The best-case scenario surrounding a roadside brake inspection is for drivers and trucking companies to be prepared ahead of time. This way, the inspection can proceed in a timely manner, follow all safety protocols and result in drivers being cleared to get back on the road. Here’s what to expect with a brake inspection.
In simple terms, a UCC Filing is a record of collateralized debt, filed publicly by a lender to your business. UCC stands for “Uniform Commercial Code.” Basically, the UCC itself is a list of laws by which separate state governments have agreed to a single definition of any one requirement included in the code. In trucking, companies often operate across state lines, so there needs to be a unified way to keep track of certain aspects of the legal and financial sides of your business, no matter where you are.
Here’s what to look out for, some tips to make sure you pass, and other guidance surrounding this crucial aspect to your first 18 months in business.
RTS is summarizing industry news articles from a variety of sources to help you stay informed about the direct impact coronavirus has on the transportation industry and its drivers.
At RTS, our top priority is maintaining the health and safety of our employees, our customers and our partners. In response to the coronavirus pandemic, we would like to share with you the steps we are taking to create a safe working environment for our employees while ensuring that we continue to provide the highest level of service to our customers.
In addition to closely monitoring the CDC for developments with the coronavirus, we are also:
With 35 years of experience dedicated to serving the trucking industry, we have expanded our transportation factoring services beyond the southern border. RTS International, our international factoring brand, now offers same-day funding in pesos to trucking companies with operations throughout Mexico.
When choosing to factor your invoices, there are two primary types of factoring to consider: recourse and non-recourse. Recourse means that you’re ultimately responsible for the payment of an invoice if your customer doesn’t pay. Non-recourse means the factoring company is primarily responsible for collecting on unpaid invoices. It seems simple, but the protection that non-recourse factoring affords often comes with stipulations.
Here are the considerations a business needs to understand before choosing non-recourse.
Like so many other things in business, it’s important to do your homework when vetting savings opportunities. That includes making sure that the latest and greatest fuel card you might be compelled to try will truly help your bottom line.
In 2018, trucking was a good place to be. An increase in shipping demand, combined with a shortage of trucking capacity, helped boost load rates and drive more revenue for most carriers. Fuel costs were relatively low, e-commerce was up and taxes were down.