Five Tips For Trucking Companies in a Turbulent Economy

Trucking companies are a crucial part of the global economy. Over 72% of the nation’s freight (10.93 billion tons in 2021) was moved by trucks. Commercial trucks paid close to $48.5 billion in both state and federal taxes for fuel, …

The freight broker market can be turbulent, with brokers constantly coming and going. It is crucial for clients to interact with reputable brokers and receive real-time updates on their credit ratings. The credit score of a broker might fluctuate hour …

One of the most stressful decisions a company can make is finding the right financial partners. Low rates are great, but they’re not ideal if it’s impossible to get help when you need it. You want to start factoring your …

Cutting your trucking company’s expenses makes a big difference when it comes to running your business. Some companies avoid real-time load tracking due to the equipment cost and the monthly subscription. Brands and subscription services vary, but it can cost …

The economy has been anything but steady lately, and all of this turbulence has some people worried about their financial standing. After a rate increase, it can take a couple of billing cycles before adjustable loans and credit card interest …

You’ve heard the term invoice factoring while trying to find a faster way to get paid. You’ve also seen freight factoring popping up in the same search. You’re confused and don’t understand what the differences are. Are they the same …

The federal reserve has made a historic 8 rate hikes over the past 18 months, bringing the benchmark rate from near 0% to 4.75%.  This rate impacts everything from credit card interest to mortgage rates to car loans to of …

While it does vary from one company to the next, the average truck driver travels upwards of 3,000 miles a week. Summer travel can be stressful as construction projects kick into gear, so there can be more delays due to …

In 2022, four of the nation’s largest trucking companies filed for bankruptcy due to increasing operating expenses, fuel costs, and wages. Many other smaller companies also went out of business. The economy isn’t stable, and it’s time to worry about …

In the past year, the U.S. Federal Reserve hiked interest rates eight times. Back in March 2022, the first hike brought the funds rate from 0.25% to 0.5%. Rate increases of 0.5% to 0.75% took place every few months. The …