Becoming an Owner Operator: Financial Considerations

Financial Planning Image

You’ve taken into account the personal considerations (family, health, etc.) of becoming an owner operator and have obtained—or are on the way to obtaining—your commercial driver’s license (CDL). That means it’s time to tackle your finances and form a business plan that will ideally prevent you from going bankrupt within your first year on the road. Trucking Equipment […]

5 Factors Impacting Your Trucking Insurance Premium

Trucking Insurance Premium Image

Background On March 1, 2016, WRAL Investigates reported that North Carolina Insurance Commissioner, Wayne Goodwin, is pressing state lawmakers to tighten regulations over commercial vehicle insurance. His reason being, out-of-state trucking companies claiming in-state residency to obtain North Carolina’s lower insurance rates. In fact, NC boasts some of the lowest vehicle insurance rates in the […]

Food Haulers Directly Affected by Next FSMA Rule

Reefer Trailers Image

Food Safety Modernization Act (FSMA) Overview Congress passed the FSMA in December 2010, and it was signed into law by President Obama in January 2011. The law increased the U.S. Food and Drug Administration’s (FDA) power by allowing the FDA to focus on preventing food safety problems rather than simply responding to them. Final Rule Timeline To […]

Becoming an Owner Operator: CDL 101

owner operator

Welcome to Part 2 of our Becoming an Owner Operator series. Assuming you’ve read our previous post on the personal considerations one must take before committing to a life as an owner operator, you’re next steps are obtaining a Commercial Driver’s License (CDL). Step 1: Pass the DOT Physical Before you can even apply for a commercial learner […]

Captive Insurance: Take Control of Your Insurance

Captive Insurance Image

Often perceived as an option solely for Fortune 500 companies, captive insurance companies are becoming more accessible than ever for small- and mid-size companies. What is an Insurance Captive? For those considering joining a captive program, it is essentially an insurance company. The captive operates like a commercial insurer; however, the insureds are oftentimes key players in […]

Tax Deductions for Truck Drivers

Caution Taxes Ahead Sign

Did you know that truckers can usually deduct more than 100 items from their taxes? The IRS recognizes truck drivers take on an unusual amount of business expenses and offer multiple tax deductions. With tax season now in full swing, we here at Truck Writers want to make sure all truckers are aware of these possible […]