Topic: Apex Services
In the middle of a national pandemic, we all switch to survival mode. We wear masks. We practice social distancing. We make keeping ourselves and our loved ones safe the number-one priority. Truck drivers don’t have the working-from-home luxury during this national health crisis. And a trucking company’s survival depends on delivering the goods that we use daily. But during a national pandemic, those goods may not be moving as quickly and plentifully as usual. So, how can trucking companies keep their businesses going?
Truckers need to get paid faster, especially during these trying times. That means electronic payments, because paper checks are rapidly becoming a relic in today’s world of instant gratification and fast-moving money. The new blynk™ digital payment system from Apex Capital Corp allows Apex factoring clients to get paid in minutes with speed, ease, and security after their freight invoices are processed. This makes Apex Capital the first factoring company to offer this type of proprietary payment service to clients.
We want fast. Sometimes fast isn’t fast enough, so we choose faster. That’s today’s society, gratification is expected at the speed of a click. In trucking, where most carriers are lucky if they get paid in 30 days for hauling a load, having that money super-fast is a necessity instead of a luxury. Because steady cash flow keeps a small to medium-sized trucking company in business, not to mention helps it grow. Today, truckers do have a choice. They can choose to get paid fast with a quick pay or the new blynk™ digital payment system for Apex Capital factoring clients. Confused about quick pay and blynk™? Let’s look at both and clear the air.
Welcome to 2020! It’s a new year, a new decade, and there are tons of new opportunities waiting for you and your trucking company. But if you’re planning on continuing to wait the 30, 60, or even 90 days to get your freight bills paid, we can’t help but wonder why? Taking risks is necessary in business but getting paid shouldn’t be one of them. When you’re waiting to get your invoices paid, it creates an imbalance for your trucking company’s cash flow. Your truck drivers need to get paid and your truck still needs fuel. So, if you aren’t getting paid fast where is that money coming from? Credit cards? Cash reserves? That will only work for so long.
Remember the days of CB radio and public pay phones? Now we have cell phones and mobile apps. How about the days of mailing stacks and stacks of invoices so that you can get paid for hauling loads across the country? Now we have email and image capture. The trucking industry has changed in the last decade and technology has been at the forefront of that change. At Apex, we’ve worked diligently to stay proactive instead of reactive, especially when it comes to implementing technological advancements designed to improve efficiency for truckers. Our goal has always been to make the process of getting paid faster for truckers. Meet five Apex experts that have seen more than 10 years of technological changes in the trucking industry. They have stories to tell about the way things were 10 years ago, the way things are today, and thoughts on how things will be tomorrow.
Money, cash, bills, notes, or capital. Call it whatever you want, the cold hard truth is that we all need it. Cash flow keeps the doors of your trucking company open and the freight moving. Cash flow problems are common in the trucking industry, so what are the biggest causes affecting trucking companies? As a freight factoring company, we’ve helped trucking companies solve cash flow problems for nearly 25 years, so let us share some of the biggest causes and give you options to help avoid or solve them.
All of us at Apex Capital Corp, from owners David Baker and Dean Tetirick to every Apexer, are thrilled to have been chosen as one of six businesses in the state of Texas to receive the honor of a Better Business Bureau 2018 Torch Award for Marketplace Ethics. The awards were presented February 11, 2019 during a BBB luncheon at Joe T. Garcia’s La Puertita in Fort Worth.
Our latest Lunch & Learn event, dubbed “Learn How to Start Your Trucking Company,” was held January 25, 2019 at Pappadeaux Seafood Kitchen in Arlington. Our Apex Startup Program team was in attendance providing valuable information and answering questions about the complex process of starting a trucking company.
We’re currently smack dab in the middle of a strong economy. Most trucking industry economic experts are reporting high spot market freight rates, ideal load-to-truck ratios, and a record-breaking truck driver demand. If you’re considering starting your own trucking company…