How to Grow Your Business Faster in 2023 with Working Capital Solutions
Growth is essential for any business, and one of the most critical factors in achieving this growth is having enough working capital. Working capital is a business’s money available to cover its short-term expenses, such as payroll and inventory. With sufficient working capital, companies can meet their financial obligations, and even explore new markets or […]
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U.S. Manufacturing Industry Recap from 2022
The U.S. manufacturing industry had a strong year in 2022, with output rising more than expected and productivity increasing significantly. This was due to a combination of factors, including the continued growth of the economy, new technology investments, and the recovery from the Covid-19 pandemic. What Manufacturing Industry Analysts Observed In October 2022, GBQ hosted […]
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6 Tips for Big Rig Maintenance & Safety During Winter
Winter is a challenging time for truck drivers. With icy roads, snowstorms, and freezing temperatures, it’s essential to take extra precautions when driving a big rig. Here are six tips for semi truck maintenance & safety during winter: Winterize Fleet Vehicles: Before the weather worsens, ensure your vehicles are serviced for routine maintenance. This includes […]
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5 Ways Invoice Factoring Fuels Business Growth
Invoicing has always been essential to running a successful business, but invoice factoring can take it to the next level. By utilizing invoice financing companies, small businesses can gain access to otherwise unavailable capital. With this injection of cash, business owners can make better decisions and expand their operations quickly—so here’s how invoice factoring can […]
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“Lot Full” – The Truck Parking Crisis
313,000 trucker parking spots. Nationwide. Sounds like a lot until you realize there are around 3.5 million truckers in America. But it’s less about how we got here, where do we go from here? The Challenges of Parking for Truckers Across America Truckers face a unique set of challenges when it comes to parking. With […]
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Improving Machine Shop Efficiency with New Equipment
Are you looking to make your machine shop more efficient and productive? Installing new equipment can be a great way to achieve this goal, but financing these purchases can be intimidating. Luckily, there are several solutions available to help streamline the entire process and get you the tools you need to improve your shop’s productivity. […]
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The Influence of Video Telematics on Fleet Insurance Costs
The rise of video telematics has been a game-changer for many industries, but none more so than in the transportation sector. By utilizing real-time data, fleet operators can now make informed decisions on how to save money regarding their insurance costs. Here’s how video telematics is driving down insurance costs for fleet operators. Improved Risk […]
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How Transportation Companies Take Action on Mountains of Data
Data has become a critical asset in the transportation industry. Still, with so much data coming in from various sources, it can take time for companies to sift through it all and find helpful information. Companies must develop strategies for sorting out valuable bits of data from the noise—here are some tips on how transportation […]
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How Big Data is Transforming the Transportation Industry
When you hear the term “big data” chances are your mind quickly turns to tech companies, or possibly final-mile logistics for global retailers such as Amazon.com, but have you considered how the aggregation of data even within the independent and regional fleet impact freight prices industry-wide? Even if smaller carriers don’t have the ability to […]
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Line of Credit vs Working Capital Solutions: Which Should You Choose?
Financing through a challenging economic climate or a rapid change in your business such as unexpected orders, sudden growth, or entering a new market can be daunting. Choosing the right solution for financing through the changes can change the way you use the capital, when, and how much you choose to draw. Let’s dive into […]
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4 Ways Freight Bill Factoring Helps Trucking Companies Succeed
If you’re a veteran trucker, or already looking at cash flow solutions for your business, you’re likely familiar with freight bill factoring which means you’re ahead of the curve. This factoring primer is for the new owner-operator, or business owner who’s either boot-strapped the business to this point, or whittling away at a bank loan […]
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Are You A Construction Business Insurance Companies Want To Insure?
It’s a quite challenging time to be in the construction industry. Though many areas of the country are seeing increasing demand for new homes and commercial buildings, companies themselves are struggling with a robust economy that has one of the lowest unemployment rates in recent history. In fact, in the fall, the construction industry experienced […]
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Protecting Your Business from Common COVID Relief Scams
As small businesses brace for the impact of COVID-19, they are increasingly becoming targets of scammers looking to take advantage of the situation. From fraudulent unemployment benefits to middleman intercepts of SBA loans, small businesses are being hit from all sides by scammers looking to profit from the pandemic. In this post, we’ll look at […]
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Building Your Business on Healthy Profit Margins
Some companies start off with a rich, financially sound backing due to investors. Some founders launch new businesses off of successfully built and sold companies. Others are brand new startups, just being launched from an idea. In all cases, profits should matter. Companies must pay close attention to not just if they are selling product […]
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Choosing the Right Freight Company To Contract Through
For years you’ve been dreaming of hitting the open road, being your own boss, and making a solid living and now you’re ready. CDL in hand, has the vision of launching your own trucking company, but you need to get your feet wet with a larger carrier to learn the ropes and get some revenue. […]
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How You Know It’s Time To Upgrade Your Construction Equipment
It’s not always easy to decide when it’s time to upgrade your construction equipment. After all, repairs can be expensive, and you don’t want to spend more money than you have to. However, there are a few factors you should consider when making this decision. In this blog post, we will discuss the benefits of […]
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Is Now The Time To Go Green? Weighing Risks & Rewards
Before March of 2020, the pressure was mounting for businesses across nearly every industry to adopt sustainability practices, including reducing energy consumption, recycling, and reducing the usage of consumable products within the workplace. For some businesses, this change included investing in new, high-efficiency equipment, or capital expenditure in remodeling or retrofitting their facilities with everything […]
Read MoreImprove Manufacturing Profitability Through Sustainability
As a manufacturer in the U.S., a common misconception is that focusing on sustainability is a result of government involvement and leads to decreased performance and profitability. While government does play a hand in moving many industries toward sustainable practices, this doesn’t have to be a negative nor costly move. We’ve all seen the headlines […]
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Technology Trends Redefining Robotics in Manufacturing
If automation was not already on the rise prior to the pandemic, a global slowdown and reduction in available workforce accelerated creative thinking among manufacturing leaders around the globe. Here are some of the automation and AI trends that are transforming manufacturing today. The Rise of “Cobots” One of the most significant changes we are […]
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How Collateral Value Can Influence Your Loan Interest Rate
A lot of people don’t realize just how many different factors go into determining financing rates related to items like printing presses, vertical mills, industrial planers and other types of commercial industrial equipment. The business and owner’s/guarantor’s credit score plays a role in determining your rates, yes – but that’s just one small part of […]
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