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Mainstream 'driver shortage' debate gets more (and less) realistic


Karrie Grundy, director of recruiting for Sisu Energy, speaking to NPR s Planet Money  
I think I can safely say that Grundy wasn t talking about my own podcast interview with frac sand hauler Sisu Energy s President Jim Grundy when she told National Public Radio s Planet Money that news stories highlighting astoundingly high pay for drivers at Sisu
a potential $730K annually! ignored the difference between revenue and net income for owner-operators.
Hear
Overdrive s podcast interview with Sisu Energy owner Jim Grundy about growth the company s experienced with a percentage-pay model for dry-bulk frac sand hauling via this link. Or catch it in the player at the bottom of this post.Most every Sisu driver is in fact a contracting owner-operator or small fleet; you ll find some drivers employed by those small fleets, but not raking in $14K/weekly in W2 wages. Over the weeks since our podcast aired with Sisu, Grundy s story and his efforts to attract owne ....

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New and returning borrowers consider round 2 of PPP loans


Feb 11, 2021
Lyons Gate Group owner Jose Williams received a $16,000 Paycheck Protection Program loan last year and has applied again under the current round of PPP funding.There’s federal money up for grabs again for pandemic-hit owner-operators and small fleets, with about seven weeks left to apply.
The process for effectively turning a Paycheck Protection Program loan into a grant has been simplified since the first time it was offered, and in other ways the program is less restrictive than in PPP’s first round.
One drawback, however, is a hurdle for businesses looking to get a second loan. PPP2 requires a borrower to have suffered a drop of at least 25% in revenue for any quarter in 2020 compared to the same quarter in  2019. Many small trucking operations took a severe hit during the spring, enough to log a dismal quarter that would qualify for that 25% decline.  ....

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