In this article, we’ll discuss why you should have a business bank account, the types of bank accounts available, how to set up an account for your company, as well as what to look out for in a bank.
If you’re starting a trucking business, it needs a legal structure. Here are the different options and what they mean.
The worst of the CoreFund fiasco is over: yesterday (July 28, 2022), the judge in the court case about the factoring company appointed a trustee on behalf of CoreFund Capital. This means there is now an entity that (in theory) could issue releases from UCCs and NOAs, though it will likely take days or weeks…
What does net 30 mean to carriers? Find out here, along with helpful advice on navigating trucking payment terms.
Confused by the term “notice of assignment” in the trucking industry? It’s simpler than you think. Here’s what you need to know.
Factoring can get your invoices paid a lot faster. But what is factoring in the trucking industry in particular? Find out in this detailed FAQ.
Should you make your way in the trucking industry as an owner-operator or as a company driver? Learn some of the pros and cons of each.
We won’t sugarcoat it: Purchasing a semi truck is a heavy financial lift. Don’t expect to buy new for less than $100,000—and depending on the features you need, the price will probably be a lot higher. Even with lender financing, you’ll need a down payment that could range from 10% all the way up to…
Semi trucks and tankers are both significant investments. A new power unit costs at least $100,000, and very likely more, depending on the build. Online trucking dealer Commercial Truck Trader sells new tanker trailers in the $70,000 range—and as we publish, a complete 2019 Freightliner fuel tanker truck was listed, with tax, at $227,109. Before…
Fleet downtime is a significant cost for trucking businesses. Here are a few ways to keep downtime to a minimum.
What do you need to know before buying your first semi truck? Lots. Here are some questions to guide your research.
Like any financial tool, factoring carries certain risks. Here are the invoice factoring risks truckers should watch out for—and ways to avoid them.
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