We have been hearing the word “recession” come up quite a bit for the past few months. If you read three different news sources, you are going to come away with three different answers about whether or not the trucking...
For the past few years, the trucking industry has had the benefit of flexible credit standards. As the economy recovered from the Great Recession of 2008, lenders saw the importance of the trucking industry and the revenue generated by trucking...
We are used to hearing about scams targeting the elderly, and even scams involving getting people’s credit card numbers by pretending to be computer technicians. However, the latest scam comes in the form of a DOT email and targets truckers...
Every trucking company needs capital to maintain and grow its operations. In the trucking industry, fleet owners rely on loans for everything from working capital to smoothing out uneven revenue cycles and expanding their companies. However, freight factoring can also...
A few months ago, there was talk in Washington, DC, about relaxing the HOS rules set by the FMCSA. Initially designed with an emphasis on safety and efficiency, the HOS rules that went hand-in-hand with the ELD mandate in December...
Last year, the mad dash by shippers to move products and materials from overseas and across the border ended with the trucking industry generating roughly $100 billion more than previous years. While 2019 saw a big winddown compared to the...
The premise seems simple enough. For trucking companies of all sizes to maintain operations and grow successfully, they need capital and fuel. However, after a number of market disruptions and lowered rates in 2019, keeping ample levels of capital and...
The debt cycle is nothing new to trucking companies. If fleet owners are not leasing vehicles and other equipment, the chances are pretty good that they took out a loan to make their purchases. Similarly, when there is a merger...
Since the use of electronic logging devices became mandatory, truckers have been trying to adjust to new hours of service, and both the trucking industry and the government are realizing some obstacles in the legislation, specifically for the transportation of...
Last month, a large group called the Modernize the Truck Fleet coalition started to make a push to eliminate the federal excise tax on the trucking industry. The tax costs the trucking industry roughly $3 billion every year, with the...
