Due to driver shortages in America, new trucking companies have ample opportunity to enter the shipping and freight industry and make an immediate impact. Perhaps you are a driver ready to jump from employee to entrepreneurship. Or maybe you have never been in the trucking industry but see the dollar...
Funds available after expenses are considered working capital or liquid cash. But what if you don’t have enough cash to run your business and grow simultaneously? In such instances, you can leverage the cash liquidity of other convertible assets (i.e., bearer bonds, accounts receivable). You don’t want to miss opportunities due...
Invoice factoring is a growing trend amongst small and mid-sized businesses, set to grow by 8% each year. Factoring provides tremendous benefits to small businesses looking to increase cash flow and pay employees/bills on time. Notice of assignment is a critical feature in factoring, as it alerts both the business...
Artificial Intelligence is a technology that uses “neural networks” to extract and learn patterns from data input, eventually leading to using the data autonomously. The forefront of artificial intelligence aims to make economics more efficient and streamline supply chain and logistics. In commercial trucking, artificial intelligence is making itself known...
Does your company own a commercial vehicle to transport goods and property? Perhaps you have a brokerage and act as a conduit between shipper and carrier. Regardless, to obtain operating authority, you must be legally registered in all states in which you do business. The Federal Motor Carrier Administration (FMSCA)...
The trucking industry has seen immense growth due to the increased demand for goods and products in recent decades. Regardless of whether you are a driver, technician, broker, or business owner, it’s imperative you are well informed of the current industry trends. Staying ahead of these changes will ensure your...
A career in freight broking is a ticket to freedom for those looking to find the perfect career. Not only does the job offer high-earning potential, but there is a low barrier of entry to join and schedule flexibility. The trucking industry employs over 3.2 million people and is growing...
Truck drivers are the backbone of the American economy. They ensure all goods and services are delivered on time and with guaranteed quality. However, in a study published by the Bureau of Labor Statistics, the transportation industry lost 6% of its pre-pandemic labor force of 1.52 million workers, as reported...
