The freight industry is growing, with a focus on new and small trucking companies. Emerging entrepreneurs and career owner-operators are looking to st...
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 that rises and falls with capa...
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 businesses to take full advantage of ...
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 logistics being reconfigured to handle...
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 overall intent of the act is to help...
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 is still struggling with the l...
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 economy. Beyond that, e-commerce has...
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 more ground and diversify their ...
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 in perspective, in 2019 when t...
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 much more complex over the year...
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 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...
