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.
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…
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.
Apex Capital Corp Moves Headquarters to Renowned City Center in Fort Worth Fort Worth, Texas – Apex Capital Corp, ranked No. 1 in the Large Employer Category among the Best Companies to Work for in Fort Worth, is moving to…
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.
Apex Capital Earns a New Peak in the Prestigious Best Companies to Work for in Texas Ranking We just reached a new peak! Fifteen years after Apex Capital began participating in the prestigious Best Companies to Work for in Texas…
Who will you trust to help make your trucking company as successful as it can be? That’s a very important question particularly when it comes to cash flow, which could make or break a burgeoning company. That means that doing business with factors, quick pays, and even banks requires real-world, fine-print knowledge. Mike Thrasher, Chief Sales Officer for Apex Capital, brings 20 years of experience in sales. He understands the funding issues many startups and small-to-medium size trucking companies face. He shares invaluable tips on using a factoring company as a trusted partner. This blog is the seventh in a series with Apex Experts sharing their industry knowledge.
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