For new trucking company owners, the ramp-up work doesn’t stop once you’ve paid all your startup fees and you have your operating authority. Now it’s time to find yourself drivers. You may certainly decide to be your own company’s driver, in which case you would be a one-person operation. But if you choose to hire truckers to haul your loads, you have decisions to make that go beyond merely seeking a trustworthy driver who can safely transport the goods. Are you looking for an owner-operator, independent contractor, or a company driver? What’s the difference? Why does it matter? Well, let us help you decide and explain what you need to know. So that come tax time you’ll understand what makes them a 1099 or a W-2 employee.
Truckers need to get paid fast after hauling loads. Steady cash flow is crucial to keep a small to medium-sized trucking company in business. The steadier the cash flow, the better the chances for success. Yet most carriers are lucky if they get paid in 30 days for hauling a load. That’s just the nature of the trucking industry. Luckily, today truckers do have a choice. The new blynk™ digital payment system for Apex Capital factoring clients gets trucking companies paid quicker than quick after their freight invoices are purchased. No other factoring company offers this type of payment, so no one pays you FASTER – guaranteed!
Driving in the middle of a bad storm is dangerous for all motorists – from those steering sedans to those navigating SUVs. But it’s especially treacherous for truckers. Think about it: Truckers are maneuvering up to 80,000 pounds of steel and rubber through rainstorms, high winds, tornadoes, and blizzards. That means safety tips for truck drivers are super important. There are general safety precautions all truckers should take even if the weather is clear and sunny. In the event of extreme weather, however, truckers have another set of guidelines they should follow.
In the middle of a national pandemic, we all switch to survival mode. We wear masks. We practice social distancing. We make keeping ourselves and our loved ones safe the number-one priority. Truck drivers don’t have the working-from-home luxury during this national health crisis. And a trucking company’s survival depends on delivering the goods that we use daily. But during a national pandemic, those goods may not be moving as quickly and plentifully as usual. So, how can trucking companies keep their businesses going?
The process of updating hours of service rules involved multiple steps that required time to complete. Some of those steps included comment periods, a proposal, another comment period, and now we’re in the home stretch. That’s because the FMCSA has announced their final ruling with four major changes to hours of service rules. The final rule is just what it sounds like, it’s the final step in the process of updating HOS. The rule goes into effect 120 days after it is published in the Federal Register. So, what are the four areas being updated? Let’s take a look.
Truckers need to get paid faster, especially during these trying times. That means electronic payments, because paper checks are rapidly becoming a relic in today’s world of instant gratification and fast-moving money. The new blynk™ digital payment system from Apex Capital Corp allows Apex factoring clients to get paid in minutes with speed, ease, and security after their freight invoices are processed. This makes Apex Capital the first factoring company to offer this type of proprietary payment service to clients.
We want fast. Sometimes fast isn’t fast enough, so we choose faster. That’s today’s society, gratification is expected at the speed of a click. In trucking, where most carriers are lucky if they get paid in 30 days for hauling a load, having that money super-fast is a necessity instead of a luxury. Because steady cash flow keeps a small to medium-sized trucking company in business, not to mention helps it grow. Today, truckers do have a choice. They can choose to get paid fast with a quick pay or the new blynk™ digital payment system for Apex Capital factoring clients. Confused about quick pay and blynk™? Let’s look at both and clear the air.
During the global COVID-19 crisis, the news and updates change rapidly. Carriers and truckers are extra busy right now, making it nearly impossible to keep up. Early last week, we started documenting updates that would impact carriers and truckers, including FMCSA announcements, truck parking situations, and more. As the crisis continues, we know truckers are looking for solid information on what’s open, what’s changing, and where to go to make sure they stay compliant and get the aid they need. Here are some resources to help you stay up to date.
We’ve said it before, and we’ll say it again and again. Truckers are the lifeline of our economy. We are so proud to be able to work with and support so many carriers that provide essential goods and services to the country. During the COVID-19 or Corona Virus emergency, grocery stores are in constant need of replenishment and health care facilities needing more supplies. Truckers are the solution to those needs and are working harder (and safer) than ever. For that, we are all so thankful! News surrounding COVID-19 changes fast. We will try to keep you updated on major announcements concerning trucking and transportation
When you run any business, especially a trucking company, you spend money to make money. Running a trucking company and managing a fleet, whether it’s one truck or 100, comes with fixed and variable expenses. Planning and budgeting are key, but so is knowing when to save and when to spend.