Category Archives: Trucking

What is LTL Frieght?

Understanding LTL Freight

Less than truckload freight, also commonly referred to as LTL for short, is exactly what it sounds like — the process of transporting products and other goods that don’t necessitate a full tractor-trailer or other large commercial truck to do so.

Because of this configuration, one business may share space with others during transportation. They will pay only for the space their pallets are using, at which point the remainder of the truck will be filled up with assets relating to other businesses. Usually, these LTL freight shipments can range from between 150 pounds to 10,000 pounds, although there may be some exceptions.

Weighing the Pros and Cons of LTL Freight

As is true with any type of shipping, LTL freight has both its advantages and disadvantages. Only by understanding the intricacies of each will you be able to determine which approach is most appropriate for your needs.

Advantages

The most immediate benefit of LTL freight has to do with cost savings. It’s simply far cheaper to pay for a portion of the space on a truck than it is for the entirety of the vehicle. Depending on what you’re shipping, LTL could wind up being exponentially less than what you would otherwise pay.

Because of this, LTL freight is notorious for being small business-friendly in particular. Smaller organizations don’t necessarily have the available funds necessary for full truckload freight. If what they’re shipping doesn’t take up enough physical space to actually require that full truckload, they’re also paying for resources that they’re not utilizing. So not only does LTL freight become the more cost-effective option, but the most efficient one as well.

LTL freight by design is also very environmentally friendly. Due to things like fuel costs, it’s unrealistic to ship a truck with anything less than maximum capacity — especially if it’s going to be traveling large distances. Rather than having five businesses pay for five separate trucks that they won’t be utilizing 100% of, all that can be condensed into a single shipment — creating a beneficial situation for all parties.

Disadvantages

Of course, that’s not to say that LTL freight isn’t without its potential obstacles — chief among them being the added time that it adds to the shipping process.

If a business was paying for a full truckload, that driver would answer exclusively to them. It would pick up those products and head right to their final destination as quickly as possible. With LTL freight, you are sharing space with other businesses that will also need to be attended to. This could cause an appreciable delay in the amount of time it takes for a shipment to reach its destination.

LTL shipping is also inherently complicated due to the ever-fluctuating rates that organizations are charged. It isn’t just your shipment’s destination that carriers are concerned about. They also want to know the total weight, the pickup location, the deadline, and other factors. Everything impacts how much you will pay, which can make it a time-consuming process in and of itself to determine how much you’ll spend and where to go to find the perfect balance between price and the level of service you get in return.

Navigating LTL Freight Rates

As stated, a number of different factors determine the LTL shipping rate that you’ll pay. The dimensions of your shipment determine the class itself, which impacts — but does not totally dictate — the rate. The destination of the shipment will also play a role. The farther it has to go, the more money you can expect to spend.

Some shipments require special handling, which will also add to the cost. Examples include but are not limited to perishable items, fragile items, and anything that is particularly hazardous. Finally, if you choose to expedite your shipment, you can expect to pay an additional fee.

Optimizing LTL Freight Management

One of the best ways to optimize your LTL freight management efforts involves the use of a transportation management system, otherwise known as a TMS for short. This is a software-based tool that not only provides shipping optimization on a case-by-case basis, but also global visibility and business intelligence into everything that you have in transit.

Once all information is entered accurately, a TMS will be able to consider every LTL load you have in the context of your entire business. It can then help you identify opportunities to combine with other loads on nearby routes. It can also help you select an LTL carrier, better anticipate your rates, and more — all so that you can have the most complete and accurate picture to work from when making decisions.

Choosing Between LTL and Parcel Shipping

Generally speaking, LTL shipping is ideal for organizations that A) do not require a full trailer to transport their items, and B) are dealing with a shipment that is under 15,000 pounds. Any more than that and you would obviously want a full trailer. Any less than that and LTL still might be a bit too much effort given what you’re trying to accomplish.

Depending on current freight rates, parcel shipping might be the way to go. This is especially true if the items you’re shipping are under 150 pounds individually. In that case, you’d probably be able to find more competitive rates with a parcel service.

Addressing Common Issues in LTL Shipping

One of the most common issues that businesses often face with LTL shipping has to do with misunderstood shipping windows. When your average person buys a product online that is shipped to their home, they’re very used to “three-day shipping” translating to “three days or less.” When you’re talking about large, complex situations involving LTL freight, a quote of “three days” likely means a “minimum of three days.” Because of that, you need to calibrate your own expectations accordingly and make appropriate arrangements with your customers or those waiting for your shipments.

Another common issue that many have with LTL shipping has to do with rates that seem to fluctuate far more than they really are. If you’re getting a quote based on inaccurate information, that quote will be adjusted appropriately once the carrier actually has possession of your shipment.

For the best results, always weigh and measure as accurately as possible. If a product weighs 10 pounds, but it’s in a box with a lot of empty space, that’s a lot of wasted room that will only add to your costs. Try to package things as carefully as you can to avoid running into these types of problems moving forward.

To find out more information about the ins and outs of LTL freight, or to get answers to any other questions about the process that you may have, please don’t delay — contact Advanced Commercial Capital today.

Guide: How Much Does it Cost to Start a Trucking Company?

Trucking remains a vital industry in the modern world. Trucking companies transport over 72% of all goods across the United States, and that number is expected to increase in the coming decade. When done well, a trucking company can be a lucrative business venture that’s in high demand. In general, you should plan to invest $100,000 to $200,000 at a minimum to start a trucking company, and those costs can increase based on the size of your operation, the number of employees you intend to hire, and the number of trucks you wish to own. Rather than asking, “How much does it cost to start a trucking company?” and looking for a flat figure, a better strategy to understand these costs is to look at the various costs you will need to cover to launch and run a freight or tucking occupancy. At Advanced Commercial Capital, we work with trucking and freight companies of all sizes, and we understand the industry well. Here is a breakdown of the different costs of a trucking company that you would need to factor into your plans.

Starting Your Company – Initial Investment Breakdown

Starting your own trucking company comes with a variety of costs. Whether you start with one truck or 10, there are specific costs that you have to tackle to launch your business. Here is a general breakdown of the things you will need and their initial investments:

• CDL – Your commercial driver’s license is a necessity, and these costs vary from state to state, as does the cost of taking the CDL training course. Plan several thousand dollars for this expense.

• Truck and Trailer – To start your own trucking company, you must purchase a truck and trailer. The age, size, and type will all impact the cost. This cost can be as low as $15,000 and as high as $150,000 for just the truck and an additional $30,000 to $50,000 for the trailer.

• Insurance – Commercial trucking insurance can be as much as $12,000 to $18,000 a year per truck.

• USDOT and Motor Carrier Numbers – To operate legally, you must have an MC and USDOT number. The total cost is $300 per operating authority

• Business Entity – For your protection, you will want to set up an official business entity, such as a Limited Liability Company or S-Corp. The cost for this varies by state but is usually less than $2,000 for a simple business structure.

• Electronic Logging Device – Finally, you’ll need to invest in an ELD system to ensure your drivers remain compliant with hours on duty regulations. There are only a handful of exceptions to ELD regulations, so plan to invest in one of these systems at the launch of your business. These can cost as much as $950 per year to operate.

Before you can launch your business, you will need to have all of these costs covered, and our financing options can help.

Operation and Overhead Costs

Once the business is up and running, there are additional operation and overhead costs you’ll need to account for as you work to bring in income. Advanced Commercial Capital can help you account for the following:

1. Driver Salaries

Unless you are going to be an owner/operator, you will need to hire drivers to drive your trucks. Expect to pay a salary and mileage of around $70,000 a year to attract and retain reliable drivers. You may also choose to pay mileage in addition to a base salary, and a standard of 40 cents per mile is common.

2. Fuel and Tolls

Fuel is another cost you must account for once you’re up and running. You should expect about 6 miles for every gallon of fuel in your semi-truck, and the actual cost of fuel will depend on the current prices at the pump. Similarly, you will need to invest in EZ Pass to cover tolls for your drivers.

3. Technology

Many trucking companies find technology is essential to their operations. Advanced mathematics systems can help you keep your trucks on the road more accurately, and automated routing and dispatch systems will help improve the efficiency of your business. All of these systems cost something to operate.

4. Business Overhead Costs

Finally, a trucking company is, at its heart, a business. This means you will have costs for marketing, keeping up an office, invoicing your clients, creating rate confirmation and freight contract documents, organizing notice of assignment documents, and tracking payments, similar to any business. It can cost around $5,000 to start and run your initial marketing campaigns, and you will also need to account for other office-based expenses. In trucking, these operational costs include dispatch, which many new companies outsource, so plan on dispatch fees of around 5 to 10% per load.

Navigating Regulatory and Compliance Fees

The trucking industry is quite heavily regulated due to the serious nature of accidents involving semi-trucks. Here are some of the compliance and regulatory costs you’ll have to cover:

• BOC-3 Form – If you’re doing interstate business, you will need to have a BOC-3 Form, which shows you can operate legally in your various states. This costs between $20 and $40.

• International Registration Plan Credentials – The International Registration Plan Credential is also required if you cross state lines. The IRP averages about $1,700 a year, but these plates can cost between $500 and $3,000 per truck.

• International Fuel Tax Agreement Decal – Yet another regulation required for crossing state lines, the IFTA costs about $10 a year.

• Heavy Highway Vehicle Use Tax – The HVUT is applied to all trucks weighing over 55,000 pounds. It runs between $100 and $550 a year. You will also need to pay business income taxes each year.

• Unified Carrier Registration – The UCR for up to two trucks is $69, but for three to five vehicles, it is $206. Larger trucking companies will need to spend even more.

Choosing the Right Financing Strategy for Your Trucking Company

The costs to start a trucking company do vary from one to the next. The right financing strategy starts with the right finance company that understands the intricacies of running a trucking company. Advanced Commercial Capital works with trucking and freight companies, offering factoring, freight capital, and cash flow solutions tailored to the trucking industry. We help our clients finance their startup costs, avoid financial pitfalls, such as scams and double brokering, and create a financial plan that will work for the long term. Transportation financing is all we do, so we are well-positioned to help you launch your trucking company and keep it running through factoring or lines of credit that will keep the cash flow in play as you need it. To learn more about the costs of starting a trucking company, reach out to our team today.

A Complete Guide to Tucker Lingo and Radio Codes

The Origins of Trucker Slang

When you’re a truck driver communicating on the open road, you’re using radio frequencies that a lot of other people rely on at the same time. Because of that, the number one rule is to never use more airtime than you absolutely need. Out of this simple idea, an entire dictionary of trucker slang was born.

Trucker slang is a vocabulary developed by truckers on CB radios in the 1970s and 1980s. It saves time while still getting across important information about upcoming hazardous road conditions, a police presence, and other things that truckers need to be aware of while driving. Many phrases that are now common (like a person calling someone else’s spouse their “better half”) originated from what was essentially this new language that truckers slowly developed out of necessity.

10 Must-Know Trucker Terms for Beginners

While there are a seemingly endless number of examples of trucker slang out there, ten terms in particular are so common that it’s practically mandatory that you know them. Understanding what they mean (and critically, the context in which they’re used) is the key to having a successful, productive conversation while on the open road.

1. All Locked Up. This term is commonly used when one trucker warns those on the road behind him that an upcoming weight station is closed.

2. Alligator. Sometimes you’ll see this expression itself abbreviated as “gator.” It means that there are upcoming dangerous conditions on the road that truckers need to be mindful of. A piece of tire in the center of a highway could damage a truck’s hose or body, for example. Or, it could get kicked up and damage a nearby car. The term comes from the idea that you shouldn’t let it “bite you.”

3. Back It Down. This is something one trucker will say to another when they’re warning them to slow their speed. There may be a police officer coming up, or traffic may be getting hazardous for some reason.

4. Bear In the Bushes. This means that not only is there a police officer on the road up ahead, but he or she is also hiding just out of normal view. They’re probably trying to catch people who are speeding using the element of surprise.

5. “Do What?” When a trucker says something that doesn’t quite go out properly over the radio, another trucker might say “do what?” as a quick way to get them to repeat themselves.

6. Good Neighbor. If one trucker does something that you find helpful or that you approve of, you would show your appreciation by saying “thanks, good neighbor.”

7. Gumball Machine. This is yet another of the many examples of trucker slang relating to law enforcement. Here, one trucker is warning others that they see patrol car lights on the road ahead.

8. Home 20. A trucker would ask for your “Home 20” as a way to find out what your home location is.

9. In Your Back Pocket. A location is already “in your back pocket” if you have previously passed it on the road.

10. Roger. This is just another term for saying “yes,” “affirmative,” “okay,” or any other similar form of acknowledgment.

CB Radio Codes

Also commonly referred to as a “citizens band” radio, a CB radio is a type of tool that was commonly used by truckers to stay in communication with one another while on-the-road. Nowadays, wireless communication is practically ubiquitous – people have cell phones, messaging apps, industry-specific social networking tools, etc.

But for decades, when one trucker wanted to warn another about an impending road hazard, or to ask a question, or just to hold a conversation to stave off the boredom, they would use a CB radio in order to do it.
CB radio codes were developed as a type of shorthand to quickly convey an idea or a critical piece of information to others. Going beyond trucker slang like those examples outlined above, 10 codes are typically employed. This is a fast, efficient way to universally communicate ideas like:

1. 10-1. You would say this if you can’t hear another person you’re trying to communicate with.

2. 10-2. This means that you can hear other people clearly.

3. 10-3. This means that you want someone else to stop transmitting for whatever reason.

4. 10-4. This is a widely known expression that simply means “message received.”

5. 10-6. This means that you’re busy and that someone should hold on a moment before attempting to speak.

6. 10-9. You would use this 10 code when you want someone to repeat whatever it is that they just said.

7. 10-10. You would use this at the end of your transmission to let other people know that you’re done talking.

8. 10-17. You would preface a message with this, letting people know that whatever you’re about to say is urgent.

9. 10-20. You ask someone for their “20” if you are trying to find out what their exact location is.

10. 10-33. You would use this to let people know when there was emergency traffic at a station.

11. 10-45. You would say this if you wanted everyone within the broadcast range of your radio to report their status.

12. 10-100. This is the 10 code that means you’re taking a bathroom break.

Common Expressions

In addition to the CB 10 codes outlined above, there are a number of common expressions that you’re likely to hear on the radio. When talking about CB slang in particular, however, they take on a slightly different meaning than general trucker slang.

1. Ace. Someone would be referred to as “ace” if they are an important CB operator.

2. Ancient Mariner. A reference to classical literature, The Rime of the Ancient Mariner, this is used to describe someone who is an AM or FM user.

3. Beam. This is another way to refer to a directional antenna.

4. Big Mama. This term describes a 9-foot whip antenna.

5. Double Key. This phrase describes when two stations are talking at the same time.

6. Fox Charlie Charlie. This is another way to describe the FCC.

7. Fox Hunt. When the FCC is actively searching for illegal operators, this is called a Fox Hunt.

8. Haircut Palace. Someone would warn another driver about a bridge or overpass with a low clearance by calling it a “Haircut Palace.”

9. Twin Huskies. This is a term used to describe someone using dual antennas.

If you’d like to find out more information about trucker lingo and the types of radio codes that are commonly used on the open road today, or if you just have any additional questions that you’d like to go over with someone in a bit more detail, please don’t hesitate to contact the team at Advanced Commercial Capital today.

How to Get Loads for Your Trucking Business

Finding fresh loads is a constant hustle and sometimes a hassle for both truckers and trucking companies. But rest assured, with a shortage of truck drivers in the US; there are plenty of loads out there to source.

Whether you’re just starting to haul or have been moving goods for years, there are ways of finding new loads that are cost-effective and make doing business easier.

We will look at how to get loads for trucks and how to keep a steady flow of work coming your way.

Building a Strong Network of Clients and Partners

Networking is the backbone of established trucking companies. It can be time-consuming and hard to break through when branching out as an independent truck driver.

But building a solid network with clients and partners is beneficial and has a high payout over time.

Get involved with truck industry associations by going to events that focus on the types of freight that you are looking to haul. Some associations are exclusive and only allow entry if you work in their specific industry.

Keep in mind that trucking associates are not the place to find clients and are attended mainly by your potential competitors.

However, industry events are a great place to shake hands, exchange tips, and in some cases, build a prospect list.

Utilizing Online Load Boards and Freight Marketplaces

Load boards were once found on special television screens at most truck stops in the US. Now, you can easily find pick-up and drop-off locations, rates, and contact information all online.

You can find free online load boards, while others have paid options. Some load boards offer free trials and even have easy-to-access apps that send notifications about newly posted fresh loads.

Freight marketplaces and online load boards have the same basic function of connecting shippers, brokers, and carriers of shipments. But, a freight marketplace offers more services and is more comprehensive than a load board.

Online freight marketplaces use a load-matching algorithm to help shippers and brokers find suitable carriers for the job.

Developing Effective Marketing and Branding Strategies

You don’t have to be a million-dollar trucking company to develop an effective marking and branding strategy.

Organic social media content is an easy, cost-effective way to generate new business and build a reputation. When you post regularly, you’re putting your name out there and interacting with the shipping community. Just remain authentic to your brand and open to experimenting on different platforms.

Websites are great tools for spreading the word, but you want them to make a strong impression. One effective strategy is to work with an SEO professional to optimize keyword search and link building.

And we can’t forget truck wraps. A large vinyl decal can display your name, number, and an impressionable logo for thousands of people to see each day.

Maximizing Efficiency through Route Planning and Load Optimization

Load planning is about maximizing the capacity of you and your truck so that you can deliver multiple shipments in the fewest trips. But there are things you must consider your truck’s specifications (refrigerated), the center of gravity, where it’s going, and the product you’re hauling.

The main responsibility of a load planner is to maximize payload capacity. It also cuts unnecessary costs by considering loading sequence, destinations, overtime, and more.

Efficient route planning improves customer satisfaction because you can deliver goods on time, every time. It provides you with accurate time window management, real-time updates, effective other fulfillment, and services that focus on the customer’s preferences.

Using route planning and load optimization ensures better safety for drivers. It takes into account road conditions and road limits and helps you avoid high-risk areas. And when optimizing routes, you’re reducing fuel use and truck emissions, which lessens the environmental impact.

Maximizing efficiency through route planning and load optimization ensures that you’re complying with new trucking regulations. Manually planning and sequencing routes are inefficient, time-consuming, and leave too much room for errors.

Leveraging Technology and Automation for Streamlined Operations

In the trucking industry, technology is ever-evolving. Technological advancements and software solutions help streamline operations, reduce costs, and optimize overall performance.

Trucking companies and some owner-operators use fleet management software to track insights into vehicle locations, routes, fuel consumption, and maintenance schedules.

Electronic Logging Devices (ELDs) have changed how large-fleet trucking businesses and owner-operators track and manage hours of service (HOS) to remain compliant.

Using a telematics system to track performance allows you to monitor speed, fuel consumption, braking patterns, and more to optimize fuel efficiency and address any maintenance issues faster.

Advanced analytics and predictive maintenance is another maintenance solution that proactively addresses maintenance issues and minimizes truck downtime and repair costs.

The evolution of automation using mobile applications has changed how the trucking industry does everything from GPS tracking to load management. Mobile apps streamline operations, reduce time-consuming tasks, and enhance overall productivity.

Conclusion

You have options when you’re in search of fresh loads to transport.

Building a solid network of peers allows you to establish yourself in the trucking business as an owner-operator. And developing effective marketing and branding keeps your name out there.

Technology and the internet now allow trucking companies and independent contractors to access load boards and freight marketplaces from anywhere, maximize efficiency, and automate to streamline services.

Route planning and optimization come with plenty of advantages, including cost reduction, enhanced efficiency, better customer service, and more.

But understanding how to get loads for trucks is not the only way to increase cash flow and stay profitable. Saving money, improving cash flow, and remaining consistently profitable continues after you have picked up and dropped off a load.

We at Advanced Commercial Capital understand the things that truckers need to feel confident and succeed. We provide custom-tailored, fair and honest invoice factoringthat protects you against unpaid invoices due to fraud, bankruptcy, or delinquency.

You can contact us at Advanced Commercial Capital at 855-465-4655 or by using our contact form.

Trucking Key Performance Indicators

A blonde, female truck driver stands in front of a row of semi trucks, she is wearing a blue flannel with a red puffer vest, with her arms crossed, she's smiling knowing that she has solid data and information to increase the kpi for trucking companies

A Key Performance Indicator (KPI) for trucking companies is a metric that tells the staff more about how their operations are helping or hurting their bottom line. Known as Key Performance Indicators due to their unmistakable importance to an organization’s longevity, truckers need to pay attention both to what their KPIs are and how they change over time. Advanced Commercial Capital provides factoring for companies that prefer to have timely cash flow, which is why we encourage everyone to get a handle on how they work.

Cost Per Mile

How many miles a truck drives is easy to calculate, though most truck companies will break it up into loaded and dead-head categories. The loaded miles are known as those where the truck is carrying cargo, while the dead-head category refers to the return journeys. Clearly, the cost of loaded miles can vary throughout the journey, depending on whether the truck has multiple stops. (The tail end of a journey may not carry the same costs as those at the beginning, but it will have an effect on your total profits.) Dividing miles may not always be perfectly precise, but there needs to be a solid estimation as a jumping-off point for future calculations.

Gross Profit Margins

A gross profit margin refers to how much the company makes after deducting straight costs, like wages, maintenance, and fuel. Net profit margins refer to how much the company makes after deducting all expenses, which can include anything from annual taxes to business insurance. Assessing a gross profit margin comes down to having all of the right numbers, so it’s important to think about how much is spent at any given time on standard expenses. For instance, if you service all trucks at one time during the year, you can average out the costs to get a better idea of your gross profits per month.

Driver Turnover Rate

Driver turnover can often cost companies more than they realize. It’s not merely the cost of posting a job ad or calculating the amount in wages it takes to sort through the applications, run the interview process, etc. When one driver leaves, all of their training goes with them. If they had any relationships built up along the way, those bridges may be burned too. Though an extremely important KPI for trucking companies, the full costs of turnover rates aren’t always apparent until after a company gets into financial trouble.

While you’re considering the turnover rates, you should also think about employee satisfaction as a whole. The more happy and engaged employees are, the more productive they’ll be. If you’ve noticed that workers are ‘checked out’ to a certain extent, it may be worth more to incentivize them than it is to ignore the issue.

Safety Performance

Trucks are on the road day after day, so their safety performance will have a lot to do with how much every trip will make. When it comes to safety, ‘almost’ certainly does count. The more near-misses on the road, the more likely it is that the driver will have a mishap in the near future. Truckers may feel like they’re in unwinnable situations when it comes to their livelihoods: they have to be well-rested enough to function, yet they won’t make any money if they’re not on the road.

Careless drivers may be a great way to bolster short-term revenue for all involved but, overall, it’s a losing strategy. Improving this metric may involve anything from holding a one-time defensive driving class to entirely revamping the schedules of drivers. It seems like too much effort is being put into this one KPI for trucking companies, just consider what a single lawsuit would cost.

Freight Claim

It’s impossible to prevent every potential snag on the road when it comes to cargo. Sometimes the truck tilts at just the right angle in a way that could never have been predicted. However a company settles damage or loss to goods incurred on its trucks, though freight claims can cost trucking companies quite a bit if they’re not careful. Drivers are not always diligent when it comes to loading and counting their freight, and brokers and shippers are well aware of this. Pre-trip inspections, supervised loading, official reports, photos, well-stacked freight, and better driving can all go a long way when it comes to improving this KPI for trucking companies.

Equipment Utilization

Equipment refers to your trucks, but it can also refer to any ancillary gear (e.g., dollies, straps, etc.) used to make the treks. Like many of the other KPIs listed here, there’s not always an easy way to determine the exact degree of wear and tear. For instance, if a driver is particularly hard on their brakes, this may not come to anyone’s attention until the brakes start to squeak (or, worse, when they start to lose their potency). The best way for truckers to measure this KPI is to look at their past records for spending trends. It’s likely that repair or replacement costs are worse for certain categories than others, which can give decision makers a better idea of whether the business can get more value from each asset.

KPIs and Cash Flow

Trucking companies don’t always boast the highest profit margins, but there is a good degree of wiggle room between the highs and lows. The best trucking companies are ones that operate with a keen eye on how their resources are being spent on any given day. They see not only how their short-term expenses are costing the company, but what can be done in the long-term to rein in their budget.

At Advanced Commercial Capital, our job is to get trucking companies the money they need to pay their staff, bring in new clients, and complete all maintenance on time. From fuel to insurance, we specialize in transportation factoring because we know how important it is for our clients to have someone to call. To learn more about our services, which do not include long-term contracts or setup fees, contact us today.

The Definition & Dangers of Double Brokering

two people shake hands after conducting business, successfully avoiding double brokering

At Advanced Commercial Capital, we’re proud of the reputation we’ve been able to earn over the years as an industry leader in terms of factoring for trucking companies. With over 100 years of combined experience, our team wants to become a partner in every sense of the term – one that is every bit as invested in the ongoing success of your business as you are.

In addition to helping with things like common truck factoring rates, we also want to help shed light on topics that are important to the industry. Case in point: double brokering. What is it, is it considered illegal, and how could it potentially harm your company negatively moving forward? The answers to those questions require you to keep several key things in mind.

What is Double Brokering?

At its core, it is a practice that involves a shipper who provides freight to a freight broker under the assumption that said broker will then pass the freight along to a carrier, who will then haul everything to where it needs to go. What can happen, however, is that the broker passes the freight onto a carrier then who re-brokers the freight, either on their own or through another broker, without informing the shipper or getting permission to do this in any way. Depending on the complexity of the situation, double brokering can involve two, three, or more carriers and brokers at a time.

Part of what makes this such a bad situation has to do with what is largely considered to be criminal intent. Yes, it’s entirely possible that a carrier may mistakenly assign a shipment to multiple brokers due to an “innocent mistake” or “misunderstanding.” But more often than not, a load is accepted by a company that has no intention of actually hauling it. Instead, they find another trucking company willing to do the job at a lower rate than their contracted rate, allowing them to keep the difference, or worse, not pay the hauling carrier at all.

Note that this is not the same thing as co-brokering. This, too, is a situation where multiple brokers are involved in the transportation of freight. However, the fee for the entire task is split among all parties involved in a way that they all A) know about, and B) have agreed upon.

Is Double Brokering Illegal?

The answer to this question largely depends on the form of double brokering that you’re dealing with.

Due to many of the reasons outlined below, acting as an intermediary for a load without criminal intent isn’t expressly illegal – however, it is highly frowned upon and it is definitely not recommended by any legitimate company.

The type of double-dealing that is illegal, on the other hand, involves a situation where a broker or carrier accepts payment for a shipment, then fails to provide any type of payment to the carrier that actually hauled the freight.

This type of deal in particular is considered to be “theft of services” and can lead to not only significant fines but potentially jail time as well.

Engaging in the act of accepting payment for a shipment and then failing to provide compensation to the carrier who transported the freight where all parties involved do end up getting paid is not technically illegal. However, virtually everyone disapproves of it, and with good reason.

How to Avoid Being Double-Crossed by a Double Broker

Perform due diligence on all brokers. Call to check the credit of brokers. Look for variations in broker name, location, contact information, and billing information. Often these fraudulent brokers alter the documents they receive from actual carriers to convince victims that they are a part of a legitimate company.
Verify a carrier’s information with their Department of Transportation registration. If the phone number and address don’t match the information you’re given, that’s a big red flag.
Double check the broker’s rate. Use common sense and apply the old adage, “if it sounds too good to be true, it probably is.” A scammer posing as a carrier may accept a load for much less than the going rate to entice a broker into taking the deal. Or, a scammer may offer a carrier more money than originally offered by a broker to take advantage of someone who needs a quick payday.
Be aware of timing. Deals posted late in the week or at the end of the day are frequently made by fraudulent brokers. Why? Because they’re preying on truckers’ worries over not being able to schedule a load by a certain time. And anytime a broker seems in a rush to get you to agree, you should also be wary.
Check their Authority to Operate. Search FMCSA’s Safer and Fitness Electronic Records system website, https://safer.fmcsa.dot.gov/ to make sure the DOT/MC authority to operate number matches with what the carrier has submitted

How Does Double Brokering Hurt a Company?

Double brokering can hurt the original company shipping the freight primarily because they’re losing visibility into what is already an inherently flexible process. Their goods have changed hands to the point where they are no longer aware of who is in possession of it or who is responsible for seeing them through to their intended destination.

From their perspective, this could lead to shipments that are significantly delayed with no real explanation as to why. This could also result in delayed or even missed payments from their own clients and vendors as well – causing major cash flow issues in a situation where they probably can’t afford to deal with such a problem.

Dangers of Double Brokering

All told, this practice is dangerous in a number of different ways, both literally and figuratively.

Legal Liability

Perhaps the most pressing risk of engaging in such conduct is the potential for legal responsibility. If a carrier is in possession of double-brokered freight and gets into an accident, for example, virtually no insurance company will approve a claim that has been made due to the circumstances. This is true regardless of your pre-existing relationship with that provider.

Financial Loss

Financial loss is a major risk that can arise when there is a breach of trust between parties involved in transportation arrangements.

Whether a carrier knowingly or unknowingly accepts a load that has been double-brokered, there is a high chance that they might not actually be paid once the job is done. Even if there is no criminal intent on behalf of the company doing the double brokering, this could still happen. If the company receiving the freight files a dispute due to goods having been damaged in transit or delivered late, for example, at best it will significantly delay that carrier’s ability to get paid, and at worst they won’t see any money for the job at all.

This is if they aren’t inadvertently dealing with a fraudulent broker who simply disappears after the freight has changed hands.

Service Quality

Naturally, a major danger of double brokering has to do with a significantly diminished service quality. The more parties are involved in shipping, the more opportunity there is for something to go wrong. Likewise, from the point of view of the original company doing the shipping, just because you trust the first company doesn’t mean that you can trust whoever they end up double brokering your freight to. You have no idea of this company’s reputation or credentials – if you’re even aware that they’re in the mix at all.

Reputation

Finally, double brokering comes with significant reputational risks for all involved. Because this practice is, at the very least, frowned upon (and often illegal as outlined above), it could lead to the potential cancellation of a company’s FMCSA authority or it could have them entirely blacklisted with reputable organizations like shippers and other brokers in the industry.

If you’d like to find out more information about the inherent dangers of double brokering, or if you have any additional questions that you’d like to get more specific answers to while talking to an expert, please don’t hesitate to contact the team at Advanced Commercial Capital today.

Fuel Card vs. Credit Card: What’s the Difference?

With over 2 million truck drivers in the U.S. alone, it’s no surprise that companies are looking for ways to save money when managing their fleets. One question they ask is whether to use a fuel card or a credit card. When it comes to managing the finances of a trucking business, there’s often confusion between fuel card vs credit card. It’s important to understand the differences between these two payment methods to make an informed decision when selecting one for your business.

Whether you’re a fleet manager or a truck driver, here are some key differences to consider when deciding between fuel and credit cards. Fuel cards are specifically designed for use at fueling stations and provide access to discounted fuel prices and other features that can help reduce costs associated with running a trucking operation. Credit cards offer more flexibility but have higher fees and interest rates. In this article, we’ll look at fuel card vs credit card comparison so you can determine which is best suited for your needs.

What is a Fuel Card?

A fuel card is a payment card issued by commercial fueling companies that allows businesses to purchase fuel from participating service stations. It can also be used to pay for other services such as car washes, lubricants, and maintenance. Fuel cards offer a convenient way to manage your company’s fuel expenses and can provide discounts on fuel purchases.

To improve efficiency and cost-effectiveness, businesses can assign fuel cards to individual drivers or fleets of vehicles. This allows you to track the quantity and type of fuel purchased and the cost of each purchase. Fuel cards are also useful for identifying fraud or unauthorized purchases. They provide detailed reports of purchase activity that can be used for auditing or expense management.

Fuel cards offer many benefits for businesses, including discounts on fuel, convenience, and the ability to track and manage expenses. If you are considering using a fuel card, compare the features and fees of different providers to ensure you get the best deal. A fuel card can effectively reduce costs and maximize savings with careful monitoring and management.

What is a Credit Card?

A credit card is a payment card that allows you to make purchases without using cash. It enables you to borrow money from the credit issuer to make purchases, and then you can pay off the balance over time with regular payments (called minimum monthly payments). Credit cards also often offer rewards and cashback when you use them for certain purchases.

A credit card is like a loan for a business, but with much less paperwork and an easier approval process. You can use your credit card to make purchases or withdraw cash from ATMs, and it’s often more convenient than using a check or cash. Plus, credit cards are accepted almost everywhere, so you can use them to make purchases worldwide.

What are the Differences?

When it comes to fuel cards and credit cards, there are some key differences that truck owners should be aware of. They include:

Fuel Discounts

A fuel card comes with various discounts, making it an incredibly attractive option for truck owners. With a fuel card, you can benefit from discounts on fuel purchases, meaning you can make the most of your money. Some cards also offer rebates to get a percentage back on fuel bills. You’ll also get discounts on other essential items like lubricants, spare parts, and tires from participating partners. You won’t get the same discounts or rebates with a credit card.

Fuel Tracking

With a fuel card, you can track and monitor your fuel purchases. You can see where and when each purchase was made, what kind and quantity of fuel was purchased, and other details. This makes it easier to stay on top of your fuel expenses, which can be incredibly helpful for budgeting, tax season, and more. You don’t have that kind of insight into your expenses with a credit card. Instead, you get a bill at the end of the month with no easy way to track your fuel purchases.

Security and Fraud Protection

Fuel cards offer security and fraud protection layers that help business owners keep their funds safe. Unlike credit cards, fuel cards have a range of anti-theft and fraud prevention features, such as PIN authentication and driver identification. Additionally, fuel cards are associated with an account that only has enough funds for fuel and transportation-related expenses, reducing the risk of fraud compared to a credit card that can be used for any purchase. Combining these features helps ensure that fuel card users can enjoy secure transactions.

Do Companies Prefer a Fuel Card or Credit Card?

According to a report by Allied Market Research, the fuel card market has grown exponentially over the past few years, and it’s no surprise that many companies are taking advantage of these benefits. Fuel cards can be incredibly helpful for trucking businesses, providing discounts on fuel, detailed tracking of purchases, and enhanced security to protect against fraud. Fuel cards offer more advantages than credit cards for businesses looking to manage their transportation or fuel costs. Fuel cards give companies greater visibility and control over their drivers’ purchases, with data that can be tracked and reported on.

Fuel cards are also typically more secure than credit cards, as they typically don’t require personal information to be used; this makes them less vulnerable to fraud. As a bonus, fuel cards often come with discounts to help companies save on fuel costs. On the other hand, credit cards may offer traditional reward points, but they often come with higher interest rates and fees.

Conclusion

Choosing between a fuel card and a credit card is an important decision for trucking companies. A fuel card can provide multiple financial benefits when used responsibly and offers significant convenience for refueling and payment processing. It also helps maintain better control over your account while providing you with key data to help send rate confirmation, manage fuel costs, optimize routes, and maintain reasonable budgets. On the other hand, credit cards certainly have their place but tend to come with high fees and interest rates, which can quickly add up for commercial truckers.
At Advanced Commercial Capital, we understand the needs of truckers when it comes to cash flow and want you to succeed with your business. We provide trucking companies with custom-tailored factoring solutions so they can save money, improve their cash flow, and stay profitable. Our team of experts is available to answer any questions regarding fuel cards and credit cards. If you want to learn more about how we can help your business reach its full potential, contact us today.

5 Ways to Increase Your Trucking Company Profit Margin

Are you a trucking business owner looking to maximize your profits? You’re not alone! Many truckers are looking for ways to increase their profit margins, establish KPIs, and make their operations as efficient and cost-effective as possible. It may seem intimidating, but it’s doable with the right strategies in place. In this blog post, we’ll look at five innovative methods that will help you boost your trucking company profit margin.

Reduce Fuel Costs

Reducing fuel costs is an easy way to increase the profit margin of your trucking company. With fuel prices constantly rising, you must become more efficient and keep your costs as low as possible. One of the best ways to do this is by optimizing routes for maximum efficiency. This means researching and finding the most efficient route between destinations, cutting out unnecessary stops or detours.

Additionally, investing in fuel-efficient trucks and using fuel-saving technologies such as Cruise Control and Eco-Driving. Finally, keep your vehicles properly maintained and consider buying fuel in bulk if your company has a large fleet of trucks. By taking these steps, you can save money on fuel costs and increase your trucking company profit margin.

Use Freight Factoring

Freight factoring is a powerful tool to help trucking companies increase their profit margins. It allows you to turn your invoices into immediate cash, so you don’t have to wait for customers to pay. In addition, it can help manage cash flow and reduce the risk of bad debt. To get started with freight factoring, you’ll need to find a reputable and reliable factoring company. Make sure they offer services tailored to your needs, such as credit protection and fuel advances.

Once you’ve chosen the right company, you will complete an application, sign a contract and a notice of assignment, and complete the onboarding process with your new factoring company. And once you’re approved, you’ll be able to take advantage of freight factoring in no time by submitting your invoices and receiving cash quickly. With the extra cash flow, you’ll be able to increase your profit margin and keep your trucking company running smoothly.

With freight factoring, you can free up capital and take back control of your trucking company’s finances. It’s a simple, cost-effective solution that can help you maximize profits and ensure long-term success. So, explore the benefits of freight factoring today to ensure a brighter future for your trucking company.

Find Freight Brokers and Shippers

A trucking company can increase its profit margin by finding and working with freight brokers and shippers needing truck transportation services and who pay fair rates. Finding the right brokers and shippers can be complex, but it doesn’t have to be. Here are some practical steps that trucking companies can take to find the right freight broker and shipper partners:

Research various trucking companies and identify their key customers and/or brokers.

Network with trucking industry contacts to get the latest freight brokers and shippers updates.

Use load boards or trucking apps to find trucking jobs and connect with brokers.

Contact truck stops, trucking associations, and trucking publications to gain access to trucking resources and connect with brokers.

Develop relationships with freight brokers and shippers directly through marketing campaigns or cold-calling.

Negotiate the best trucking rates with brokers and shippers to ensure a profitable business.

The goal of connecting with freight brokers and shippers is to earn more business and increase trucking company profit margins. Once trucking companies have identified the right freight broker and shipper partners, they must develop strong relationships to ensure a successful trucking business. Whether you are just starting or have been trucking for years, finding the right freight broker and shipper partners can be a great way to maximize trucking company profit margins.

Take Advantage of Technology

Technology is a game-changer when it comes to improving trucking company profit margins. Innovative trucking companies are taking advantage of truck-centric technology to streamline operations, improve efficiency and reduce costs. There are a variety of ways trucking companies can take advantage of technology, such as:

Implementing truck tracking and telematics: truck tracking and telematics systems provide trucking companies with real-time data that can be used to better manage their fleets, such as fuel consumption, driver performance, maintenance schedules, and more.
Automating truck routing, scheduling, and dispatching can help trucking companies increase on-time delivery rates, reduce truck idling and improve truck utilization.
Leveraging predictive analytics: trucking companies can use predictive analytics to anticipate customer needs, improve truck loading and reduce trucking costs.
Electronic logging: trucking companies can use electronic truck logbooks to monitor driver performance, ensuring compliance with regulations and avoiding costly fines.

Running a trucking company successfully in the long term requires taking advantage of the latest truck-centric technologies. By leveraging technology to streamline operations, trucking companies can increase their profit margin and remain competitive in an ever-changing trucking industry.

Plan for the Long Term

To maximize profits, long-term planning is essential for a trucking business. The most important practical step to take when planning for the future is to set measurable goals that are realistic and achievable. Start by making a list of objectives you would like to achieve over the next several years, such as expanding into new markets or adding additional trucks to your fleet. Once you have identified these goals, create a timeline for implementing each objective and an accompanying budget.

Furthermore, it is essential to remain flexible and open-minded when making long-term plans; while the plan should serve as a road map for the future, it should also be able to accommodate any changes that may arise. Finally, make sure to stay up-to-date on all industry developments. Knowing current regulations and trends can help you ensure your plans account for any foreseeable obstacles or opportunities, thus ensuring profitability for years to come. Planning for the long term is critical to keeping a trucking business competitive and profitable. Trucking companies can secure their financial future with careful foresight and strategic planning.

Conclusion

Commercial factoring is an excellent solution if you’re looking for a way to increase your trucking company’s profit margin. Advanced Commercial Capital has the expertise and experience that truckers need regarding transportation factoring, and we offer several services designed to save time and money. We’re dedicated to providing the best possible service to our clients, and we’re always available to answer any questions you may have. For more information on how we can help you grow your business, please visit our website or contact us today.

Is the Trucking Business Profitable?

Are you considering entering the trucking business? Whether it’s your dream to own a fleet of trucks or else you’re looking for a lucrative new venture, you’ve likely heard conflicting accounts of how profitable trucking businesses can be. Before taking the plunge and investing in a bunch of big rigs, let’s look at the bigger picture: is the trucking business profitable? In this blog post, we’ll explore exactly whether profits are realistic to expect in this industry so that you can decide whether it’s right for you. Together, we’ll consider factors such as demand, overhead costs, expenses associated with fuel and maintenance, and regulations affecting profitability, all while seeing if there’s still room to make money in this challenging industry. Read on below if being part-owner of this 21st-century American classic appeals to your entrepreneurial spirit.

Demand of Trucking Services

The trucking industry is a cornerstone of the American economy, as it transports over 72% of all goods. That means there is a well-established demand for trucking services. Projections indicate steady growth for the industry, with a predicted 28% increase in freight tonnage for truckers by 2032. With this increased demand comes a clear indication that the trucking business is still profitable for those willing to take on the challenge.

Additionally, the globalization of trade has increased demand for long-haul trucking services for goods transported over larger distances. This demand is further fueled by the increasing popularity of online retail, as companies rely on trucking to ensure that products arrive quickly and efficiently. For instance, Amazon relies heavily on its network of truckers to deliver products in a timely manner. All these factors make it clear that the demand for trucking services is still growing, and the trucking business remains a viable option for those looking to make profits.

Impact of Technology

The trucking industry has seen incredible growth and profitability due to technological advances. Automated routing, GPS tracking, electronic logging, and driver performance monitoring are just a few tools used by trucking companies to increase efficiency and boost profitability.

Automated routing helps save time and resources by taking into account various factors, such as traffic patterns and regulations, to find the best route for a truck driver. GPS tracking also helps trucking companies keep tabs on their vehicles and drivers, ensuring they stay on course. Electronic logging makes it easier for drivers to log hours and keeps companies compliant with labor regulations. And driver performance monitoring can help identify areas where a driver needs improvement to maximize safety and efficiency.

Technology has allowed trucking companies to optimize their operations, leading to increased efficiency, cost savings, and profitability. It also helps make the industry safer and reliable, allowing drivers to do their jobs more efficiently and confidently.

Cost of Operating

The trucking industry is complex, and its profitability depends on many factors. One of the most important factors that affect profitability is the cost of operating. This includes fuel costs, wear and tear on vehicles, vehicle maintenance, labor costs, and other overhead expenses. All these factors directly influence the bottom line of a trucking business.

With rising fuel costs and an aging fleet of vehicles, the cost of operating can be a major expense for trucking companies. That’s why it’s important to carefully consider your costs and ensure you’re getting the best value for your money. It’s also important to develop strategies that help reduce costs and get more out of your resources.

However, there are many ways to manage the operating costs of your trucking business. Cost-saving measures like fuel economy and preventative maintenance, efficient route planning, and smart personnel management can all help improve your bottom line. Ultimately, it’s important to ensure that the costs of operating don’t outweigh the profits you’re making from transporting goods.

Factoring

Many truckers use factoring to stay on top of their costs and improve their financial stability. Factoring involves selling your invoices to a third party, allowing you to receive payments faster and more reliably. This helps truckers keep their business running by ensuring they have the cash flow they need.

Plus, it’s often more cost-effective than traditional financing options. With factoring, you can keep your business moving and grow your operations without taking on large debts or waiting for slow payments. It’s a great way for truckers to stay ahead of their expenses and take advantage of new opportunities.

In factoring, truckers work with a factoring company that provides them with quick and reliable payments, allowing them to focus on other aspects of their business. This can include finding new customers, expanding their fleet, or taking on more jobs. Factoring companies also provide truckers with access to additional services, such as credit checks, collections services, and more.

Opportunities

The trucking industry is always evolving, and this creates opportunities for new entrants. As technology advances and regulations become more stringent, truckers can take advantage of new opportunities to increase their efficiency and reduce their costs. For example, technology-driven advancements such as predictive analytics and route optimization software can help truckers save time and fuel, while allowing them to complete more deliveries in less time. Additionally, the emergence of autonomous vehicles could bring significant changes in the transportation of goods, potentially leading to increased efficiency and cost savings.

In addition to technology-driven advancements, truckers can capitalize on changing regulations to capitalize on new opportunities. For example, the recent implementation of safety and compliance regulations has created an opportunity for truckers to improve their safety record and reduce the risk of costly fines. Additionally, the increased focus on environmental regulations has created an opportunity for truckers to invest in more fuel-efficient vehicles and reduce their emissions.

The growth of online retail fueled by the COVID-19 pandemic has further increased demand for trucking services, presenting additional opportunities for truckers to expand their business and increase profits. With an increased demand for goods, truckers can take advantage of this surge in demand to increase their profits.

FAQs About Profits in Trucking

What factors influence profitability in the trucking industry?

Key factors include fuel costs, maintenance expenses, freight rates, competition, and management practices.

How can I increase profitability in my trucking business?

Increase profitability by optimizing routes, maintaining equipment, negotiating better rates, reducing fuel costs, and managing expenses effectively.

What is the average profit margin for trucking companies?

Profit margins in the trucking industry vary widely but typically range from 2% to 6%. Margins can be higher or lower based on operational efficiency and market conditions.

Conclusion

So, is the trucking business profitable? The trucking business can be profitable if done the right way. However, many truckers struggle to make ends meet because they don’t have enough cash flow to cover their expenses. The cost of operating their trucks, such as fuel prices and maintenance, can have a huge impact on their bottom line. That’s where Advanced Commercial Capital comes in. We provide factoring and other cash flow solutions to the trucking industry nationwide. We’re experts at factoring for truckers, and we make it simple with no set-up fees, no long-term contracts, and tools that save time and money. Truckers can use the money we provide to cover fuel, payroll, insurance, truck maintenance, and other expenses. If you need help with cash flow, contact us today.

7 Essential Truck Driver Safety Tips for a Safer Journey

Truck drivers have a responsibility to ensure their safety and safety of other motorists on the road. Driving a truck is a difficult job, which requires extra attention and courtesy. Truck drivers must adhere to safety guidelines to avoid dangerous accidents and their consequences. From mastering defensive driving skills to vehicle maintenance, eliminating distractions, ensuring adequate rest, route planning, and staying vigilant in various weather conditions, these tips serve as a roadmap to safer and more efficient trucking.

Here are six truck driver safety tips to always remember while on the road:

1.) Defensive Driving

Defense driving is a valuable skill that can help keep truck drivers safe while they’re on the job. It involves being alert and proactive, anticipating potential hazards on the road, and taking steps to avoid them. It also involves driving defensively, by staying in control of your vehicle at all times, being aware of other drivers and their actions, and paying attention to your surroundings. Defense driving can help truck drivers avoid costly collisions and prevent accidents:

Key Elements of Defensive Driving:

Maintaining Control of Your Vehicle: Being in command of your truck, especially in adverse conditions, is fundamental to defensive driving.
Staying Aware of Other Drivers: Vigilance regarding the actions of other drivers, particularly those in your truck’s blind spots, is crucial.
Paying Close Attention to Your Surroundings: Scanning the road ahead for potential hazards, such as debris, potholes, or animals, is an essential practice. It’s also important to exercise caution in areas with poor visibility.
Maintaining a Safe Following Distance: Keeping a safe buffer zone in front of your truck ensures sufficient stopping time.
Avoiding Distractions: Staying focused on the road by refraining from activities like cell phone use, eating, or drinking while driving is paramount for safe truck driving.

2.) Ensuring Proper Vehicle Maintenance

Just as defensive driving is fundamental to truck drivers’ safety, maintaining the proper maintenance of their vehicles is an equally vital commitment. Regular maintenance plays a crucial role in upholding safety on the road. Here are key aspects of maintaining your truck’s upkeep, ensuring it operates smoothly:

Key Aspects of Regular Maintenance:

Scheduled Maintenance Routines: Following a structured maintenance schedule provided by your trucking company, which includes oil changes, tire rotations, and pressure checks, is essential.
Brake Inspections: Regular brake inspections are vital to ensure your truck’s braking system functions efficiently.
Monitoring Performance: Paying attention to your truck’s performance is essential. Any unusual noises or performance issues should be promptly addressed by a professional.
Vehicle Inspections: Periodically check essential safety features such as lights, windows, and other equipment on your truck.

By diligently adhering to your maintenance routine, you not only ensure your safety but also contribute to reducing fuel costs and extending the lifespan of your vehicle. These maintenance practices are key to keeping your truck in optimal condition and promoting road safety for all.

3.) Eliminating Distractions for Safer Driving

In the pursuit of safe truck driving, eliminating distractions is a pivotal step. Distractions can be incredibly dangerous when you’re behind the wheel of a large vehicle. Here are key elements of eliminating distractions and maintaining focus while driving:

Key Elements of Eliminating Distractions:

Cell Phone Use: Avoid using your cell phone for calls, texting, or any other activities while driving. Drivers can, however, solve this issue by using hands-free capabilities within their cell phone or purchasing hands-free devices. This way, you can take important calls and stay safe with your eyes on the road.
Eating: Refrain from eating foods that require utensils and try sticking to finger foods if you must eat while driving. The safest practice is to eat while stopped, but if you must satisfy your hunger while driving, stick to snacks or foods that are easy to handle.

By steering clear of distractions and dedicating your full focus to the road, you enhance your safety and the safety of others on the highway. These practices are essential in keeping your attention where it should be: on the road ahead.

4.) Prioritizing Adequate Rest

In the realm of safe truck driving, ensuring you get adequate rest is paramount. Truck drivers often cover long distances and spend extended hours on the road, making it essential to prioritize rest. Here are key elements of ensuring you get enough rest for enhanced alertness while driving:

Key Elements of Getting Adequate Rest:

Recognize Your Limits: Understand your own needs when it comes to rest. There isn’t a one-size-fits-all approach. Some may require more sleep than others.
Fatigue’s Impact: Recognize the risks associated with fatigue, such as slower reaction times and reduced concentration. These factors can lead to increased accident risks.
Commit to Rest: Make a commitment to adhere to rest schedules, even if it means taking breaks to ensure you’re well-rested.

By acknowledging your body’s need for rest and making it a priority, you not only enhance your alertness but also significantly reduce the risk of accidents and ensure a safer journey on the road. Prioritizing rest is key to your well-being and the safety of all road users.

5.) Planning Your Route for Safety and Efficiency

For truck drivers, meticulous route planning is more than just a convenience; it’s a vital aspect of safe and efficient driving, especially for OTR drivers. To ensure safety and prevent unnecessary risks, consider the following key elements of planning your route. Before leaving, drivers should plan their routes and ensure they have the fuel, food, and supplies to make it through their trip. This can help prevent potential problems, such as running out of fuel or getting stranded:

Key Elements of Planning Your Route:

Pre-Trip Planning: Before embarking on your journey, take the time to plan your route. Ensure you have sufficient fuel, food, and supplies to cover the trip’s duration.
Risk Anticipation: Knowing your route in advance helps you anticipate potential risks and challenges, enabling you to be better prepared for unexpected situations.

By having a well-thought-out route plan, you not only enhance safety but also contribute to the efficiency of your trip, preventing potential problems and ensuring a smoother journey.

6.) Staying Weather-Aware for Safer Truck Driving

Weather conditions can greatly impact the safety of truck drivers. Being weather-aware is essential for maintaining safe and controlled driving. Here are key elements of weather awareness to ensure a safer journey:

Key Elements of Weather Awareness:

Monitoring Weather Forecasts: Stay informed about weather conditions along your route. Knowing what weather to expect allows you to plan accordingly.
Adjusting Driving Practices: Be ready to adapt your driving style to accommodate adverse weather conditions. Slow down in rain or snow, maintain a safe following distance, and exercise caution.

Keeping a close eye on weather forecasts and adjusting your driving practices when needed, can significantly enhance driver safety and reduce the risks associated with navigating through inclement weather conditions for truck drivers.

7.) Maneuver Safely and Keep Your Distance

Trucks traveling at high speeds require ample distance to come to a stop. At 65 miles per hour, it can take up to two football fields to halt safely. To protect both your drivers and trucks, maintain a ‘buffer zone’ in front. This extra following distance provides your drivers with more time to respond if other vehicles unexpectedly change lanes or stop abruptly.

Additionally, be mindful of your truck’s limited maneuverability. With a turning radius of 55 feet, exercise caution when turning, accelerating, stopping, or changing lanes. Smaller vehicles may attempt to pass your truck while turning, so it’s essential to watch out for them. When navigating curves, ramps, and turns, reduce speed significantly, especially considering your truck’s higher center of gravity. Safe maneuvering and maintaining adequate distance are key elements for truck driver safety on the road.

Final Thoughts

Truck drivers are the backbone of our economy, and we appreciate everything you do to keep America moving. That’s why Advanced Commercial Capital commits to providing the best cash flow solutions for truckers, including transportation factoring. We make it simple for truckers to get the money they need to cover expenses, so they can focus on their business. If you have any questions about how transportation factoring could work for your business, don’t hesitate to contact us. We would be happy to discuss your specific needs and see how we can help.