Small Business Truckers Set to Talk to House Committee on Regulatory Burdens

The House’s Small Business Committee will hold a hearing to assess the impact of federal regulations on small trucking companies and examine options to provide regulatory relief to the industry. The hearing will feature prepared statements from owner-operators and other small business truckers, as well as a question and answer session.

Testimonies will be heard from Monte Widerhold of B.L. Reever Transport on behalf of the Owner-Operator Independent Drivers Association; Marty DiGiacomo, owner of True Blue Transportation, who’s testifying on behalf of the National Association of Small Trucking Companies; Stephen Pelkey, CEP of Atlas PyroVision Entertainment Group, who’s representing the American Pyrotechnics Association; and Tommy Philipou, a partner at DKN Ready Mix, as a proxy for the National Ready Mixed Concrete Association.

The session, named “Highway to Headache: Federal Regulations on the Small Trucking Industry,” will take place on Wednesday, Nov. 29 at 11 a.m. EST.

Healthy Truck Stop Snacks

When you’re on-the-go, it can be easy to grab a bag of chips and a Coca-Cola for a quick snack at a truck stop. Since trucking is a relatively sedentary lifestyle, eating well is very important to keeping yourself healthy and in-shape. Here are some examples of easy, on-the-go snacks you can find at most truck stops that are still healthy.

  • Trail Mix – This high-energy snack mix is the perfect thing to keep with you for when hunger strikes; scoop 1/4-cup portions into bags to keep from over-snacking.
  • Greek yogurt – High in protein, probiotics, and potassium, there are no downsides with this quick and easy choice. If you don’t like the flavor of plain Greek yogurt, they make a multitude of flavors and options with tasty mix-ins!
  • String Cheese – Satisfies that craving for something cheesy without all of the extra fats. Also, high in protein so will help you to feel full.
  • Healthy Popcorn – With the trend of healthy popcorns now-a-days, it’s relatively easy to find “skinny” popcorns that are low in butter and salt that are still super yummy! Most brands offer a variety of flavors as well.

Tips for Staying Awake on Long Car Trips

As a truck driver, you know it’s sometimes difficult to keep yourself entertained while on the road. When you’re driving for hours at a time, it’s easy to think of a million things you’d rather do. But, sleeping shouldn’t be one of them.

Check out these easy tips on how to stay awake on the road and make it through the entire trip without getting bored!

  • Move: One of the easiest ways to stay awake is to get up and move around. Don’t give your body the chance to fall asleep! Stop every few hours to keep the blood flowing.
  • Eat healthy: Have a good, well-balanced meal before you leave so that you don’t feel lethargic while driving. Then, keep snacking on healthy foods throughout the trip to keep your energy up.
  • Nap: Taking a nap before you leave allows your body to get the rest it needs to last throughout the entire trip. If you feel yourself getting tired along the way, don’t risk it. Pull over and take a cat-nap to ensure that you don’t doze off while driving.
  • Listen Loudly: Crank up the volume of your radio and listen to music or audiobooks that will maintain your interest throughout the duration of your trip.
  • Open Windows: Opening the windows will bring in fresh, cool air and keep you alert.

You Don’t Know What You Got ‘Til It’s Gone: Tips for Maintaining Your Breaks

Obviously, breaks are one of the most important parts of a semi truck. But, they often go unnoticed. Follow these tips to give your breaks some love and ensure that you will be able to stop quickly and efficiently.

Replace Break Pads: Break pads should be replaced a lot more than you think. When you replace them, make sure you also replace the springs, pins, and bushing for your breaks. These parts all work together and often ware down the same way.

Grease Slack Adjusters: Slack adjusters keep the brakes in alignment. Your truck will either have manual or automatic slack adjusters, but both need to be greased to work. Go for a nice lithium grease when you are greasing your slack adjusters to prevent seizing.

Grease S Cams: S Cams push the break into the wheel to stop the truck. These do not have to be replaced as often as break pads, but they should be checked and greased regularly.

Check Air Compression Pressure Gauge: Your gauge should read greater than 60 psi. Check to make sure your gauge is set appropriately before you drive your truck. Ideally, your psi should be between 100 and 125. If it drops below 60 psi, you should not use your truck.

Check Linings and Hoses: Linings should not be soaked with lubricants and should be at least 1/4 of an inch thick. Air hoses must not have cracks or appear worn. If your truck has damaged lining or hoses, you should replace them regularly.


Regulation Promotes Sleep for Truckers

Congress recently passed a regulation that aims at tackling exhaustion among truckers. While come weeks truckers would work up to 82 hours, the regulation now limits the time spent driving to a maximum of 70 hours a week. The change mandates a “restart period,” which provides two days off and no driving between 1 am and 5 am. Truckers are able to use the restart period once a week.

Some argue that the new rule will force truckers to be more active during rush hour, increasing the risk of accident. Congress, however, feels as though these regulations are necessary in promoting the most sound sleep among truckers in order to combat the prevalence of sleep apnea caused crashes.

Keep an eye out for new transportation legislation in 2017.

Vape is a Mistake for Truckers

Vape is a trend like has caught on like wild fire. But, what truckers need to know is that vape may actually lead to actual fires. The FMSCA warns truckers about the dangers involved with vaping in their truck cabins. In the past 5 years, vapes in trucks has caused over 100 explosions and accidents. Make sure you’re aware of your trucking company’s smoking regulations and the dangers involved with smoking while carrying hazardous materials.

Click here to read more about vaping as a truck driver!

Why Non recourse Factoring Is Important In Business

truck-146319_640A bank loan may seem to be a solution but it is difficult to obtain. Even if you manage to get one, you will remain under pressure until you clear off the loan. Moreover, the loan is just a one time solution and as your business grows, your financial needs are going to increase once again bringing about a situation where you will need more funds.

Non recourse factoring in such a situation offers an ideal solution. As you factor your freight invoices, you get access to required funds for paying off your employees, suppliers, taxes and to cover essential recurring expenses like fuel, vehicle maintenance and repair, tire purchasing and many other important things. Non recourse factoring, which is factoring of receivables, principally assumes that your invoices are valuable assets fit for financing. For a small fee, usually between 1.5 and 3% per month, a factoring company, within twenty four hours of your forwarding the invoices to them, advances you up to 97% of the invoice value.

The actual amount depends on the specific terms of the factoring agreement you enter into and eliminates most of your financial worries related to your immediate business expenses while the factor waits to be paid by your client. Most factors break their fee into ten day payments, to make it more attractive. For example, a 3% per month fee would actually be just 1% for every ten days the invoice remains outstanding. Additionally, if your factoring agreement has a non-recourse invoice factoring clause, the factoring company also covers the risk of non-payment in case your client becomes insolvent or closes down the business.

Non recourse factoring is important in business because it a viable financing tool for growing businesses, providing them with a solution to accelerate slow payments and free up cash flow. However, for factoring to work successfully for you, your business must have a commercial or government clientele and provide you with at least a 12 percent or higher profit margin. non recourse factoring can help you where you are forced to turn away orders on account of limited cash flow and also help you to avoid the risk of missing key payments like payroll, suppliers and rent etc due to cash flow problems.

Top Reasons Why You Should Start Factoring Your Freight Bills Today

forward-1276287_640Factoring is basically a financial tool that aids you to get immediate money against your credit sales so that you do not need to wait too long before it matures. Factoring has been a part of the business sector for hundreds of years and has acquired a new shape with the changing needs.

Factoring allows any business to meet its capital needs. In the process of factoring, an invoice of a company is utilized by the factoring company as a security against which it provides a loan to that particular company. Cash is made instantly accessible by a factoring company, which in normal circumstances, would take months to recover. The factoring company disburses the cash immediately against the invoice, which is kept as security.

Truck factoring is the process in which truck factoring invoice firms purchase invoices only from the trucking and transportation firms. The cash that these trucking firms, big or small, get from factoring companies helps them to regulate their work with a smooth cash flow. In the trucking companies, cash comes only after a stipulated time of 60-90 days. In this scenario, factoring comes as a welcome respite to these companies where deficit of cash might hinder the smooth working of the firm.

Definitely, a fee charged by these factoring companies which varies from 1.5% to 7% depending upon the volume of invoices factored and time taken for the same invoices to get cleared. This might seem a high fee but when one looks at the larger picture then the benefits one gets, in terms of cash flow and saved time and energy, is very reasonable.

The main benefit of factoring invoices is that the company gets the much-needed cash flow to run the business smoothly. This is done after the negotiation of the fee of factoring firm is decided and both parties have agreed upon a final rate. Once finalized, the factoring company pays around 60-90% of the invoice as advance, decided earlier. Thus, the other firm gets its cash in hand.

When a firm starts factoring its invoices it saves not only on time but also on the number of employees who can then be directed towards other important jobs rather than employing them to extract dues from clients.

As trucking firms have ready money it also boosts their buying or procuring power, enabling them to make better deals. They are also able to get benefits of bulk procurement discounts. Ready cash flow also helps in expansion through marketing and production and subsequently increasing sales. This comes as an overall boon for the firm that has chosen factoring for freight bills.

A very big benefit of factoring freight bills is that it provides the company with a detailed and clean portfolio of its accounts receivable. Ready cash improves the financial statement and saves a company from falling into a debt trap. Moreover, there is no need to look back to traditional banks for any kind of financial assistance as the factoring companies provide the required amount of cash flow for the smooth expansion of business. This way the company is saved from paying the high interests rates charged by banks on loans.