Working capital is crucial to the success of trucking companies. However, as banks tighten credit requirements and lower lending limits, carriers need a reliable source of working capital to maintain operations. Banks and Working Capital Banks have been tightening their...

The past few years have seemed like a roller coaster for the trucking industry. Up until 2017, demand for capacity was very high. 2018 saw demand artificially increase due to threats of tariffs on products coming into the US from...

In both strong and soft economic conditions, two things remain constant. One, the trucking industry is the backbone of the American economy and allows commerce to take place on a national and international scale. Two, the constant need for working...

Since the first cases of COVID-19 were diagnosed, businesses in all industries have been looking for reliable sources of working capital. With new pressures placed on trucking companies to reinforce supply chains to keep products moving to businesses and customers...

2019 was a turbulent year for the trucking industry. The lag in demand forced trucking companies to lay off drivers and, in extreme cases, close up shop entirely. Our current situation with the COVID-19 pandemic has mixed things up even...

COVID-19 continues to have a huge impact on our population and our economy. The trucking industry is facing high demand from shippers and consumers alike to move goods, products, and equipment quickly and efficiently. However, with drivers suffering illness, and...

Small trucking companies need to maintain healthy cash flow to thrive and grow. While positive cash flow is essential to carriers of all sizes, any lag in revenue can result in small trucking companies being unable to pay bills, make...

The vehicle-miles-traveled tax (or VMT tax) is once again making its way to the forefront as lawmakers seek to fund the repair and maintenance of the highway system in the United States. Both the American Trucking Association and the Owner-Operator...

Throughout the United States, many carrier employees and owner-operators are ready to take the next step and launch their own trucking companies. They have the know-how and understanding of the industry, but starting a trucking company requires careful planning. There...

Many owners of trucking companies either handle accounting themselves, work with a CPA, or use cloud-based accounting services. While accounting can sometimes cause major headaches, there is a way to make things easier for your trucking company and ensure you...