A short leash on long-term success: Trucker of the Month Gary Schloo

Overdrive Radio

This week's Overdrive Radio podcast edition features primarily the voice of Overdrive April Trucker of the Month, owner-operator Gary Schloo. The three-decade-plus owner's headquartered in Austin, Minnesota, leased to Long Haul Trucking out of relatively nearby Albertville. Today, Schloo runs dedicated to a particular customer in Long Haul Trucking’s network and can make a regular round in a day’s time, keeping him not far from his two-acre property throughout his week. It’s been his bread and butter now for nearly two decades, hauled since 2014 behind a Peterbilt 386 glider powered by a 12.7 Detroit Series 60 he bought new at the time. Ever with an eye on ways to save, the owner-operator adjusted his physical damage insurance shortly after the purchase, limiting the radius of his coverage to 500 miles with Great West Casualty, outside the policy he'd previously purchased through LHT. That's just one example of moves made and routines built through the years that have delivered long-term stability and profits for Schloo. Current LHT CEO Jason Michels, in Overdrive's prior story about the owner-operator, told of meeting Schloo early in his own trucking career, when he was just getting started with LHT as an owner-operator himself: https://www.overdriveonline.com/trucker-of-the-year/article/15669324/effective-insurance-exacting-analysis-deliver-gary-schloos-success Schloo and Michels met in West Virginia as both owners loaded there for a run back to Minnesota, then talking along the way. Schloo's generous with his time with young owners, Michels noted, and certainly was on that run where the pair met. Schloo schooled him on the importance of paying taxes so as not to get behind the eight ball with penalties and other wasted money, tracking and analyzing cost and revenue performance closely, and saving plenty as insurance against the rainy days. A lot of Schloo’s success comes back to insurance, in fact, building the business nest egg and other practices to guard against the unexpected: https://www.overdriveonline.com/partners-in-business/video/15667833/stock-your-trucking-pantry-against-famine-before-any-feast-ends That extends to health and disability. He’s carried a disability insurance policy for decades, and it’s proven plenty effective, particularly when 15 years ago now he had a heart attack that threw everything he’d built into question. Take a run through Schloo's story for more in this week's podcast. Owner-operator Gary Schloo is in the running for Overdrive's 2024 Trucker of the Year award, sponsor by Bostrom Seating. You can enter your own or another worthy owner-operator business for a chance at a new Bostrom seat among other prizes and recognitions, via https://overdriveonline.com/toptrucker