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

Topic: Trucking Business

Semi Truck Parking
Truck parking remains a top concern for truckers. In fact, it’s been the top concern for truckers since 2015, according to the American Transportation Research Institute (ATRI)’s 2021 report, Truck Parking Information Systems: Truck Driver Use and Perceptions. It is a widespread problem that gets more complicated each year, even leading truckers to parking illegally because of space constraints. But there are more solutions today. We have five useful steps for finding a truck parking space, and we also discuss a variety of apps that aim to make the truck parking headache a bit easier to endure.
June 7, 2023
Successful Trucking
Nobody would argue that being your own boss is great. But owning a trucking company is only half of it, you also have to manage your trucking company. That’s when you need to take care of back-office operations, financial growth, financial protection, growing business credit, hiring good people, marketing your brand, offering excellent customer service, and so much more. But don’t be overwhelmed. We have Apex Capital experts that can guide you through all the facets of building a successful trucking company. Check out their tips. 
May 30, 2023
FMCSA Proposes Changes to the CSA SMS Program That Prioritize Enforcement The function of the Federal Motor Carrier Safety Administration (FMCSA) is to ensure that our highways move smoothly without crashes or injuries. All travelers want to arrive at their…
May 5, 2023
Daniel Henderson
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.
March 13, 2023
Notice of Assignment
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. 
February 22, 2023
Wes Read
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.
December 19, 2022
Freight Fraud
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.
November 30, 2022
Jennifer Letson
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.
October 21, 2022
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…
September 9, 2022
2023 Apex Client Calendar
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?
August 9, 2022