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Debt seems like a necessary evil in the trucking industry. Trucking companies take out loans to purchase equipment, expand facilities, and even use short-term loans to overcome cash flow issues. One New Year’s resolution trucking companies should make is to...
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An uptick in consumer confidence bodes well for the fourth quarter of 2019, and fleet owners can position themselves for growth in 2020. However, having access to working capital is going to be of the utmost importance, so maximizing cash...
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The freight industry has weathered a number of challenges throughout 2019. But as we head into 2020, there are a few key points that should be “top of mind” for anyone in the freight industry. Scouting New Hires in 2020...
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Data providers, telematics, hardware communications systems – today’s trucking industry is leveraging more technology to improve supply chains, increase safety, and provide increased communication between the driver, vehicle, carrier, and shipper. However, the new business model of technology as a...
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Starting in 2020, the FMCSA’s Drug and Alcohol Clearinghouse will be working to full capacity. Carriers will be able to check the records of drivers to see if they have failed any drug tests, which will make them ineligible for...
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Staggered payments have been baked into the trucking industry since its inception. Staggered payments are a common business practice, and a courtesy extended to clients who need freight services. However, how things look on paper and how they work in...
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In some regions of the United States, winter has already settled in with sharp drops in temperature, precipitation, and ice. While the National Oceanic and Atmospheric Administration (NOAA) has predicted warmer-than-usual temperatures throughout most of the country, Arctic oscillation may...
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Despite an overall reduction in demand, the trucking industry continues to grow. Last month, trucking companies expanded their payrolls and added 1,300 jobs. Since this time last year, roughly 11,000 jobs have been added to the trucking industry. Hiring truckers...
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Since 2010, the number of women truckers has increased by 68 percent. As of last year, the total number of women drivers in the trucking industry rested at 234,234. So what is drawing such an influx of women truckers to...
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A few months ago, we reported that there were motions to open up trucking opportunities to help 18- to 20-year-olds launch careers hauling shipments across state lines. Recently, the Department of Transportation rolled out a website that will help younger...
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