Owning and operating a commercial trucking business involves various expenses that can significantly impact your profitability. To accurately manage your finances and make informed business decisions, it’s essential to understand the actual cost of owning and...
Owning a trucking company can be a challenging but rewarding experience. It is crucial to keep your trucking company’s financials under control and have access to the working capital you need to ensure the success of your trucking business. Financial management...
There are many places to turn to find trucking loads. For example, load boards and trucking load apps, but how do you ensure those trucking loads will pay? Here are 7 things we have pulled from our years of experience that you can do to help get trucking loads that...
You need to get paid quickly for your trucking company to keep its trucks on the road and moving. There are a few ways to help eliminate the possible 30-60+ days it can take some brokers and shippers to pay. From quick pay to factoring, let’s talk about how each...
As we put 2022 in our rearview mirror, we are looking ahead to the challenges facing the trucking industry as we head into 2023. The past few years have had unique challenges, and 2023 is setting up to have several challenges as well. Although, with challenges also...
Matt Moore, the host of the Trucking Finance Podcast and Video Series, is an expert at helping transportation companies of all sizes grow by giving them access to the working capital they need. He has over 25 years in the financial services industry, with 12 years in...
In order to discuss what trucking companies need to know about UCCs we need to talk about what they are. What are UCCs? UCC stands for Uniform Commercial Code. The short definition is that it is a uniform way to say who owns what for business transactions in one state...
Andrea helps trucking companies who are factoring loads ensure they get paid as Tetra’s manager of underwriting and payment applications. In particular, she handles everything having to do with client payments, underwriting new applications, and UCC searches or...
Freight broker credit checks can be the difference between you making money and losing money. In fact, hauling available truckloads for customers who will pay you is critical to the success of your business and livelihood. Monitoring your brokers and shippers credit...
Finding and securing good truckloads can be challenging and time-consuming for trucking owner-operators and small fleet owners. What we have seen with working with numerous trucking companies through our factoring company and truck brokerage is that focusing on a few...