We all know that, between rate confirmations, BOLs, lumpers, detention, and other logistical concerns, transportation companies have many balls to juggle (or, more accurately, paperwork to fill out). Of everything you’re managing, keeping track of freight invoices is probably the trickiest and most time-consuming of all. If you’ve ever dealt with late invoice payments,… Read more
Transportation is by no means a cheap endeavor, but of all the expenses transportation companies have to shell out for, fuel is one of the costliest. Knowing how to calculate the cost of your trucks’ fuel consumption is critical for maintaining fuel cost efficiency. If you don’t know how to effectively calculate your fuel… Read more
The trucking industry is old and stands apart from other industries in many ways, but that doesn’t mean it’s out-of-touch with the digital ways of the modern age. All business is becoming more and more digital every year. Especially given the digital shift introduced by the coronavirus pandemic, many businesses are moving online. So,… Read more
If your trucking business has ever dealt with late invoice payments, you know the struggle. When a long-haul carrier accepts a load, they will invoice a freight broker to move a shipment of goods. Often, it can take several weeks or months for the freight broker to pay the invoice. Late invoice payments create anxiety… Read more
With the economy struggling, especially within the trucking industry, many fleet owners and owner operators are finding it increasingly difficult to get approved for a bank loan. Even those that get approved are often too scared to go through with one due to the rates and interest. If this sounds like you, your trucking… Read more
Starting a new trucking company during these troubling times is a courageous move, but it’s one that could pay off when done correctly. Of all the things working against your favor in today’s economy, there’s also a lot working in your favor — you just have to take advantage of them. Whether you’re brand… Read more
When starting your own trucking company, whether you’re an owner/operator or a fleet owner, you’re going to have several obstacles to overcome. Of all the things working against you, cash flow is the one thing that will pose the greatest threat to your survival. Luckily, there’s one thing out there working in your favor… Read more
If your trucking company is having a difficult time with the billing process and getting unpaid invoices resolved in a timely manner, you’re not alone. We understand the fear of having to wait 30-90 days before an invoice is paid can have your trucking company worried about its future. This is an issue most… Read more
Technology is an amazing thing. It has transformed the way we think, the way we act, the way we work, and the way we innovate. Believe it or not, it has also had an enormous effect — a positive one — on freight factoring and the way your trucking company operates. In the old… Read more
When was the last time your trucking company was forced to wait up to 2-3 months for a client to pay their invoice? In the trucking industry, this is far too common and is often the reason most trucking fleets won’t last very long. After all, your business expenses are due now — not in… Read more
