Nearly all business sectors are feeling the economy’s weight, and trucking is not any different. Challenges continue even as more shopping goes to the web increasing the demand for shipping and transport services. Freight rates are up and down, truckers suffer past due invoices and high operation costs causing financial constraints. Most affected are startup firms and solopreneur drivers. Late payments can cause cash flow hiccups amid a tough economy further affecting supply chains. Startup trucking companies are betting Congress’s long-awaited stimulus package might help remedy these cash flow issues. After all, News from CCJ reports hint Round One of […]

The trucking industry is strongly contributing to the U.S. economy. It supplies goods and jobs to local businesses and communities. So, it’s too important to keep the industry thriving. This article will tell you more about the topic and will help you get a merchant cash advance from a reliable provider. Grow Your Trucking Business: Get a Merchant Cash Advance The trucking industry generates hundreds of billions of dollars in freight revenue, according to the American Trucking Associations (ATA). It accounts for over 5% of all the full-time jobs in the U.S. In recent years, the industry has witnessed an […]

Running a successful trucking business can be a profitable adventure, but only if you operate in a way that gives you an edge over your competitors. Owning a thriving trucking business calls for more than being a good truck driver or knowing the routes to take. Below are the tips to complement your exceptional driving skills and turn your trucking business dream into a reality. Excellent targeting – focus on the right market Accurate targeting sets you on the road to success in any business, and not just in trucking. The audience you choose to serve will help you decide […]

Unfavorable working conditions like old trucks and unforgiving driving schedules scared away truck drivers, and now the industry is short of an entire 51,000 drivers. In a bid to fill in the gaps, the industry is improving the driver’s experience to lure more staff including women into the sector. C.R. England is one of the leading truck companies in the country. It employs over 6500 drivers. The firm pays novices a starting salary of $40,000/year and the pay increases with experience, with the best drivers earning six-figure salaries. The freight company is currently improving conditions for workers and offering high […]

Trucks move about 71% of the nation’s freight by weight, according to the American Trucking Associations. The trucking industry generated $738.9 billion in gross freight, representing 81.5% of the nation’s freight bill in 2016. Whether you are an owner-operator looking to start a trucking company, these numbers show this is an industry that offers great potential. It will take hard work and planning, but if you follow these 7 steps you will be on the road to building a successful trucking business. 1.    Create a Business Plan Before you start a trucking company, you will need to know your […]

Are you a trucking business owner in need of business funding? If yes, it’s critical for you to find a reliable and affordable business financing provider. Since your business is considered high risk, it’s important to turn to an expert lender that specializes in the field. To get to know how you can get access to the necessary working capital, just read below. Interested in Financing for Trucking Companies? The availability of funds is too important for trucking business owners. Otherwise, they can’t stay organized, keep the trucks on the road, and maintain a staff of competent and committed drivers. […]

If you wish to remain competitive in the trucking industry, it’s critical that you continue to invest in your business. Trucks and trailers require maintenance, wearable parts will need to be replaced, annual registrations and certifications must be paid for, etc. In addition to these expenses, you’ll still have driver’s wages, liability insurance and toll and fuel costs. In order to manage these expenses and continue to grow your business, you’ll need to find a reliable source of small business capital. Without access to quick cash, your business could miss opportunities to expand. Lack of cash flow could also (quickly) […]

Some business owners use their own resources to finance their startups. Others need additional capital from an outside source. Modern lending landscape is constantly developing, and there are more financing options available to small-business owners nowadays than ever before. Today, non-bank online lenders offer more choices to business owners. It is important to evaluate the pricing, terms and rates offered by each lender and make the right decision. Below you can find the top things to take into account when evaluating lenders: Comprehensive Small Business Offerings Research and assess all the available options. Look for resources that will help you […]

Without money, you can never take your business off the ground and make your dreams come true. First of all, you should find the necessary business capital to fund your startup so to be able to focus on product development and marketing. If you’re interested in how you could get business financing for your startup, consider one of the options mentioned below. Before you’ll go through all these options, consider turning to a reputable business loan provider like firstamericanmerchant.com. First American Merchant (FAM) offers the best business funding opportunities in the field. As a reliable payment processor, FAM specializes in […]

Nearly all businesses of the same scale have the same key goals across different industries. According to a 2016 Q4 survey, small businesses want to see improvement in business efficiencies, increase profitability, spend less time on the actual business and generally see business growth. A small percentage of these businesses are already actively employing measures to attain the desired growth. A larger percentage of them are however aware of what they need but are yet to make any notable steps toward achieving the same. They need to make changes that will enable them to either expand their customer base or […]