According to a 2017 U.S. Department of Transportation (DOT) report, there are 125.8 million households and almost 7.7 million business establishments in the United States. Consequently, as one of the largest economies in the world, the U.S. cannot get by without the “efficient movement of freight.”[i] This is accomplished with state-of-the-art logistics. While the demand… Read more
A damaged or malfunctioning vehicle is a challenge that is to be expected from time to time for all freight company owner-operators. However, it can still be a severe problem if it comes at a bad (financial) time. Not only do you have to foot the repair bill, but you may also have lost… Read more
Fall has just begun, and temperatures have just started to dive, but while everyone enjoys the cooler air and preps for Halloween, freight companies begin to think about their vehicles and how to prepare for the winter. If this doesn’t describe you as an owner-operator, it should! In many parts of the country that… Read more
Is there anything more annoying (and potentially devastating) than an invoice that just doesn’t get paid. Not only is it annoying and time-consuming to nag brokers for payment, but it’s also a massive waste of time, money, and resources for your business and often results in a broker “breakup” to avoid future disputes. There are… Read more
Of all of the many expenses trucking companies must take on in order to run a successful business, buying vehicles is one of the costliest. Because of this, many freight carriers opt to lease their trucks. Yet, there are pros and cons to buying and leasing. How should you decide whether to buy or lease?… Read more
Stay up-to-date on industry trends. The best way to make your life easier as an owner-operator is to not only to be an expert in your industry, but to stay up-to-date on all industry changes and trends. That savviness will make your life a lot easier when it comes to negotiating your rates with potential… Read more
Are you thinking of starting your own trucking business? With the global pandemic and resulting economic downturn of this year, your owner-operator dreams may have been put on hold for the time being, but that doesn’t mean your dream will be impractical forever. You may not be able to afford to launch a new… Read more
We’ve answered these questions before: “what is freight factoring,” “how can it help my business grow?” and “how can it help my business get through hard times?” We’ve also discussed how to find the best factoring company for your business. But what about after you’ve found a great factoring company. Before you sign a… Read more
During these tough financial times, many transportation companies have turned to methods of keeping steady cash flow, including QuickPay and freight factoring. But what is the difference between the two, and how can you decide which is the best for your business? Ultimately, the choice is up to you, but it helps to have… Read more
Freight factoring is a great way to save transportation companies time, money, and energy, but going about invoice factoring in the wrong way can actually cost you time, money, and energy. Keep reading to learn the top five costly mistakes to avoid when it comes to freight invoice factoring. Not understanding the benefits of… Read more
