Posted on Monday, November 28th, 2011
You know how it works, the more you haul, the more you make. With the official national weight limit at 40 tons, there are quite a few places on the books – such as Main and Vermont – that are allowing up to 100,000 pounds on interstates. But not everyone is happy. Critics say that heavy trucks make things less safe because they are harder to control and stop and create more damage on the roads.
What’s your take? Read the full article online here.
Posted on Sunday, November 20th, 2011
Learn how this trucking company violated some common safety practices and ended up crippling one person, injuring six others, and killing someone. Then they got a $16 million law suit slapped on them for damages and medical expenses. While your fleet may not be as big as these guys, it’s important that you stay safe… for you, for others, and for us all.
Read the full article here.
As always, we want to be the trucking factoring company of choice for you! Contact us for any tips or questions.
Posted on Saturday, November 12th, 2011
We all know it, those pesky fuel prices are all over the place eating into profits, messing with your cash flow… so what is a trucker supposed to do? Well, if you haven’t optimized what you’ve got, you can get started with our seven quick and dirty tips to reduce your fuel costs:
#1 No So Fast, Speedy
This is the easiest and cheapest way to get better fuel economy. For example driving 63mph instead of 68 can increase you mpg by 10%! It’s also easier on the engine.
#2 Stop Idling
No, we’re not talking about being lazy on the job, but idling your truck. Every hour you do that burns a gallon of fuel. If you get an aux power unit it will burn less the .3 gallons per hour.
#3 Check the Tire Pressure
If you under inflate, but as little as 4 psi, you could lose up to 5% or more in fuel economy. Plus your treads will live longer as they are not as close to the ground.
#4 Plan That Route
Yep. It’s a simple as that. Plan out your route before you go and eliminate unnecessary stops along the way.
#5 Aerodynamics Can Help
A number of after market add-ons, skirts, and things like Freight Wing Skirts can help. One of our clients got another mile to the gallon after doing this.
Hope these 5 ways helped! Talk to you soon. Your trucking factoring company of choice, Pay4Freight.
Posted on Saturday, November 5th, 2011
There are many things to consider when searching for the best freight factoring company. We’ve put together a top 5 list to help get you started. After all, choosing the right freight bill factoring company is an important step in helping your business grow. If you don’t have a handle on their customer service, fees, and other items you can get burned.
#1 Are They Freight Factoring Experts?
There are many people that offer factoring services but don’t understand the particular nuances of the trucking industry. Are the trucking factoring companies you are looking at experienced in this industry? How long have they been around?
#2 Freight Bill Factoring Rates and Pricing
One easy way to get burned involves just signing off before understanding what you signed up for! Read those contracts, understand the rates, and don’t feel inferior if you have to ask for things to be explained again or in a different way.
#3 Customer Service
You are the client. So you should be treated respectfully and positively from the get-go. Since freight factoring involves so many decisions it’s important that you know they answer the phone, emails, and help you out when processing all those documents.
#4 Customer Reviews and Testimonials
Check up on their customers. Ask to call a few. Look on their website for any reviews or testimonials. Finally, Google search the company name and then add the word “reviews” on the end of it or “testimonials”. This should turn up some stuff.
#5 Fuel Advances
In this day and age, with the fuel pricing fluctuating wildly, you may have the loads but you don’t have the fuel to run them. So a trucking factoring company that offers fuel advances goes a long way.
Well, there you have it – 5 tips to finding the best freight factoring company. As always, we are here to help. Just contact us via phone, online, or live chat.
Posted on Sunday, October 30th, 2011
With fuel prices rising and rising and the number of drivers going down it has been difficult for trucking companies to make a good profit. The larger carriers are handling this by capping how many trucks and drivers they have out there. With the “bigger fish” getting fried a bit by this economy, Pay4Freight is helping the small to medium sized carrier stay afloat. Why? They need capital to keep running. Cold, hard cash. And what is great is we’re helping our clients get that cash quickly to keep fuel in the tank and have a good holiday season with our fax and get paid program. If you fax in your BOLs we’ll get you funded same day. So check out our freight factoring programs.
Posted on Monday, October 24th, 2011
We pose a question to you truckers today. What could you do if you had unlimited financing today? How could you grow your business. How would your profits grow? The transportation industry continues to morph and change and new freight opportunities are arriving each day. Shippers are looking for new carriers due to the bankruptcy of carriers and also due to shrinking fleet sizes.
At Pay4Freight our goal is to keep you rolling with fresh cash, so you can keep up with these industry opportunities. Check out our freight factoring services and know that you can give Robert or Molly a call at anytime for direct help for your business!
Posted on Monday, October 24th, 2011
According to American Trucking Associations index truck tonnage climbed 5.9% in September. This should be a good sign for any of you wondering about the recession and the current economy. Interestingly enough this is the 22nd year with of increase that began in December 2009.
“I continue to believe the economy will skirt another recession because truck tonnage isn’t showing signs that we are in a recession,” said Bob Costello the ATA Chief Economist. “Tonnage is suggesting that we are in a weak growth period for the economy, but not a recession.” This could also signal some gains in the 3rd quarter coming this year.
As always, we keep our freight bill factoring ready for you to keep you rolling with good, hard cash.
Posted on Thursday, October 20th, 2011
National average prices for diesel are running at $3.801 a gallon as of October 20th. They rose 8 cents alone in the week ending on October 17th. This is the fatest pace tehy have risen in 28 weeks as crude oil prices have dropped due to concerns over the European debt crisis. Who knew! The Euro debt crisis’ tentacles reach all the way across the Atlantic and hit our freight factoring clients.
The Northeast US is somehow weathering this storm. They are the only region to not see any price increases yet. The lower Atlantic region on the East Coast has seen the greatest increase. Up a hard 8.7 cents a gallon. Go figure!
But we are here to help you out. Our fuel advance program can help you curve some of those diesel costs.
