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...

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...

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 in long-term financial health. Shippers...

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...

The Outbound Volume Index is currently 25% above average, which means there is currently high demand for products, resulting in increased revenue for the trucking industry. Some analysts believe that there is a freight bubble forming, and that revenues will...

Maintaining finances for a fleet of any size is a careful balancing act. Expenses cannot exceed revenue, and cash flow must stay healthy at all times to ensure there is ample working capital on hand to cover payroll, overhead, and...

At the start of July, the United States-Mexico-Canada Agreement (USMCA) went into effect. While overtly, the agreement does not differ greatly from NAFTA which originated roughly a quarter of a century ago, The finer points could open up opportunities for...

Cities across the United States are lifting restrictions and entering “Phase 2” of the reopening process. This means more businesses are opening their doors, which in-turn could result in trucking expansion. Phase 2 To understand Phase 2, we need to...

Small carriers may not have the pull or volume of businesses of larger fleets, but they can do things that large trucking companies can’t. Small carriers can provide “last mile” services. This has been crucial during the COVID-19 pandemic, and...

Shipping rates are experiencing downward pressure in some markets. Even as some states reopen during the pandemic in a move to kick-start the economy, shippers and brokers still maintain leverage over shipping rates, often to the detriment of carriers and...