Finding new leads has always been one of the main challenges faced by freight brokers. In order to find a steady supply of qualified leads, you need to learn as much as possible about shippers and the items they transport. Here are some of the most effective ways for freight brokers to generate new business. Read more
Create a Trucking Business Plan
So, you’ve decided to start your own trucking business. You’re tired of “working for the man” and you want to be the master of your own destiny. You have your own truck lined up, a few years of experience, a customer that wants you to haul for them and you have some money put away to help get you started.
You have done the research in the trucking industry; spent hours online and checked out dozens of websites including OOIDA, DAT, Tucker’s Report and more that explain authority, insurance (truck/health), profitability formulas, load boards, ELD services, compliance, taxes, etc. You’ve talked to some other drivers that either currently have their own business or used to. A family member has agreed to help you out by handling paperwork and assistance managing the load boards. You’re all set! Read more
Riviera Finance, a nation-wide freight bill factoring company can help freight providers for Stanley Black & Decker affected by the IPS Worldwide bankruptcy to get paid on their current invoices. Riviera will guarantee the credit of any invoices they purchase so the carrier can eliminate credit risk and will be paid within 24 hours of verified delivery.
Freight and trucking companies depend on healthy cash flow to stay on the road. As with most businesses, you probably experience fluctuations depending on the time of the year and economic conditions. You need cash to pay drivers, maintain your vehicles, purchase fuel and cover other business expenses. Truck factoring services is a way to ensure that you always have cash on hand. Read more
The trucking industry is experiencing quite a bit of growth right now, largely fueled by e-commerce. While this is good news overall, it also means you need to be prepared to meet the demands of retailers and consumers. The following are four of the top trucking trends for 2019 to help you prepare.