Insurance – Fueloyal https://www.fueloyal.com Automotive IoT & Connected Vehicle Experts Tue, 18 Sep 2018 10:17:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.6.10 9 Secrets To Phenomenal Trucking Company Success https://www.fueloyal.com/9-secrets-to-phenomenal-trucking-company-success/ Tue, 13 Feb 2018 14:30:00 +0000 https://www.fueloyal.com/?p=20163 Are you doing everything to create a trucking company success but you seem to fail all over again? If so, you do not know the secret. There are new companies each day, and the number continues to rise. Everyone who thinks has a great business idea, in fact, thinks he can succeed in the business [...]

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learn the 9 secrets to Trucking Company Success

Are you doing everything to create a trucking company success but you seem to fail all over again?

If so, you do not know the secret.

There are new companies each day, and the number continues to rise. Everyone who thinks has a great business idea, in fact, thinks he can succeed in the business world.

However, not every business is built for trucking company success.

The thing is, there are 9 essential things to know about how to make a trucking company success.

As a matter of fact, the secret to a trucking company success is to know the following things: how to and why.

In other words, you need to be careful with the factors like working towards the financial independence.

It is very important for you to know that the stage of success needs to be well-planned and prepared for months.

To put it in another way, if you want to set your business for success, you need to set the stage for balance first.

1. Increased Profits

It is a financial success general rule in businesses that you cannot increase the profit directly, but indirectly. It is a common fact that you simply cannot achieve a trucking company success without a well-made strategy.

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Inevitable Success Goals of Victorious Transportation Companies https://www.fueloyal.com/inevitable-success-goals-of-victorious-transportation-companies/ Wed, 24 Jan 2018 14:30:53 +0000 https://www.fueloyal.com/?p=19768 Transportation companies can outlive success but the market is incredibly competitive. The goals of trucking businesses are insane compared to others. The industry is wild, it is like a sales company at Wall Street. There are people who desperately try to get into the business but somehow, they always end up failing. Normally, this happens [...]

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Transportation Companies and their victorious goals

Transportation companies can outlive success but the market is incredibly competitive. The goals of trucking businesses are insane compared to others.

The industry is wild, it is like a sales company at Wall Street. There are people who desperately try to get into the business but somehow, they always end up failing.

Normally, this happens to people who know the industry but unfortunately, they do not know the market that well.

This is the main reason why some people cannot be compared to the great transportation companies owners.

Starting a business takes more than knowing how to drive a truck or choose a specific route.

How To Run Successful Transportation Companies

Running a successful trucking company includes some important facts. To be honest, nothing beats working in the transportation field like the company drivers or dispatchers.

You can learn all the good, the bad, and the ugly in the industry, with experience.

Running transportation companies is not only about knowing how to haul a load but be a leader for your drivers and be there for them.

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Objectives and Goals of a Good Logistics Company https://www.fueloyal.com/objectives-and-goals-of-a-good-logistics-company/ Tue, 26 Dec 2017 14:30:02 +0000 https://www.fueloyal.com/?p=18992 Every good logistics company should have set of objectives and goals to reach! Part of the planning process of every logistics company is setting up some business goals and objectives that need to be accomplished throughout the year. These goals and objectives might pertain to the logistics business as a whole, or they might refer [...]

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Every good logistics company should have set of objectives and goals to reach!

Part of the planning process of every logistics company is setting up some business goals and objectives that need to be accomplished throughout the year.

These goals and objectives might pertain to the logistics business as a whole, or they might refer to different departments, customers, employees, and even marketing efforts.

I am sure you will all agree with me that the first and main goal of every logistics company is to get things from point A to B in a timely, efficient and cost effective manner!

Source: www.selfgrowth.com

However, that’s the first goal, but we all know what all it takes to get there! So yes, there are hundred’s other goals to be reached, in order to accomplish the first and main goal!

Every logistic company has main focus and activity on detailed coordination of the complex operation, which involves many people, facilities, or supplies.

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How Third Party Logistics can Help you Improve Customer Satisfaction? https://www.fueloyal.com/how-third-party-logistics-can-help-you-improve-customer-satisfaction/ Thu, 14 Dec 2017 14:30:52 +0000 https://www.fueloyal.com/?p=18321 Today’s trucking industry is imaginable without a third party logistics services! The trucking businesses use a third party logistics that often is in-house (within the company) or they will outsource the 3PL services from providers that specialize in this area. But, peaty much all of the trucking companies use third party logistics! Most of the [...]

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Today’s trucking industry is imaginable without a third party logistics services!

The trucking businesses use a third party logistics that often is in-house (within the company) or they will outsource the 3PL services from providers that specialize in this area. But, peaty much all of the trucking companies use third party logistics!

Most of the time the trucking companies outsource logistics functions that are not core activities in their business. There are more reasons for doing that, but the main one is that the third party logistic suppliers that they are outsourcing are offering way much cheaper services then if they was going to use in-house sources for that.

It’s proven that companies that specialize in logistics are not just performing transportation and warehousing services at lower cost, but they also give superior outcomes than companies using in-house operations.

I am not saying that there are not some trucking businesses that are providing the full services on satisfactory levels. Yes, there are many companies that will just be good at everything they do, and with the right team in the beck yard they can pull the whole deal.

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How to Handle a DOT Inspection Like a Boss https://www.fueloyal.com/how-to-handle-a-dot-inspection-like-a-boss/ Tue, 21 Nov 2017 13:30:49 +0000 https://www.fueloyal.com/?p=17650 DOT inspection can mean a great deal of stress, regardless how calm and experienced truck driver you are. You shouldn’t fear the DOT inspection, if you are doing what you are supposed to be doing! I know its easiest said than done, but if you obey the rules and regulations, than there is nothing to [...]

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DOT inspection can mean a great deal of stress, regardless how calm and experienced truck driver you are.

You shouldn’t fear the DOT inspection, if you are doing what you are supposed to be doing!

I know its easiest said than done, but if you obey the rules and regulations, than there is nothing to worry about; or better said less things to worry about!

Source: www.overdriveonline.com

First of all, being in the trucking industry means a lot of rules! Period!

Regardless if you are a broker, dispatcher, experienced truck driver or a rookie, trucking company owner, or hold some role in the management or logistics, you still will need to comply and obey with the numerous agencies rules and regulations, with some of the main ones being the Department of Transportation (DOT) and the Federal Motor Carrier Safety Administration (FMCSA).

Source: www.thegazette.com

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Owner-Operator Truck Driver Career Guide To Profit and Success https://www.fueloyal.com/owner-operator-truck-driver-career-guide-profit-success/ Wed, 15 Nov 2017 14:30:44 +0000 https://www.fueloyal.com/?p=17444 Becoming an owner-operator truck driver requires a unique spirit of independence and self-awareness. Since owner-operators are the individuals who own and operate their own trucking businesses, straight proportionally it indicates that an owner-operator truck driver should as well have a self-reliance in order to pave his own way. Nowadays, we can witness that there are [...]

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Becoming an owner-operator truck driver requires a unique spirit of independence and self-awareness.

Since owner-operators are the individuals who own and operate their own trucking businesses, straight proportionally it indicates that an owner-operator truck driver should as well have a self-reliance in order to pave his own way.

Nowadays, we can witness that there are more and more company truckers who are changing drastically their careers into becoming owner-operator truck driver. The Department of Transportation DOT has noted that there are approximately 350.000 owner operators registered in the USA.

Moreover, owner-operators are the creators of their own success.

In general, owner-operators are fiercely creative and independent individuals, they always choose to take the road less traveled. Straight proportionally you might think that they won’t ever have the need of an owner-operator truck driver career guide to profit and success, but in reality it is not quite like that.

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How to Calculate Revenue and Profit per Mile for Your Trucking Company https://www.fueloyal.com/calculate-revenue-profit-per-mile-trucking-company/ Sun, 12 Nov 2017 15:30:34 +0000 https://www.fueloyal.com/?p=17630 Have you ever wonder how a particular trucking company can operate for a particular price? How are they making a profit at hauling all those loads? Well, believe it or not, many trucking companies part of the U.S. trucking industry nowadays are calculating their revenue and profit per mile. Since they have started incorporating this [...]

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Have you ever wonder how a particular trucking company can operate for a particular price? How are they making a profit at hauling all those loads?

Well, believe it or not, many trucking companies part of the U.S. trucking industry nowadays are calculating their revenue and profit per mile.

Since they have started incorporating this method many trucking company owners have stated that now they know the real price and profit for which they are running for. Also, they are well aware at what price they cannot run their trucks- when they are not going to make a profit.

Actually, incorporating and running a trucking company is not an easy process to take. Trucking company owners who have decided to run a trucking company without being aware of the real situation in their company, that is to say without knowing their real costs are in fact leading their trucking company with their eyes closed.

Source: www.thenextweb.com

If a trucking company owner does not know the cost of each mile that his trucks are driving then he won’t be in the situation to decide the best per mile rate to charge their shippers.

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8 Things You Never Knew About Cattle Transportation https://www.fueloyal.com/8-things-you-never-knew-about-cattle-transportation/ Thu, 08 Dec 2016 14:30:39 +0000 https://www.fueloyal.com/?p=6358 Cattle transportation is just one of the many commodities that get send across the nation every day. In fact billions upon billions of dollars’ worth of freight is moved along every year. This can be done by shipping containers, on flatbeds, box trucks, and livestock trailers, like those used for cattle transportation. There are numerous [...]

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8 Things You Never Knew About Cattle Transportation

Cattle transportation is just one of the many commodities that get send across the nation every day. In fact billions upon billions of dollars’ worth of freight is moved along every year.

This can be done by shipping containers, on flatbeds, box trucks, and livestock trailers, like those used for cattle transportation.

There are numerous means for getting freight transported from one place to another. These can be from ship to port (typically overseas imports). In certain areas river barges can be seen loaded with cargo.

Air transportation is common, especially with smaller packages and overseas imports. One of the more common is the use of the rail system (companies like Union Pacific and Burlington Northern).

Then of course we have what is probably the most thought of, – the big rigs dragging trailers on America’s highways.

But there are other ways; now with the new technology and fancy gadgets, drones are becoming a new form of package delivery service.

Regardless the means used, getting freight from producer to market is important, I will even say it’s crucial.  It really doesn’t matter what is being transported.

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Top 25 Freight Brokers In USA https://www.fueloyal.com/top-25-freight-brokers-in-usa/ Wed, 16 Nov 2016 14:30:29 +0000 https://www.fueloyal.com/?p=5757 Freight brokers, if there were ever two words that conjure up more debate and confusion in the trucking industry I am not sure what they would be. Well perhaps, government regulations. Why do I say that? Well much like the regulatory agencies, freight brokers are misunderstood. Unfortunately some of that is based on misinformation while [...]

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Top 25 Freight Brokers In USA

Freight brokers, if there were ever two words that conjure up more debate and confusion in the trucking industry I am not sure what they would be. Well perhaps, government regulations.

Why do I say that? Well much like the regulatory agencies, freight brokers are misunderstood. Unfortunately some of that is based on misinformation while some is based on devious freight brokers themselves.

But don’t judge all on the deeds of a few. Just like there are some bad and good truckers or bad and good dispatchers. There are so many great brokers out there. Many who actually care about their job and respect the industry; many who work effortlessly to try and make the best arrangements possible.

Now first let’s dispel a few common myths. One of the things many in the industry will say is that freight brokers aren’t that important. That is untrue.

According to the Bureau of Transportation Statistics the US has the largest transportation network in the world!

The end of 2015 saw over 65,000,000 tons of air freight revenue transported for the year. Think of how much sea, rail, and roadway freight was transported, and keep in mind at one point all of that ended up on a truck.

Top 25 Freight Brokers In USA
Source: www.freightpros.com

And just how do you think much of that freight was arranged and scheduled? Perhaps not all but much of it was done through freight brokers. The U.S. Bureau of Labor Statistics (BLS) reports that there are around 80,000 freight brokers (and agent positions).

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Learn All About Bobtail Insurance  https://www.fueloyal.com/learn-all-about-bobtail-insurance/ Thu, 03 Nov 2016 15:53:04 +0000 https://www.fueloyal.com/?p=5324 With so many things to concern yourself with in the trucking industry, is bobtail insurance high on your list of what’s important? Or are you focused on things like truck maintenance, making sure your drivers have their CDL and proper endorsements, government regulations, finding loads, and such? Oh I am sure you know the importance [...]

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Learn All About Bobtail Insurance 

With so many things to concern yourself with in the trucking industry, is bobtail insurance high on your list of what’s important? Or are you focused on things like truck maintenance, making sure your drivers have their CDL and proper endorsements, government regulations, finding loads, and such?

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Oh I am sure you know the importance of bobtail insurance. Not just the legal requirement to actually have and maintain your current policy, after all you don’t want to get fined and hurt your safety rating. There are also the other obvious reasons to cover your truck and important truck equipment, in case of an accident being a main one. Then we can’t forget the most important reason, the driver and other potentially injured people. He/she needs to be protected from the high cost of medical care while at the same time receiving the care they need.

Learn All About Bobtail Insurance 
Source: www.blogsdir.cms.rrcdn.com

 

As I said previously, in the trucking world there are so many concerns:

  • Maintenance: (tires, brakes, lights, mirrors, fluids/oils, etc.)
  • Regulations (federal, state, local, contractual, company, and industry related)
  • Loss Prevention (theft of product, fuel misuse/siphoning, missing equipment)

And the list goes on and on. What about staffing, office staff and drivers salaries, equipment, truck office expenses and insurance? But there is even so much more to stress about. It could make one really wonder, “Is it all worth it”? Well yes it is, if you are prepared and have everything in order and take care of the little things, including your bobtail insurance.

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