With the new year just underway, the time has come for carriers to reflect on the year that was and how the new year will be better. 2021 provided carriers with challenges related to an ongoing pandemic and surging supply chain delays. However, through adaptation and planning, carriers are moving forward fearlessly into 2022. Here are three carrier planning keys for the coming new year.
Taxes
With Uncle Sam always looking to make a run at your hard-earned cash, tax savings matter. Indeed, carriers already have a growing business with an increasing ability to improve their taxation position ahead of the April showdown; however, a reminder never hurts.
It’s the winter season. Traction can be limited; strong tires can change the game. Could a tire upgrade (and tax write-off) be just what your business needs in 2022? It’s certainly worth consideration.
Recruiting
Is 2022 the year you move your business forward? What does that look like; does it mean hiring more drivers? It’s no secret that we are in the middle of a sizable driver shortage. Driver recruitment is huge. The question is, how are you planning to do it? One of the recent carrier planning trends to help recruit and retain drivers is to pay by the hour. This strategy helps drivers avoid the pitfalls of driver detention and any delays that mean trading their time for no compensation.
Another reality is that if you want to retain drivers, you must keep them paid on time. That means at least weekly paychecks. That isn’t always easy to do if you’re waiting on payment. Enter factoring.
Factoring helps you keep your drivers by ensuring you have the funds to pay them immediately. Not in a month.
Fuel
What is your fuel plan? Do your drivers have to come out of pocket at the pump? That isn’t always ideal. It can also be disorganized. A strong recommendation to ensure a consistent approach to fueling your fleet is a fuel line of credit. A fuel line of credit will ensure that your drivers have a reliable payment method every time. It also allows you to unlock significant fuel savings at the top truck stops in the nation. Plus, a fuel line of credit means your drivers have access to reliable funds for groceries, maintenance, and other fleet needs 24/7. If you aren’t harnessing the power of a fuel credit line for your fleet, consider it an excellent and easy upgrade for 2022.
As you plan for 2022, tire savings, efficient factoring, and exceptional fuel savings are yours for the taking. It’s a one-stop shop at England Carrier Services (ECS). Our team knows how to help you take your business to the next level in 2022 through carrier planning. We’re here for you, into 2022.
Get in contact with our team by giving us a call at 1-800-848-7810, or by visiting our website.
—
The England Carrier Services (ECS) division offers a variety of services for carriers ranging from maintenance to support. As ECS members, carriers have access to nationwide discounts on fuel and tires from dedicated team members committed to finding the best price. ECS also provides factoring services with benefits such as same-day funding to a bank account or fuel card. These options allow carriers the freedom to focus on growing their business while saving time and money.