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Showing posts with label freight rates. Show all posts
Showing posts with label freight rates. Show all posts

Wednesday, November 23, 2016

New Trucker Mistakes

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New Trucker Mistakes
New Trucker Mistakes
It’s no doubt that an influx of truckers enter the industry every year - it’s undeniable, the turnover rate in this industry can be overwhelming. Unfortunately, sometimes the system that feeds negativity into itself - new drivers hear disheartening information and carry this on their shoulders. After a while, the attitude can sour a driver.

Learning The Wrong Stuff From the Veterans


If you’re new, you need to learn the ropes from those that know them. Sure, school teaches you the rules, but putting these techniques into practice teaches you how they work in the practical sense. Someone who has backed their trailer in a thousand times can offer advice you may have missed.

As far as rookie drivers go, you should apply your learnings to the logic of seasoned drivers, picking up the safe and time-saving tricks and tips they offer. However, be sure to shrug off any unsafe shortcuts.

According to what one trucker told Business Insider, you’re getting ripped off if you’re less than 33 cents a mile.

If new drivers need to learn anything, it’s the livable rates they should earn for driving. Nobody wants to be ripped off, but the risk is high for truckers.

Just remember, if something is too good to sound true, it is!

Rushing Into It Without a Plan


It’s tempting to push through your training, ready for the actual job. But think about it - you don’t want to land a gig and find out that you are clueless! Sure, you will feel a little lost when you start a new job regardless, but you don’t want to leave your training without a clue!

Sure, you’re ready to drive - but make sure you’re not desperate. Desperation can lead new truckers to do reckless things, and that’s the last thing we need.

According to some seasoned drivers, new drivers are so green that they don’t understand that leasing trucks come with a significant cost of maintenance and overhead. When young drivers end up in this situation, they can have very little to show for it.

If you’re spending $900 a week on your truck, and find yourself barely able to afford ramen noodles, you need to rethink what you’re doing here!

Perpetuating the attitude, when you get started at your new company, you were introduced to a grizzled, older trucker who seems unphased by your presence. He probably doesn’t care about you - that you knew from the moment he grumbled something under his breath and walked off.

Don’t be that guy. I mean, everybody has bad days - that’s unavoidable. But you don’t want to be the one who perpetuates the poor attitude trope. You don’t have to be pure sunshine, but communicating in a likable fashion allows you to build relationships as you progress in your field.

Ask questions, be honest with your coworkers, and win them over with competence and openness. What you bring with your positivity will help you as an earner, and provide an example for other truckers.

With the right attitude, you’ll even avoid driver burnout.

Getting Burned Out


Some people get into trucking as a temporary way to earn some cash until they figure out their next venture. That’s fine! But If you want to last in this industry, you need to take care of yourself and keep a nice environment.

Taking care of yourself means a few different things. First, whether you’re an owner-operator or a company driver, if you drive local or OTR, you should go out of your way to work (and possibly live) in a nice, clean truck.

Other burnout prevention methods just happen to cross paths with health and hygiene tips, surprisingly. If you want to keep a sound mental state, find ways you can relax in your downtime.

Don’t get too relaxed, though! You should also find ways to improve your food and fitness routines!

One of the worst mistakes you can make is not e-filing your Form 2290 when the deadline rolls around - or when you purchase a new truck.

With ExpressTruckTax, e-filing HVUT is not only easy, it’s fast, safe, and supported by a great U.S.-based customer satisfaction team. E-file with us and we’ll answer any and all questions you may have.

So for all of our new truckers, let this be your year to be the best trucker ever!

Related Blog: 3 Reasons You're Not Cut out to Be a Trucker


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Friday, January 14, 2011

Riding The Freight Rates Roller Coaster

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Featured Blogger
Benjamin Bellville
If you are planning to start a small trucking company you will need to understand the way freight rates work. Without knowing the cycle of things you might just be in for a surprise that will come up behind you and mug you out of the blue. In other businesses the scheme of things work on supply and demand more so then they do in trucking. Here’s what you can look forward to.

Don’t get me wrong I’m not trying to create a sense that going into the trucking business is a mistake, I’m simply not going to sugar coat it like so many people do. By knowing how things really work you will be better prepared for the volatility that goes hand in hand with trucking. While the rewards can at times be fruitful, at other times it’s similar to ramming your head off a brick wall continuously. You have to be stubborn and have a firm backbone to survive these times or you might go mad.

When you read reports that freight tonnage is on the rise in America you might get a little excited thinking that immediately you will start seeing higher freight rates, but that is false hope. Like seasons of the year trucking runs on a cycle. It’s not set in stone when these cycles will kick in, but once you get the feel for it you can adjust your operations accordingly to make it through the rough patches easier.

Usually it takes 2-3 months for freight rates to rise when consumption is on an incline. Your main cost involved with moving freight is of course fuel. Fuel prices have no rhyme or reason and more often than not when freight rates are down the oil companies are looking to maintain profit by raising their prices. I know it makes no sense, but this is normally how it happens. As freight rates start to rise and trucking companies begin buying more fuel then the price of fuel will drop again, but much slower than the time it took to rise.

Because of this effect what happens is there are several sweet spots throughout the year that are short lived pockets of higher profits. The freight rates rise slowly and the fuel prices fall slowly and eventually meet at a point where they float for a moment in perfect harmony.

When you learn to get the feel for this happening then you can be ready to jump on the market like an old school fake wrestler off the top rope. Don’t get discouraged, trucking is a big boy/girl ride full of extreme twists and turns, but when you learn to take advantage of the good times you will be better prepared to crawl through the bad.

Speaking of being prepared to take advantage of a market in your favor you should check out how ExpressTruckTax makes it a trucking company owners market all year when it comes to your trucking taxes.
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E-file your HVUT Form 2290 with ExpressTruckTax.