Blog | Accutrac Capital Factoring Company

Blog | Accutrac Capital Freight Factoring Company

The Essential Checklist to Starting Your Own Successful Trucking Business

Alma Bailey 0 Comments

If you are planning to start your own trucking business or just got your authorities this article will help get your new company started on the right track.

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How to Get Your Own Authority in Trucking

Alma Bailey 0 Comments

Once you have experience as a truck driver or owner-operator it’s a natural progression to want to run under your own authorities. Having your own trucking business provides complete independence and the opportunity to earn more money! Find out how to get your own trucking authorities and reap the benefits.

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Infographic: The Essential KPIs for Trucking Companies

Alma Bailey 0 Comments

Whether you are a 1 truck company or a growing fleet, knowing your KPIs is critical in gauging the success of your growing trucking company. Check out our infographic to learn more about the essential KPIs you need to know to kick your business into high gear.

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Top 4 Tips for Recruiting Committed Drivers

Alma Bailey 0 Comments

Is your trucking company's recruiting and retention efforts off to a rough start? You are not alone. Many carriers are unable to strike the right balance with their recruitment and driver retention efforts.

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Infographic: How to Calculate Your Trucking Cost Per Mile

Alma Bailey 0 Comments

Are you driving your trucking company towards success? If you do not know the cost of each mile your trucks drive, you can steer your trucking company out of business.

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Calculating Cost-per-Mile of Your Truck Operations (part 1 of 2): Know your Costs

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If you do not know the cost of each mile your trucks drive, you can run your trucking company out of business before you even know it. Knowing what your operational costs are on a per-mile basis allows you to manage expenses more efficiently and determine an appropriate per-mile rate to charge shippers. For trucking companies, this form of cost control provides the essential information needed to be profitable.

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Infographic: How to Calculate Days Sales Outstanding for Trucking

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Calculating Days Sales Outstanding (DSO) also known as accounts receivable turnover is vital in determining the financial health of your trucking company. It is a measure of how fast your customers pay your invoices. Calculating DSO (accounts receivable turnover) is a simple equation that should be performed at least once a quarter.

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Utilizing Freight Factoring to Stay Competitive in 2018

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Rising freight rates juxtaposed with increasing industry challenges will stimulate a survival of the fittest environment throughout 2018. Trucking companies that employ financial strategies, such as Freight Factoring, will be able to invest in resources and support to meet these challenges.

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Truck Driver Shortage: How to Recruit and Retain Drivers

Accutrac Capital 0 Comments

The truck driver shortage continues to be one of the largest inhibitors of growth for most trucking companies. Knowing how to recruit and retain drivers effectively will pay huge dividends in the overall health of your business.

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How to Expand Your Trucking Business without Growth Capital

Accutrac Capital 0 Comments

When competing carriers embrace innovation and expand their fleet size to grab more customers and lanes, they threaten your business. Seeking out growth prospects and expanding your business is critical to sustainability. Freight factoring provides the financial leverage to grow your operations.

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Act with Caution when Buying New or Used Equipment

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Following years of monetary restraint, many trucking companies are now better positioned to update working equipment. But consider carefully before taking on long term debt. Freight Factoring supports growth without the restrictive covenants and monthly obligations a bank imposes on lenders.

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Will the IoT Save Trucking Companies Money in the Long Term?

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Fleet companies will want to be a lot more proactive with the IoT rather than reactive for one simple reason: taking advantage of it will save them money, especially in the long term.

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