With the announcement of COVID-19 vaccines, many people are eager to get “back to normal.” Businesses, on the other hand, have had to make several adj...
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 over 69% YoY, indicating an extr...
Last Mile Transportation May Signal Economic Improvements
As analysts sift through 2020, the big takeaway is that jobs were in a decline in December. However, as small businesses were impacted by the pandemic...
Understanding the New Round of PPP Loans
The second round of the Paycheck Protection Program (PPP) loan has rolled out and many carriers who meet the qualifications can apply to obtain fundin...
Trucking Startups Projects to Grow in the New Year
The past few years have been turbulent for the trucking industry. Yet despite everything, trucking startups and small to mid-sized fleets performed ve...
Factoring Services: Finding the Right Solutions for Your Business
Factoring services are used by businesses across every industry to enhance cash flow, smooth uneven revenue periods, build up capital, and reduce the ...
The Case for an Increase in Driver Wages
The pandemic has impacted all parts of the economy, and the trucking industry is no exception. Truck drivers have now seen an increase in wages. The u...
Managing Fuel Prices and Expenses for Your Trucking Company
Fuel represents the largest vehicle-based operating expense for trucking companies. On average, carriers spend around $50,000 to $70,000 per year on f...
A Positive Trucking Industry Forecast for 2021
Now that 2021 is here, the trucking industry is kicking off the new year with a very positive view of the look ahead. The forecast is not fireworks an...
Refrigerated Trucks Experience Sudden Demand to Cure the Country
With the announcement of the rollout of COVID-19 vaccines in December, refrigerated trucks were conscripted as part of the Defense Department’s plan t...
Businesses Are Moving away from Debt Financing
Debt financing, once the only way for businesses to get the capital they needed to maintain and grow operations, has fallen out of favor in recent yea...
Trucking Insurance Remains a Top Concern
As we head into 2021, fleet owners and owner-operators are making plans to tackle long-standing issues in the trucking industry. As the driver shortag...
With Lenders Tightening Requirement How Will Businesses Get Capital?
The COVID-19 pandemic disrupted businesses across all industries. To mitigate hardships, the CARES Act was passed, giving businesses access to Paychec...
How Carriers Are Getting a Financial Jump on 2021
The trucking industry is at a pivotal point, and carriers are looking ahead to make 2021 a very strong year. However, taking the lessons learned from ...
E-Commerce Drives Demand and Rates for LTL Haulers
It looks like e-commerce is set to have another record year. Between the pandemic and fourth-quarter sales, more people and businesses are purchasing ...
Trucking Prepares for a Rise in Oil & Gas Industry
The oil & gas industry has performed a 180-degree spin from forecasts earlier in the year. A number of mergers and acquisitions, along with an inc...
Protecting Your Business from Client Bankruptcies
If the pandemic taught business owners one thing, it was that adaptability is the only way to succeed. Trucking companies had to shift routes and cust...
Imports and Domestic Manufacturing Signal Good News for Trucking Companies
Back at the start of the COVID-19 pandemic, almost every industry experienced downward pressure. This drove down rates for carriers and gave shippers ...
3 Reasons Why Businesses Should Use Factoring Services
Many businesses think that factoring is reserved for only certain types or businesses, or that factoring services can only be used in specific circums...
Can the Creditworthiness of Your Customers Impact Your Business?
We all know that credit ratings impact business owners. The creditworthiness of a business is what determines loan amounts, interest rates, the abilit...
