When it comes to selling products, retailers and manufacturers rely heavily on truck capacity and their availability to move materials. When there is no container capacity, products will remain at their origin. This costs the manufacturer and retailer precious time and money. Lack of truck capacity also presents a problem for consumers, because the products… Read more »
Small businesses, including trucking companies, often encounter cash flow problems. These can come in several forms, but generally show up as an inability to meet payroll and other operating costs. Seasonality often plays a role in cash flow problems, with a slowdown in freight contributing to a company’s inability to meet expenses. During the slower months,… Read more »
There are many reasons to consider a fuel program when you’re running a trucking business. Fuel programs can be convenient for your driver and save you money, which cuts your operating costs. What should you consider as you select a fuel program provider for your business? Total Fuel Program Savings The main reason businesses… Read more »
The holiday decorations are long removed. Over-the-road fleet drivers are rested, independent contractors and owner-operator truckers have returned to the open road. We are now many weeks into 2020. The next few quarters are setting up in support of the strong offerings of third-party logistics (3PL) companies as primary transportation service providers. Third-Party Logistics… Read more »
Written by Eugene Laney, DHL Blog For U.S. companies trading globally, these are uncertain times. Whether you’re a large exporter, a mid-sized manufacturer, or a growing e-commerce venture that’s quickly building cross-border success, you know the tremendous benefits that international commerce brings to the table—and to your bottom line. But you have also witnessed… Read more »
Since July 2018, more than 64% of carriers that arranged freight through our full-truckload brokerage documented a relationship with a trucking factoring company. Between July 2017 and June 2018, only 59% of carriers reported a relationship with a factoring company. This represents a 8.5% increase in one year. This method of handling accounts receivables has… Read more »
When it comes to semi-trucks and industrial trucks, both should be looked at as heavy-duty vehicles or heavy equipment. Especially when it comes to caring for those vehicles. These trucks experience extreme wear and tear every day. They transport heavy loads in hot and cold temperatures, and the number of miles driven can eventually add… Read more »
Time really does march on, and sometimes it ushers in unintentional opportunity. In logistics, particularly LTL, we should be aware of the end of quarter earning opportunities that immediately follow the “the march of time.” The end of the calendar year is nearly here, and the expiration date on Q4 and 2019 is quickly approaching…. Read more »
One of the most important tools in any business owner’s arsenal is their budget. A budget will allow you to set and achieve your goals and compensate for any losses along the way. This is especially true when you’re in the often volatile transportation business. A budget can seem overwhelming, but it is simple and… Read more »
If you’ve been driving a truck for a while, you may understand that well-planned routes and delivery times can oftentimes shift due to poor traffic, inclement weather, or lack of planning. No one likes spending unwanted time on the road, especially when it’s during the holidays. How do you avoid getting stuck on the road?… Read more »
