Did you know that the average cost of operating a commercial truck is nearly $180,000? Did you know that each truck you own will use an average of 20,500 gallons of fuel each year? That’s not to mention how much it cost you to purchase the truck and trailer, which can run you another $150,000+!… Read more
Trucking companies are being overworked during the COVID-19 pandemic and they aren’t getting the appreciation they deserve. With most of the world still quarantined in their homes, truck drivers are still driving thousands of miles each week to ensure deliveries and quotas are met. Since most companies that need shipments delivered are also being… Read more
If you own a freight or trucking company, chances are you want that business to perform well and exceed expectations. In order to reach the goals you’ve set forth, you’ll need to ensure your business remains organized with up-to-date information. One of the easiest and most practical ways businesses keep track of your progress… Read more
If your trucking company is constantly dealing with overdue payments from clients, factoring services could very well be the missing piece that keeps your business in good standing. Of course, that will largely depend on which factoring company you choose to partner with. When trying to find the best freight factoring company for your… Read more
When you send out an invoice to a client, you would ideally receive the payment for that invoice shortly after that. Unfortunately, this isn’t always the case and freight companies often get the short end of the stick compared to other industries. Overdue payments can eat your business alive and put your cash flow… Read more
One of the major difficulties a trucking company will face will be in their accounts receivables department. Although the work has been completed, there’s a good chance you won’t see an invoice paid for 30-90 days — and that can put your monthly cash flow at risk. That’s where a freight factoring company can… Read more
Dealing with freight factoring companies can save your trucking business from the large number of overdue invoices you see on a monthly basis. At the same time, it can prove to be harmful and costly if not taken seriously. Much like anything else you do for your business, diligence is going to be important… Read more
The trucking industry produces nearly $800 billion in revenue every year and that number is expected to continue rising. While that may be all the reason you need to start your own trucking company, many people will find it difficult to get their piece of the cake. Whether you’re a new company or one… Read more
What’s Most Valuable to You? There are going to be several expenses that mean a lot to your business. We live in a society where you get what you pay for and you need to ensure you’re getting the quality you need where you need it most. For a trucking company, expenses like… Read more
If you own a trucking company or own and operate one for a living, then you’ve likely become all-too-familiar with invoices that aren’t paid on-time. 30 days late, 60 days late, some people will even wait until their invoice is 90 days late before paying it — or worse! Trucking companies all around… Read more
