The trucking business is very lucrative with the amount of freight in transport every day. However, it is also incredibly competitive given the many trucking companies that are already established. If you are an up-and-coming trucking company owner, competing with these big fish may seem like a challenge. You don’t have to worry; these five… Read more »
Hurricane season officially began June 1. The National Oceanic and Atmospheric Administration (NOAA) is predicting above normal activity for 2021. However, the activity is expected to be less than last season. NOAA’s projection includes six to ten hurricanes, with three to five of them classified as major. While this information may appear somewhat daunting, there… Read more »
With the passing of Memorial Day, summer is here. While the official mark on the calendar is June 21, hot weather and the pressure of long days in the sun are now upon us. It’s important that you pay attention to the needs of your body and your equipment as summer progresses. Below are a… Read more »
Truck stops began as a location for semi-trucks to have a convenient place to fuel along the main truck lines across the nation. Now, they’ve evolved into full service, driver-centric, homes away from home for hard working drivers. The variety of amenities these modernized truck stops offer are seemingly endless. With all of the offerings… Read more »
Have you ever heard the phrase, “Don’t put all your eggs in one basket?” In the business world, this phrase means you should avoid doing the majority of your business with just one or a few customers. Most credit companies consider your customer concentration when reviewing credit applications. If 25% of your revenue is coming… Read more »
The Commercial Vehicle Safety Alliance (CVSA) is holding its International Road Check May 4-6. During those 72 hours, vehicle inspectors conduct inspections for commercial vehicles throughout the United States, Mexico and Canada. The International Road Check program raises awareness of the North American Standard Inspection program and keeps highways and roads safe. Drivers and carriers… Read more »
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 »
