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Five Tips For Trucking Companies in a Turbulent Economy

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 Importance of Real-Time Credit Checks

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 …

How to Ensure That Your Freight Factoring Company Is Trustworthy

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 …

Real-Time Load Tracking: Why It Matters for Your Business

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 …

How Many More Interest Rate Hikes Are Expected in 2023 & When Will Rate Cuts Start?

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 …

Freight Factoring vs. Invoice Factoring: What’s the Difference?

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 …

Navigating the Unpredictable: Saint John Capital Helps Businesses Thrive in Volatile Market

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 …

Tips For Preparing Your Rig For Summer

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 …

Why Getting Paid Fast For Your Loads Matters For Your Business

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 …

Interest rates

How Many Interest Rate Hikes Are Expected In 2023

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 …

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