On November 26 the Federal Motor Carrier Safety Administration (FMCSA) announced that it is seeking input from the trucking industry regarding newly proposed rules to raise the liability insurance minimum. The Agency’s Perspective The current minimum of $750,000 was set in 1985 and does not “adequately cover catastrophic crashes,” the agency says. They claim that … Read moreFMCSA Asking for Input on Proposed Insurance Increase Rule
One look and research of this organization – the Owner Operator Independent Drivers Association, also simply known as the OOIDA – and you may notice that the trucking industry, logistics and distribution, may be much more than just some drivers transporting cargo from point A to B. While that’s important from a corporate aspect, undoubtedly, … Read moreThe Backbone of Our Country: Why the Trucking Industry Matters to the United States Military
You can imagine the fear and trepidation of driving in adverse conditions, I imagine, even in a small sedan. You’re in a steel contraption going anywhere between 30 to 60 MPH, and you’re made of flesh and bone. Bad things can happen. Bad things do happen. As you review a lot of the statistics over … Read moreEverything You Learned About Highway Safety From the Point of View of a Semi-Truck
The need for qualified truck drivers seems to be growing every day. Trucking companies are always looking for drivers who are experienced and reliable. With all of the truck driving jobs available, it can be hard to find the right job for you. Some of the things to consider when you’re sorting through ads for … Read moreFinding the Right Trucking Job for You
For many truckers who’ve just started in the industry it may seem that all freight and trucking companies, especially the international and national companies, seem to get nothing but negative comments from their current drivers. There are few companies that might be distinctively driver unfriendly, but there are also many that are honest, fair and … Read moreWhat is about the Best Trucking Companies Which Truckers Like?
The trucking company owners out there know that keeping the finances of the business steady can be really hard task when working with various clients who often postpone or miss payments. On the other hand, consistent cash flow is really important because of the serious costs related to providing truck services. While the company is … Read moreHow to Choose the Right Freight Factoring Company?
Invoice factoring is one of the oldest, and one of the most misunderstood business practices. Invoice factoring is a method of easing cash flow for businesses to operate while awaiting payments owed. A factoring agent, often a bank will provide a cash advance to a business that is owed money, usually 70%-90%. When the invoice … Read moreThe History of Invoice Factoring
There are hundreds of truck driving schools in the United States, making it difficult to choose the school that’s right for you. Driving schools are a great option, but you can also learn to drive a truck from an individual who has truck driving experience or from a company who trains new drivers and offers … Read moreWhich Truck Driving School Should I Choose?
Running a trucking company can be very challenging at times. Some of the challenges that trucking companies face include the rising costs of fuel and insurance, hiring and maintaining good drivers and maintaining a good online reputation for the company. Rising Fuel Costs Almost everyone is affected by the price of fuel, but few industries … Read moreChallenges for Trucking Businesses?
The down economy is hurting almost every business in the United States and trucking companies are particularly affected because of high fuel and insurance prices. Freight factoring is one of the ways that trucking companies solve the problem of not having a consistent cash flow. What is Factoring? A factoring company is a financial business … Read morePros and Cons of Freight Factoring for Trucking Companies