Topic: Trucking Info

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…

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.

As a trucker, driving is how you make your money, but it also comes with its costs. Your average cost per mile is one of the most important numbers to calculate and understand for the success of your business. Once…

Steady cash flow is crucial for all businesses, but it’s especially important for independent trucking companies because they need that continuous revenue to keep hauling and growing successfully. Joseph James, Apex Capital’s Chief Financial Officer, offers more than 20 years of expertise in the finance world. So he understands how small to medium-size, independent trucking companies can balance cash with risks and rewards to help build a robust business. This blog is the third in a series with Apex Experts sharing their industry knowledge with you.

Supply and demand often dictate the price of goods and services. When certain services are in high demand, the price skyrockets. That could be what’s going on with trucker salaries at the moment. Many products get from point A to…

We’ve all seen them chugging slowly down the highway. You can’t miss the big yellow banners that say “OVERSIZE LOAD” or the four red flags blowing in the wind. You might’ve even seen a few blinking lights. There you have the handiwork of heavy haul truckers, hard working men and women who transport items that are classified as heavy haul loads. Heavy haul truckers can move just about anything, from a wind turbine blade to a small house. Let’s look at what you do need to keep your heavy haul trucking career on steady lanes.

Top Apex Blogs of 2021 Call 2021 the Year of Getting Back to Basics After the COVID-19 pandemic that defined 2020, we all did our best to move forward in 2021. In other words, we got back to basics. The…