Blog | Accutrac Capital Factoring Company

Blog | Accutrac Capital Freight Factoring Company

Key Performance Indicators for Trucking Companies

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If you own or manage a trucking company, you need to know the key performance indicators (KPIs) that are crucial to the success of your organization. Identifying and tracking the KPIs that are appropriate to your companys performance is comparable to using a map and compass to evaluate direction and progress towards your strategic goals.

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Trucking Load Boards and Employment Sites

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Load boards are useful tools for trucking companies to find and acquire loads. With so many options available it's often difficult to choose a load board that best suits your needs. This article features a few of the industry's trucking load boards and employment websites to help you narrow your search and find good loads or the best trucking jobs.

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Information and Resources: Tracking the Industry

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Trucking is a complex industry creating a difficult management environment for business owners and fleet managers to operate in. Accutrac Capital regularly posts blog articles featuring information and opinions from industry advocates to assist in making informed decisions. View our most recent collection of articles selected for our resource library.

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FLAT FEE FACTORING is a Game Changer!

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Establishing a solid financial strategy to manage the constant flux of operational costs is essential. What if you had the ability to calculate revenue and cost per mile while receiving payment in a controlled environment. That would be a significant step forward in minimizing variables - that would be a game changer! Flat Fee Factoring is the game changer for many freight carriers.

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Get Cash and Save Cash along your trucking lanes

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Trucking is not only a capital intensive industry, but also cash flow intensive, requiring daily access to working capital. This infographic illustrates how your working fleet can access immediate funds to sustain operations while on the road. Flat Fee Factoring, Cash Advance and Fuel Discounts are industry specific financial services that create Cash Points along the lanes you run to keep your trucks moving and bolster your bottom line.

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How does Invoice Factoring increase profitability?

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Factoring companies that specialize in freight transportation provide tailored funding options to help your trucking business grow and increase profitability. As the economy seeks revival throughout 2016 and beyond, it is the trucking companies that react quickly and efficiently to opportunities that will benefit the most. With immediate access to working capital, trucking companies can operate at their most productive levels; efficiency is key to profitability.

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Information and Resources: Monitoring the Industry

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To assist truck company owners and fleet managers in operating an efficient and profitable trucking business, Accutrac Capital curates a series of blog articles relevant to current industry issues. View our most recent collection, intended to provide a snapshot of market conditions and highlight common topics of interest.

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A History of Invoice Factoring in the Trucking Industry

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Invoice Factoring has accompanied and supported the trucking industry since its early days. The success of this financial arrangement is based on the expediting of payment on revenue already generated. Invoice factoring has been around for centuries and will continue to provide financial support to the trucking industry for many more.

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Improving Your Business Credit Score

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Improving your business credit score should be one of the main goals of your trucking companys financial strategy. Your business credit status is often the basis for decisions other companies make about you. It pays to have a focused long term goal to foster a strong credit rating for your trucking business.

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How do Bank Covenants Affect Your Trucking Business?

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Knowing how bank covenants affect your trucking business is a critical consideration when choosing the right funding solution for your company. Loan covenants are generally associated with financial benchmarks of your business performance and are closely monitored by the bank to assure adherence. Read and thoroughly understand the implications prior to signing an agreement.

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Information and Resources: Capitalize on Industry Knowledge to Maximize Profits

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Accutrac Capital searches the internet on a regular basis to identify relevant blog articles that offer valuable insights and perspectives on the trucking industry. Selected articles are posted to assist truck company owners operate their business with greater efficiency. View the most current blog articles selected for our resource library.

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How B.C. Trucking Companies Should Manage the High Cost of Fuel

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British Columbia consistently suffers from the highest costs of fuel in the country. One of the biggest challenges of operating a profitable fleet is to keep tight controls on expenses. A fuel cost control strategy must be employed to gain the substantial savings needed to protect your companys profitability. Fuel discount programs that provide significant savings off the pump price will naturally improve your companys bottom line.

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