How Much Can You Make as a Truck Driver?
Perhaps the biggest question posed by people who are thinking about entering the trucking industry, as well as those…
What is the Difference Between Recourse and Non-Recourse Factoring?
Freight bill factoring is nothing new. However, while many in the trucking industry know that factoring is designed to…
How the FMCSA is Trying to Solve the Driver Shortage
As the economy reopens and the United States attempts to move past the Covid-19 pandemic, the driver shortage in the…
Choosing the Right Trailer
The cost of a basic trailer – minus the cab – will cost you around $30K. That comes to about $0.25 cents per mile, or…
Why are Trucking Insurance Rates Increasing?
Insurance rates for commercial trucking companies and owner-operators have increased drastically over the past decade,…
Truck Automation: The Future of Trucking
Automation is a forward-looking evolutionary step for any industry. From the assembly lines of Ford to the advent of…
How Can Businesses Reduce Debt and Gain Stronger Footing?
The economy is reopening, and businesses across all industries are ready to make their marks and generate revenue.…
Supply Chains Call for More Trucking Companies
Glance at articles about news in the trucking industry, and there will be a few near the top about the driver shortage.…
What Inflation Means for the Trucking Industry
The word “inflation” has been thrown around a lot recently, both on the news and in everyday business conversations.…
Mitigating High Gas Prices for the Trucking Industry
Last month, the cyber attack on the Colonial Pipeline threw a wench into logistics. Because of this, customers were…
Rightsizing Cash Flow and Breaking the Loan Cycle
For many businesses, cash flow is a constant concern. When outstanding invoices cause gaps in revenue, companies often…
Cash Flow Issues for Truckers and New Trucking Companies
Cash flow is crucial to every business, but new trucking companies rely on cash flow to sustain operations and thrive.…
Driver Demand Surges as Economy Begins to Reopen
As more people get vaccinated across the United States, cities are relaxing restrictions and businesses are reopening.…
What You Need to Start Your Own Trucking Company
The freight industry is growing, with a focus on new and small trucking companies. Emerging entrepreneurs and career…
How the DRIVE Safe Act Could Help Reduce the Driver Shortage
There is no doubt a driver shortage exists. Whether you side with the analysts that point to an always-present shortage…
The Economy Is Bouncing Back and Businesses Need a Strategy for Growth
As vaccinations roll out and businesses reopen, there is a big opportunity for growth across all industries. For…
Retail and Industrial Trucking Are Up, So Why Is Cash Flow Tight?
Retail and industrial supply chains have risen by over 30% in the United States this quarter, thanks in part to…
What the PRO Act Means for the Trucking Industry
Last month, the Protecting the Right to Organize (PRO) Act passed in the U.S. House of Representatives. While the…
Achieving Better Parity Between Sales and Revenue
In an age when business moves at a much faster pace than ever before, almost every business outside of the retail space…
Capacity and Growth in the Age of E-Commerce
E-commerce, once thought to be everything from a passing fad to a very niche sector, has become a mainstay of the…
Trucking Acquisitions: Retaining Drivers and Maintaining Cash Flow
Acquisitions are on the rise in the trucking industry. Larger carriers are looking to acquire smaller fleets to cover…
Pumping the Brakes on Bankruptcy for Trucking Companies
In a jarring report released last month, over 3,000 trucking companies filed for bankruptcy in 2020. To put that number…
Factoring FAQs: What Businesses Need to Know
Factoring has been around for a long time – going back to ancient Mesopotamia. Commerce and financing have both gotten…
Is Your Cash Flow Ready for the Post-Pandemic Era?
With the announcement of COVID-19 vaccines, many people are eager to get “back to normal.” Businesses, on the other…
Carriers Maintain Rate Leverage in Q1
In the second half of 2020, carriers gained more leverage in negotiating spot rates. In fact, spot loads increased by…