Jan 08, 2021 • Carriers

How to Grow Your Hard Earned Money in Trucking

How to Grow Your Hard Earned Money in Trucking

There are at least 3 ways to “grow” one’s hard earned money in trucking:

1. earn more for what you do as a trucker;

2. earn a second income from the cab of one’s truck; and

3. put your money in an investment that lets it grow while you’re driving.

The majority of truckers are paid by the mile or by the task, meaning that they are trading their time for money.

There are a lot of “time wasters” associated with trucking, including:

detention at shipper and receiver locations;

waiting for loads;

road construction;

bad weather and storms;

bottlenecks and congestion;

mechanical breakdowns;

accidents (both preventable and not preventable); and

time that the Hours of Service regulations force truckers to wait without getting paid.

Seek to reduce or eliminate as many of these time wasters as possible.

Regarding earning more money for what you do, you can:

make yourself available to drive during all hours when you legally can drive;

develop a good relationship with those in your trucking company who assign loads, including your driver manager;

develop good relationships with mechanics in your trucking company’s shop, so that they will perform maintenance or repairs on your truck in a timely manner;

be friendly with everyone with whom you come in contact, including guards and lumpers;

work for a trucking company that values your experience and will pay you accordingly; and

perform with excellence all of the tasks assigned to you, so that you will develop a good reputation and be worthy of getting more miles or being assigned higher paying tasks.

Seek to pay off all that you owe as you buy things, so that you don’t have to pay credit card interest.

If you don’t have a budget, begin by using our “spending diary” (free download) for a minimum of 30 days so that you track where you are spending money.

From there, set up a budget, including what you save.

When the time is right, put your savings into:

either an interest-bearing account of some kind;

or investments that are most likely to grow.

Two ways to save more money as a trucker include:

preparing and eating as many meals as possible in your truck; and

resisting the urge to spend money on non-critical things.

We provide 35+ free downloads through our site.

To get them instantly by email, sign up through the form on the page listed below and confirm your subscription:

https://www.truck-drivers-money-saving-tips.com/free-downloads.html

On behalf of my husband Mike and me, we wish all professional truck drivers safe travels and lots of money saving opportunities on the road.

By Vicki Simons

https://www.truck-drivers-money-saving-tips.com/

TagsTruck Driver truck drivers Owner Operator trucking Trucker Path Trucking Industry Truck driver tips Owner Operators Technology Trucking Tips transportation finances

Industry Update March 8, 2019 <h2>Trucking Industry Update March 8, 2019</h2> <h4>By Jeremy Feucht</h4> <h3></h3> <h3><strong><u>Did you Know?</u></strong></h3> This week in history saw its very first Adopt-A-Highway sign be placed. March 9, 1985, the Tyler Civitan Club committed to picking up trash on Texas Highway 69. <h3></h3> <h3><strong><u>Trucking tip of the Week</u></strong></h3> Tornado season is upon us. Alabama saw 18 strike in a single day earlier this week. Tornado season usually lasts from March to June. Keep an eye out on weather forecasts and the FMCSA Declaration of Emergency page. Remember, you cannot outrun a tornado, so don’t try. <h3></h3> <h3><strong><u>Infrastructure</u></strong></h3> The ATA is stepping up efforts to counterman the increases they are seeing across individual states to place road improvement costs all on the trucking industry. Instead, they are offering up another idea. Called the “Build America Fund,” the ATA’s CEO Chris Spear is calling for a $.20 per gallon increase on fuel tax which would be implemented over the next five years. While any increase in fuel means increases in prices every where else, Mr. Spear makes several <a href="https://markets.businessinsider.com/news/stocks/trucking-calls-on-congress-to-draft-sustainable-user-funded-infrastructure-plan-1028009576">solid points</a> on why we can no longer ignore the infrastructure crisis in the US. <h3></h3> <h3><strong><u>Legislation</u></strong></h3> Last week, we talked about the ATA pushing the “Drive Safe Act.” This piece of legislation would allow those who are under 21 to drive interstate. This week Mark Allen, President and CEO of the International Foodservice Distributors Association (IFDA) also weighed in on the topic. Mr. Allen, like the ATA, believes <a href="https://www.msn.com/en-us/news/politics/trucking-a-gateway-to-economic-prosperity/ar-BBUlH9m">this is a good idea</a> due to the increasing capacity crunch the industry is seeing. The crunch is finally starting to hit consumer pricing and presidents for associations like the ATA and IFDA are attempting to make the public understand why. Is this the best option? Maybe not, but at least groups are attempting to make sure the issues are seen and understood by those outside of the industry. <h3></h3> <h3><strong><u>Avoiding Toll Roads?</u></strong></h3> If you have <a href="https://cdllife.com/2019/state-police-cracking-truckers-avoiding-new-toll-road/">practiced avoiding toll roads</a> in your big rig, you might need to reconsider doing it in the future. Maryland and Delaware State Police created their own blitz. The crackdown came on February 28-March 1 and focused on drivers avoiding the US 301 toll. 85 drivers in total were stopped with 77 receiving citations and two were forced out of service. More sprees like this are expected to be conducted. Make sure you check out state laws in the jurisdictions you will be traveling in if you plan on attempting to avoid tolls.

Mar 08, 2019 • Carriers

Trucker Spotlight - Jamar Holland <em>The Trucker Spotlight series explores the lives of truckers and their journey to make a difference in their industry. We interview different truck drivers to understand some life lessons that make them who they are today. We also learn more about their motivations, and the problems that they encounter on the job. We also tackle how Trucker Path's solutions helped them with what they do. The information that they provide helps inform other people who are looking to delve into the trucking world.</em> <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/jh2.jpeg" alt=""] <h2></h2> Today we are putting the spotlight on Jamar, who's been driving for 4 1/2 years. He's a husband and a father who loves every minute of his trucking life. Let's get to know more about his life on the road. <h2></h2> <h3></h3> <h3><strong>What made you decide to be a trucker?</strong></h3> I decided to become a trucker honestly because everything else in my life had failed up until that point. I was tired of working dead end warehouse jobs and was really ready for a new career. <h2></h2> <h3><strong>In the years that you have been driving, what are the significant changes that you've noticed in the trucking industry?</strong></h3> The most significant change for my short career has definitely been ELDs. I had a short experience with paper logs but it became a challenge when we shifted to their electronic counterparts. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/jh3.jpeg" alt=""] <h2></h2> <h3><strong>What made you decide to put up your Youtube channel?</strong></h3> Honestly, I never imagined my Youtube channel growing into what it is today, it actually just started as a way to vent-out and express myself. Somehow it became therapeutic to me and surprisingly to others as well. As it grew, I continued to take pride in being a voice for others like myself and giving motivation that truly anyone can be successful in life. <h2></h2> <h3><strong>Any times when you get lonely while driving? How do you deal with it?</strong></h3> Absolutely, but thank God for technology. I recently started referring to myself as "FaceTime Daddy" and even though it's done jokingly, FaceTime and other similar forms of communication are pivotal for me and my family to remain sane and whole while I'm out here working to secure our future. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/jh4.jpeg" alt=""] <h2></h2> <h3><strong>As a trucker, what are the current struggles in this COVID19 pandemic?</strong></h3> I think just the uncertainty of what will happen next, hoping that it doesn't effect my income so drastically like so many of my friends and family. <h2></h2> <h3><strong>What are your usual routes? Favorite scenic truck route?</strong></h3> I usually stay on I40 and I5 in California, however my favorite scenery would definitely be Oregon just perfectly created in my opinion. <h2></h2> <h3><strong>What was your weirdest or most unusual haul?</strong></h3> I picked up a load of hay in the middle of a Nevada desert that was literally 30 miles off the map. <h2></h2> <h3><strong>How often do you use rest stops / truck stops? What are the things that you look for in a truck stop? Favorite truck stop meal?</strong></h3> I use both very often, first thing I look at is always the parking lot size and parking availability. Lucky for me, the Trucker Paths app is normally very accurate. As far as inside, I always look at reviews of the showers. There's nothing more disturbing than a poorly kept bathroom. Favorite truck stop meal is always a mom and pop diner with great breakfast! <h2></h2> <h3><strong>What are the common troubles or problems you encounter while trucking?</strong></h3> Common troubles for me are rude and unsafe drivers. My biggest fear is that even if I can control and safely operate my truck, you never know when someone around you will do something that will not only jeopardize their life but yours as well. <h2></h2> <h3><strong>What are your pet peeves while driving/trucking?</strong></h3> Biggest pet peeves are vehicles who enter the highway too slow, its literally called the acceleration lane. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/jh5.jpeg" alt=""] <h2></h2> <h3><strong>How did Trucker Path help you in your day to day trucking?</strong></h3> The fact that <a href="http://www.truckerpath.com">Trucker Path</a> can tell me how far each truck stop is from my exact location, that allows me to be very productive and productivity equals more money. <h2></h2> <h3><strong>What are some tips that you would like to share for aspiring truckers?</strong></h3> Be confident when you're out here on the road and most importantly don't rush. The money will come and so will all your goals just keep pushing one day at a time. Like I always say on my channel, Stay safe, Stay positive and Stay productive. <h2></h2> <h3><strong>Where can people watch your videos on Youtube?</strong></h3> They can view my videos on my <a href="https://www.youtube.com/user/Tre7DJHouse/featured">Youtube Channel, ATruckerNamedJay.</a> <h2></h2> <iframe width="560" height="315" src="https://www.youtube.com/embed/Y95yUN8oyfg" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> <h2></h2> Hope you guys enjoy! <h2></h2> <h2></h2> <h4>By Aldous Aldwin</h4> <h3></h3> <h3></h3>

Aug 19, 2020 • Carriers

How to Start a Hotshot Trucking Business [p]Ever wondered how to be your own boss while enjoying beautiful sceneries across America? The freight industry is the backbone of America’s economy contributing more than <a href="https://tradingeconomics.com/united-states/gdp-from-transport">500 billion USD</a> every quarter and the numbers are increasing each year. It’s a lucrative industry which gives handsome rewards. However, it is not easy getting into traditional trucking due to the requirements needed.[/p] [p]What if there was a way to be a part of the trucking industry without dealing with all the hassle? The good news is there is a sure-fire way of being a part of the trucking industry and you can get started in a few days. What is it, you ask? The answer to that question is “Hotshot Trucking”. But there are still a few requirements before you are eligible to haul freight. Fortunately, these requirements are easy to complete and we will explain everything step by step below. [/p] <h2></h2> [p][b]What is Hotshot trucking? [/b][/p] [p]Hotshot truck drivers are freelancers who work privately carrying freight from one point to the other without any employer restrictions or scheduling restrictions. In other words, you are your boss and you can choose when to earn and how much to earn. All you need is a medium or heavy-duty truck with at least 7,000 pounds of hauling force and a trailer. A Dodge Ram 3500, a Toyota Tacoma, or any version of the Ford F-series truck can work well. [/p] [p]Currently, around 70% of the goods you can find on the shelves are transported by hotshot truckers and independent freight transporters. According to estimates, the trucking industry is expected to grow by 2.3% yearly till 2024. With freight volumes increasing day by day it is the perfect time to set up your own hotshot trucking business. [/p] [p][b]Pros and cons of Hotshot Trucking?[/b][/p] [p]Hotshot Trucking comes with a lot of advantages especially if you want to kick-off your trucking business easily. But be wary also of some limitations and trade-offs when entering this kind of trucking business. [/p] [img src="https://truckerpath.com/uploads/2020/10/How-to-Start-a-Hotshot-Trucking-Business-pros_and_cons_table.png" alt=""] [p][b]How to Begin?[/b][/p] [p]Now that you have a basic idea of hotshot trucking let’s get started on the specifics: [/p] <h2></h2> [p][b]Set up an LLC[/b][/p] [p]You need to set up a Limited Liability Company (LLC) and register it with your state. This is the first step in registering your business and it doesn't matter if you are working alone or if you intend to invite others to join in with you, setting up a legal company gives you many <a href="https://www.legalzoom.com/articles/advantages-of-an-llc">benefits</a> such as:[/p] <ul> <li>Limited personal liability</li> <li>Less paperwork</li> <li>Tax advantages</li> <li>Ownership and Management flexibility</li> <li>Flexible profit distribution</li> </ul> [p][b]Register With the Tax Authorities [/b][/p] [p]Once you have your LLC set up, the next step is to get a <a href="https://www.irs.gov/individuals/international-taxpayers/taxpayer-identification-numbers-tin">Tax ID</a> to go with your business. The tax ID or the Employer Identification Number (EIN) will allow you to receive checks and other forms of payments directly to your business account. That takes us to our next step. [/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/How-to-Start-a-Hotshot-Trucking-Business-make_a_business_bank_account.jpg" alt=""] [p][b]Make a Business Bank Account[/b][/p] [p]A separate bank account will allow you to divert all your business-related transactions to your business bank account. This allows you to keep track of your expenditures while also giving you the liberty to make and receive payments.[/p] [p][b]Apply for a CDL (optional)[/b][/p] [p]Hotshot trucking does not require a commercial driver’s license (CDL) since in most cases you won’t be exceeding the gross weight limit determined by the authorities. [/p] [p]You don’t need a CDL if: [/p] <ul> <li>If the total weight you are pulling is less than 10,000 pounds.</li> <li>If the combined weight of the vehicle and trailer is less than 26,000 pounds. </li> </ul> [p]Getting a CDL is no easy task. You have to enlist in a reputable training academy, go through several weeks of training, and then apply as well as pass the CDL exam. Therefore, it is better to forego this requirement in the early stages of your business but its best to acquire the license once your business is up and running. [/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/How-to-Start-a-Hotshot-Trucking-Business-acquire_relevant_equipment-1.jpg" alt=""] [p][b]Acquire Relevant Equipment [/b][/p] [p]As you know, hotshot trucking involves a lot of hauling and towing. It is important to have a sturdy and reliable truck if you want to save yourself a lot of grief later. You will need a good medium to heavy-duty truck with a lot of power (around 400HP) to pull at least a ton and a 30 ft. gooseneck flatbed trailer to begin. A decent truck can cost from $15,000 to $60,000. A good trailer costs from $7,000 to $25,000. It is up to you to decide how much you want to invest in the business initially. If you already have a truck at home and you don’t intend to get a CDL right away then you can save money by buying a cheap trailer and starting your business with minimum investment. [/p] <h2></h2> [p][b]Further Government Approvals [/b][/p] [p]It is a good idea to register your business with the Department of Transport (DOT) in your state and also with the federal authority if you intend to drive interstate. The state will provide you a DOT number and the federal government authority will give you a Motor Carrier (MC) number. These numbers must be emblazoned on the side of your vehicle. [/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/How-to-Start-a-Hotshot-Trucking-Business-getting_your_first_order.jpg" alt=""] [p][b]Getting Your First Order [/b][/p] [p]It’s often difficult to get your first order but there are resources available online that can help you out. You can sign-up and keep an eye out for potential contracts using <a href="https://truckerpath.com/truckloads/free-load-board/">loadboards</a>, which is an online marketplace where truck owner-operators, shippers, and freight brokers can post and search for loads. If a contract fits your requirements you can sign-up with them and begin your hotshot trucking journey. [/p] <h2></h2> [p][b]Conclusion [/b][/p] [p]It is not easy to start a business from scratch and accept profits from the get-go. However, if you work hard, complete all the requirements and stay motivated, you can slice through the initial difficulties and begin expanding and earning handsomely all while being your own boss. [/p] <h2></h2> <h2></h2> [p][b]By Aldous Aldwin[/b][/p]

Oct 09, 2020 • Carriers