Factoring is meant to get funds into your business— immediately. It’s a tool aimed at taking the waiting out of client payments. While factoring is a common and critical part of the industry, not all factoring terms may be as commonly known. Here are definitions of important factoring freight words and terminology: Common freight factoring… Read more »
It’s that special time of year: The sun is starting to rise with you, the winter ice is melting, and the CVSA is making their big debut. From May 17-19, CVSA International Roadchecks are back. You know the drill: Every year, the CVSA conducts a massive series of random stops in the United States, Mexico,… Read more »
Throughout my life I have periodically heard, and even used, the phrase, “I can’t wait until things get back to normal.” Never has it been so often expressed as in the past two years. Yet, this begs at least a couple of questions: “What is normal?” “Why are we so anxious to go backward in… Read more »
Have you ever heard the phrase, “Don’t put all your eggs in one basket”? This phrase means you should avoid doing the majority of your business with just one or a few customers in the business world. Most credit companies consider your customer concentration when reviewing credit applications. If 25% of your revenue comes from one customer,… Read more »
Premium customer service draws clients to you faster than any form of advertisement. Aim to provide excellent customer service and build a solid reputation. Once you impress your first clients, they will use you again and refer you to others. Gather Customer Feedback Each customer has their preferred communication style and how they wish… Read more »
Most of the carriers in the U.S. have fewer than twenty trucks in their fleet. Much of this group does not have a sales team actively locating freight for their respective fleets due to economic factors. That is one of the reasons thousands of freight brokers exist in the world of transportation. Broker Role… Read more »
Diesel fuel costs have been rising steadily for some time. However, the crisis in Ukraine had an immediate impact at the pump. Overnight, the cost of fuel per barrel went from the low $90s to $104. The price was holding at $103 per barrel as of this writing. While there is currently much uncertainty, there… Read more »
One thing you can count on is that once your truck starts to move, it will eventually need to stop. Hopefully, that stop is planned, of your own accord, and where you had hoped to come to a halt. Truck stops got their start in the USA as far back as the 1940s, with chain… Read more »
Full truckload (FTL) represents a significant portion of surface-based transportation within the domestic United States for the movement of goods. As such, shippers are accustomed to shipping with FTL. Full truckload shipping is reliable and has stood the test of time. However, if there is a shortage of truck drivers, shippers can face challenges moving… Read more »
Today’s business world requires frequent strategizing to keep up with the competition, including diversifying your client base. For England Logistics’ agents, this is particularly important. Absolute reliance on one group of clients can quickly expose your book of business to vulnerability. Profit will likely fluctuate if your single client group suddenly withdraws. Similarly, a change… Read more »
