Articles for your career growth

Driving truck jobs And Courier truck jobs - Importance Of Time Management To Achieve Both!

By Andre Hendricks

I have a question for you? How is it that one freelance courier can make between £750 and £980 from courier truck jobs per week while another in the exact same circumstances can only make between £150 and £250 per week? What’s the difference between them?

In this article I want to talk to you about time management. One of the reasons freelance couriers are struggling is because it seems there is never enough hours in the day. While this is not true, the real reason is a wastage of time.

You see time is the only real modern currency we have today to trade with. You can’t save time and use it later. So how you use your time is a great and direct determining factor in your success a s a freelance courier.

I believe it is more important to work smarter then it is to work harder when both acquiring courier truck jobs or doing courier truck jobs so the correct allocation of your time is crucially essential to avoid having stress as a result of having to do too much in too little time.

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How To Finance Your Trucking Company

By Marco Terry

There are few businesses that are as cash flow intensive as a trucking company. The list of ongoing expenses can be endless and can easily overwhelm small and medium size trucking companies. There are fuel expenses, truck repairs, rentals and salaries. Although most trucking companies are very profitable, few can afford to wait the usual 30 to 60 days it takes to get paid for their freight bills.

Unless the trucking company has a significant cash cushion in the bank, waiting 30 to 60 days to get paid can cause serious problems. It can jeopardize existing operations and furthermore, it can prevent you from growing your business. The only way to get out of the cash flow rut is to find a way to capitalize on your slow paying invoices. The best tool to do this for a trucking company is called freight bill factoring.

Freight bill factoring enables the trucking company to get paid for their freight bills within a day of invoicing, eliminating the usual 30 to 60 day wait.. With a factoring agreement in place, you can stabilize your company’s cash flow and eliminate the stress of not knowing when you’ll be paid. Since freight bill factoring eliminates the worries of waiting for your payment, you will be free to focus on what you do best: running your business.

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Growing Your Trucking Company With Freight Factoring

By Marco Terry

Trucking companies are one of the most cash hungry businesses in the transportation industry. There are driver expenses, equipment expenses and fuel expenses. However, trucking companies can also be very profitable, if cash flow is managed properly.

One of the main challenges that trucking company owners face is that freight bills can take as long as 60 days to get paid. This puts them in a tough spot, because unless the company has a significant amount of cash in the bank, it usually cannot afford to wait to get paid.

Usually, the owner will try to go to the bank to obtain financing hoping that a loan or line of credit might solve the problem. Unfortunately, banks will seldom finance businesses that have less than three years of audited financials that show consistent profits. Of course, if the trucking company could provide three years of financials that show profits, it would not need financing.

A better solution is to use freight factoring. Freight bill factoring enables you to convert your slow paying freight bills into cash by selling them to a factoring company. This provides you with immediate financing and allows you to cover all your ongoing business expenses. Also, as opposed to bank lines of finance, freight bill factoring automatically grows as your sales grow, providing you with flexible financing.

The process is simple. The factoring company buys your invoices and pays for them up front. The transaction is typically done in two installments. The first installment is called the advance and the invoice factoring company provides you with up to 90% of the invoiced amount. The remaining 10% is held as a reserve to cover disputes or charge backs. The remaining 10% (less a fee) is rebated as a second installment, once the invoice is actually paid.

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