Transportation

Owning a trucking company can be very profitable, but only if you follow the right growth strategy. This article covers the areas that are most important to successfully growing your trucking company: Select the right industry and equipment Determine per-mile costs and rates Find high-paying loads Manage cash effectively How to finance growth 1. Start […]

Operating a successful freight brokerage can be financially rewarding. However, freight brokerages are financially demanding. Their primary financial issue stems from the fact that expenses must be paid quickly but revenues flow in slowly. This article discusses how to manage this challenge using financing. We cover: Do you have this cash flow problem? Can you […]

Every successful trucking company needs to use financing at some point. Growing companies have to buy equipment, pay employees, and handle multiple expenses. Eventually, the owner will run out of funds and use external financing. This article discusses how trucking company owners can finance their two most significant expenses: equipment purchases and operations. It also […]

Freight bill factoring is a form of financing that is commonly used in the transportation industry. It works by allowing carriers and brokers to finance their slow-paying invoices. Transportation companies use this type of financing to improve their cash flow and grow their businesses. In this article, we cover: What is freight bill factoring? How […]

Summary: A freight load board is a useful tool when used correctly. However, owner operators should not rely entirely on them for freight loads. This article shows a list of free load boards that provide loads for owner-operators based in Canada, or who want to pull loads to/from Canada. Some listings offer a free trial […]

Online trucking forums are one of the best resources for new and growing trucking companies. Most forums have seasoned truckers that participate in daily conversations and are willing to help fellow drivers. If you are interested in becoming a successful owner-operator, consider participating in these forums. These forums can provide advice on how to start, […]

Finding profitable truck loads is the most important thing an owner-operator can do to succeed. Without regular shippers, you don’t have a business. It’s as simple as that. However, this area is where most owner-operators and small fleet operators fail. This article shows you how to find profitable loads to grow your business. We cover: […]

Transitioning from being a trucker driver to becoming an owner-operator can be very rewarding. It can also be very stressful. You are faced with finding the right way to finance your new business. This task can be a challenge, especially for truck drivers who are not familiar with running a business. This article covers the […]

A load board is a website that matches freight shippers (and brokers) with carriers. Shippers and brokers post loads that need hauling. Likewise, owner-operators and fleets can post their available capacity. Load boards allow shippers and carriers to find each other and enter commercial agreements to move the freight. This article covers: What services do […]

Summary: Trucking load boards remain popular with Canadian carriers looking to get freight loads. Load boards offer a simple solution for shippers who need freight moved and for carriers with available capacity. Many new owner-operators hope to rely solely on load boards to grow their business. Perhaps this strategy sounds easy because you can find […]