Dollars & Sense

  • Preparing your Finances Featured Story
    Preparing Your Finances to Buy a New Truck
    By Sean M. Lyden - Staff Writer
    Posted May 23rd 2017 12:27PM
    A new expedite straight truck can cost anywhere from $170,000 to over $200,000, depending on the "bells and whistles" you put on it. That's a big investment--and risk--especially if you're new to the expedited trucking business. So, how can you prepare to buy a new truck in way that reduces your risk and puts your business in the best position to succeed? Use this four-point checklist as a guide. #1. Low Expenses When veteran expediters Linda...
  • When is a good time to implement a rate increase?
    By Stuart Sutton, Full Circle TMS - Contributing Writer
    Posted May 8th 2017 4:41PM
    Last month my subject was "Growing your business by firing customers." It generated a lot of very good feedback (thanks to everyone who responded). My...
  • What Expedite Owner-Operators Should Know About Their Compensation Plan
    By Sean M. Lyden - Staff Writer
    Posted Apr 3rd 2017 9:00AM
    The compensation plan you agree to with your carrier sets the "rules of the road" for how you will make money with your truck. But it also impacts how...
  • Profit First
    How Expediters Can Put ‘Profit First’ to Secure Their Financial Future
    By Sean M. Lyden - Staff Writer
    Posted Jan 9th 2017 9:00AM
    You're working long hours, running a lot of miles, and generating a lot of revenue. But it never fails. No matter how much money you take in, you feel...
  • Straight Talk on Buying a Truck
    By Sean M. Lyden - Staff Writer
    Posted Sep 6th 2016 12:03PM
    As an expedite owner-operator, your income is generated by your truck. But when you consider that a new truck can cost anywhere from $150,000 to over ...
  • Five Audiobooks to Help You Become a More Profitable Expediter
    By Sean M. Lyden - Staff Writer
    Posted Aug 16th 2016 9:37AM
    As an expedite owner-operator, you spend long hours behind the wheel delivering loads. But you're also a business owner who needs to run a venture as ...
  • Explore the Income Potential in Expedited Trucking at Expedite Expo 2016
    By Sean M. Lyden - Staff Writer
    Posted May 30th 2016 9:00AM
    If you're evaluating new business opportunities, you might be considering a franchise or launching your own venture from scratch. But what if you coul...
  • Risks and Rewards of getting your own motor carrier authority
    The Risks and Rewards of Getting Your Own Motor Carrier Authority
    By Sean M. Lyden - Staff Writer
    Posted Apr 25th 2016 9:00AM
    When you operate under your own motor carrier authority, you get to call your own shots and keep more of your income by negotiating rates directly wit...
  • 2016 Forecast
    Industry Experts Peer into their Crystal Ball
    By Sean M. Lyden - Staff Writer
    Posted Feb 9th 2016 11:34AM
    What does the expediting trucking landscape look like for 2016? What trends should we expect? EO recently spoke with industry veterans John Elliott, c...
  • Startup Costs Explained
    The Expediter's Startup Costs Explained
    By Sean M. Lyden - Staff Writer
    Posted Jan 26th 2016 11:52AM
    You want to become an expedite owner-operator to launch a new career, see the country, and take charge of your financial future. But if you overlook i...
  • Bookkeeping
    3 Tips to Make Bookkeeping Less Intimidating
    By Sean M. Lyden - Staff Writer
    Posted Jan 18th 2016 9:00AM
    A smart bookkeeping system will save you from heartache and hassle if you’re ever audited by the IRS. And it can help you maximize tax deductions, s...