Owners of trucking companies may not have a background in finance, but it’s important to have a basic understanding of accounting. Even if you have a professional bookkeeper or accountant handling your books, you should be familiar with basic accounting terms and principles. This knowledge will help you understand the health of your business and warn you of problems that may be on the horizon.
The transportation industry is going through a volatile period, with various factors such as the economy, weather, foreign conflicts, and long-term supply chain issues all playing a role. The spot freight market can always be unpredictable but has been especially unstable recently. In this article, we’ll look at some factors that are affecting the freight industry along with some tips on preparing for future uncertainty. Read more
One of the best ways to keep up with the latest developments in the trucking industry is to attend live events and conferences throughout the year. These give you a chance to meet experts as well as other trucking business owners, drivers and everyone connected to the industry. Here is a guide to trucking industry events of 2022.
As 2022 quickly approaches, many are wondering what the immediate future holds for the freight market. It’s especially hard to predict the future right now, with uncertain economic conditions, the Covid-19 pandemic is still a factor and supply chain issues are affecting the nation. However, it’s possible to make some educated forecasts based on current data and conditions. Read more
Running a profitable trucking business isn’t easy these days. There’s lots of competition, fuel prices are rising and customers can be inconsistent with their orders and payment schedules. Nevertheless, there are certain strategies that can help you boost your profits and grow your company. Here are 10 of the best ways to make your trucking company more profitable.