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.
Find out the details to watch for in any factoring contract—and why it’s usually better to go without any contract at all.
Ready to start driving for yourself? Find out how to start a trucking business as an owner-operator in this comprehensive 10-step guide.
Having trouble hitting the goal for your trucking company profit margin? These tips can help, both by cutting costs and boosting revenue.
The debate over recourse vs. non-recourse factoring continues—but these services aren’t always what they seem. Find out which option is best for you.
Struggling with unfamiliar factoring terms? This brief glossary introduces all the factoring terminology you need to know to understand the process.
Struggling to understand owner-operator taxes for your trucking business? This guide walks you through the basics, including common tax write-offs.
Before you make a purchasing decision, calculate rates, or set your budget, you need data. Here are the trucking company performance metrics to track.
