Trucking Business Archives | Apex Capital | Freight Factoring for Trucking Companies
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Topic: Trucking Business

National Pandemic
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?
June 2, 2020
Hours of Service
The process of updating hours of service rules involved multiple steps that required time to complete. Some of those steps included comment periods, a proposal, another comment period, and now we’re in the home stretch. That’s because the FMCSA has announced their final ruling with four major changes to hours of service rules. The final rule is just what it sounds like, it’s the final step in the process of updating HOS. The rule goes into effect 120 days after it is published in the Federal Register. So, what are the four areas being updated? Let’s take a look.
May 21, 2020
electronic payments in trucking
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.
April 20, 2020
covid-19 crisis
During the global COVID-19 crisis, the news and updates change rapidly. Carriers and truckers are extra busy right now, making it nearly impossible to keep up. Early last week, we started documenting updates that would impact carriers and truckers, including FMCSA announcements, truck parking situations, and more. As the crisis continues, we know truckers are looking for solid information on what’s open, what’s changing, and where to go to make sure they stay compliant and get the aid they need. Here are some resources to help you stay up to date.
April 1, 2020
Covid-19
We’ve said it before, and we’ll say it again and again. Truckers are the lifeline of our economy. We are so proud to be able to work with and support so many carriers that provide essential goods and services to the country. During the COVID-19 or Corona Virus emergency, grocery stores are in constant need of replenishment and health care facilities needing more supplies. Truckers are the solution to those needs and are working harder (and safer) than ever. For that, we are all so thankful! News surrounding COVID-19 changes fast. We will try to keep you updated on major announcements concerning trucking and transportation
March 16, 2020
Trucking Company
When you run any business, especially a trucking company, you spend money to make money. Running a trucking company and managing a fleet, whether it’s one truck or 100, comes with fixed and variable expenses. Planning and budgeting are key, but so is knowing when to save and when to spend.
March 2, 2020
fmcsa personal conveyance rules
A trucker’s office isn’t a desk in a cubicle. It’s a moving 18-wheeler that weighs about 35,000 pounds and rolls up and down the highways. And when truckers are off-duty, they can’t put out an “on break” sign. So, what do they do when they are driving the truck, but they are off the clock? That’s where personal conveyance comes in. The Federal Motor Carrier Safety Administration (FMCSA) defines personal conveyance as “an off-duty status. There are no impacts to the 11- or 14-hour limitations for truck drivers, the 10- or 15-hour limitations for bus drivers, the 60/70-hour limitations, the 34-hour restart provisions, or any other off-duty status.”
February 10, 2020
What is a TWIC Card
TWIC stands for Transportation Worker Identification Credential. This federal ID card is required by the Maritime Transportation Security Act for all workers who need access to secure areas of the country’s ports, vessels, and maritime areas. A TWIC card allows transportation professionals (such as truckers) and U.S. Coast Guard to enter and conduct business at ports, government ports, and any other government maritime facility.
January 27, 2020
Network Trucking
As a kid, your parents would tell you, “Get out and meet people. Go make friends.” Then as an adult looking to establish a career, you’re given this advice: “Get out there and shake hands, mingle, network with potential customers and employers.” Truth is we’ve been networking since playing ball in the sand lot with a ragtag team of kids. In today’s business world, networking is as important as ever. That’s especially true if you run a trucking company. Networking is your key to customers, your ticket to lucrative hauling. Company owners are networking every day to steadily grow their trucking businesses. The difference between then and now is there are more networking tools. Is networking still new to you? Or are you still unsure exactly where and how to network? Let’s check out your opportunities to shake hands, mingle, and network.
January 21, 2020
Get Paid
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.
January 3, 2020