Author Archives: Brendan Egan

Once the holiday season ends, many within the transportation industry experience a slower time of the year. The loads that have kept you busy dry up, and it’s hard to find enough work to keep your company profitable.  Even if … Continue reading →

Around 88,000 trucking companies ceased operations in 2023, and that trend didn’t slow down in 2024. In just the first two quarters, almost 10,000 carriers shut down. An overabundance of competition and rising fuel prices played a role in these … Continue reading →

Of the 577,000 motor carriers in the U.S., 95.5% of them have 10 or fewer trucks per FMCSA’s March 2024 registrations. The trucking industry employs around 8.5 million people, not counting self-employed truckers.  While there are still well over 555,000 … Continue reading →

The best business credit score depends on the reporting agency. For FICO, the range of 0 to 300, with 300 being the best possible. PAYDEX, which is used by Dun & Bradstreet, ranges from 1 to 100, and a score … Continue reading →

Mixed cargo fleets are made up of a variety of commercial vehicles that haul different loads.  You might have big rigs for hauling merchandise from a factory to a retailer’s main warehouse. There could be refrigerated trailers for perishable goods. … Continue reading →

According to the Federal Motor Carrier Safety Administration, there were 922,854 independent (owner-operator) trucking companies at the end of 2023. Independent truckers account for 11.1% of all truck drivers.  Being self-employed is great, but it’s also a lot of work. … Continue reading →

As winter arrives, some areas of the trucking industry pick up and others dwindle down. When you own a trucking company, seasonal slowdowns become costly if you haven’t planned ahead. The services offered by a freight factoring partner assure you … Continue reading →

As a trucking company owner, choosing the right financial products and tools plays a big role in your success. One decision you face is whether a discount fuel card or business credit card is right for your company. Which is … Continue reading →

There’s a service that is vital to startups and businesses that want to grow. It is a service where the factor purchases a company’s invoices at a discounted rate. The factor pays the money that’s due minus the factoring fee … Continue reading →