculate their average cost per mile, which is [...]

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