The trucking industry is starting to gain a firm foothold in the economy, despite the challenges posed by pandemic restrictions, high unemployment in other sectors, and new legislation. In order for trucking companies and owner-operators to keep up their momentum,...
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While unemployment is high in other industries, trucking is pulling ahead. Trucking industry analysts are pointing to a driver shortage of roughly 50,000. The shortage, combines with high demand, has created a perfect situation for anyone looking for a new...
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In the trucking industry, cash flow deficits can be a recurring issue. While short-term loans might seem like a viable solution, the reality is they can cause larger problems further down the line. What causes cash flow deficits? Cash flow...
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Since the trucking industry is leading economic averages across almost every industry, the need for working capital is of the utmost importance to maintain momentum so the economy can get back on its feet. Working Capital Challenges The Trucking Industry...
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If you had a magic eight-ball, all of the answers for 2020 would be “the outlook is uncertain.” For every region and industry in the United States that opens up, a new spike on COVID-19 infections sets everything back to...
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If 2020 were a magic eight-ball, the results right now would be “outlook uncertain.” The economy is reopening in spurts, but spikes in COVID-19 infections are also preventing other areas from gaining the foothold they need to get up and...
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Cash flow has become the main focus for trucking fleets of every size. Especially now, when trucking companies need to maximize their access to working capital, speeding up cash flow can make a huge difference long-term financial health. Shippers and...
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The Owner-Operator Independent Drivers Association (OOIDA) is placing pressure on Congress to either eliminate or suspend two trucking taxes to provide economic relief to carriers and independent drivers. Heavy Vehicle Use Tax Among trucking taxes the Heavy Vehicle Use Tax...
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Driver retention has been a big focus over the past five years. The reports of an ever-present driver shortage seem to be a mainstay in the news, and older truckers are preparing for retirement, leaving a gap for new hires,...
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While essential supply chains are the domain on Class-8 vehicles, trucking companies are realizing the need for medium-duty vehicles to stay competitive and relevant. While medium-duty vehicles may not have the capacity of larger trucks, their role is just as...
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