Owneroperator incomecost stability shows in 2024 ATBS update When will rates rise

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=jbWFVqL5jtU

If you're doing the right things ... if you're looking at your numbers, figuring out your fixed cost per day, your variable cost per mile, and choosing the best loads for yourself, you're going to weather this winter just fine like you have the last two years. And then when freight turns around, you're going to be in really good shape. --ATBS Vice President Mike Hosted • When freight turns around. What every owner-operator out there's been waiting for for quite some time, and it's like as not to be a while yet, with East Coast ports reviving from their stall and market prognosticators predicting that we’ll continue “bouncing along the bottom” all the way through the first quarter of next year, to use the words of ATBS VP Hosted himself. Yet there is at least some confluence of opinion on a potential market turn, given what you all heard on the Overdrive Radio podcast just last week, which suggested much the same: Q2 2025: https://www.overdriveonline.com/overd... • Get through the election, through the winter period and typically sluggish Q1, and hopefully further interest rates cuts might deliver confidence for business investment and some freight improvement. • For this video special accompanying Overdrive Radio this week, our Partners in Business coproducers in owner-operator business services firm ATBS were kind enough to share the full audio and slides from their September 18 income, revenue, cost and market update: https://www.overdriveonline.com/partn.... • You can download a pdf of Mike Hosted’s full slides, too, to follow along if you’re hearing just the audio version here: https://www.overdriveonline.com/15704990 • Topline results from ATBS analysis, with trend lines derived from real-world performance of their thousands of owner-operator clients? In addition to the market commentary, ATBS noted owner-operator income has been on average just slightly down for the 12 months ending June of 2024, compared to the prior 12 months. It's down as an average because dry van owner-ops were down somewhat significantly. Yet leased reefer haulers and flatbedders, and independents too, posted gains. There’s a lot more detail within all that in the full presentation here, and plenty of potential insights around maintenance spend, fuel costs and efficiency, and much more. • Benchmark your own business's performance against the average numbers, yet know enough to recognize every owner-operator business has its own revenue and income needs, relative to costs. • Overdrive Radio is sponsored by Howes. Find more information about their full line of fuel treatments via https://howesproducts.com • The Partners in Business program is sponsored by the Rush Truck Centers dealer network. Visit them via https://rushtrkctr.com/4bLxbR4 • In This Video: • 00:00 – Independent Contractor Benchmarking (ICB) • 00:49 – Questions sent in • 01:49 – What is the economic environment in trucking? • 02:00 – Broker Load vs Truck Index – Net Rate • 05:32 – CASS Freight Index – Shipments • 07:30 – CASS Freight Index – Expenditures • 08:38 – What are fleets saying? • 11:36 – Interstate Truckload Capacity – Monthly Changes • 14:00 – Operating Analysis By Independent Contractor Segment • 14:17 – Methodology of Data • 14:30 – Revenue Analysis • 14:38 – Take An Extra Load Each Month • 15:49 – Miles – Avg All Market Segments • 17:07 – Miles 2003-2024: Average All Market Segments • 18:47 – 5 Year Mileage Look • 20:05 – RPM: Avg All Market Segments • 21:14 – RPM Excluding Fuel Surcharge, Avg All • 22:16 – Spot market rates vs ATBS ICB fleet Rates: 2020 to 2024 • 24:55 – When will rates improve? | Expectations for 2024 rates • 26:24 – Gross Revenue: Average All Market Segments • 27:00 – Cost Analysis • 27:15 – Fixed Costs: Average All Market Segments • 29:04 – Variable Costs: Average All Market Segments • 29:34 – Total Costs: Average All Market Segments • 30:50 – Fuel CPM: Avg All Market Segments • 32:40 – Slow It Down • 33:22 – Estimated MPG • 34:55 – Truck Payments 2003-2024: Average All Market Segments • 40:16 – Maintenance: Avg All Market Segments • 40:56 – Maintenance 2003-2024: Average All Market Segments • 42:19 – Net Income • 42:26 – Net Income: Avg All Market Segments • 44:18 – Net Income Comparison: Compared to Average All Segments • 44:36 – Net Income 2003-2024: Average All Market Segments • 45:45 – Avg Annualized Net Income: ATBS Clients Greater Than 1 Year • 47:17 – Miles vs Net Income 2003-2023: Average All Market Segments • 47:57 – Do you require dashcams? • 48:37 – Do you require CMT? Do you offer healthcare? • 49:15 – Do you require O/O to have LLC, S Corp… | Do you offer load choice? • 50:08 – Post Chevron • 54:23 – Looking Ahead Contact Information

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