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Double Brokering and How to Spot It

2024-07-12T13:13:59+00:00Freight Brokers, Owner Operators, Trucking Business Success, Trucking Company, Trucking Industry News|

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 [...]

The Difference Between Interstate and Intrastate Trucking

2024-06-17T13:44:26+00:00Trucking Business Success, Trucking Company, Trucking Industry News|

Anyone in the trucking industry understands there are significant regulations for commercial transportation, whether the trip takes them around the block or across the country. While some guidelines are universal, others are related to how and where you transport goods. These selective rules are primarily related to whether your [...]

Freight Contract Rates vs. Spot Rates

2023-10-18T14:04:14+00:00Freight Factoring, Trucking Business Success, Trucking Company, Trucking Contracts, Trucking Industry News|

As trucking businesses plan out their year, logistics and supply chain demands significantly impact their revenue streams and bottom lines. Smaller and medium-sized companies are especially affected by their decisions to take part in the spot freight market or negotiate agreements for longer-term contract rates. While both options have [...]

How to Calculate Your Trucking Cost Per Mile

2024-07-12T13:30:48+00:00Cash Flow Tips, Fleets, Fuel Cards, Owner Operators, Trucking Business Success, Trucking Company, Trucking Industry News|

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 [...]

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