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...
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...
Improving Dispatching and Rates for the Trucking Industry
Rates are on a rise for a number of trucking categories, but relationships with brokers remain strained. Over the past few years, small fleets and own...
Trucking Could Turn Around the Economy and Jobs
In an uncertain economy, the trucking industry remains the one sector that is thriving and poised for growth. This should come as no surprise, because...
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...
