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The Truth to How Trucking Companies Make Good Money

Alma Bailey 0 Comments

There is only one answer to this question; by driving loaded miles for a paying customer and charging additional fees when appropriate. Any other activity will cost the company money. The real question to be answered is; how do trucking companies make good money?

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How to Grow a Successful Trucking Company

Alma Bailey 0 Comments

The greatest opportunities for trucking companies to grow are rooted in a downturn within the industry. As competition increases, unprofitable operations are weeded out causing capacity to exit the market. For trucking companies that survive, opportunity for growth becomes abundant as volume begins to return and more trucks are needed to fill the gap.

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How to Prevent a Cash Crisis

Alma Bailey 0 Comments

As freight volumes continue to defy the norm, it is important for trucking company owners to "be prepared for anything". In an unpredictable market, cash flow is particularly subject to wild fluctuations. Every transportation business has them; times when incoming cash can't keep up with the demands of outgoing cash. Having a back-up plan for these challenging periods can prevent a cash flow low from turning into a cash flow crisis.

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How to Easily Calculate Your Trucking Company's Profit Margins

Alma Bailey 0 Comments

Demand for freight transportation is down one period and up the next, the one thing that doesn’t change; margins remain slim. How is it possible to keep making profits in this unpredictable environment? Learn how to monitor and manage your trucking profit margins.

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National Truck Driver's Appreciation Week

Alma Bailey 0 Comments

Through unexpected complications, long days at the wheel, and lonely nights, a driver’s life is full of adventure and stories most other jobs may never offer. Travelling over 100,000 miles annually, the well-travelled truck driver breathes the air of more cities in a year than most people will during their lifetimes.

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How to Calculate Working Capital for Your Trucking Company

Alma Bailey 0 Comments

Whether you have a good understanding of finances or just a basic knowledge, the most important thing to understand and manage is your operation’s working capital in order to support your trucking business. Sometimes referred to as operating capital, working capital is the life blood of your company. Working capital pays the bills and sustains your trucking operations. Knowing how to calculate net working capital and being financially prepared is essential to the success of your trucking business operations.

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5 Tips to Accounts Receivable Management for Trucking

Accutrac Capital 0 Comments

Get paid faster. Accounts Receivable Management is a critical task that needs to be performed regularly and professionally in order to fully manage your trucking companys cash flow. The speed with which your company converts its invoices into cash can have a tremendous impact on the overall health and profitability of your trucking business.

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Factoring Line of Credit vs Business Line of Credit

Alma Bailey 0 Comments

You have a thriving business, a fleet of trucks and a pool of drivers that produce good revenues and yet your cash reserves are always low. How do you keep operations moving when fuel expenses, driver salaries, maintenance costs and so many other expenses keep draining available working capital?

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4 Tips for Collecting on Accounts Receivables

Accutrac Capital 0 Comments

It can be one of the most frustrating things when running a trucking business. You've done a great job, delivered your shipment on time. And then your customer doesn't pay on time or takes up to 90 days to pay. Learn how ot improve your accounts receivables collection process with these easy tips that will help you collect on your freight bills faster.

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How to Use Freight Factoring in Your Trucking Business Plan

Alma Bailey 0 Comments

To succeed and grow your trucking business you need a plan. Part of your financial strategy should include a means of keep cash flowing into your company.

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How to Calculate HVUT for Form 2290

Alma Bailey 0 Comments

Just a few short months ago your trucking company had to pay its 2018 taxes. But it’s not over yet, another truck tax is looming just around the corner. The Heavy Vehicle Use Tax (HVUT) Form 2290 is due September 3rd, 2019.

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Press Release: Accutrac Capital Solutions Inc. Acquires eCapital LLC

Alma Bailey 0 Comments

Accutrac Capital Solutions Inc. is pleased to announce the acquisition of eCapital LLC, a leading transportation factoring company that provides cash flow solutions to transportation, freight and logistics companies throughout the US.
 

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