Independent owner-operators are looking for ways to improve cash flow. With the recent ruling in California, and the nebulous state of New Jersey’s “gig economy” legislation, it is of the utmost importance that owner-operators maintain a healthy cash flow to...
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“Future-proofing” is a term normally reserved for the IT industry – creating networks and using technology that can hold up in a very innovative market. As the trucking industry becomes more reliant and integrated with technology, future-proofing everything from specialized...
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This year, many trucking companies are trying to position themselves for growth or simply improve cash flow. Unfortunately, both goals are very challenging when trucking companies are waiting on payments for receivables issued in 2019. Outstanding Receivables Because of staggered...
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It’s January, which means that analysts are trying to figure out the trends for gas prices in 2020 and how they will impact the trucking industry. However, the new year also being the roll-out of the International Maritime Organization’s low-sulfur...
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Recently, owner-operators found themselves in the crosshairs as California aimed to reclassify independent contractors as employees. The move, which was meant for the “gig economy” as a whole, threatened to greatly reduce pay for owner-operators. While other states, such as...
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In simplest terms, locked capital is used to categorize money that is either inaccessible, or funds that are allocated for other uses. For example, trucking fleets with existing loans have a portion of revenue locked to make monthly payments on...
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The federal Entry Level Driver (ELDT) rule was set to roll out in February of 2022. However, the Federal Motor Carrier Safety Administration (FMCSA) is proposing a delay of two years. Simplifying the ELDT Rule The ELDT was proposed as...
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The holiday season always brings a spike in retail commerce. Despite doom and gloom projections this year, the trucking industry is also experiencing growth, and the spike is once again coming from e-commerce. Shopping and Growth While the economic outlook...
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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 flow...
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