#Canadian ELD Mandate

[eldmandates]

The Complete Guide to How to Start a Trucking Business with One Truck in Canada

Starting a trucking business with one truck in Canada can be a profitable venture if approached with the right strategy. Whether you have experience as a truck driver or you're looking to enter the industry, having a solid business plan and understanding the logistics are essential to long-term success. This guide will walk you through the critical steps to help you get your trucking business off the ground.

1. Understand the Industry and Its Requirements

Before starting your trucking business with one truck in Canada, it's essential to understand the industry. The trucking industry in Canada plays a crucial role in the country's economy, with goods transportation making up a significant portion of the country's trade infrastructure. However, the competition is stiff, and operating a profitable business requires adhering to industry standards and regulations.

Some key areas to research include:

Licensing Requirements: Obtain a commercial driver's license (CDL) to legally operate a commercial truck in Canada.

Safety Regulations: Comply with federal and provincial safety regulations, such as those governed by the Canadian Transportation Agency.

ELD Mandates: Make sure your truck is equipped with an Electronic Logging Device (ELD) to comply with Canada's ELD mandate.

2. Draft a Solid Business Plan

Your business plan is the blueprint for starting a trucking business with one truck in Canada. A well-thought-out plan will outline your target market, services, pricing strategy, and operational costs. Key sections to include in your business plan are:

Mission Statement: Define what services you will provide (e.g., long-haul freight, regional deliveries).

Target Market: Identify the sectors you’ll cater to, such as retail, construction, or manufacturing.

Startup Costs: Calculate the costs of purchasing or leasing a truck, fuel, maintenance, and insurance.

Revenue Projections: Estimate how much you plan to earn in the first year and set financial goals accordingly.

3. Secure Financing for Your Truck

Buying a truck is one of the most significant investments when starting a trucking business with one truck in Canada. You have two main options: purchasing a new or used truck, or leasing. While purchasing gives you full ownership, leasing can be a more affordable option in the early stages of your business.

Financing options include:

Bank Loans: Traditional bank loans can provide you with the capital needed to purchase a truck.

Equipment Financing: Specialized lenders offer loans specifically for purchasing commercial vehicles.

Leasing Programs: Many trucking companies offer lease-to-own programs that allow you to lease a truck and eventually own it.

Make sure to compare all your options to find the best financial solution for your business.

4. Register Your Business and Obtain Permits

To legally operate your trucking business with one truck in Canada, you’ll need to register your business and obtain the necessary permits. The following are essential:

Business Registration: Register your business with the federal or provincial government.

Operating Authority: Apply for the correct operating authority, which allows you to transport goods across provincial and international borders.

Insurance: You’ll need insurance coverage for liability, cargo, and physical damage. The cost of insurance can vary depending on the truck's age, type, and usage.

Fuel Tax Permits: If you plan to operate across borders, ensure you have an International Fuel Tax Agreement (IFTA) permit.

5. Build a Strong Client Base

When starting a trucking business with one truck in Canada, securing clients is one of the most critical steps. With just one truck, focus on building long-term relationships with a few key clients rather than spreading yourself too thin.

To build your client base:

Network: Attend industry events, connect with freight brokers, and leverage your existing network.

Online Presence: Build a professional website and utilize social media to promote your business.

Freight Brokers: Partner with freight brokers who can help you secure loads and streamline your operations.

6. Manage Operations and Growth

Operating your business efficiently is vital for long-term success. As you begin, managing fuel costs, optimizing routes, and ensuring your truck is well-maintained should be top priorities.

Here are some tips for managing your trucking business:

Use Fleet Management Software: Tools like GPS and fleet management software can help track routes, monitor fuel consumption, and optimize delivery times.

Keep Accurate Records: Maintain accurate financial records to manage expenses, taxes, and potential audits.

Plan for Growth: Once your business becomes profitable, consider expanding by purchasing additional trucks or hiring more drivers.

Starting a trucking business with one truck in Canada can be a challenging yet rewarding venture. By understanding the industry, securing financing, obtaining the necessary permits, and building strong client relationships, you can position your business for success. As you grow, leveraging technology and efficient management practices will help ensure profitability.

To simplify the process of adhering to ELD regulations and maintaining compliance, consider using eldmandate, an industry leader in Electronic Logging Devices. Eldmandate will help you stay compliant as you navigate the path to success in the trucking industry. With careful planning and the right tools, starting a trucking business with one truck in Canada can lead to significant opportunities for growth and financial independence.

[eldmandate339]

How the ELD Mandate Impacts Cross-Border Trucking

The ELD mandate, or Electronic Logging Device mandate, is a regulation introduced to ensure accurate recording of drivers' hours of service (HOS). Its implementation has significantly impacted the trucking industry, especially in cross-border operations between the United States and Canada. Understanding how the ELD mandate impacts cross-border trucking is crucial for fleet managers and drivers who regularly operate across these borders.

Understanding the ELD Mandate

The ELD mandate requires commercial motor vehicle drivers to use electronic logging devices to record driving hours. This regulation aims to improve road safety by reducing driver fatigue and ensuring compliance with HOS regulations. While the mandate was introduced in the United States in December 2017, Canada followed suit with its own ELD regulations in June 2021. The alignment of these regulations between the two countries has specific implications for cross-border trucking.

Compliance Challenges in Cross-Border Trucking

. Navigating Different Regulations

One of the primary challenges in cross-border trucking under the ELD mandate is navigating different regulations. Although the US and Canada have similar ELD requirements, there are differences in how these rules are enforced and the specific technical standards for the devices. Trucking companies must ensure their ELDs are certified for use in both countries, which can require additional investment and technical support.

. Training and Adaptation

Training drivers and fleet managers on the nuances of both US and Canadian ELD regulations is essential. Cross-border drivers must be adept at switching between regulatory frameworks to remain compliant. This requires comprehensive training programs and ongoing support to address any issues that may arise during cross-border operations.

Benefits of the ELD Mandate in Cross-Border Trucking

. Enhanced Safety

One of the most significant benefits of the ELD mandate is enhanced safety. By ensuring that drivers adhere to HOS regulations, the mandate helps reduce the risk of accidents caused by driver fatigue. This is particularly important in cross-border trucking, where long hauls and tight schedules can lead to extended driving hours.

. Improved Efficiency

The ELD mandate also improves operational efficiency. Electronic logging devices streamline the process of recording and managing HOS, reducing paperwork and administrative burden. For cross-border operations, this efficiency translates into smoother logistics and better time management, helping companies meet delivery deadlines more effectively.

. Increased Transparency

ELDs provide real-time data on driver activity, which enhances transparency in cross-border trucking. Fleet managers can monitor compliance in real-time, addressing any issues promptly. This transparency is crucial for maintaining trust with clients and regulatory authorities, ensuring that operations run smoothly across borders.

Economic Implications

. Cost of Compliance

While the ELD mandate offers numerous benefits, it also entails costs. Trucking companies must invest in certified ELDs compatible with both US and Canadian regulations. Additionally, the cost of training and ongoing support can be significant, particularly for smaller companies. However, these costs are often offset by the long-term benefits of improved efficiency and safety.

. Competitive Advantage

Compliance with the ELD mandate can also provide a competitive advantage. Companies that demonstrate adherence to safety and regulatory standards are more likely to gain the trust of clients and regulatory bodies. This can lead to increased business opportunities and a stronger reputation in the industry.

The ELD mandate has a profound impact on cross-border trucking, influencing safety, efficiency, transparency, and economic considerations. Navigating the regulatory differences between the US and Canada, while challenging, is essential for maintaining compliance and optimizing operations. For companies involved in cross-border trucking, understanding and adapting to these regulations is crucial.

At ELD Mandate, we specialize in helping trucking companies navigate the complexities of the ELD mandate. Our solutions are designed to ensure compliance, enhance safety, and improve operational efficiency. By leveraging our expertise, you can ensure your cross-border operations are seamless and compliant with all regulations. Understanding how the ELD mandate impacts cross-border trucking is the first step towards optimizing your fleet's performance and ensuring road safety.

[avaaltechnologysolutions]

The Differences Between the U.S. & Canada’s ELD Mandates

The trucking industry has been undergoing a technological redesign lately. One of the largest technological shifts has been the implementation of Electronic Logging Devices (ELDs). ELDs have been heavily discussed in the trucking industry for a few years, and that focus has only increased ever since Canada finally unveiled their ELD mandate this year. Cross-border fleets are expected to comply with both the U.S. and Canada’s ELD mandates, and while these regulations are similar there are a few key differences trucking companies should be aware of. Third-Party Device Certification

One of the biggest differences between Canada’s and the U.S.’s ELD mandate has to do with third-party certification. In the U.S., all ELDs are self-certified. This means that there is a risk that devices can be modified or tampered with. That is why Canada added a third-party certification clause to its mandate. All Canadian carriers will have to get their devices certified by an approved third-party in order to be compliant. Compliance Deadline

The road to ELD compliance in the U.S. has been a long one. Most trucks have had to be compliant since December 2017, but companies that were equipped with automatic onboard recording devices (AOBRDs) were grandfathered in. That deadline expired on December 16th, 2019 though, meaning that all fleets in the U.S. are now required to have ELDs.

Canada has opted for a faster track. While Canada initially proposed a four-year implementation period, it has now been shortened to two years. Canadian fleets will have until June 2021 to comply with the ELD mandate, and unlike the U.S. there will not be a grandfather clause for existing AOBRDs. Personal Conveyance

Another big difference between the two countries' ELD regulations has to do with how they identify personal conveyance time. In the U.S., drivers are not limited in terms of using vehicles for personal conveyance. They can even use trucks for personal use when full or cargo.

Canada’s ELD mandate, however, does include a personal conveyance limit. In Canada, drivers will only be able to use commercial trucks for personal use for a maximum of 75 km, or 46.6 miles. This rule will apply to all truck drivers in Canada, even U.S. based ones will be required to comply.

Want to learn more about ELD's and their role in the trucking industry?

Sign up for one of our training courses today!

[truxsolutions]

ELDs and Data Compliance: Staying Ahead of the Curve in Canada

Staying Ahead of the Curve in Canada

Electronic logging devices (ELDs) have revolutionized the Canadian trucking industry by electronically recording drivers' hours of service (HOS). 

While ELDs have undoubtedly enhanced safety and compliance, managing the data they generate and navigating the legal landscape surrounding it can be complex. 

This blog post delves into the world of ELDs and data compliance, offering valuable insights for Canadian trucking companies to stay ahead of the curve.

The Rise of ELDs in Canada

Since June 2022, Transport Canada mandated the use of certified ELDs in all commercial vehicles across the country. This shift from paper logs to electronic systems has brought numerous benefits, including:

Improved accuracy and data integrity: ELDs eliminate manual log errors and discrepancies, ensuring accurate HOS recording and compliance.

Enhanced safety: By preventing drivers from exceeding HOS limits, ELDs reduce fatigue-related accidents and contribute to safer roads.

Simplified compliance: ELDs automate data collection and record-keeping, easing compliance audits and inspections.

Increased operational efficiency: Real-time data on driver activity and vehicle location enables better fleet management and route optimization.

Data Management: Beyond Compliance

While ELDs primarily serve compliance purposes, the data they generate holds immense potential for optimizing trucking operations. Canadian trucking companies can leverage ELD data for:

Driver performance monitoring and coaching: Identify areas for improvement, such as excessive idling or speeding, and provide targeted coaching to enhance driver efficiency and safety.

Fuel management and route optimization: Analyze fuel consumption patterns and optimize routes to reduce fuel costs and improve driver productivity.

Predictive maintenance: Monitor vehicle health data to identify potential issues early and schedule preventive maintenance, minimizing downtime and repair costs.

Customer service improvement: Track delivery times and provide accurate ETA updates to customers, enhancing transparency and service quality.

Navigating the Legal Landscape of ELDs

ELD data is subject to strict privacy regulations and legal considerations. Canadian trucking companies must:

Choose certified ELD solutions: Ensure your ELDs comply with Transport Canada's technical specifications and certification requirements.

Train drivers on proper ELD use: Educate drivers on data accuracy, privacy protocols, and potential misuse of ELDs.

Implement data security measures: Securely store and transmit ELD data to prevent unauthorized access or manipulation.

Establish data access and retention policies: Determine who can access ELD data, for what purposes, and how long it must be retained.

Prepare for data inspections: Maintain readily accessible ELD data for potential audits and investigations by Transport Canada.

Staying Ahead of the Curve with a Trucking Compliance Partner

Managing ELDs, data compliance, and the evolving legal landscape can be overwhelming for trucking companies. Partnering with a reputable trucking compliance and safety consultancy like ours can provide invaluable support. We offer:

Expert guidance on ELD selection and implementation: We help you choose the right ELD solution for your needs and ensure proper installation and driver training.

Comprehensive data management strategies: We develop customized data management plans to ensure data accuracy, security, and accessibility.

Legal compliance assistance: We stay updated on the latest ELD regulations and advise you on best practices to avoid legal challenges.

Driver training and support: We provide drivers with comprehensive training on ELD use, data privacy, and safety protocols.

Regular compliance audits and assessments: We conduct periodic audits to identify and address any potential compliance gaps.

Investing in ELDs and data compliance is an investment in your company's safety, efficiency, and long-term success. 

By choosing the right ELD solution, managing data effectively, and partnering with a trusted trucking compliance expert, Canadian trucking companies can navigate the ever-changing ELD landscape and stay ahead of the curve.

Don't hesitate to contact us for consultation and learn how we can help your trucking company thrive in the age of ELDs and data compliance.

[eldamandate07]

Trucking in Canada & How to Start a Trucking Business in Canada 2023

According to the UN mid-year data, 37,742,154 people live in Canada. More than 700,000 trucks (approximately) operate across Canada, out of which 420,000 carry commercial freight. Moreover, out of the total number of trucks in Canada, nearly 500,000 are straight trucks and 200,000 are truck tractors. $37.9 billion was generated by the Canadian trucking industry by hauling nearly 61 million shipments in 2019. It has to be remembered here that ‘trucking industry’ means the companies that are involved in the transportation of cargo by trucks.  Approximately 181,000 truck drivers are involved in the transportation of goods. 

The National Highway System of Canada has a road network of 38,021 km. The National Highway System of Canada is made of 3 different types of routes which are as follows:

According to the UN mid-year data, 37,742,154 people live in Canada. More than 700,000 trucks (approximately) operate across Canada, out of which 420,000 carry commercial freight. Moreover, out of the total number of trucks in Canada, nearly 500,000 are straight trucks and 200,000 are truck tractors. $37.9 billion was generated by the Canadian trucking industry by hauling nearly 61 million shipments in 2019. It has to be remembered here that ‘trucking industry’ means the companies that are involved in the transportation of cargo by trucks.  Approximately 181,000 truck drivers are involved in the transportation of goods. 

The National Highway System of Canada has a road network of 38,021 km. The National Highway System of Canada is made of 3 different types of routes which are as follows:

Regulations for Trucking in Canada

All the regulations governing commercial vehicles, drivers and motor carriers in Canada are based on Transport Canada’s NSC or National Safety Code standards. The NSC is a code of minimum standards of performance that are required to be followed by all commercial vehicles. For the safe operation of commercial vehicles, the NSC is applicable to everyone.

The Canadian trucking industry is managed by Transport Canada and is regulated by the Motor Vehicle Transport Act. 

Motor Carrier Safety Fitness Certificate Regulations

All commercial vehicles that travel across the provincial borders are required to have a Motor Carrier Safety Fitness Certificate. This is applicable to: 

1. A truck, tractor or trailer, or any combination of these vehicles which has a registered gross weight of more than 4,500 kg.

2. A bus that is designed and used for transportation of passengers with seating capacity of more than 10 persons (including the driver) if it is utilized for anything other than personal use.

Commercial Vehicle Driver Hours of Service Canada Regulations

This can be found by reading our article on it very soon.

An ELD or AOBRD can help handle all of these regulations so that you or your drivers don't have to. 

Memorandum of Understanding on Interprovincial Weights and Dimensions (MOU)

All the trucks that operate in Canada are required to follow the weight and measurement regulations laid down by this Memorandum of Understanding. These measurement limitations are acceptable in all the provinces of Canada.

For example, the tractor semitrailer commercial vehicles have to following the limitations:

1. The height cannot be more than 4.15 meters.

2. The length cannot be more than 23 meters.

3. The width cannot be more than 2.6 meters.

4. The maximum permissible weight cannot be more than 46,500 kg.

ESC or Electronic Stability Control on commercial vehicles

On 14th December, 2017, Trucking Canada posted on Gazette II about the compulsory introduction of ESC or Electronic Stability Control on truck tractors and buses that have a gross vehicle weight rating of more than 11,793 kgs, or 26,000 lbs. the main reason for introducing this mandate was to reduce the number of accidents caused due to truck rollover and loss-of-control. This requirement is aligned with that in the United States of America. The ESC requirement has been effective in the USA since 1st August, 2017. All trucks in Canada after 14th December, 2017 are equipped with electronic stability control. However, trucks which were manufactured before the regulation’s coming-into-force date do not require electronic stability control.

Licences and Permits

The Trucking industry in Canada is not as centrally-governed as it is in the United States of America. Through the passing of the Motor Vehicle Transport Act, many of the regulatory responsibilities were given to the provincial and territorial governments apart from a few broad regulations.

Now, see below the licences and permits that are required to start a trucking business in Canada:

NSC or National Safety Code Certificate

Federal Business Number for Income Tax and GST

IFTA or International Fuel Tax Agreement Registration

IRP or International Registration Plan 

CRA or Canada Revenue Agency Fuel Charge Registration

Insurance

Driving licence

NSC or National Safety Code Certificate

The NSC or the National Safety Code is a set of uniform safety standards applicable to all private and public trucking companies of Canada since 1987. The guidelines of the NSC or the National Safety Code were laid down by the CCMTA or the Canadian Council of Motor Transport Administrators. The Canadian legislation requires all commercial vehicles operating in Canada to register at their base jurisdiction’s National Safety Code. 

National Safety Code aims at the following for Trucking in Canada:

Enhance the safety of trucks and drivers on the cross-border routes of Canada.

Emphasis to be placed on regulations related to safety.

Enforce uniform safety regulations across all provinces and territories of Canada.

Besides the above-mentioned goals of the NSC, there are 16 regulatory guidelines:

A driver is permitted to have only one drivers licence.  No driver is allowed to have multiple drivers licences in a number of Canadian provinces and territories.

The knowledge and performance of the drivers is judged via written and practical assessments before issuing a drivers licence.

The truck drivers training is to be judged via testing.

The classification of the process of drivers licensing is based on the type and weight of the vehicle that can be driven under a particular drivers licence.

The standards of self-certification along with the methods that are required and dependent on the elements of training required for commercial drivers licences.

The standards of the medical tests that a truck driver is required to pass.

The collection of data against the profiles of the drivers and the trucking companies.

A legal party is eligible to suspend a particular driver’s licence for a short period of time.

The number of hours a truck driver is permitted to work within a specific period of time in Canada.

Particular requirements of securing loads.

The standards of vehicle maintenance and inspections that commercial vehicles are to be compliant with.

The standards of CVSA that describe the procedures for on-road inspection of vehicles.

To ensure that the vehicle is thoroughly inspected and safe to drive on the road.

Issuing safety ratings determined on the basis of their performance with regards to the NSC.

Auditing and inspecting the facilities.

Determining the required first-aid training for the drivers of the trucking companies.

Note that the National Safety Code certificate is a required document for vehicle registration. An application for the National Safety Code is available at the options mentioned below:

Driver Service Centre

Weigh Scale

Appointed agents

Office of the Government Agent

For further information, please visit. 

Federal Business Number for Income Tax and GST

The Canada Revenue Agency or CRA assigns a 9-digit Federal Business Number (BN) to a business. The types of business can be sole proprietorship, a corporation, or a partnership.   

Note in this regard, trucking companies in Canada have to communicate with the CRA that they wish to register for both GST and Payroll.

IFTA or International Fuel Tax Agreement registration

Similarly to how we discussed IFTA in our guide to starting a trucking business in the USA, The IFTA or International Fuel Tax Agreement is a cooperative agreement between the 10 provinces of Canada and the 48 American states. It makes it simpler for trucking companies operating internationally to report and pay fuel taxes while operating in the agreeing states and provinces of USA and Canada. According to IFTA, Canadian trucking companies require only one licence plate which is issued by their base jurisdiction. This one licence allows trucking companies to pay fuel tax to the base jurisdiction. The total fuel tax gets divided amongst the states and provinces through which the trucks of that company operated. Truck drivers are required to maintain a record of the total distance they had travelled in each of the states and provinces and quantity of fuel that was bought in each province and state.

The International Fuel Tax Agreement or IFTA is not valid in the following jurisdictions:

Canada: Northwest Territories, Nunavut, Yukon Territory

USA: Alaska, Hawaii, District of Columbia

A trucking company in Canada is required to register IFTA if its commercial vehicles are motor vehicles which are used for business purposes and cross the boundaries of the provinces and states. Alternatively, trucking companies can also get separate permits from the different provinces. For example, a trucking company can get a MFUP or Motive Fuel User Permit for entering into the province of British Columbia from the Ministry of Transportation and Infrastructure. If the trucking company transports goods for another person, the carrier is responsible to pay the fuel taxes and other interjurisdictional reporting instead of the owner of the vehicle.

Filing a quarterly IFTA tax return

Canadian trucking companies have to provide the following information in the respective IFTA tax return form- Amount of tax paid, Quantity of fuel purchased, & Distance travelled in each of the jurisdictions.

Trucking businesses are to balance the overpayments made in one jurisdiction against the amounts they owe in the other jurisdictions. If the total tax results in the trucking company paying less than what should have been paid, the balance amount has to be paid. If an extra amount was paid, the trucking company will get a refund.

There are certain penalties a trucking company may be subject to if they do not file their IFTA tax returns or pay pending taxes on time:

The trucking company may be subject to paying interest against the amount owed by them along with other penalties.

The trucking company’s IFTA licence may be cancelled. 

IRP or International Registration Plan registration

IRP is a cooperative agreement that is suitable for vehicles that are to operate in two or more member-jurisdictions. Just like IFTA, the licence fees get divided amongst the jurisdictions the vehicle has operated in. Below are some characteristics of IRP:

There is only one licence plate for each of the vehicles in the fleet.

Alternatively, there can be a set of licence plates.

There is only one cab card for each of the vehicles in the fleet.

Canada Revenue Agency or CRA Fuel Charge Program

A Canadian trucking company from owner operator to many fleets that operates in the following provinces: Manitoba, New Brunswick, Ontario, Saskatchewan, Nunavut, or Yukon are required to register for the CRA Fuel Charge Program if it uses propane, fuel oil, gasoline or marketable natural gas.

This new fuel charge has been introduced by the Greenhouse Gas Pollution Pricing Act. It applies to 21 varieties of fuel and combustible waste. Only Canadian Trucking companies who operate inter-jurisdictionally are required to register. Trucking companies that operate within only one particular listed province are not required to register. This fuel charge became applicable in Manitoba, New Brunswick, Ontario and Saskatchewan from 1st April, 2019 and in Nunavut and Yukon from 1st July, 2019.

An owner of a trucking company in Canada who is registered as a road carrier is required to submit a fuel charge return every three months. 

Insurance for Trucking in Canada

Along with the required permits, insurance is one of the key aspects for a Canadian trucking company. Listed below are the different types of insurance and why it is required to start a trucking business in Canada.

Liability Insurance

Liability insurance pays for all the damages that are caused by a truck. If the truck driver is found to be driving without liability insurance, this could lead to heavy penalties.

The Motor Carrier Act of 1980 laid down federally regulated basic responsibilities that are to be maintained by the motor carriers involved in interstate transportation. Trucking companies are required to keep a proof of their financial responsibility for any sort of damage that might be caused by them in any of the following ways:

MCS-90 endorsement

MCS- 82 endorsement

Department of Transportation’s written authorization for self insurance

Bobtail Insurance

Bobtail insurance is a voluntary insurance that is also known as deadhead or non-trucking liability.  It covers any costs that may be involved in and responsible for an accident while driving a truck under the following circumstances:

Liability coverage when the trucker is driving a truck without a trailer. This is applicable regardless of being under dispatch or not.

Applicable when big rigs are driven to and from the dispatch terminal without the cargo trailer.

Applicable when truck drivers travel without the trailers being attached, between the hauling of loads.

Cargo Insurance

This is also not mandatory insurance but some shipping companies prefer trucking companies to have it. This type of insurance covers the load that is being carried in the trailers.

Drivers licence Trucking Canada

A commercial driver who hauls freight on inter-provincial routes is required to get a drivers licence of that province or territory. However, the classes of the drivers licences vary from province to province. The requirements for obtaining a drivers licence are also different in different provinces and territories. This blog discusses the rules and regulations that are to be followed by trucking companies operating in Canada. However, these are subject to change in different provinces and territories. It is advisable to refer to the ICBC website to find out what rules apply in the province the trucking company will be operating in. We wish you the best.

[factoringcompany456]

Business Loans For Transportation Companies

We are a relationship-driven company that focuses on the success of our Independent Freight Agents. Our management staff is supportive and accessible and works diligently that can help you succeed, providing you with the attention your business deserves. They have excellent customer service, factoring hundreds in less than 24 hours. This is a good company to help grow your Trucking Business, whether freight broker invoice factoring or not your just beginning or been in enterprise for years. The freight Brokerage business isn't regulated in many of the provinces in Canada. However, if you need to move US-Canada cross border freight you have to apply for broker authority with FMCSA (Federal Motor Carrier Safety Administration) and also get a minimum surety bond of USD 75,000.

Needless to say, all truck drivers will need to guarantee their vehicles and trailers are totally compliant with all security rules over this three-day interval. Through this method, Ontario will support industry to successfully transition to ELDs by aligning the provincial strategy with the enforcement of federal ELD necessities. This will guarantee a stage playing area for all carriers (regardless of where the provider operates). ELDs are already in widespread use among Canadian fleets and owner-operators on account of the united states mandate and the prevalence of cross-border trucking operations.

If a firm that has been making regular dividend payments cuts or skips a dividend, investors begin considering it has critical monetary issues. The elevated uncertainty typically ends in decrease stock prices. Thus, most companies set dividends at a stage they can maintain paying. They begin with a relatively low dividend payout ratio in order Invoice Factoring for Freight Brokers that they can keep a steady or barely increasing dividend over time. Marketing managers need a lot of completed goods readily available, so buyer orders may be stuffed rapidly. Techniques for reducing the funding in inventory are inventory management, the just-in-time system, and materials requirement planning.

There are many ways you can finance your transportation enterprise in Canada. Depending on what you’re attempting to finance, every financing possibility comes with its own advantages and downsides. In order to legally run a transportation enterprise, you’ll need to register your small business and establish a 1-800/vanity quantity.

Therefore, finance is critical to the success of all firms. It is most likely not as seen as marketing or manufacturing, however management of a firm’s funds is just as key to the firm’s success. All consultations and conversations with Loans Canada and its companions are confidential and risk-free. Speak with a trusted specialist at present and see how we may help you achieve your financial targets faster. Loans Canada and its partners won't ever ask you for an upfront charge, deposit or insurance coverage payments on a loan.

Because the product has been sold but money has not but been obtained, an account receivable amounts to a use of funds. For the average manufacturing agency, accounts receivable symbolize about 15 to twenty percent of whole property. An necessary responsibility of the monetary manager is money management, or ensuring that enough money is available to pay bills as they arrive factoring freight broker due and to meet unexpected bills. AscendTMS’s load monetary module lets supervisors add budgets and expenses to specific loads and monitor overall revenue or loss throughout sure time periods. The route optimization performance lets staff leaders add or edit pickups and drop-offs, calculate traveled distances, and generate ETAs based on weather and traffic circumstances.

Our group is devoted to providing pleasant and professional customer service to ensure a hassle-free experience. We are available 24/7 to answer any questions or concerns you may freight broker factoring have. If you're ready to get compliant and develop your Trucking enterprise, give us a name right now. At Truck Buddies, we're dedicated to helping you run a profitable trucking business by taking the stress out of compliance.

[etrucksca]

IFTA Calculation Made Simple: A Four-Step Guide

Ah! You're wasting your time by doing paperwork. Even the fleet manager heartily wants to do the paperwork, as it's tiresome. Do you have the IFTA miles calculator? No! Stop sinning and buy it to make some free time for yourself.

It could be your sixty-ninth time or your first time calculating IFTA miles; we mean, don't focus on the numbers. With this easy guide, you can Calculate IFTA miles from now on.

Several methods are available for calculating miles; we're presenting you with the easiest one!

1-Gather all of your trips

Please ensure to keep track of all the trips that your trucks took. It would help if you even started recording each travel's stopping and starting odometer readings. Now you can help yourself in auditing.

2- Specify the start and finish points

Now you can make use of the IFTA miles calculator. From that odometer reading, you should have the beginning and ending points of a journey. So enter the readings in the correct place in the calculator. Some advanced calculators can even give you insights into the preferred route; in this way, you can calculate the mileage precisely.

3- Track your travel distance by state or province

The IFTA miles calculator Canada helps you show the distance covered by your truck in each province. You want a spreadsheet where you can note the distance separately for each Canadian state. It will help you find the total miles.

The bottom line  

With the advanced IFTA miles calculator Canada, you can easily track the miles that your truck covers. So, say goodbye to paperwork! And focus on the other part of your business.

By the way, we just remembered that we had to tell you the fourth point. Guess what? Just repeat all three steps for each trip your truck makes.

For more details about ELD Mandate Canada please visit our website: etrucks.com

[elddevices]

The final guideline of ELD Canada requirements for commercial trucking fleets based in Canada was announced by Transport Canada in June 2019. The Canada ELD mandate stipulates that any commercial motor vehicle driver is currently required to keep a duty status record.

And they would be required to migrate to electronic logging devices (ELDs). On March 2, Canadian Minister of Transport Omar Alghabra confirmed June 12, 2021, as the compliance date for truckers to comply with ELD requirements.

The implementation of the ELD mandate is scheduled to begin on June 12, 2021. Therefore, it is crucial to know how you can keep the commercial vehicle fleet running efficiently as these new compliance regulations come into effect.

[eldmandatedevice]

[connected-vehicles]

Everything You Need To Know About Fleet Management System

As you know, technology and innovations have changed how many businesses manage their everyday operations. The fleet management system is a set of procedures that enables businesses to view and control all data related to their vehicles and other assets, from the time of purchase until the end of their useful lives. 

With the development of technology, more companies are turning to fleet management software to optimize maintenance scheduling, provide better visibility into vehicle and asset use, and lower the total cost of ownership. More firms are discovering the value in digital procedures that eliminate inefficient manual duties and streamline operations as the fleet manager's job grows.

Fleet management Canada is gaining more and more popularity after the ELD mandate issued by the government a while ago. 

So let’s understand in detail what fleet management is and how it can help business owners. 

What Is Fleet Management?

Every business that’s engaged in some kind of transportation activity needs proper control over its fleet to maximize productivity and lower costs. The transportation business in Canada has flourished and grown in the past few decades and fleet management Canada can help business owners to make the most out of their vehicles. 

Functions Of Fleet Management: 

Following are the functions of fleet management: 

1. Fleet Tracking 

Tracking your fleet is one of the most crucial functions of a fleet management system. To ensure the safety and efficiency of their fleet, the fleet owners need to be properly informed about the fleet’s activities. Even though it would appear straightforward, tracking a fleet of even five or five thousand cars' locations might be difficult. For better visibility into their fleet operations and vehicle safety, fleet owners frequently rely on GPS technology and other GPS tracking systems. You can look for trusted fleet management companies in Canada like Connected Vehicles to get a proper GPS fleet tracking system in place. 

  2. Ensuring Driver’s Safety

As you know, the Canadian government has brought many provisions in place to ensure drivers’ safety like Hours of Services (HOS), ELD compliance, etc. It can be challenging to ensure safe driving practices, especially when fleet managers are hundreds of miles distant from the moving vehicle. Dash cams and vehicle monitoring systems are useful tools fleet owners can utilize to provide real-time insight into a remote vehicle and to supply information or materials for implementing driver training.

3. To Become ELD compliant:

Fleet management can help the fleet owners to become compliant with the Canadian ELD mandate rolled out in June 2021. ELD mandate calls for commercial vehicle owners to electronically log their Hours of Service (HOS). The regulation aims to eliminate paper logs and lessen instances of risky driving brought on by weary drivers. Fleet managers must put in place ELD compliance systems for fleets to make sure they have an accurate record of drive time. Fleet management companies in Canada are working rigorously to integrate electronic logging devices with fleet management software to get the proper logging information of the fleet. 

Connected Vehicles is a leading name when it comes to fleet management companies Canada. Nothing is more crucial for a fleet business owner than maximizing efficiency and reducing expenses. You may simply achieve your goals by implementing the most recent GPS and telematics technology incorporated with fleet management. 

Connected Vehicles can help if you're seeking fleet optimization services. Connected Vehicles describes itself as a client services firm that aids businesses in order to provide smart, data-driven fleet optimization solutions like Geotab. 

To know more about how Connected Vehicles can help you with fleet management, you can visit our website here: https://www.connectedvehicles.com/productivity-management-for-fleets/

[emandatebiz]

Canadian ELD Mandate 2021

ELD Mandate Canada, a cloud-based vehicle management software to help its users for keeping a track of their fleet services with real-time vehicle locations and service hours showing the details of each vehicle. The company aims to connect the users with the software and make vehicle management a time-efficient task.

[etrucksca]

Best Practises for Using trucking ELDs For Drivers

In the United States, the electronic logging device (ELD) mandate has been in effect for slightly more than three years. Unlike in the United States, where ELD devices are certified by the manufacturer, Canadian law mandates that the trucking ELD devices be certified by the government. Canada has delayed the implementation of its Trucking ELD mandate until January 1, 2023.

Truck drivers in the United States and those who cross borders ought to be familiar with electronic logs' regimen by now. Many Canadian drivers and new US drivers may require ELD best practices training.

In many cases, annotating logs and having a good explanation for a potential issue is sufficient, but you can lessen your risks if you know what to look for. This way, you can avoid most issues or discrepancies with your electronic logs before they become a compliance violation.

There are numerous advantages to utilizing the data from your trucking ELD, and in this ELD for trucking guide, we'll discuss how to use your ELD data to increase profits. ELD tools provide a massive amount of data about a trucking company's operations, including data that was previously unavailable to the company.

A trucking ELD is required for the majority of trucking companies. It can also make your drivers and fleet safer, more efficient, and lucrative.

Conclusion:

Truck drivers should not only understand all aspects of the FMCSA's ELD mandate, but they should also be aware of other information, such as how they can stand to gain from using a trucking ELD, including increased profits.

To know more about IFTA Reporting please visit our website: etrucks.com

[lilbbybirb]

via Truck News

[eldmandatedevice]

[connected-vehicles]

Canada ELD Mandate: Everything You Need To Know

If you are a fleet owner or trucker in Canada, you need to know about the transport Canada ELD mandate rolled by the government in June 2021. If you are worried about the new mandate & haven’t compliant your vehicle with it yet, then do not worry, as we have got you covered. In this article, we have covered everything you need to know about the Canada ELD mandate.

What is Transport Canada ELD Mandate? Canada ELD mandate is a new set of regulations rolled about by the Canadian government in June 2021. According to the mandate, all truckers will need to replace their old paper logging system with Electronic Logging Devices (ELD). The truck owners & vendors are also required to get a third-party ELD certificate. This mandate is similar to the ELD mandate rolled out by the U.S. government in 2017.

The mandate focuses on digitizing the logging process & reducing driver’s fatigue by strictly following the Canadian hours of service rules.

Things Covered In ELD Compliance Canada Even though the Canadian government was all set to roll out the mandate two years ago, the sudden outbreak of the COVID-19 pandemic has refrained the truck owners to get an ELD certificate. However, as soon as things started looking better, the government rolled out the mandate.

According to the transport Canada ELD regulation, the mandate will include the following:

It will completely replace the paper logging system with an electronic logging device. Paper logging will no longer remain valid.

It will require an ELD certificate issued by an independent third party.

A standardized process will come into place to prevent errors, logbook tampering & driver harassment.

It will strengthen the Hours of Service (HOS) regulation given by the government earlier.

The mandate will adopt many provisions from the U.S. 2017 mandate except the rule for self-certification by the vendors. The Canadian vendors will need an independent third-party ELD certification.

How Should You Prepare For The Mandate? Now that the mandate has come into effect, here are the following steps you can take to get ELD compliance Canada:

First thing first, you need to get an electronic logging device that fits the compliance. Connected Vehicles’ Geotab is an industry-leading solution for electronic logging that is already compliant with Canadian ruleset like Hours of Service rules, the Canadian Council of Motor Transport Administrators’ Technical Standard for Electronic Logging Devices, etc. In the next step, you will require a third-party ELD certificate. Ask your provider about the certification process. As an electronic logging solution, Geotab is committed to achieving a third-party certification whenever it is available. Start training your drivers & employees with the rules & regulations of the transport Canada ELD mandate. Give proper training in electronic logging so that they can easily follow the new rules. Make sure that your drivers are not exceeding the Hours of Service regulations and working within the prescribed hours.

Following these steps, you can easily prepare yourself for the new ELD mandate. The new mandate has multiple benefits for both the truck owners & the drivers. Some of the benefits are:

Improved road safety.

Reduced driver’s fatigue.

Bring efficiency to the administration & enforcement process.

Promoted economic growth by integrating the U.S. regulations.

These are everything you need to know about transport Canada ELD regulations. At Connected Vehicles, we help truck owners to adopt new rules like the ELD mandate with our solution Geotab. Geotab is a solution that facilitates electronic logging and allows you to track your vehicles from anywhere in the world!

To know more about how Connected Vehicles can help you, you can visit our website here: https://www.connectedvehicles.com/canada-eld-mandate/