As North America adjusts during the COVID-19 outbreak, and trucking businesses continue to facilitate important deliveries across the country, carriers are faced with many issues they haven’t experienced before. Through all of these changes, it’s important for carriers to know that there are small business financial assistance programs to assist if you find your business… Read more »
As the impact of COVID-19 increases in severity, our role as members of the transportation industry becomes increasingly significant in maintaining the supply chain. It is imperative at this critical time that necessary supplies and products are being shipped and arriving safe and on-time. Your work as a truck driver is more vital than ever… Read more »
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 »
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 »
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 »
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 »
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 »
If you’ve been driving a truck for a while, you may understand that well-planned routes and delivery times can oftentimes shift due to poor traffic, inclement weather, or lack of planning. No one likes spending unwanted time on the road, especially when it’s during the holidays. How do you avoid getting stuck on the road?… Read more »
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 »
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 »
