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30
Dec

8 Ways to Use a Working Capital Loan for Your Trucking Busin...

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8 Ways to Use a Working Capital Loan for Your Trucking Business

There are many people who turn to working capital loans in order to fund their businesses. It is likely that many of your competitors have also taken out such loans in order to expand their companies. A short-term business loan can help solve cash flow problems that have stalled your growth. Although many other loan types involve complicated application processes, working capital loans are often approved quickly. Here, we will discuss some of the ways that you can use a working capital loan in order to fuel your trucking business. Bridge Payment Delays Some of your business partners may be…

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29
Jan

5 Most Visited Truck Stops In North America

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Truck stops have been a driver’s home away from home for more than 60 years, offering all of the necessities while on the road. However, a recent study by Transport Canada highlighted the fact that not only are rest stops in Canada unsafe and lacking in service, there also aren’t that many of them, either. In fact, more than 60% of truck drivers found this to be the case. In lieu of a truck stop’s guidebook, this list is a compilation of not only the most visited truck stops in North America, but some of the best ones, too. South of the Border South of the Border is more than just a truck stop, it’s also a popular tourist attraction. Located off the i-95 in Hamer, South Carolina, this destination includes all of the standard amenities, as well as the largest indoor reptile exhibit in America, an amusement park, an…

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18
Jan

Options To Consider For Truck Repair Financing

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Even despite all of the efforts put into regularly maintaining trucks to prevent them from eventually breaking down, some repairs are often entirely unavoidable. With the average truck repair costing more than $5,000 dollars, a broken-down truck can present serious challenges, especially for those who are unable to finance the repairs themselves. It becomes critical to get the truck on the road as quickly as possible, given that a truck that is off the road isn’t generating any profit. There are several options to consider when presented with an out-of-service truck, including taking out a line of credit via a traditional bank, which can present its own set of challenges, or tapping into a savings fund. However, there are also some alternative programs, such as commercial truck financing programs that are generally much more flexible than that of a typical bank, many of which specifically cater to those with poor…

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15
Jan

Tips For Truck Fleet Management

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While truck fleet management is becoming an increasingly large industry, management solutions are equally increasing in number, due to advancements made in today’s technology. In fact, it has been shown that even minimal management changes can lead to significant profit increases. Invest in Fleet Management Software This will monitor expenditure, identifying potential areas where potential money could be saved, which is critical. In addition, it will digitally keep track of all relevant data, which will increase efficiency in the end. Go Electronic with ELDs and DVIRs Electronic ELDs will help drivers stay on top of their paperwork by automatically collecting data, maximizing driver productivity and lowering administrative costs. It will make roadside inspections more efficient. Electronic DVIRs, via a smartphone offer the ability to take photo or video evidence, as well as giving the option to automatically schedule repairs or order new parts, all of which increase efficiency. Ensure Vehicles…

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4
Jan

How To Plan A Safe Overnight Drive

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Overnight drivers face a number of safety threats which can be life-threatening. Fatigue, for example, is a major issue among drivers: those who work the night-shift are twice as likely to fall asleep at the wheel. Drivers face other safety threats as well, including a lack of safe, overnight parking. Fortunately, these safety threats can be minimized with the following tips. Avoiding Fatigue: Avoid Caffeine (But Still Stay Hydrated) Although it sounds counter-intuitive to avoid grabbing that cup of joe, caffeine will only cause your energy levels to crash and interfere with your quality of sleep, as well. Still remember to stay hydrated to avoid the fatigue associated with dehydration. Entertain Yourself A lack of stimulation is responsible for much of the fatigue drivers experience on the road. Keep your mind occupied by listening to an audio book, turning up the music or rolling down the window. Take Mini-Breaks at…

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