Category Archives: Blog & News

The Bureau of Transportation Statistics reports that the U.S. has approximately 1 million self-employed transportation workers. Truck drivers (heavy and tractor-trailer) account for close to 165,000 self-employed workers. Light trucks and delivery services account for 88,300 of these independent truckers. …

Freight Waves reports that layoffs in the freight and manufacturing industries are impacting people across the nation. With big names like Amazon laying off tens of thousands, dairy producers like Hood and Saputo Cheese USA laying off or closing plants, …

In the first half of October, six freight/shipping companies filed for bankruptcy. Among the most common reasons for their financial challenges are: Decline in freight volume Increased fuel costs Poor cash flow Rising insurance costs Unaffordable equipment loans Unpaid invoices …

Refrigerated, flatbed, and hazardous loads often have higher per-mile rates, but there’s a downside. If you look just at driver wages, studies find wages and benefits start at 84.7 cents per mile. Compare that to 81.7 cents per mile for …

Trucking company owners or owner-operator businesses have two key options. You can work for a broker or shipper using long-term contract rates or spot rates. Spot rates are a one-time price used to move freight. As it’s a one-time job, …

The end of summer tends to be peak harvesting times across the U.S. From orchards with apples ready for harvesting to soy and corn crops that are ready, it’s a busy time of year for the agricultural sector. Yet, the …

Findings show that nine out of 10 new owner-operators and small trucking companies fail. Even experienced trucking company owners struggle. Consider RBX, Inc., a carrier that struggled financially and filed for bankruptcy after 40 years in business because its debts …

Freight factoring is a solid way to build a strong cash flow and ensure you’re paid on time for the hard work you and your drivers do. However, it’s also a partnership where you cannot let the management of your …

Optimized routes have the power to reduce fuel consumption and operating costs by as much as 20%. It’s one of the best ways to improve your trucking company’s profits.  Did you know that fuel card data is a powerful tool …

Several concerning facts came out with the 2025 release of the American Transportation Research Institute’s “An Analysis of the Operational Costs of Trucking.” Driver benefit costs increased by almost 5%. Driver wages are up by almost 2.5%. Truck and trailer …