Topic: Trucking Business
Technology is increasingly crucial for trucking companies to stay competitive and successful in a large and changing industry. But technology has a dark side, and truckers aren’t immune to its cyber criminal wrath. Daniel Henderson, Chief Information Officer for Apex Capital, brings 22 years of experience in software development, engineering, and information technology. He knows the benefits of instant factoring payments and paperless invoicing, as well as the data security dangers trucking companies face today. He shares invaluable advice that can help all trucking companies stay secure and profitable. This blog is the tenth in a series with Apex Experts sharing their industry knowledge.
Factoring is common practice for trucking companies. Deciding to factor and partnering with a factoring company means understanding what goes into a factoring agreement. A key component of a factoring agreement is a notice of assignment (NOA). We explain the basics of factoring and also explore what an NOA means to the trucking company and the broker, which is the trucking company’s customer.
Trucking company financial protection is just as important as scoring high rates per mile every time you haul a load. Building business credit and researching potential customers are also key ingredients to staying successful. Wes Read, Chief Credit Officer for Apex Capital, brings 29 years of credit management experience. He understands how crucial cash flow, cash reserves, credit reporting, building better credit, and staying financially protected are to taking your trucking company from surviving to thriving. He has invaluable advice along with suggestions on tools and research to boost your business. This blog is the ninth in a series with Apex Experts sharing their industry knowledge.
The more we exchange money electronically, whether it be through purchasing goods or conducting business with associates, the more vulnerable we all are to fraud. It is no different for freight carriers, especially small to medium sized trucking companies and owner-operators. According to FreightWaves, freight fraud costs the industry more than $100 million each year. Carriers are the first line of defense because by the time load paperwork reaches the factoring company, that carrier may already have been the victim of fraud. We put together a list of red flag signs of freight fraud and we highlighted tools and services we have at Apex Capital to help arm carriers before they haul a load.
Trucking companies rely on lucrative loads to survive, naturally. But the difference between surviving and thriving lies in the strength of the back-office operations. Jennifer Lance, Chief Operations Officer for Apex Capital, brings 22 years of experience in day-to-day operations. She knows how to keep the internal machine oiled and cranking, from keeping employees happy and files organized to staying abreast of the latest industry technology and keeping processes managed. She shares invaluable advice that can help all trucking companies thrive. This blog is the eighth in a series with Apex Experts sharing their industry knowledge.
The trucking industry provides essential services for consumers and companies around the world. As a crucial part of manufacturing and transportation, trucks transport large quantities of raw materials and finished products across long distances. With over 70% of American goods…
The votes are counted. The results are in. We have a cover winner for the 2023 Apex Client Calendar. We also have a dozen finalists and two honorable mentions. All those truck beauties will be proudly displayed in the 2023 installment of our annual calendar. Are you ready to learn which rigs will be our newest calendar models?
Trucking company success certainly relies heavily on fast cash flow and big-money loads. But just as important is having a a good team of people working together with the same vision and goals in mind. Patty Fritz, Chief People Officer for Apex Capital, brings 30 years of experience in human resources. She knows the difference between a boss and a leader, recruiting versus hiring, and all the benefits that keep team members happy. She shares tips on how to make the most of your company culture. This blog is the sixth in a series with Apex Experts sharing their industry knowledge.
Fuel cards are great, but they should do more for your trucking company than just provide a few cents off each gallon of diesel. The TCS Fuel Card offers clients – from large fleets to independent owner-operators – a complete fuel management system. Chris Courts, President and Managing Director for TCS Fuel, a wholly owned subsidiary of Apex Capital, brings 25-plus years of experience and expertise in the fuel card industry. He knows all you need to know about fees, fraud, and discounts at the pump. Now he’s sharing that fuel card wisdom with you. This blog is the fifth in a series with Apex Experts sharing their industry knowledge.
Running your trucking business every day is a necessity. But so is growing it successfully through building your brand. And the best part is you don’t need a whole lot of marketing dollars to do it. Sherry Leigh, Apex Capital’s Chief Product and Marketing Officer, brings two decades of branding know-how to her role. She understands the power of positioning, branding, and marketing on a trucking company’s success and longevity. She has simple, low-cost marketing solutions for you. This blog is the fourth in a series with Apex Experts sharing their industry knowledge.