TCA workshop addresses growing through contractors

The Truckload Carriers Association will hold a two-day workshop June 28-29 on how motor carriers can start an independent contractor program or improve the program they already have. The seminar is designed to educate carriers that have shied away from launching an independent contractor program due to other carriers’ legal and financial horror stories. It also is aimed to help carriers whose independent contractor programs haven’t produced the results they were anticipating.

The workshop will cover three principal aspects of independent contractor programs — operations, legal issues and business practices of successful independent contractors.

  • The operations section of the workshop will discuss setting up the program, proper spec’ing, support programs, equipment financing, choosing a business entity, internal staff training and benchmarking.
  • The legal section will address lease-purchase programs and independent contractor contracts and insurance.
  • The business practices section will explore recordkeeping and taxes, calculating cost per mile (CPM), calculating the percentage of income, CPM versus percentage of income, controlling costs, fuel and maintenance, age and condition of equipment, financial planning, retirement accounts and cash flow management.
  • Speakers for the workshop include Ray Haight, executive director and former president of MacKinnon Transport, Guelph, Ontario, Canada; and Kevin Rutherford, chief executive officer of The Alliance of Independent Trucking Professionals, which offers training and certification in owning and managing profitable independent trucking businesses. The legal panel will be Gregory Feary, Robert Henry and Adam Smedstad of the law firm Scopelitis, Garvin, Light & Hanson.

    The workshop will be held at the Four Points Sheraton O’Hare in Chicago. Fees for one registration are $525 for TCA members and $625 for nonmembers. Registrations for additional attendees from the same company are $325 for members and $425 for nonmembers. For more information, go to https://www.truckload.org/upcoming-events/ or call 703-838-1950.