Starting and running your own business is never a simple undertaking, but those who run their own trucking businesses have their own unique set of challenges. Several variables are considered when calculating the expected business operating costs. On average, an owner-operator trucking business needs to bring in $180,000 each year just to break even, which comes […]
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 […]
Be Prepared: Transportation Insurance For On & Off Dispatch
One of the great joys of trucking is the opportunity for an individual to move from employee to owner of a small business with relative ease. Set your own schedule, develop new clientele, expand your business, and afford you the flexibility to run your business inside and outside the cab of your rig. It’s not […]
Getting Paid: 4 Effective Collection Strategies
You’re already having success finding work, but you’re finding the back-office and bill collection on loads delivered is taking too long or your communicating with the customer only after the bill is past due. At that point, cash flow is non-existent and you’re either dipping into your reserves, borrowing for operating expenses, or even worse, […]
Save Money Through Negotiated Insurance Rates
When you’re the owner-operator of a trucking business, saving money is as important as making it. One expense that can add up quickly is insurance. For a trucking business, the main insurance types to consider are general liability, workers compensation, commercial auto, property, and excess liability. All of these types of insurance can potentially be […]