Jobseekers have likely heard about 2023 being a year of an impending recession (small business owners even believe we’re already in a recession). Yet, while the overall landscape of the job market has seen better days, that’s not entirely the case for the truck driving industry. In fact, even with the economy having slowed down, […]
Owner-operator vs. company driver is a common debate in the trucking industry. Which one pays more? Which one requires more work? And ultimately, is it better to be an owner-operator or company driver? There’s no one size fits all answer, but by taking some time to better understand the differences, you can decide which is […]
The thought of becoming an owner-operator can be both exciting and daunting. On one hand, owning your own trucking company can provide financial returns that might not be obtainable by being a company driver, while on the other hand, there are added responsibilities that make for a more complex and time-consuming day-to-day job. Fortunately, you […]
Getting loads for trucks is one of the most universal challenges for those in the trucking industry. Trucking statistics show that the US trucking market size was upwards of $217 million in 2022 and projected to grow. So you know the loads are out there, but how do you find them? Finding the answer to […]
The trucking and freight industry is vital to the United States economy, but it has experienced large swings over the last few years due to the COVID-19 pandemic and the post-pandemic recovery. The trucking industry has suffered in 2023 with the National Truckload Index experiencing consistent declines since the start of the year. However, as […]
Coming to an agreement on freight terms can be one of the more difficult aspects of forging a new partnership with a buyer. Freight charges can be billed in many ways, two of the more common of which include prepaid and add and freight collect. If you own a small trucking business or you are […]
Working as a truck driver can be a liberating experience. But just like any other job, one of the biggest questions to consider is: how are truck drivers paid? As it turns out, there isn’t necessarily a one-size-fits all answer to the question of how do truck drivers get paid. In this article, we’ll break […]
For trucking companies, few things are more important than ensuring you get paid in a timely manner. Maintaining sufficient cash flow for your operations is key for keeping finances in the black. Well-designed trucking invoices can go a long way in helping you get paid quickly, but in times when money is needed as soon […]
While not the most glamorous part of the job, pulling over for a DOT inspection is part of the job as a truck driver. Your drivers will have to make sure that they are ready to stop along their routes. The DOT does these inspections to make sure that everything is safe and secure. Many […]
As a freight broker, you depend heavily on prompt invoice payments to pay operating costs and carriers. However, sometimes you must wait for weeks or even months for payment, causing negative cash flow and mounting debts. To grow your business and be competitive in the market, you need access to cash to keep up with […]
According to the Transportation Statistics Annual Report, trucks transport 73% of total freight value and 67% of total freight weight. With this in mind, it is safe to say that a trucking business is one of the businesses with a high possibility of venturing from a startup to a large company within a short time. […]
If you have an entrepreneurial spirit and a passion for trucking, you may have considered starting a trucking company. However, owning a business is a challenging task if you don’t have a plan. A business plan can help you define your company’s mission to get investors, loans, partners, and employees interested. You will prove to […]
The commercial motor vehicle industry is associated with big trucks, multiple deliveries, long drives, and rest stops – not mountains of paperwork. However, documents, certifications, and background checks play a crucial role in operating a commercial motor vehicle (CMV) company. Hiring a truck driver hiring process involves a lot more than finding someone with a […]
Truck detention is something that happens often in the logistics business – it’s common and often unavoidable. However, to make the most of your time and money, there are ways you can plan for detention and minimize detention fees. For freight shippers, understanding truck detention is a critical component to protecting your bottom line and […]
There can be many forms for new trucking company owners to fill out and certifications to chase down. Knowing what applications and qualifications will best benefit your business can be a challenge. But if your trucking company intends to conduct maritime business, there’s one application your drivers shouldn’t skip. Here’s an explanation of what a […]
Let’s face it — getting trucking authority is never a walk in the park. There is a plethora of online information that can make it hard to keep track of all the required steps. Having your trucking authority means you cut the third player or middleman, which means more significant profit. Even so, how do […]
The freight broker can be an incredibly helpful part of a carrier’s business model. In the best of cases, they lighten the logistics load of the carrier, thereby increasing productivity, efficiency, and cash flow. In the worst-case scenario, however, the actions of insolvent or bad-acting freight brokers can run a carrier’s business into the ground. […]
Cash flow is the beating heart of every business. When cash flow is poor, your entire business suffers the consequences. As a small business owner (perhaps even a new small business owner), the threat of poor cash flow can undermine every financial decision you make on behalf of your business. If you’re scraping the bottom […]
Shipping is an interesting and complex industry, which means that independent freight brokers have a lot on their plate. One of the most challenging aspects of freight brokerage is securing shippers or long-term clients. Establishing, maintaining, and growing your customer base requires a reasonable amount of time and dedication. The following guide will help you […]
With more and more consumers preferring to shop online, the demand for shipping services keeps rising. The trucking industry has been picking up pace in recent years, considering that trucks transport 70% of the total domestic freight tonnage. As per recent research, 63% of online shoppers expect their package to arrive in under three days […]
Most small business owners are acutely aware of the challenges associated with expanding their businesses. Trucking companies are no exception. It isn’t easy to establish and maintain a trucking business. It takes hard work, business knowledge and quick thinking to succeed. While not all business owners will be successful, those who succeed take the time […]
If you own or manage a trucking business, you must have an idea of how much slow-paying customers can affect day-to-day operations. There are many expenses to take care of, such as fuel, fleet maintenance, salaries, etc. If you have a negative cash flow, crucial parts of the business can grind to a halt. But […]
The freight and trucking industry heavily depends on prompt invoice payments to cover operating costs. Unfortunately, trucking companies may need to wait weeks or even months for customers to pay, creating a cycle of negative cash flow and mounting debt. To keep your trucking company competitive and growing, you need cash to pay your drivers, […]
