What Does It Cost To Run A Trucking Company?

For many truck drivers, their dream is to one day own their own trucking company. Who doesn’t prefer to be a boss rather than the person getting told when to be someplace? But the transition from being a driver to …

According to the American Transportation Research Institute, average revenues for U.S. trucking firms were more than $284.4 million in 2017. Median revenues were just over $23 million. Much of this depends on the size and type of trucking company, but …

What do you know about freight factoring? Many owners of small fleets use freight factoring to grow their fleet. But, what about a larger trucking company? Does freight factoring for large fleets benefit trucking businesses? Across the U.S., haulers from …

Why do many trucking firms haul Federal Emergency Management Agency (FEMA) loads? The thought of delivering items that people need after a massive storm or other emergency is a big part of the appeal. The generous compensation is another. Most …

One question we hear often is if invoice factoring and freight factoring are the same things? While they’re similar, they also have key differences. Think about it in this way. A dog and a cat are both animals, but they’re …

Freight factoring involves partnering with a factoring company to sell your invoices for loads you’ve hauled. The factoring firm pays you all or some of the amount due and chases down payment from the shipper or broker for you. It …

Too many people think freight factoring is only for companies with large fleets. The truth is freight factoring is ideal for companies with one or two trucks. By getting paid quickly, it makes it easier for your business to grow. …

One of the best ways to keep a steady flow of money is by hiring a freight factoring company. You don’t have to wait around for your shippers or brokers to pay you. A company will pay you all or …

The 2014 Federal Motor Carrier Safety Administration’s Large Truck Crash Causation Study found that 13% of truck drivers were tired when they crashed. Crashes, even if they’re minor, are costly. Loads arrive late, and repairs and property damage are additional …

When you own a trucking business, you find yourself running into several issues. First, you have to pay for your trucks, registrations, insurance, fuel, etc. Second, you have your drivers’ wages and benefits. To keep your business running, you need …