Freight brokers can be incredibly helpful for carriers. In the best of cases, they lighten the logistics load of the carrier, thereby increasing productivity and efficiency, and ultimately improving cash flow for trucking companies. In the worst-case scenario, however, the actions of insolvent, unreliable, or even fraudulent freight brokers can run a trucking business into […]
Because of how common cash flow problems are for freight companies, many trucking business owners turn to freight factoring. This alternative financing solution is aimed to improve cash flow and working capital, acting as a tool to drive growth. After learning about what freight factoring is, the next step is to find out how much […]
Shipping goods from Point A to Point B sounds simple, but it’s usually a complex process, meaning that independent freight brokers have a lot on their plate. Some of the most common challenges for freight brokers are consistently finding loads to haul, finding shippers for those loads, and forging long-term partnerships with shippers. Yet while […]
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 cash flow challenges associated with expanding their businesses, and trucking company owners 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 and maintain positive cash flow. While not all business owners […]
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 negative cash flow, crucial parts of the business can grind to a halt. But did […]
