Factoring vs. Accounts Receivable Financing

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Freight invoice factoring and accounts receivable financing are oftentimes considered to be one-and-the-same. However, slight differences exist between the two that could affect your business. Freight Invoice Factoring. When you factor, you are actually selling your invoice to a factoring company. This results in a three-part funding structure: 70 to 95 percent of the value […]

Summer Health Tips for Truckers

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Trying to stay healthy and fit on the road is definitely a challenge. However, there are many social media groups dedicated to helping truckers achieve their health goals. Diet. If you’re one of those who thinks consistently cooking healthy meals in your cab is impossible, it’s time to think again. Summer is the best time to find affordable, […]

USDOT Numbers: What You Need to Know

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Along with the implementation of the Federal Motor Carrier Safety Administration’s (FMCSA) Unified Registration System (URS) has come a change to the way the FMCSA monitors trucking companies. In the past, trucking companies needed a variation of USDOT, MC, MX and FF numbers. With the new URS, trucking companies will only be required to have a USDOT […]

Becoming an Owner Operator: Leasing vs. Operating Authority

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To begin, there are two classifications of owner operators; those who are leased to a company and those who operate under their own authority. This post will discuss the differences between the two in an effort to help those of you just starting out determine what will work best for your lifestyle and financial situation. Leasing […]

Top 3 Questions on Bobtail/Non-Trucking Coverage

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Oftentimes, trucking insurance is about as easy to comprehend as why the universe exists. It’s in place for some reason, and we are glad it is, but all the minute details get in the way of our proper understanding of it. In an effort to help those within the trucking industry better understand trucking insurance, we […]

Proper Corporate Structure for Trucking Companies

All corporate structures begin as C-Corporations. However, this type of structure has downfalls, such as double taxation. In this blog post, we will discuss why we recommend trucking companies convert to an S-Corporation structure. S-Corporations Advantages S-Corporations have many advantages over C-Corporations, such as: S-Corps do not pay federal income tax Low or no State Tax […]

Becoming an Owner Operator: Licensing & Registration

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As promised in last month’s Becoming an Owner Operator post on purchasing trucking equipment, we’re back this month to discuss licensing and registration. As mentioned in our March Becoming an Owner Operator post, driver’s are required to have certain licenses and endorsements just to drive a commercial vehicle. This post will build off of March’s foundation and discuss […]

July 1 SOLAS Changes to Impact Trucking Industry

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After many years of advocating for a change to the Safety of Life at Sea treaty (SOLAS), the World Shipping Council’s efforts have paid off. On July 1, 2016, containerized cargo loaded onto a vessel must have a verified weight. History of SOLAS 1914: First version of Safety of Life at Sea, an international treaty […]

2016 International Roadcheck: How to Prepare

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The Commercial Vehicle Safety Alliance’s (CVSA) 2016 International Roadcheck is less than a week away. The Commercial Vehicle Safety Alliance’s 29th annual roadcheck will take place June 7-9, 2016. During this 72-hour period, approximately 10,000 CVSA-certified local, state, provincial and federal inspectors in jurisdictions across North America perform truck and bus inspections. Here is what […]

Charity Spotlight: Truckersfinalmile.org

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The charity, truckersfinalmile.org was founded by Robert Palm, a 30-year over-the-road veteran, to “reunite North American truck drivers and their family in times of crisis.” Current Programs The charity currently offers assistance to North American truck drivers through the following five programs: Death of a truck driver. Severe injury of a truck driver. Major medical event of a […]