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 »
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 »
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… Read more »
Every fall, the American Transportation Research Institute (ATRI) issues its report ranking the top issues facing the trucking industry. The report is compiled by surveying 2,500 industry stakeholders. This group includes carriers, drivers, suppliers, industry trainers and law enforcement. For the fifth year in a row, driver shortage topped the list, getting four times as many first-place… Read more »
Carriers must maintain high-quality tires across their fleet. Tires are a key part of your business. Making the right tire decisions can help move your business forward. Poorly maintained tires can lead to a host of fleet issues that can cost you a lot of unnecessary time and money. You need to remember that as you… Read more »
