No matter how much you might love being on the road, very few people get into a career without the expectation of making money. What is the average annual truck driver salary? As it turns out, the differences in truck driver salaries can be immense. How much you make each year depends on various factors,
Invoice factoring is the practice of “selling” your invoices, or accounts receivables, to a company that then pays you right away for that invoice, minus a fee. This helps you increase cash flow to pay bills, finance operations, take on new business, and handle business expenses as they come up. Factoring companies may also handle
In his book Bounce Back: Survive and Thrive in a Business Crisis, author and long-time business broker Richard Mowrey advises: “Never operate your business without a written business plan.” If you have your own trucking business, even as an independent owner-operator, you need a business plan just like any other small business. If you’re like
Unlike many salaried jobs in the United States, freight broker income is harder to determine. That’s because there are several ways a freight broker can be employed and get paid. The location also has a huge impact on freight broker salary. Looking online, freight brokers have a salary range from $42,926 (payscale.com) to $93,618 per
What is hotshot trucking? At its simplest, hotshot trucking means hauling smaller (less-than-truckload or LTL) loads. They are often time-sensitive and usually delivered to a single destination. For example, suppose a construction company needs a specific piece of equipment delivered from one job site to another. In that case, they will often “hotshot” it, hiring
One of the most important parts of being a successful owner-operator is getting a steady flow of loads. But as many as 400,000 owner-operators are driving on America’s roads. Figuring out how you’ll compete for owner-operator loads can significantly impact how much you can earn regularly, and it isn’t always easy. Find your next load
If you want to act as a freight broker, matching goods that need to be shipped with trucking companies that do the shipping, you will need a freight broker license, or a load broker license. Freight brokers are regulated by the Federal Motor Carrier Safety Administration (FMCSA), and the requirements can be confusing. We’ve put
If you want to know how to start a trucking business, chances are you want to work for yourself. Maybe you’re a trucker now and you want to get off the road and have steady income coming in. With more people in the U.S. ordering products online, the shipping and delivery industries are booming. The
In an industry so large, you might think there would be a freight shipping cost standard. But there isn’t one. Because freight shipping costs depend on so many factors, getting an accurate freight shipping estimate is surprisingly complicated. Part of it is the regional nature of shipping. Some carriers serve specific regions or shipping lanes
