A list of trucking companies can be used in a variety of ways. The most common is to find a way to move freight or to look for work. While you may believe that locating a ready-made list of flatbed or dry van trucking companies should be simple. It may require a little more effort than you anticipate. Here are a few ideas for compiling a trustworthy list of trucking companies near me.
Look through the phone book
Going through the business pages in your phone book is a great way to gather information on any business niche. While this may appear to be a waste of time in the age of the internet. But it will provide you with a solid list of local leads. One other advantage of using the phone book instead of the internet is you are less likely to fall into any scam. Every company you come across in the business pages. It is likely to be a legitimate and solid lead to add to your list of trucking companies.
Go to Trucking Schools
You can also visit or call trucking schools in your area and across the country to ask. If they can reveal which companies hire their graduates or assist with their training. While some CDL training schools are affiliated with a single company. Many will be able to provide you with a list of trucking companies where their graduates have found success.
Look on the internet.
Of course, the internet is a fantastic resource for just about anything you can think of. Because of its popularity, it is easy to find flatbed trucking companies, refrigerator truck positions, and dry van trucking jobs, as well as training information. The best way to use the internet to gather information for your list of trucking companies is to conduct your research by visiting trucking websites and forums. While you might be tempted to use websites that sell pre-made lists for a fee, you should always double-check the legitimacy of the site before making a purchase.
Once you’ve compiled a suitable list of trucking driver jobs and companies that will meet your employment or freight-hauling requirements, you can begin researching the companies to determine which is the best fit for you. Don’t be afraid to call the companies and ask them questions about whatever you’re interested in, and you should also try to contact customers or employees online to find out what they think of the company. If you do a little research and use the tips above to create your list of trucking companies, you should have no trouble finding the perfect trucking company.
Cash Flow and Trucking Companies
Though it is frequently overlooked, the trucking industry is critical to the health of the US economy. Consider this: if truck drivers were not delivering goods, interstate commerce would come to a screeching, tire-burning halt.
Unusual Challenges
Despite their importance, trucking companies are frequently left in a precarious financial position due to the way the system is structured. Trucking companies issue invoices for services rendered and then frequently wait 30-90 days for payment on accounts receivable.
Waiting to be paid would not be a problem for a larger company with large cash reserves. However, for small to medium-sized businesses with limited resources, this may not be an option. Payroll and gas expenses add up during the time between payments, and failing to pay your drivers is never a good business practice. Add to that rising fuel prices, traffic delays, driver shortages, and new regulations, and you have a recipe for financial hardship.
As a result, trucking companies are frequently forced to seek outside financing. Consider the following options for trucking companies:
Asset-Based Financing
This option, also known as factoring, refers to the process by which businesses sell their receivables to a factoring company. Factoring approval is based on the creditworthiness of the trucking company’s customers.
The client receives 80-90 percent of the cashback from the invoices immediately after the sale. The remaining balance is repaid by the customer, less a percentage fee that typically ranges from 1 to 5 percent.
This option is best for B2B companies that cannot afford to wait for payment, and the cost is typically 4-5 percent monthly with an effective annual interest rate of 18-30 percent.
Loans from Banks
Bank loans, while difficult to obtain, are frequently the least expensive form of financing. The loan application process includes a review of the company’s creditworthiness and financial history. Small businesses, in particular, are more likely to be denied loans, though exceptions do exist.
Fund disbursement typically takes 30-90 days after approval to reach a trucking company’s bank account. This type of funding is best for trucking companies that have a good credit history and don’t need the money right away.
Cash-Advances
When a company receives a cash advance from a lender, this is referred to as a cash advance. The lender is paid back with a percentage of the company’s monthly card receipts until the loan (plus a predetermined rate) is repaid. The rates are legally limited and cannot be changed retroactively. The benefit of cash advances is immediate cash – it is the quickest way to get money without going to a loan shark.
This financing method is ideal for trucking companies that require immediate cash and have limited financing options. Typically, the cost ranges from 20% to 100%.
Lease-Back
A trucking company may decide to sell property, plant, and/or equipment while leasing it back for cash.
It is ideal for trucking companies that have valuable plant or equipment assets that are underutilized, and the cost is monthly lease payments plus equipment depreciation and tax burdens.
Choices, Decisions
Every trucking company is unique, and it is their responsibility to find funding solutions that meet their specific requirements. The first step toward finding a suitable cash flow solution is to be aware of all of your options.
FAQ
Are most trucks now automatic?
The transmission is perhaps the most important component of a semi-truck. In the automotive industry in 2018, only 2% of vehicles sold were manual. While manual transmissions are far more common in semi-trucks, there is a growing trend toward automatic transmissions.
Are manual trucks superior to automatic trucks?
While a manual transmission allows the driver to shift gears more quickly than an automatic transmission, the simplicity of an automatic system ensures a smoother driving experience. Automatic transmissions are simply the more secure option.
