Are you considering to get engaged with freight bill factoring companies? First, there are certain things to know before you take any action in particular.

How is the use of freight bill factoring companies reflecting your business? Are they leading your business to success or failure?

Sometimes the cash flow is uncontrollable and might slip out of your hands. Then you start panicking and you do not know what to do.

Then you start wondering how to solve the problem, what to do in order to improve your business etc.

We have all been there.

More importantly, we have heard about the freight bill factoring companies. They are the famous rescuers to companies and businesses.

And while there are facts to know about the world of trucks, there are secrets referring to the freight bill factoring.

What Is Freight Bill Factoring?

The freight bill factoring companies offer you services that will help you keep your trucks on the highways.

Thus, you avoid the time waiting in order to get paid. The freight bill factoring companies respect the timing needed for your operations.

The post 10 Secrets You NEED To Know About Freight Bill Factoring Companies appeared first on Fueloyal.

Hot Shot Load Boards as the time has flown slowly are started to become one of the most important parts of any trucking company operating Class 8 trucks or doing OTR  trucking business. Finding a great load board that perfectly fits the needs of your trucking business now is more important than ever.

Source: www.sharjahflight.com

Unfortunately all of us had some pretty bad experience over the last 6 months when it comes to load prices. It wasn’t easy at all to find the load not even to speak that once you find it in most cases load prices were so crazy low. A lot of trucking companies suffered from great financial losses because of that and most of them haven’t recovered yet and a lot of them even gone to bankruptcy.

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Situation is very serious in trucking business and it requires full and constant attention and cost cutting. Also the best thing would be if the company has resources to increase the income but to do that trucking companies should prepare themselves months in advance.

The post How To Choose Best Hot Shot Load Boards appeared first on Fueloyal.

The trucking industry has a major part of US economy because generates 5% of USD GDP or $700 Billion/Annually. The trucks across the USA spending 13% of all purchased fuel in one year and the calculations are $130 billion. The fuel is the biggest expense in every trucking company and if it is not managed well it can be catastrophic for the profit. Fuel Theft Calculator can help you to discover the amount of money that you are losing every month by using the Smart Fuel Cap.

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The business is hard enough without additional costs and every dollar is valuable to stay in business. The profit margins are not so great lately, in fact, they are lower than 5 %. This means that when you cover all of your expenses from $1 million annual earnings your profit drops in $50,000.

Fuel Theft Calculator will give you information how much money you will save with using antitheft solution which will allow you 100% control over the fuel. The Fuel Theft Calculator will produce information for the:

• Average Monthly Savings / Fleet
• Maximum Monthly Savings / Fleet
• Total Yearly Savings / Fleet

That is why you need to find a way to cut your costs, lower your expenses and stop fuel misuse. Since your biggest expense is the fuel you need to protect it from Siphoning or other types of fuel frauds that are secretly killing your profit.

What is Fuel Theft

When all of your expenses are covered with bills and buy the book everything is spent by the rule well… that my friends is as the result of the creativity of the thieves to find a way to cover their dirty work. They become professionals and developed a chain of cooperators so the fuel theft becomes a very well developed system of fuel fraud. There are so many ways of how the fuel is stolen from the fuel tank and some of them are very creative ways I must admit.

Source: www.telogis.com

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In today article we are going to speak about trucker tax service and their importance. They say ‘if’ can be the most powerful word in the English language. What has become the most dreaded word in the English language? TAXES!

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It is the one word that strikes fear into the heart of the mightiest of hero. Warriors would rather enter the den of Medusa than deal with their taxes. Ever since the first person put value on something there has been a ruler who wanted to generate revenue from it. Every time you go to the grocery store, see a movie or buy gas you pay taxes. When you bought your first truck, your first house, when you got married, and even when we die… we pay taxes.

Taxes however, are important and needed to allow nations to operate, even if they are considered the proverbial wound that will never heal. Yet taxes aren’t all bad they provide the ability to have schools, roads, and other social programs. They pay the bills, just like you generate income to pay your bills, so must Uncle Sam.

The post How to Choose The Best but Cheap Trucker Tax Service appeared first on Fueloyal.

Though not everyone fully appreciates its importance, freight is an essential part of the economy in our country. Transportation services are more and more needed to deliver the goods to its final destination. But it isn’t just the freight companies, the brokers, or the drivers. It is so much more.

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This industry affects so many, from the manufacturer (those who make the products) to consumer (who actually buys the delivered products). Not to mention the mechanics, diners, and others whose livelihood either directly or indirectly relies in the trucking industry.

Source: accountingtaxtips.com

Then when you consider all the liabilities, regulations, and agencies dabbling in the process it can often seem overwhelming. And all of this adds to the cost of doing business and trying to get freight from point A to point B.

The truth be told, this actually it is quite a process that requires a lot of attention, special detail, hands on involvement, and full understanding of the various issues and associated cost. But once you sift through all the official information you’ll see that being a part of this industry is not as overwhelming as it may have looked at the beginning.

Source: www.expeditersonline.com

Being an owner of a trucking business requires a lot of experience and a strong support staff. It takes more than just knowing this type of business and the ever-changing laws and regulations.

The post 10 Secret and Best Trucking Accounting Advices appeared first on Fueloyal.

In this day and age the trucking business can be very profitable. Each year, we witness a lot of new trucking companies rise in the market but they fail before they can even establish themselves. Numerous reasons are behind the scenes that will predict this kind of outcome. One of the main reasons is …

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Eating or “killing” the profit in your Tracking Company

Being an owner of such a business requires complete dedication, as well as energy and full hands on involvement. It takes more than just knowing this type of business and/or the law and regulations, but also knowing the expenses.

When it comes to cutting the expenses, effectively saving and cutting cost in your organization, there are few tips which can help you improve your business, while at the same time save you a lot of money in the long run. In order to remain competitive, one must think of ways to stay cost effective and follow the legal guidelines while at the same time utilizing time modern and up to date techniques, so on the end of the day you-the owner can be in a win-win situation.

The post 5 Expenses that Kill Profit of Your Trucking Company! appeared first on Fueloyal.

Trucking Industry Cost Introduction

Trucking industry is one of the most complicated industries where overall profit margins are really low. On average trucking companies make around 5% net profit of their entire annual income.

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It is also high volume business meaning that you have huge amounts of money to control and if you are very well experienced and careful you are on the road to create a big and stable company. On the other hand it is very challenging to keep the head clear and manage and run the company trough existing situation and guide it to a success in the future as well.

On average you trucking company if it is very well managed generates up to $250.000 annual income per class 8 truck if they have they own drivers (not owner operators) so having in mind that $237.500 of that money are costs provides a better picture and understanding how difficult it is to be in trucking company manager shoes.

One of the most difficult situations when it comes to managing costs is also because of the nature of the business – to be a part of this business you need to own (or lease) trucks and they are very expensive. Saying that means you need to have a lot of money or be able to lend a lot of money.

The post Discover Worst Possible Costs In Trucking Industry appeared first on Fueloyal.

So, you are about to go online for your first loads. That’s great, but do you know where exactly to look for? Does it even matter? Should you go for free or paid loads? How to choose the best matches for your business? What to expect from that deals?

Obviously, with so many options out there, you will have tons of question on your mind.

That is also one of the reasons why I organized this article in Q&A form.

The focus is on the most common issues you’ll be dealing with when you decide to use online load boards.

In this text you will find the answers to the most important ones, including pros and cons of online load boards, top recommendations, tips to get it right and much more.

Let’s start.

#1 Are the loads boards the best choice for me?

If you are starting a trucking business then load boards are definitely the way to get things going, but always keep in mind that load boards are not long term solution.

Maybe you are assuming that, with such a free, fast and efficient system, there must be a catch. Unfortunately you are totaly right, and it’s more than just one thing.

The post Free And Paid Online Load Boards: 8 Most Important Questions And Answers appeared first on Fueloyal.

Over the last period of months there has been a lot of noise about ELD and all the changes to the trucking industry this new set of rules will bring.

There is a lot of time (ELD Mandate – Release Date) for all trucking companies to adopt but as you all know and a lot of you already use – the market is packed with all sort of mobile apps offering in some cases better and in some cases not so good Electronic Log Book solutions.

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Current Situation – E- Log Mobile Apps

I had a very good experience with all of these solutions and police officers were really affirmative when it comes to there new technology. Is there any bad experience with you guys -please share it with us so that we can warn the rest of the drivers.

In 95% of the cases roadside inspections will accept those mobile App solutions installed either on tablet or smartphone as a valid proof of your driving records. In some rare cases they will ask for the print copy but almost all of them will accept if you email them or just fax them the 7 days records of your driving.

The post Electronic Logs – 11 Exclusive Secrets To Stay Compliant appeared first on Fueloyal.

When we are referring to the small trucking businesses, we are picturing owner-operators and fleets under 25 trucks, but the truth is that In USA every fleet under 100 trucks can be called a small business.

Servicing your customer, with more value than your competitors do, requires efficient operating. It means that, unlike the big carriers, you simply can’t afford to have unnecessary costs. By wasting your miles and fuel, you are doing exactly that. That’s why monitoring the fuel costs is among top priorities of any fleet management.

According to WEX small fleets are facing these top issues in managing:

Since the fuel cards are helping in facing those issues, it’s very important to choose the best match for your company.

But, before purchasing your fleet fuel cards, there are things to be considered.

What You Should Know When Choosing a Fuel Card?

Regional limitations

Start with asking yourself where you will be using fuel cards. It’s very possible that not all companies are operating in your region. Also, some are limited only to specific stations. Both can cause fuel and time waste, when finding an appropriate station.

The post The Best Fleet Fuel Cards For Small Trucking Business appeared first on Fueloyal.