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...

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...

The federal Entry Level Driver (ELDT) rule was set to roll out in February 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 a...

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...

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...

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...

The freight industry has weathered a number of challenges throughout 2019. But as we head into 2020, there are a few key points that should be “top of mind” for anyone in the freight industry. Scouting New Hires in 2020...

Data providers, telematics, hardware communications systems – today’s trucking industry is leveraging more technology to improve supply chains, increase safety, and provide increased communication between the driver, vehicle, carrier, and shipper. However, the new business model of technology as a...

Starting in 2020, the FMCSA’s Drug and Alcohol Clearinghouse will be working to full capacity. Carriers will be able to check the records of drivers to see if they have failed any drug tests, which will make them ineligible for...

Staggered payments have been baked into the trucking industry since its inception. Staggered payments are a common business practice, and a courtesy extended to clients who need freight services. However, how things look on paper and how they work in...