Technology in Trucking
There is no doubt that technology is all around us and we use it every day. We also know that it is constantly changing with government mandates like ELD’s to track hours of service and the various apps of [...]
Understanding the Value of Your Tires & Casings
Maximizing Asset Value in Your Fleet When running a company of any size, making sure you are maximizing the value of all your assets has a huge impact on your profitability. It is easy to think about your [...]
What to Consider When Taking a FEMA Load
How to Help When a disaster hits, we all want to do our part to help. One way that truckers can give back is to help deliver the FEMA (Federal Emergency Management Agency) loads heading to the natural disaster. [...]
An Account Manager that Knows Your Business Makes the Difference
As an Account Manager, I work with about 75 to 100 different businesses. Every day is different, but I always know that I will get a glimpse into their work, whether that's hearing about an interesting load or a [...]
What is a Cash Reserve?
A cash reserve for a business is what a personal savings account is for an individual: a pool of savings to draw on when unexpected financial issues arise. A cash reserve can be the difference between going out of [...]
What is Transportation Factoring?
Transportation Factoring companies are financial institutions that buy a carrier’s receivables, take ownership of the invoice, and then collect on the amount due to provide the carrier immediate liquidity to fund their day-to-day operations. Why Fast Financing Is Crucial [...]
Recourse vs. Non-Recourse Factoring
Factoring companies have two primary types of agreements when it comes to funding your freight bills: recourse and non-recourse factoring. There are pros and cons to both types of agreements. As a client of a factoring company, you must [...]
Accurate Recordkeeping Impacts Your Cashflow
Currently, no uniform system of record keeping is available for the freight industry. While there are hundreds of computerized records keeping systems for transport carriers, the vast majority have no uniform system of cost accounts for yielding financial data to make freight pricing decisions.
Top 5 Pitfalls Transport Carriers are Facing
Successful businesses know how to harness financial statement data. But for transport carriers, government deregulation of the industry has made it hard to come by standardized facts and figures for decision making. Jerry Noonan, CPA and founder of CarrierNet, [...]
Cash is King: Tips on Making it Work for You
Cash Insights For the Trucking Industry As a business owner, you know cash on hand allows you to invest in new equipment, pay expenses and even negotiate more favorable terms. But operating a successful business is more than just [...]