How to Solve Cash Flow Problems for Your Trucking Company

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How to solve cash flow problems using factoring

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 »

3 Things to Look for in a Fuel Program

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3 Things to Look for in a Fuel Program

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 »

4 Reasons Why Factoring Helps Your Trucking Business

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Benefits of Factoring and Fuel for Trucking Business

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 »

Why is Truck Maintenance Important?

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Truck maintenance is important to keep your truck on the road

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 »

5 Simple Steps to Creating a Budget for Your Business

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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 »

Managing the Risks of Road Service

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If you’ve been in the transportation industry for any amount of time, you have experienced some sort of drivability issue while on the road. Whether it’s a blown-out tire or mechanical issue, operating issues can be stressful and dangerous. Most companies have policies against pulling over on the shoulder of the road unless there’s a… Read more »

Take Advantage of Tax Deductions

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As the end of the financial year quickly approaches, don’t wait too long to capitalize on all of your eligible tax deductions. Most expenses related to running your business can be tax deductible. It’s important to remember that these deductions apply to carriers who are operating under independent authority as well as for carriers who… Read more »

How to Choose a Top Tire Installation Company

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Despite being a significant safety feature on a truck, tires are one of the least understood components of a vehicle. This lack of awareness can be attributed to the vast amount of tire brands with little associated information about their many different products. Tires provide the sole connection between your truck and the road. If… Read more »

Dirty Diesel Fuel

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Dirty diesel. What is it? Why should you care? Dirty diesel fuel is fuel that has built up sludge, slime, grime, and is likely not fit for use. Diesel fuel that has been sitting in storage tanks for long periods of time without proper testing or treatment starts to go bad. This is the stuff… Read more »