Archivo del autor: Brendan Egan

During the pandemic, fuel prices dropped substantially due to dwindling demand. People weren’t going to work or school, so prices dropped to an average of $2.258 (gasoline) and $2.551 (diesel) per gallon. When lockdowns ended, prices started to soar. When … Seguir leyendo →

A shipper is a company or party that is ultimately responsible for getting goods to a customer. It might be the manufacturer or a company tasked with getting goods to a specific destination. Shippers need trucks to get items from … Seguir leyendo →

Seasonal variations play an important role in any trucking company’s cash flow. It’s super busy with the holiday shipments, but once the holiday shipping rush ends, there are slow months from January to March. As gardening supplies and crops pick … Seguir leyendo →

Commercial auto insurance isn’t just an optional purchase. It’s legally required of any motor carrier before a Federal Motor Carrier Safety Administration (FMCSA) application is approved. Proof of liability and cargo insurance must be provided to the FMCSA by the … Seguir leyendo →

companies grow their business. Factoring helps you keep cash on hand for the slow periods and reduces the amount of office tasks you have to do when it comes to generating and sending invoices to clients. The problem with freight … Seguir leyendo →

S&P Global Ratings just dropped its rating on Accuride, a company that manufactures commercial truck parts. By the end of the year, it’s estimated that the company will have a deficit of almost $35 million. They’re not alone. Brokers, shippers, … Seguir leyendo →

In a competitive trucking landscape, it can be challenging for independent truckers to find loads. There are 13.86 million trucks in the U.S. About 99.7% of carriers have more than 11 to 100 trucks. That’s a lot of competition competing … Seguir leyendo →

You’re in an industry that is essential to so many aspects of commerce, construction, and disaster recovery. Truckers keep retailers stocked with goods and supplies getting to critical areas.  However, trucking companies often have to wait a month, two months, … Seguir leyendo →

It doesn’t matter how big or small your trucking company is. Every company has experienced clients who do not pay on time. When that happens, it makes it hard to keep up with your own expenses, and that can harm … Seguir leyendo →

You have an owner-operator who drives a truck they’ve purchased and has to do all of the paperwork, marketing, licenses/certificate/registration applications and requirements, and invoicing. Independent truckers tackle a lot more when it comes to running their business, but not … Seguir leyendo →