For many fleets and independent drivers, having access to working capital is the key to success. However, since the majority of working capital comes from customer orders, having unsettled accounts can tie up money which can be used for growth,...

Earlier this month, diesel prices hit a 13-month high of $2.49 per gallon. Diesel prices have been climbing for a while now, forcing trucking companies and independent drivers to tighten their belts and consider shifting their billing practices. Hitting The...

The scenario is far too common among independent drivers and fleet owners. Funding is needed for any number of purposes, such as business growth, equipment upgrades, or working capital to take the strain off of cash flow. The fleet owner...

Over the past year, truck drivers have increased mobile phone usage by nearly 60 percent. The increase in usage is not due to actual calls, but rather that truckers are using mobile apps more frequently to make business run smoother....

As the trucking industry moves toward 2017, independent operators and fleet owners are making preparations to file taxes. In order to adjust for sales made in December, and ensure accurate reporting for either the end of the fourth quarter, or...

Earlier this month, the Nikola Motor Company unveiled a prototype for a hydrogen-fueled semi. The hydrogen fuel cell contained in the vehicle is going to signal a mass production of electric trucks, starting in 2020. The capital and incentive to...

One of the most common obstacles facing fleet owners and independent owner-operators alike is the lag in customer payments from open invoices. Drivers and fleet owners who issue invoices to customers with aging periods of 30 days or longer, can...

With winter setting in and the holiday season upon us, owner-operators and fleet owners are experiencing a big spike in delivery orders. Both weather and traffic will be treacherous, and the pressure to make deliveries is high. For these reasons...

In the freight and shipping industries, business owners are often on the lookout for working capital solutions which provide flexibility for short term periods. Recently, merchant cash advances have been on the rise, and many business owners in the shipping...

If you’re having problems with funding payroll, you aren’t alone. If you’re an owner or general manager in the transportation industry, you know just how tough it can be to cover the margins with your expenses. And nowhere does this become more apparent than...