Freight transport is a competitive industry, and trucking companies aiming to maximize profitability must master the art of negotiation. Effective rate negotiation can impact your bottom line, especially for smaller fleets. This article explores fundamental strategies for securing better freight rates, emphasizing the pivotal role of robust cash flow in [...]
The Department of Transportation (DoT) defines double brokering as the illegal act of creating a deal involving two or more licenses. These arrangements are common in the United States transportation industry. The DoT argues that at least 70% of the loads on the Load Board experience double brokering, which leads to [...]
In 2021, businesses transported more than $1.33 trillion in freight through various transportation methods, such as trucks and trains. Two key players that enable this complex market to succeed are freight forwarders and freight brokers.While many consider the terms freight forwarders and freight brokers to be interchangeable, these industry assets [...]
How to Start Your Own Trucking Company in 2023 Starting a trucking company can be an intimidating business operation. But with help from trucking industry experts, it doesn’t need to be. Whether you have been a company truck driver with an established carrier or a new owner-operator, starting a [...]
What Is the Best Business Structure for Trucking Companies? Trucking companies play a crucial role in the supply chain by transporting products to stores, warehouses or directly to customers. More than 13 million registered trucks transport almost 11.5 billion tons of freight annually. With the increased demand for truck drivers, starting a [...]