The Importance of Reading Your Operating Agreement

Trucking Equipment Image

The operating agreement between a motor carrier and an independent contractor is the lifeblood of the relationship. At stake are many legal and regulatory issues; not to mention the mutual profitability of both parties. What is an Operating Agreement? In simple terms, the lease/contract defines the parties involved and what the obligations are of each party. […]

10 Steps to Becoming an Owner Operator

Becoming an Owner Operator Image

For the last year, our Becoming an Owner Operator series aimed to help those interested in becoming an owner operator navigate the ins and outs of the trucking industry. Here are our 10 steps to becoming an owner operator: Step #1 Evaluate Your Personal Considerations Whether you’re an individual considering a career that allows you to […]

Becoming an Owner Operator: Invoice Factoring 101

Factoring Process Diagram

This week’s post aims to explain the benefit of factoring to an owner operator’s operation. Unfortunately, it only pertains to those who have chosen to operate under their own authority. However, it never hurts to take a read, especially if obtaining your own authority may be in your future. What is Factoring? According to the Business Dictionary, […]

Becoming an Owner Operator: Leasing vs. Operating Authority

Leasing or Operating Under Own Authority Image

To begin, there are two classifications of owner operators; those who are leased to a company and those who operate under their own authority. This post will discuss the differences between the two in an effort to help those of you just starting out determine what will work best for your lifestyle and financial situation. Leasing […]

Becoming an Owner Operator: Trucking Equipment

If you read last month’s post on financial considerations of becoming an owner operator, we assume you’re now trying to figure out how to buy–or afford–trucking equipment. Purchasing trucking equipment is arguably one of the most frustrating and exciting aspects of becoming an owner operator. Not only does one need to consider his or her […]

Becoming an Owner Operator: Personal Considerations

Owner Operator Family

With a driver shortage continuing to plague the trucking industry, now is best time to become an owner operator. However, whether you’re an individual considering a career that allows you to travel across the country, or you’ve been driving a motor carrier’s rig your whole life, there are many things to consider and tasks to accomplish before […]