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The 9 Biggest Owner-Operator Truck Driver Expenses

2024-03-15T13:52:28+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 $100,000 to $150,000. The United States trucking industry is expected to grow by 3.0% annually through 2027. However, an owner's expenses may mean they operate within a small profit margin, limiting their earnings. It's critical [...]

Double Brokering & How to Spot It

2024-01-31T19:00:37+00:00Freight Brokers, Owner Operators, Trucking Business Success, Trucking Company, Trucking Industry News|

Tight capacity in the spot market and economic hardships have led to double brokering schemes rising rapidly. In this article, we discuss double brokering and why carriers should be vigilant in vetting brokers. What is Double Brokering? Double brokering occurs when a shipper hands off their freight expecting a broker [...]

How to Calculate Your Trucking Cost Per Mile

2024-03-15T13:43:21+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 [...]

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