Blog

Is Supply Chain Financing Part of Your Growth Plan?

Businesses often look internally at funding their operation. For example, they consider the likes of equipment loans, factoring invoices, and even floor plan financing. However, it could be that supply chain financing is the solution you really need. Supply chain financing can help streamline the supply chain of inventory and raw materials, creating better cash […]

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How More Manufacturers Are Making Data-Driven Decisions

Post-Pandemic, Manufacturing is undergoing a shift in operations. The primary challenge to the current status quo is the increase in tariffs on US products. American companies are anticipating a rise in costs for raw materials, which will, in turn, be passed along to consumers. The concern here is losing the customer due to the price […]

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What Should Freight Companies Prepare For In The Fall?

2020 has been a difficult year for many businesses. Nobody could have anticipated the impact of coronavirus across every industry, leaving many businesses in turmoil. Freight companies have been no exception and have had to react and reevaluate in the wake of COVID-19. While coronavirus is still an ongoing threat, businesses are beginning to establish […]

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Construction Industry Update: What is the Outlook for the Final Quarter of 2020?

There is no denying that 2020 has been a year that a lot of businesses did not anticipate. It has been a much more difficult and challenging year than many would have planned for.  Over the past few months, the worldwide construction industry has been under intense stress due to the COVID-19 pandemic and the […]

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The Top 6 Safety Risks for Truckers and How To Avoid Them

Safety on shift is not a guarantee when you land your CDL.  The vigilance you feel as you prepared for your license test will fade, and experience will build, however too often we become more comfortable than we should behind the wheel of our big rigs.  If you’re used driving through congested cities, you might […]

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Developing a Construction Equipment Acquisition Plan

Business growth is typically the result of careful, strategic planning, and consistency in execution.  Despite that fact, the number of organizations with a formalized construction equipment acquisition plan is small; even when it comes to managing fleet age.  Instead, even seasoned fleet managers will find themselves managing repair and maintenance for existing equipment rather than […]

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Lease vs. Buy; An Industrial Equipment Dilemma

Technology and markets are continually evolving, dividing industrial companies into three broad categories: innovators, followers, and status-quo. What determines which camp a business falls into is largely decided by who is at the helm; are they a risk-taker or conservative with the company’s resources?  First we’ll distinguish leasing versus buying, then apply those differences to […]

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What Should Businesses Expect from Lenders Post-Pandemic?

It’s been more than 3 months since the first outbreaks were reported in the U.S., prompting massive shutdowns to communities and states across the nation.  With the shutdowns came reduced capacity for most industries as workers who were able turned to telecommuting from home.  Those who could not telecommute, particularly in service, manufacturing, and hospitality, […]

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Building Through COVID-19: Construction During The Pandemic

State by state, non-essential business employees are beginning to show up to the workplace again, signs the economy will begin moving ahead amid fears of a second wave of infections.  While some businesses and industries seemed to weather the storm better than most, such as healthcare, grocery retailers, certain eRetailers, construction has been subject to […]

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Transportation After The Pandemic: The Resilient Supply Chain

As consumers headed to stores in late March only to be greeted by empty shelves and a backlog of inventory resupplies for medical personnel, much of the nation began to feel like New York City after Sandy, or the Gulf after Florence: shortages on staples and emergency resources alike.  Existing freight lines were not tooled […]

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Where PPP Fell Short, Main Street Lending Program Picks Up

The Paycheck Protection Program has dominated the headlines for nearly a month, offering relief to small business across the US as they deal with the economic impact of COVID-19.  This program, while extremely helpful, left a large portion of the US business market unserved.  Many mid-market organizations, as well as, those supported by Private Equity […]

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Rethinking Logistics Amid COVID19: The New Freight Paradigm

One of the most well-established industries in America, logistics has experienced few true industry disrupters, from the introduction of air freight to last-mile delivery.  With each market shift, logistics companies were able to plan and integrate over time.  In recent history, crises have been regionalized, from hurricanes to earthquakes, maintaining capacity and regular freight schedules […]

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A Surge in One-Way Freight; Truckers Stepping Up To Meet Demand

I’m sure you’ve been to the grocery or big-box store in the last 3 weeks—paper products? GONE. Disinfectant sprays and wipes? OUT. Frozen foods and pasta? SLIM PICKINGS.  It seems our strength and resolve is being tested on three fronts: healthcare, economic, and grocery availability.  While medical professionals and pharmaceutical researchers are receiving an abundance […]

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Put It Out To Pasture: When Replacement Makes More Sense Than Repairing Machinery

When you buy heavy industrial machinery you spend a lot of time researching your next purchase, sometimes hiring consultants to aid in your selection process. The hope is that you can use this machine or piece of equipment for decades to come, however, in most instances this isn’t feasible due to wear and tear/costly repairs […]

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How Small Machine Shops Gain Competitive Edge

You’ve been in business for several decades or recently purchased an older, established machine shop from another proprietor and you’re sensing a squeeze from more competition and smaller margins.  Long-standing clients brought their prototyping in-house and are looking for ways to shave costs on manufacturing runs, pushing your prices lower to retain their business.  Is now […]

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Why It’s Time To Invest In Efficient Trucks & Trailers

Profitability can be elusive in the transportation industry.  From squeezed load fees from brokers to rising fuel costs, the variables seem endless.  It never feels like the right time to invest in a new semi truck or trailer.  However, while it seems like every cost is a variable outside of your control, there are some […]

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Demystifying the World of Team Driving

You just received your CDL and now you’re looking for a start in the freight industry.  The long-haul market is enticing, with higher per-mile rates and better guaranteed weekly miles offered by many carriers.  Then you read about per-mile rates for team drivers and you’re sold.  Team driving is a great way to get into […]

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Manufacturing Trends To Spot in 2020

As American companies have reinvested in manufacturing state-side these past few years, newer plants and installations mean we should expect to see the adoption of technologies with brand new equipment at a higher rate in North America than a decade ago.  From monitoring to speed and efficiency, some of the greatest tech to hit the […]

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Winter Driving Safety Tips for Truckers

After the holiday seasons it feels as though we’re headed out of winter, unfortunately that’s not really the case; most of winter’s worst is still to come.  Above the equator and especially in the snow belt, the effects of winter on driving conditions are often felt through March, and even into April some years.  For […]

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Understanding the Difference Between a Standard and Excess Surplus Line Insurance

Inherently risk-averse, we do what we can as individuals and business owners to minimize loss or liability from an incident.  Everything from continued training through insurance policies help mitigate risk by either reducing the likelihood of an event or financial recovery after an incident occurs.  But, while policyholders purchase plans to prevent loss, there are […]

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