May 03, 2019 • Carriers

Industry Update May 3, 2019

Industry Update May 3, 2019

By Jeremy Feucht

Did you Know?

On May 1, 1931, Herbert Hoover dedicated the Empire State Building in New York City. The tallest building at the time would not have been possible without the use of cranes, trucks and other specialized equipment. Demolition of the Waldorf hotel which stood in the spot where the Empire State Building would be built, began in 1929. Soon after, cranes and cement mixers were sent in to help with the construction of the 102 feet tall building.

Trucking tip of the Week

Allergies are a big problem for some this time of year. If you have any allergies, make sure you keep documentation in your truck. Bees, yellow jackets, wasps and hornets are all out beginning this time of year as are mosquitos and ants. Pollen counts are high as well which can bring on asthma systems. Know your body and make sure you are taking proper care to ensure your wellbeing.

Danger on the Road

A bad wreck in Denver last week cost the lives of four people during rush hour traffic. It is being reported now that the company involved, Castellano 03 Trucking, LLC out of Houston, TX, had a history of brake issues in their recent past. Since 2017, the company has been hit with at least 30 violations regarding their brakes.

General

In one of the worst stories you will hear, Falcon Transport abruptly went out of business last week leaving drivers stranded miles away from home. The company had recently been purchased by a private equity firm after having been run by its founding family for 115 years. 550 employees were immediately laid off. But that wasn’t the only company that shut its doors in the last week. Williams Trucking out of Alabama also notified its drivers it was shutting down as of May 1 leaving 50 drivers out of work.

Women in Trucking

Treana Moniz has been named Women in Trucking’s May Member of the Month. Moniz has held her CDL since 2007, she has over 675,000 safe driving miles to her name. In 2018, she was name Eastern Company Driver of the year. Find more on her story here.

TagsSemi-Truck dangerous roads Did you Know Trucking Tips Falcon Transport Allergies Women in Trucking Denver

Trucker Spotlight - Lashaune <em>The Trucker Spotlight series explores the lives of truckers and their journey to make a difference in their industry. We interview different truck drivers to understand some life lessons that make them who they are today. We also learn more about their motivations, and the problems that they encounter on the job. We also tackle how Trucker Path's solutions helped them with what they do. The information that they provide helps inform other people who are looking to delve into the trucking world.</em> <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/ts-lashaune-blog-1.jpg" alt=""] <h2></h2> Today we are putting the spotlight on <strong>Lashaune</strong>, the host of LockOutMen Podcast, who's been driving for around 5 years now. He hustled most of his life and did everything from retail to warehouse. Aside from trucking, he was also able to open a few successful businesses. Let's get to more about Lashaune and how he landed a trucking career. <h2></h2> <h3></h3> <h3><strong>What made you decide to be a trucker?</strong></h3> I've always had interest in driving a truck, at 1st it was the lack of funds, and I knew I didn't want to go through a trucking company.And so, I went to community college paid with my last credit card and got my license. I think I was forced in to pursue trucking because of my separation from my wife. <h2></h2> <h3><strong>In the years that you have been driving, what are the significant changes that you've noticed in the trucking industry?</strong></h3> Well I haven't been driving long to tell. I guess the eld mandate. <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/ts-lashaune-blog-2.jpg" alt=""] <h2></h2> <h3><strong>What made you decide to put up your Youtube channel?</strong></h3> I've been on YouTube for years. I just do it as a hobby. But when I got in to trucking, people started watching what I was doing and what I was talking about I just said to myself I'll just do something for the new drivers that are coming out here. <h2></h2> <h3><strong>Any times when you get lonely while driving? How do you deal with it?</strong></h3> Always lol it's just you and the truck. How i deal with it? I try not to think about it.. and try to get out and enjoy life when I get the chance to. <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/ts-lashaune-blog-3.jpg" alt=""] <h2></h2> <h3><strong>As a trucker, what are the current struggles in this COVID19 pandemic?</strong></h3> I'm still trying to get used of the new changes. <h2></h2> <h3><strong>What are your usual routes? Favorite scenic truck route?</strong></h3> I run midwest most of the time. <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/ts-lashaune-blog-4.jpg" alt=""] <h3><strong>What was your weirdest or most unusual haul?</strong></h3> Running my 1st lowboy flatbed. <h2></h2> <h3><strong>How often do you use rest stops / truck stops? What are the things that you look for in a truck stop? Favorite truck stop meal?</strong></h3> Not often, but I deal with Loves the most cause of the free showers. As for food, I guess Flying J for Dennys. <h2></h2> <h3><strong>What are the common troubles or problems you encounter while trucking?</strong></h3> Covid19 season and any problems that come with it! <h2></h2> <h3><strong>What are your pet peeves while driving/trucking?</strong></h3> The main one is truckers hanging out way too long in the fuel island. <h2></h2> <h2></h2> <h3><strong>We're glad that you use the Trucker Path app on your day to day trucking. What features do you enjoy the most?</strong></h3> What I like about <a href="http://www.truckerpath.com">Trucker Path</a> is the fact that you can check to see/truck parking and if there's spots there to park. <h2></h2> <h3><strong>What are some tips that you would like to share for aspiring truckers?</strong></h3> Do your research research research and don't just fall for anything. <h2></h2> <h3><strong>Where can people watch your videos on Youtube?</strong></h3> They can view my videos on my <a href="https://www.youtube.com/channel/UCfJfeN3qoZmaIb9YwbjWDlA">Youtube Channel, LockOutMen Podcast</a>. <h2></h2> <iframe width="560" height="315" src="https://www.youtube.com/embed/mc6Je74Pn4Q" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> <h2></h2> Hope you guys enjoy! <h2></h2> <h2></h2> <h4>By Aldous Aldwin</h4> <h3></h3> <h3></h3>

Oct 14, 2020 • Carriers

Freight Factoring Fees [p]Some companies will charge freight factoring fees compounding the actual factoring cost for your trucking company to factor a load. [/p] [h2] Freight Factoring Fees [/h2] [p] Review the fine print of freight contracts and understand the factoring fees that sneaky freight factoring companies sometimes have hidden from the advertised factoring rate. [/p] [p]Freight factoring can be a great tool to streamline your cash flow and grow your business as it eliminates the wait to get paid for owner-operators. However, some factoring companies have contracts with complicated jargon and disclaimers hidden in the fine print. [/p] [h2] Hidden Costs and Factoring Fees [/h2] [p]Sometimes a factoring company will advertise a great rate, far lower than any competitor. It's a perfect scenario for you, right? Well, not exactly. [/p] [p]Those rates that seem too good to be true are typically just that. Although a low rate is optimal, the associated factoring fees that you will incur in addition to the rate can balloon the overall cost for you to factor. [/p] [video id="IBCMtru_QMQ"] [h2] ACH Transfer Fee [/h2] [p]ACH Transfer fees can be issued each time you factor and range from $10 to upwards of $25 depending on the type of transfer or deposit. This cost can surely add up over time and frankly, it's ridiculous for to you to pay a fee just to receive your money. [/p] [h2] Minimum Volume Fee [/h2] [p]Often times a factoring company will require you to commit to factoring a minimum volume of invoices. Failure to meet the agreed minimum amount can result in extra fees or a percentage surcharge. Take into account your typical invoice amounts and calculate if you will have an issue trying to meet the minimum requirements. Keep in mind not all factoring companies have this policy or fee. [/p] [h2] Client's Credit Check Fee [/h2] [p]Although your credit is not taken into account, your client's credit is. The creditworthiness of your client must meet a certain standard for certain factoring companies before they agree to factor your invoices. That's right, some companies will charge you a fee for that credit check. [/p] [h2] Length of Terms [/h2] [p]You might decide to factor for a variety of reasons. Unavoidable circumstances might arise making it difficult to cover your operational costs. Truck repairs are extremely costly and unpredictable at times, especially for owner-operators and having a reliable truck that is fully functional is essential to your business. If you run a small fleet, wages, insurance, and taxes further compound your expenses. [/p] [p]This brings the length of terms to factor into play. Most factoring companies offer three to six-month term agreements to factor with some even require one-year contracts. It's important that you review and consider your options when considering the length of terms.[/p] [p]Be sure to choose the best fit for you. If you're confident that you won't be factoring for an entire year or that you want to explore other options after a few months, you should consider factoring with a company that doesn't have a minimum length of terms agreement. [/p] [h2] Termination Fee [/h2] [p]Let's say you have been factoring with a company for six months now. You have received payment days after hauling a load and it's been beneficial in helping you generate cash quicker to cover your expenses. Now you have ample funds and decide that you don't need to factor for the next few months.[/p] [p]The factoring company won't let you out of the contract because you agreed to factor for a certain length of time. In order for you to stop factoring, you have to pay a fee up to $1,000. [/p] [p]That's ridiculous, right? [/p] [giphy] <iframe src="https://giphy.com/embed/KE58LJF3k8jug" width="480" height="426" frameBorder="0" class="giphy-embed" allowFullScreen></iframe><p><a href="https://giphy.com/gifs/roger-KE58LJF3k8jug"> [/giphy] [h2] Choosing a Freight Factoring Company [/h2] [p]The list of factoring fees can be costly and limit your trucking company's ability to sustain a stable cash flow. [/p] [p]Before choosing to do business with a factoring company, you should take into account these potential hidden costs and fees in the fine print of a contract. Freight Factoring helps manage your trucking company's cash flow and takes the hassle away from client collections, allowing you to focus on growing your business and hauling more freight. [/p] [p]You shouldn't feel that you are being fleeced by an unusual amount of fees that you weren't aware of or deal with. <strong>Trucker Path InstaPay</strong> is freight factoring that pays you in a day with no hidden costs, fees, minimum commitments or contracts with pages and pages of fine print to sift through. [/p] [button text="LEARN ABOUT INSTAPAY" href="https://truckerpath.com/sign-up-instapay/?utm_source=blog&utm_medium=factoringfeesAug29" width="250px"]

Aug 29, 2017 • Carriers

Trucker Path to Unveil New Product Offerings at the Mid America Truck Show [p]Phoenix, AZ – With nearly 1M monthly active users, Trucker Path is America’s largest over the road community. “Our members continually tell us how our app reduces the stress of planning a trip, fuel prices and finding a safe place to park,” said Joe Chen, CEO of Trucker Path. Chen stated, “The community told us their number one feature request of the Trucker Path app was a truck specific navigation system, so we are launching truck specific navigation.” [p]Trucker Path truck navigation will ease the anxiety that an over the road driver has when planning a trip. A navigation subscriber will be routed on truck specific routes that avoide low bridges and bridges with weight restrictions. When a user attempts to use a road that is not a designated truck route, alarms will be activated notifying the user to avoid the route. <img class="aligncenter size-medium wp-image-4703" src="https://truckerpath.com/uploads/2019/03/Trucker-Path-Navigation-210x300.png" alt="" width="160" height="250" align="right" /> [p]Over 1500 over the road drivers have been beta testing the Trucker Path Community board over the last 60 days. The community room allows users to comment in 26 trucking related forums, ask questions in the truck models section and post and view used equipment. “We have built a community space that gives drivers a chance to discuss what’s on their mind with other drivers and post pictures of their trucks,” said Chen. He continued, “Drivers love to talk and love their truck we are already seeing this to be popular feature to the app.” [p]At the Mid America Truck Show, Trucker Path will launch their WIN FREE FUEL Sweepstakes. One lucky trucker will win 1000 gallons of free fuel. Trucker Path’s booth number is 64232. [p]Launching in March is the job board, <em>Trucker Path Hire</em>, which will allow trucking companies to post job opportunities locally and nationally for drivers. <strong>[p]About Trucker Path</strong> [p]Trucker Path is America's largest trucking community with nearly 1M truck drivers as active users equating to over 25 percent of U.S. based long-haul truckers. The exponential growth of the Trucker Path app led to the release of Truckloads, an online marketplace connecting freight brokers with hundreds of thousands of member carriers via the web and mobile devices. In mid 2018 the Trucker Path ELD was launched. The Trucker Path team strives to bring efficiencies to the freight transportation industry while making life on the road easier, more enjoyable, and more profitable for truck drivers.

Mar 28, 2019