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September 23, 2019 | Hannah Marcom
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.
September 30, 2019 | Mario Tarradell
You’ve got your auto hauling trucking company set up. You have your “for-hire” authority and you elected auto hauler as your commodity type. You’ve got your car carrier trailer ready to roll. Your insurance policy is signed, sealed, and delivered. You even have a business plan on paper.
Now you are ready to make some money. That means you have a whole other set of questions you need answered. While auto hauling can be quite lucrative, at the same time it is also much riskier because of the higher value of your cargo. So, don’t load up on shiny cars just yet. We have the questions floating around in your head. We’re ready to answer them.
April 24, 2019 | Hannah Marcom
Truckers that plan to haul through Kentucky, New Mexico, New York, or Oregon are required to have specific weight distance permits. Trucks hauling heavy loads across America’s highways cause wear and tear on roads. To counterbalance that damage there are…
July 22, 2019 | Mario Tarradell
Whether you have been in business for years or you are a startup company, you know that trucking insurance is one of the top 3 largest expenses. Like fuel and maintenance, it’s a necessity. You don’t run legally without it.
But there is a lot of misinformation regarding trucking insurance, especially when it comes to the planning for insurance and, of course, the pricing of insurance. So, we decided to lighten the load on the heavy topic. With the help of trucking insurance experts John Mondics, President, and Jonathan Mondics, Vice President, of Plano, Texas-based Mondics Insurance Group, we put together a two-part series answering top-of-mind questions about factors that affect commercial truck insurance rates.
Part one focuses on the planning stage, the ramp-up to getting a quote and securing insurance.
June 24, 2019 | Mario Tarradell
Two and 12 – those numbers have a nice ring to them. We are so proud of two and 12. This is the second year Apex Capital is named one of the Healthiest Companies in America by Interactive Health. That means we take the health and wellness of our employees very seriously. What about the 12? Well, this is the 12th year that Apex is named one of the Best Companies to Work for in Texas. We call it our lucky dozen. That honor is quite special because it’s all about our employees. Sarah King, Apex’s Health and Wellbeing Manager, offered some thoughts about the Healthiest Companies in America award. Apex was one of only 151 companies in the United States to earn this award in 2018. That number went down from 184 companies in 2017, when Apex first won. And Shelley Goodrum, Apex’s Chief Human Resources Officer, has watched Apex grow through the years and she’s pleased to know that the Best Companies to Work for in Texas honor reflects keeping all employees happy during that growth.
January 3, 2020 | Hannah Marcom
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.