Cash is King! Observe any introductory corporate finance course and one will learn that this simple phase is one of the fundamental principles that any business must learn and adhere to. Keep cash on hand to maintain a healthy cash flow. Sounds simple enough, right? Just because a principle like “Cash is King” is easy… Read more »
You know that pre-trip inspections are required by law, but did you know that they could save you money as well? The Department of Transportation (DOT) has required that every driver must complete a pre-trip inspection before each shift. This is required to not only keep the driver safe, but to ensure the safety of… Read more »
Did you know that in the U.S. nine people die each day as a result of distracted driving? 80% of all car accidents are caused by distracted driving. 16% of all traffic related fatalities are caused by distracted drivers. The National Safety Council reports that cell phone usage causes 1.6 million car crashes in the… Read more »
Cargo claims are part of the transportation business and being educated on prevention can help minimize the number of claims that occur. When product goes missing or arrives damaged, the bill of lading (BOL) between the carrier and the shipper has been broken. If this happens, the shipper can then file a claim to recover… Read more »
Customer experience is the impression customers have of a brand as a whole throughout all aspects of the buying and service journey. The customer experience creates their view of a company and impacts factors related to the bottom-line including revenue, customer growth and retention. In business, the primary touchpoints that create the customer experience are people,… Read more »
The COVID-19 pandemic may be keeping more people at home, but the Commercial Vehicle Safety Alliance (CVSA) is still holding its annual Operation Safe Driver Week this week, July 12th-18th. This safety initiative, which takes place in North America, encourages law personnel to identify drivers who are operating vehicles unsafely. “It’s essential that this enforcement… Read more »
Every year the Commercial Vehicle Safety Alliance (CVSA) schedules their DOT inspection blitz during the month of May. With the emergence of the COVID-19 pandemic, the blitz was postponed until sometime later in 2020. While this postponement means you don’t have to worry about the official International Road Check blitz right now, it doesn’t mean… Read more »
Tires are one of the transportation industry’s top major expenses, accounting for approximately 2% of overall costs. When purchasing tires, many trucking businesses only think of the up-front costs of the tires. Improper tire care can affect productivity, uptime and fuel efficiency, costing you lots of time and money. The better the tire care, the… Read more »
Trucking companies have always been concerned about fuel quality and how to get the best performance for their vehicles. After all, trucks and fuel are two of the largest expenses in running a trucking company. One question that trucking companies ask is, are major truck stops better for fueling trucks? The answer is yes, and… Read more »
Have you ever given thought to how much you spend on tires in their lifetime? This total is referred to as the “total cost of ownership” in the tire industry. Despite having a relatively straightforward task of putting rubber to road, tires are subject to a variety of factors that can impact their total cost…. Read more »
