Fuel accounts for a significant portion of expenses in the trucking and transportation industry, so controlling and tracking costs can help your business stay ahead. You can take a few different approaches to paying for fuel across your fleet. The two most common options are credit cards and fuel [...]
A fuel card is an electronic payment method that allows drivers to purchase fuel from a gas station without having to pay cash or credit their bank accounts. The driver charges the fuel to the card and their company pays for it. A new standard in the trucking industry, these [...]
Trucking is a major enterprise in the United States, accounting for nearly 6% of the country’s gross domestic product. The industry carries out many vital functions, including delivering goods across the country, providing jobs, paying taxes and keeping costs down by maintaining competitive prices. However, one of the biggest challenges facing [...]
If you are or want to become an owner-operator, you’re in good company. The average owner-operator’s annual income ranges from $125,000 to $340,000. The United States transportation and material moving industry is expected to grow faster than average through 2032, with about 1.9 million openings yearly. However, an owner’s expenses may mean they operate within a small profit margin, limiting their earnings. [...]
Calculating your cost per mile is essential for determining whether you are charging enough for hauling a load. Knowing and understanding how to calculate cost per mile can help ensure you do not lose money. Truck drivers can go out of business if they don't calculate their average cost per mile, which is [...]