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Large trucking companies have widely offered online shipment tracking, allowing customers to check the status of their shipments at their convenience on services such as Swift Load Tracker, JB Hunt Quick Load Tracking, or Prime Load Tracing. Carriers have been hugely successful in using these systems to attract new customers, since shippers and consignees have come to expect the instant tracking updates that were popularized by FedEx and UPS. Tracking technology has been slow to trickle down to smaller fleets, as the cost of setting up and maintaining the infrastructure is typically in the tens or hundreds of thousands of dollars per year.

Owner-Operators have suddenly turned the tables in the past month, offering their customers an online tracking system that displays the exact location of their shipments, along with images of the freight and shipping documents. How? Drivers are downloading “See It Ship,” an app that uses the GPS and camera built in to smartphones to create an advanced shipment tracking system that operates from the driver’s own phone. Drivers simply give their shipment a name, and their customers receive a link to a map that shows the shipment’s location, as well as any images of shipping documents or freight that the driver uploads.

We really like the idea of independent truckers having free access to a technology that goes beyond what mega carriers are using. Let us know if you hear of other apps that help owner-operators.

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As more and more truckers dive into the computer age, their reliance on technology to enable them to operate smarter has increased dramatically.  Regardless of whether you’re a fleet driver hoping to keep tabs on your miles, reimbursements, and logs, or an independent owner/operator that needs an all-in-one solution, there’s a software application for nearly everyone.

Until now, software applications came in one form — programs — that installed on your computer’s hard drive and were updated with manual data inputs.  Recently, however, a new phenomenon has begun to show up in the computer world — cloud computing.  Instead of installing on your computer’s hard drive, the user of a cloud application will access their account via the Internet by logging into their account and entering relevant information online.

Access to these cloud networks is restricted to those users with an Internet connection, but with a wireless connection as close as the nearest truck stop, rest area, or cellular telephone hookup, truckers can access their online accounts more easily than ever before.  In addition, cloud applications also enable truckers to reach information about their business anywhere they have access to the web — from any computer.

Features

Depending upon which software solution you decide upon, there are a variety of features available in the different trucking software offerings on the market.  Some of the more common features include:

Income and expenses by trip –  Because managing your cashflow is dependent upon keeping tabs on your income and expenses, the overwhelming majority of the trucking software applications utilize a per trip recording interface — which makes the most sense because that’s how you generate income and incur expenses.

Electronic Log Books (e-logs) — While you may still prefer keeping paper logs, many of the software programs have features that allow you to input you log data for electronic logbook record-keeping and compliance purposes.  Some will make note of e-log errors and will automatically generate “gotcha” letters, which gives you the opportunity to correct any errors before an enforcement officer does it for you during a roadside inspection or during a D.O.T. compliance review.

Settlement Reconciliation — Reconciling settlement sheets can be a time-consuming process when done manually, but by entering information from settlement sheets, your computer can cross-reference information previously entered in other sections of the software to ensure that all expenses have properly been reimbursed by your carrier.

Customer Records — One of the biggest challenges owner/operators face is keeping track of their customer information.  Most trucking software applications offer you the ability to maintain customer records, either through a basic software feature or through an upgraded version of the software.

Driver Records — While many owner/operators are one-man (or woman) operations, some owner/operators need to maintain driver records for a hired co-driver or other drivers that they employ.

Fuel Reports — You may be hundreds or thousands of miles from home, but you’re still responsible for maintaining accurate records of your trips so that you can file fuel reports.  This feature gives you the ability to compile the necessary information to compile your fuel reports, while minimizing your expenses.

IFTA Reports — Any driver that has ever spent hours reconstructing trips in order to comply with IFTA mileage reporting requirements knows that this can be a real pain in the neck.  However, IFTA reports are easier to generate because some of these trucking software applications take information from your trip sheets and automatically export it to the IFTA reporting feature of the software — freeing you to drive.

Truck and Trailer Maintenance Records — Not only are good maintenance records critical to your ability to properly maintain your equipment, it is also important for D.O.T. compliance purposes.  Another reason that this is important is because your equipment will eventually be traded-in for newer equipment — and accurate record can help to ensure that your trade-in allowance is as high as possible.

Dispatch software – It’s no secret that the larger your fleet, the greater your need for software with greater performance capabilities.  Having the ability to handle all aspects off truck and load dispatching is critical to your success – and dispatch software provides many of the features that can enable you to manage all of the moving parts of your business so that your business can operate much more efficiently. [click to continue…]

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Regardless of  how good your driving record is or the fact that you haven’t filed any insurance claims, about once per year you go through the never-ending cycle of seeing your trucking insurance premiums increase.  While many of the reasons for insurance premium increases are out of your hands, there are some things you can do to improve the chances that your trucker insurance increases don’t outpace your ability to pay.

1) Police your driving record — The cost of your semi truck insurance is directly tied to your driving record.  While you might like getting out into the hammer lane and flying past all the other slow-pokes on the road, tickets (and increased risk of accidents) often follow.  Your driving record is critical to keeping your truck driver insurance premiums in check, so avoid tickets like the plague.  If you get one, do your best to minimize its impact.  Since it has gotten much more difficult to make tickets “disappear” with the help of a good lawyer, your best bet is to slow down and avoid getting them in the first place.

2) Protect your credit — What does your credit have to do with your insurance rates?  Plenty.  Many insurance companies have begun assigning risk scores to their customers and potential customers based upon a variety of factors, including age, marital status, and credit scores.  You may disagree with the policy, but insurance companies argue that customers with lower credit scores also tend to be less careful drivers.  Some states don’t allow this practice, but many do.  If yours does, simply paying your bills on-time can help you to save money on your truck insurance. [click to continue…]

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For some, the pull of the open road starts early, tugging at them while they’re still kids with the “come hither” appeal of a particularly attractive member of the opposite sex, and millions have answered that call.  For thousands of drivers, driving for the company isn’t nearly enough, and they want the full experience of being in business for themselves.  However, many would-be owner-operators have to face the harsh reality that financial skeletons in their closets have put their dream out of reach until their credit situation improves.

Recognizing the demand for a viable alternative, many trucking companies have put together lease purchase, lease option, and drive-to-own opportunities for drivers unable to pursue their dreams through more traditional financing sources.

The question is: Does leasing a truck from a carrier ever make financial sense for the driver — or should you avoid all of them like the plague?

The answer to that question depends upon your individual circumstances — and whose message you choose to believe.

The Carrier

From the carrier’s perspective, leasing a truck makes perfect sense for those drivers who are credit-challenged or have a lack of down payment money and other start-up costs.

Carriers have heavily marketed lease opportunities to would-drivers as a short-term path to truck ownership, and thousands of drivers have taken the bait.  While the terms vary from carrier to carrier, carriers claim that leases benefit drivers in a variety of ways, including:

  • Low Down Payments (in some cases — no down payment)
  • Low deposits
  • No long-term commitment
  • Opportunity to drive up-spec equipment
  • Pride of Ownership
  • Relaxed credit standards (in some cases no credit checks)
  • Lease completion incentives (cash back, lease buy-outs, etc.)

This gives lease operators the chance to experience first-hand the perks of ownership, while limiting their financial risk.  Many carriers advertise their leases as being “walk-away” leases, meaning that the driver can simply walk away from their lease obligation if for some reason things don’t work out.

Driver Advocacy Groups

Driver advocacy groups have a different take on carrier-sponsored semi truck lease opportunities.  Some, such as the Owner-Operator Independent Drivers Association (OOIDA) have successfully filed class-action lawsuits on behalf of drivers who have fallen prey to unfair or illegal carrier leasing practices.

In recent years [click to continue…]

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Regardless of whether you’re a starry-eyed rookie driver or a grizzled veteran with a million safe miles under your belt, you’ve at least considered the possibility of giving up the security of a guaranteed weekly paycheck for the chance to live the entrepreneurial lifestyle as an owner/operator.  This is an achievable goal, but before you pick out a new truck and kick your current employer to the curb, you need to ensure that your ducks are in a row and you have set yourself up for success in what is a highly-competitive business environment.

In order to put yourself firmly on the road to success, there are a number of critical decisions and self-assessments that need to be made.  While failing to take all of these steps doesn’t guarantee that your new venture is destined for the trash heap, following this roadmap does dramatically increase the chances that you will look back on this time with fond memories.  So use this guide as a general framework around which to build a profitable, self-sustaining business. [click to continue…]

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