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Mastering Cash Flow with Invoice Factoring

All businesses require cash flow to function; certainly the trucking industry is no exception to that rule.  In fact, with the high operational costs including insurance, fuel, equipment financing and regular maintenance, being tied to a 30-60-90 day pay on invoices makes operating your own trucking business a challenge, let alone growing the business. The […]

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“Can Your Tractor Do That?” Finding The Right Heavy Machine For Your Business

When you have a construction business your goal is to get the job done in the least amount of time and expense. Part of this process involves choosing the right tractor or piece of heavy machinery for your business. While you would not buy a tractor just to tackle one task, you can make more of […]

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Is Short Haul Trucking For Me? The Owner Operator’s Dilemma

When you first considered becoming a trucker, the image that came to mind was a big tractor trailer on the open road, right?  Well, a growing percentage of trucking is moving into what is categorized as “short haul” trucking, meaning under 150 mile delivery radius. Over the last few decades, larger carriers are introducing more depots […]

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How to Choose The Right Trucking Company

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, 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.  While you […]

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Financing Your First Big Rig

You’re probably familiar with the process: you walk into your local car dealership, peruse the lot, and are pounced on by an eager salesperson.  After a bit of chit-chat, you take the car out for a test drive, pop the hood, and you might even do some quick research online on your phone to see […]

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3 Tips for Growing Businesses

You no doubt caught the headline and were intrigued; either searching for business growth strategies or are a regular reader of our posts.  One item to note: there is no “silver bullet” approach to business growth except through smart decisions, hard work, and a little luck.  What we’ve pulled together is a handful of tips […]

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Top Tips for Avoiding CSA Penalties

As any trucker will tell you, while at it’s heart, the Compliance, Safety, and Accountability initiative by the Federal Motor Carrier Safety Administration is designed to make the roads safer for commercial and public drivers through regular safety checks of vehicles.  When simple maintenance items fall out of operating specifications, a penalty is issued.  The […]

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Improve 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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Lease vs. Loan: What’s The Best Way To Finance A Big Rig?

When purchasing a new truck or trailer, you’re often faced with the question of whether to lease or purchase the truck or trailer.  Depending on your intended use, long-term goals, financing incentives, and tax situation, one method may be more favorable than the other. What’s the Difference? In short, a loan is borrowing money to purchase […]

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Trucking Tips: Planning Your Delivery

When you are a trucker your livelihood depends on your ability to get to your destination as quickly as possible. This requires you to commit to a trip check list for preparation. After all, the last thing you need is to have to take a detour to go buy essentials, such as a pair of work […]

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How to Avoid Spending Traps as an OTR Trucker

One of the sneakiest expenses of trucking involves items you can’t live without. Food, showers, tools and laundry services are just a few of your added costs over the road. If you want to reduce your operating cost, drill into these ancillary costs by saving money as a trucker. Here are some tips, focusing on […]

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Increase in Equipment Finance Consolidation After Major Player Sell-Off

Market conditions are ripe for new mergers and acquisitions in the equipment finance industry, as a slowdown in new equipment sales and the sell-off of significant assets by industry giant GE Capital Corp.  A substantial portion of GE’s assets have already been acquired by BMO Financial Group and Wells Fargo & Co., however such a […]

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Discovering New Bus Contracts

Prior to the COVID-19 pandemic, the 2019 scheduled and charter bus service market in the U.S. exceeded $6.6B in revenue.  While market contractions with travel restrictions and closures contracted the market for 2021 and 2022, as more states and communities open up, markets are expected to stabilize, with pre-pandemic growth rates expected in the short […]

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Trucking Business Basics #3: Growing Your Trucking Company

In the third post of our series on Starting Your Trucking Business we are going to focus on how to find freight companies worth your while. As with any part of your business plan, the way you source customers now will change as your trucking business grows. The key when starting out is developing a […]

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Trucking Business Basics #2: Establishing Your Owner Operator Status

Now that you have begun the process of Starting Your Trucking Business, it’s time to take the next step. First you have to decide which trucking market will best suit your business goals. You will need to commit to a market as your CDL and trucking equipment will vary depending on the types of truck […]

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Trucking Business Basics #1: Starting Your Truck Driving Business

Driving a semi truck for someone else isn’t exactly a glamorous job. According to the Occupational Handbook, a semi truck driver will typically make just under $40,000 per year. The job has some challenges too. It requires long hours in a vehicle, and often drivers are required to spend several days on the road away from […]

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