A trucking company will face a wide range of issues with its operation, but none will create more of a risk to your financial situation than your accounts receivables. The more invoices you have in your accounts receivables department, the less cash flow you have at that specific time. When you go to the… Read more
Much like any business that wants to find success long-term, your trucking company will have to take advantage of the tools and resources available to you. One of the most common issues a trucking company will face is cash flow, especially since a majority of your clients will be paying you 30-90 days after… Read more
Let’s be honest, 2020 has been less-than-ideal for just about anyone and everyone thus far. Even worse, it doesn’t seem to be getting any better anytime soon. Much like everyone else, the trucking industry has been faced with challenge after challenge, obstacle after obstacle throughout the COVID-19 pandemic. Furthermore, nationwide protests have also made… Read more
As the COVID-19 pandemic continues to sweep across the country — and even getting worse — there’s a good chance your trucking company is eager for relief or help in one way or another. In response to the madness that 2020 presented us, the federal government signed the Paycheck Protection Program into law. On… Read more
Like most trucking companies, you’re in this business long term and you need to be considering utilizing a freight factoring service. It’s the easiest way to solve your cash flow problems and will save you valuable time in your accounting department. While freight factoring services have become a necessity in the trucking community, some… Read more
One of the biggest concerns a trucking company will have when considering freight factoring is how it will affect their customer service. As you can likely imagine, quality customer service is a crucial part of any trucking company and will often be the reason your clients stay with you long-term. With freight factoring, you’ll… Read more
Freight factoring is an essential part of any trucking company, but sometimes your factor can fall short of expectations. In the era of COVID-19, your factor may have even had to close up their business. Either way, there might come a time when you feel like switching to a new freight factoring company. First… Read more
When running a business — especially a trucking company — you’re going to be on the lookout for ways to save money constantly. While you’ll have plenty of options to choose from, you also want to make sure that saving money doesn’t come back to bite you in the tail. With that being said,… Read more
It doesn’t matter if your trucking company has been operating for 25 years of 25 minutes, there are going to be several issues that you’re likely to face often. Being prepared for these issues can help your trucking company remain unphased, even when nothing seems to be working in your favor. Three of the… Read more
Freight factoring has become one of the most critical tools and resources for any trucking company looking in search of success. It’s a straightforward process, but there are several different types of factoring you need to consider — including tiered factoring rates and flat factoring rates. Before we get into the difference between those… Read more
