#trucker payment terms

[artisticdivasworld]

Financial Survival Tips to Help New Owner-Operators

We are starting a new series here on the blog. We want to talk to and help new owner-operators understand what exactly is involved with running a trucking business. We have identified 10 areas that cause issues for new owners, so we will address each one individually here. Since FRC was founded to help independent truckers succeed in an unfriendly economy, we hope that by talking about each of…

[kechiwrites]

tepid

nanami kento x reader! kinktober countdown day 7 (b d s m)

synopsis: “I’m looking for someone to give me control.” He expects his statement to draw some sort of response out of you, but your face remains placid and cool, the only hint that he’s said anything, the gentle upcurve at the corner of your lips. Kento finds himself wanting to muss up your curated exterior, wants to crush that tepid facade under the rough surface of his fingers.

wc: 2.8k

cw: fem + afab!reader but no gendered language, bdsm + D/s dynamics, sex worker!reader, salary man!kento, angst, potentially unrequited love, mentions of unprotected sex, begging, oral sex (m!receiving), jealousy, bondage, brat-taming, toys, mdni.

author's note: FINALLY DONE. JESUS. writing/doing research for medic reader x ghost, then touched starved konig, really impressed on me how powerful saying a man’s name can be. they love that shit. thank you to kitten for proofing and to ketsl + kee for helping originate this story and giving me tiktoks as fuel.

The waitress places a teacup in front of you, plain white, with a matching saucer. The steam of which coils upwards and dissipates before it can graze your chin. Your posture is upright, but not rigid and Kento finds himself correcting his slouch to mirror you. Your ‘thank you’ to her is accompanied with a blindingly bright smile, visibly jarring the waitress, who must face the gruff, deep terseness of truckers all day. She smiles back, turning and retreating with a lighter step than when she came.

Your grin tapers down to a lukewarm smile when you face him again, and it makes Kento ache, though for what, he’s not quite sure. “I think we should start with what you’re looking for, Nanami.”

Your words from the week before ring in his mind;

He brought his champagne flute to yours, eyes twinkling under the ballroom’s low lighting. The blue of your dress is nearly black, and it wraps your figure perfectly, cresting over hip and thigh as though it was made for you. Hell, with the average tax bracket of the guests surrounding the two of you, it could’ve been. 

“And what is it you do?” his question seems to startle you for a moment, and your eyes swing to the side of him, looking for your date, he presumes. Quickly, however, you school your features into a warm kind of indifference. 

“There are people who need to cede their control, to relax. And people who want control ceded to them by someone. I’m that someone.” You bring your glass to your bottom lip, drinking deeply, to avoid further explanation, or to buy yourself time, Kento isn’t sure. Still, the realization of what you mean, what your career is, and potentially why you’re here, sends a tingle down his spine, curls warm and heavy in his stomach. Urges him to take your business card when it’s offered, and make the arrangements to meet with you a week later.

“I’m looking for someone to give me control.” He expects his statement to draw some sort of response out of you, but your face remains placid and cool, the only hint that he’s said anything, the gentle upcurve at the corner of your lips. Kento finds himself wanting to muss up your curated exterior, wants to crush that tepid facade under the rough surface of his fingers.

“I’m sure I can help you with that.”

He settles for tearing at the napkin under his coffee mug.

✧

When you meet again, it’s to discuss your terms. Time with you costs a pretty penny and if Kento was so dead set on what he had pitched in the diner, he was looking at a very extended payment plan. 

He drags his spoon across the bottom of his coffee cup, stirring at the remaining sugar, unmelted at the bottom. He’d added it too late. He hates that. 

“How long will you need me, Kento?” You ask. You keep saying his name, over and over. 

“Do you frequent this place often, Kento?”

“Have you done this before, Kento?” 

“Do you know what you want, Kento?”

It drives him crazy, gives him this frantic itch at the back of his knee so bad that it makes him jostle the limb, like he’s a dog, eager for a treat. For attention.

It’s that itch that keeps him from saying “forever”. From insisting on something he just knows you can’t give. 

“Three months. I want three months. Not everyday, just-”

“Regularly.“ you cut him off. “I understand, Kento.” Your smile is so sweet. Unmelted crystals of sugar, smeared between your nose and chin.

“No one else.” He mutters, chin tucked to his chest, gaze snagged on the candy red linoleum, where he rereads the same scratched in message. 

‘thee hotties were here.’

It forces an exhale out of his nose, and when he can finally bring himself to stare at you, he’s relieved to see the smile you gave the waitress. But this time, it’s for him.

“No one else.” You agree. And Kento feels like he’s breathing for the first time since he sat down.

✧

“So…” Kento tests one of the straps holding your limbs in place. It’s thick, dark, leather, the expensive kind you have to order from a specialty shop in Amsterdam. 

“So…” you respond, and you’re on your knees, nearly naked, at the foot of the lush, grand hotel bed (neutral ground, you’d said) and Kento is above you, standing, not naked. But you have the power here, you’re the one with experience, with stories, with the do’s and the don’t’s, and the not ever’s, not even once.

It’s not quite what he envisioned, and it’s nothing like the porn he watched. But you with that wide belt around your waist? With matching cuffs attached, cuffs that he helped you put your ankles into, that he secured the buckles for? It’s better. Better than the wet dreams and the research and the tight fist around the base of his cock the day after you first spoke in the diner. 

He crosses his arms and just stares, eating up the visual. 

“What?” You ask, wetting your bottom lip with your tongue. “You don’t like attitude?”

And he doesn’t know what he likes. But he knows he wants to learn. 

You start slow, taking him through the motions, explaining what exactly you have experience with, what both of your limits are, what his safe word should be, what he wants out of this.

And then, after all the discussion is said and done, he fucks your throat on and off for an hour.

After session one, you and Kento decide on twice a week.

✧

It turns out, Kento does not like “attitude”. But he does like reform. Likes for you to start sessions with a foul mouth, with rolling eyes and put upon sighs and ribs about him being an old man. Then he likes to fuck it out of you. Overwork your body until the only thing you can do is tremble underneath his palms. He likes to use his knee to press a wand to your clit until you soak the thigh of his dress pants, then he likes to up the setting from two to four and watch your chest cave in on itself. 

He likes to guide your limbs into a spreader bar and slide his tongue from the cleft of your ass to your clit. Adores watching you count the strokes of his dick inside you when your bent in half so he can fuck you in a mating press.

Kento likes the way your skin looks against shiny black leather and pristine white bed sheets. He likes how you look in lacey lilac lingerie with his favourite tie stuffed in your mouth. 

But above all, Kento loves how you look with his hands on you, on your throat, across your back, guiding your head down, or your hips up. His fingers inside you, his palm wrapped around your wrists, his forearms holding up your thighs. 

You make the dwindling amount in his savings worth it. 

You make his nights seem less lonely.

You give him something to look forward to.

✧

It’s nearly a month into your arrangement. Nine sessions, nine nights in the same hotel room, or one that looks exactly like it. Nine meetings in the lobby, nine instances of you looping your arm around Kento’s and walking together to the front desk, then to the elevators. Nine times Kento has peered over your shoulder and into the large leather purse you bring with you every time, eager to see what you’ve planned for him today. It’s always a surprise, unless he’s looked something up and texted it to you, or gotten something express shipped. 

But this time, the tenth time, things are different. This time he meets you at the station by his apartment, at 6 PM on the dot. This time when you walk arm in arm, he gets eight glorious minutes of it. This time, he doesn’t have to check in with the front desk receptionist with the icy eyes and disingenuous smile who always seems to be working when Kento rents a room. 

This time, you've both taken adequate measures, sharing clear bills of health and a firm set of boundaries, everything in place for Kento to forgo condoms for the first time. The hotel you regularly use for your sessions just didn’t seem concrete enough, felt hopelessly sterile, anonymous. And Kento likes to think you like him just a little bit more than your average hotel room client.

He has to think that way, or he’d never have the courage to see you again.

So at his behest, you’re in his space, in his drab beige and white apartment and he can hardly believe it. You drape your jacket over the back of one of his unremarkable dining chairs, and the sleek brown leather simultaneously blends in and stands out, he eyeballs it, while you look around, hears you comment on the amount of books he has everywhere, but he can’t respond, can’t part his gaze from the indelible foreignness of your things in his home. And when you catch him staring at the coat before he can casually look away, you fret aloud.

“Oh, I’m sorry, Kento. Should I have hung it up?” He watches you frown, your eyebrows coming together, separated by a miniscule wrinkle. He’s never seen that expression on you before.

He shakes his head, head already in a daze. You’re a worrier. You wring your hands. 

He hadn’t known that.

He doesn’t answer. Instead, he gets closer, tears his eyes from your clothing and approaches. Instead of assuring you he doesn’t mind, could not care less, the salaryman puts his hands on you, watches you sink into familiar territory, watches your eyes darken and your lips part and Kento Nanami nearly preens when you shiver. 

“I’ll feed you.” He speaks softly, and he kisses you. Then quickly amends; “After.”

And it might be too much. Too intimate, to share a meal after you let him smack you across the face, and wrap his hand around your throat, and press his thumb over your tongue and fuck you unprotected.

But he doesn’t care.

And neither, it seems, do you.

“After.” You repeat. “Sounds good.” 

And you smile.

✧

Three days after his tenth session with you, he sees you, outside, in regular clothing, not a ball gown or lingerie or nothing at all, but in a black t-shirt and baggy, soft looking jeans, and you’re blinking and smiling and laughing with some man. You’re in a coffee shop across from his workplace, and he can see you from his office’s window. (They’re small time, only on the second floor of a mega-corporation building, and up until that very moment, he had liked being able to see other people from his cubicle).

The man gets up, and Kento hopes he stumbles into the street and gets hit by a car, not hard enough to kill him, but hard enough that he can’t leave the hospital for a few days. 

He returns shortly, with a drink for you, in a large white to-go cup. You don’t ask him anything. Don’t check the cup for details, you just take a sip and smile, slow and satisfied.

Kento blows out a large breath, turns to his desk and fishes out a small, amber pill bottle boasting the illegible, worn-down name of a medication ending in -loft or -pril or -pene. He tips it directly into his mouth, crunching down on two pills before he chucks the bottle across the room.

Kento doesn’t know how you take your coffee. If you even drink it at all. You had tea at the diner, and he was so busy with his own drink, with his own neurosis, he doesn’t remember what you added. 

He calls you. Watches you pick up the phone and excuse yourself to the street outside.

Now, you meet four times a week. He starts doing overtime again.

✧

“Say it.” All the lights are off in your bedroom, save a salt lamp glowing pink on your end table in the corner. It hadn’t stopped Kento from eating up every detail of how you lived with his eyes. He saw the few pieces of underwear you’d shoved under your bed. The one pot of soup? Pasta sauce? You’d left unwashed on your stovetop. The framed picture of you and your mother or aunt or older cousin on your overstuffed dresser.

It had to be one of those. The resemblance was undeniable. 

“Please.” You gasp, and wrench up off your bed, trying in vain to fight against the thick leather restraints keeping you spread eagle before him. The rabbit vibrator inside is blush pink and vibrating at full speed so deep inside you, twisted so it won’t touch your clit.

“You’re better than that, you beg better than that. Don’t make me drag it out of you. Beg. Me.” Kento can hear himself, can hear just how untethered, frayed he sounds. Every downward strike of his hand against your inner thighs is accompanied by a flash of you sipping from that godforsaken off-white coffee cup and smiling like the man from the coffee shop understands you, warm, comfortable. 

Does he know who the woman in the photo with you is? 

“Ken, Sir. Please, please let me come. I’m sorry for being a brat. Please.”

“Who gives you what you need?” He crouches down, sliding a finger along the straining line of your throat. Your lips are slick with your own spit, he’d enjoyed the gag for a bit, but your voice desperately warbling his name would always be better than the visual stimulation. Tear tracks have dried at the corners of your eyes, remnants of the first orgasm he’d ruined for you.

You are so goddamn pretty.

“You do.” You hiss, body arched and shaking, as if you could move the vibrator yourself if you fidgeted enough. He could hear how wet you were, could see beads of sweat pearl on your heated skin,

“Always?”

“Always.” 

✧

Meals after, sometimes before, become a regular occurrence. Usually Kento cooks for you. Sometimes you cook for him. Once, and never again, you got to his place before him, hefting a paper bag of groceries he insisted on compensating you for. When you called him, he had only a few minutes left at work, and the station was so close. So he told you where he kept his extra key. Told you to let yourself in. And you had. 

And when Kento got home, bone tired and overworked and wanting nothing more than to press his mouth to yours for hours, you welcomed him home. Eyes bright, smile hot and melting and so sincere.

And you had made dinner. For the both of you.

✧

“It was a pleasure serving you Kento.” You’re huddled in a winter coat, and briefly, Kento thinks about how fast the weather turned, how you chatted and teased and charmed a man that wasn’t him in a t-shirt two months ago, and now your arrangement with him is ending and you needed a scarf, and gloves. 

“Mm. I enjoyed our time together.” He feels like a liar, feels like the pills he took before this weren’t enough, He can hear his blood roar in his ears. Cold bites through his coat. His nose is probably red. He hates that, reminds him of being a child, small and out of control and sniffling with a fever, at home, missing school. 

Unmelted sugar in cooling barley tea.

“I…” You peter off, and frown. You stick your hands in your pocket and shrug. “Do you want to hug? I think we should…” You don’t finish that sentence either, you just open your arms at him and approach. Wrap your arms around him and squeeze. And Kento doesn’t like PDA, finds it uncomfortable and embarrassing, but he thinks if the two of you stayed on the sidewalk, hugging forever, that would be fine too. He wonders if the people sidestepping around you on the sidewalk think you’re a couple. Think you’re married. 

He presses a kiss to the crown of your head.

He can smell your hair. 

When you finally pull back, you stare at him, eyes wide, mouth tense. So he kisses your lips, and it’s obviously not the first time, he can kiss you whenever he wants, tilt your head back and slide his tongue into your eager, panting mouth when he fucking feels like it. Because he pays for it.

But he didn’t pay for this one. He drinks from your mouth again, once, twice, three times. Sucks and bites at the surface of your bottom lip and he would chew and swallow every bit of expensive Dutch leather you own to do it for the rest of his life.

✧

“Three more months,” he says, when you answer the phone two weeks later, and he can hear his own heartbeat when you don’t immediately respond. 

“I-if you’re sure.” You answer, and it’s the first time you’ve deferred to him outside of play. Gave him an out. No sugar crystal smile in tepid coffee. 

He wishes he could see your face.

“I��m sure.”

so...how are we holding up? :) find the rest of the masterlist here.

[easyblogs]

Step-by-Step Guide to E-Filing Form 2290 with a Trusted Provider

You are a truck driver; you know that to keep your rigs moving without any kind of violation, the form 2290 needs to be made. Be assured that doing it online through form 2290 e-filing is not too tough or stressful if you're doing it with a trustworthy filing provider. Just follow this step-by-step procedure to help you file your Form 2290 Online with ease via electronic means, assisted by a trusted filing provider. Step 1: Select a Reliable E-Filing Company First, select a reputable and authentic seller for the e-filing of Form 2290. The company you want to select should be an IRS-authorized company; besides this, it must have positive reviews from thousands of truckers. That way, your filing process would be safe and soundless. Second Step: Creating An Account Then you are guided to their website for a registration process where they require you to provide them with some personal details such as your name, email address, and EIN number. Then, they will keep this information confidential and monitor your filing status. Add Truck Information Once you create your account, you are required to fill in as much information regarding your truck(s) as possible. Information includes; Vehicle Identification Number, gross weight of your vehicle, and date that has brought it to public highways during a tax period. Step 4: Review Your Form Ensure all details given are cross-checked prior to uploading. Check if truck detail contains EIN are correctly added. In fact, even some legitimate providers also allow error-checking capability and thus reduce the likelihood of most often encountered errors. Step 5: HVUT Payment You are supposed to pay the HVUT depending on the amount of how much your vehicle has consumed, in terms of its weight or mileage. There is always more than one way that reliable e-filing service providers give a person to pay HVUT, that include credit cards or direct transfers to banks. Step 6: File and Get Your Signed Schedule 1 Once you fill it out and pay for, you will submit your application. You get an instant process of e-filing through a valid filing service that will forward to you a signed Schedule 1 with proof of filing your tax. This will be conveyed to you via email in minutes. Step 7: Safe Custody of your Documents The copy of it must be kept in your record, so you will have easy access when receiving your schedule 1, especially for your vehicle's re-registration. Conclusion Use E-file Form 2290 with a professional e-file service provider- fast, easy, and stress-free. No more paper filing headaches. Pay your tax on time, so your truck hits the road without a hitch. Happy Trucking!

[eldmandate339]

How to Get Your First Clients When Starting a Trucking Business with One Truck in Canada

Starting a trucking business with one truck in Canada can be an exciting yet challenging venture. With the right strategies, you can attract your first clients and set the foundation for a thriving business. In this blog, we’ll explore actionable steps on how to get your first clients when starting a trucking business with one truck in Canada, ensuring you’re on the path to success.

. Understanding the Canadian Trucking Market

Before diving into client acquisition, it’s essential to understand the trucking market in Canada. The industry is diverse, catering to various sectors such as agriculture, retail, and manufacturing. Identify the niches where your single truck can make the most impact. Conduct market research to determine the demand, competition, and the type of services that are most needed in your area. By understanding the market, you can tailor your services to meet specific needs, making your business more attractive to potential clients.

. Leverage Your Network

One of the most effective ways to get your first clients when starting a trucking business with one truck in Canada is to leverage your existing network. Reach out to friends, family, and acquaintances who might need trucking services or know someone who does. Attend industry events, local business meetups, and join trucking associations to expand your network. Word-of-mouth referrals can be incredibly powerful, especially when you’re just starting out. Make sure to communicate the value you offer, such as reliability, competitive rates, and personalized service.

. Build an Online Presence

In today’s digital age, having an online presence is crucial for any business. Create a professional website that clearly outlines your services, pricing, and contact information. Optimize your website for search engines by including the exact keyword how to get your first clients when starting a trucking business with one truck in Canada in your content. Consider starting a blog where you share industry insights, tips, and updates about your business. This not only helps with SEO but also positions you as an expert in the field.

Additionally, make use of social media platforms like LinkedIn, Facebook, and Instagram to connect with potential clients. Share relevant content, engage with your audience, and use targeted ads to reach businesses that may require your trucking services.

. Offer Competitive Pricing and Flexible Terms

When you’re new to the market, offering competitive pricing can be a great way to attract your first clients. Research what your competitors are charging and aim to offer better rates or added value, such as flexible payment terms or faster delivery times. However, be cautious not to underprice your services, as this could lead to unsustainable business practices. Highlighting any unique selling points, such as personalized customer service or specialized hauling capabilities, can also help you stand out.

. Partner with Local Businesses

Local businesses are often in need of reliable trucking services, and they can become your first steady clients. Reach out to manufacturers, retailers, and distributors in your area, offering your services and explaining how you can help them streamline their supply chain. Building strong relationships with local businesses can lead to long-term contracts and referrals, providing a stable income as you grow your trucking business.

. Utilize Online Load Boards

Online load boards are platforms where shippers post loads that need to be transported, and truckers can bid on these jobs. Websites like Loadlink and Truckstop.com are popular in Canada and can be a valuable resource for finding your first clients. By being active on these platforms and responding promptly to job postings, you can secure your first few gigs and start building a portfolio of satisfied clients.

Starting a trucking business with one truck in Canada requires strategic planning, market understanding, and effective client acquisition strategies. By leveraging your network, building an online presence, offering competitive pricing, partnering with local businesses, and utilizing online load boards, you can successfully secure your first clients and set the stage for long-term success.

At eldmandate, we understand the challenges of starting a trucking business and are here to support you every step of the way. Remember, knowing how to get your first clients when starting a trucking business with one truck in Canada is just the beginning—delivering exceptional service will keep them coming back.

[invoicefactoringtriumph]

How to Select a Trucking Fuel Card: Your Ultimate Guide

Choosing the right fuel card for your trucking business can significantly impact your operational efficiency and cost savings. With numerous options available, it's essential to make an informed decision. This guide on how to select a trucking fuel card will help you navigate the various choices and find the best fit for your needs.

Why Fuel Cards Matter

Fuel cards are more than just a payment method for fuel. They offer features like discounts, tracking, and reporting, which can streamline your operations and improve cash flow. Let's explore the key aspects of selecting a trucking fuel card.

Best Trucking Fuel Cards: What to Look For

When searching for the best trucking fuel cards, consider the following factors:

Fuel Discounts: Look for cards that offer substantial discounts on fuel purchases. These savings can add up quickly, reducing your overall fuel expenses.

Network Coverage: Ensure the card is accepted at a wide range of fuel stations along your routes. Limited acceptance can lead to inconvenience and higher costs.

Additional Benefits: Some fuel cards offer perks like maintenance discounts, toll payments, and lodging discounts. These added benefits can enhance the value of the card.

Trucking Fuel Card Selection Guide

Here’s a comprehensive trucking fuel card selection guide to help you choose the right one:

Assess Your Needs: Understand your business's specific needs. How many trucks do you operate? What routes do they cover? What are your average monthly fuel expenses? Answering these questions will help narrow down your options.

Compare Features: Look at the features offered by different fuel cards. Do they provide real-time tracking, detailed reports, and fraud protection? These features can help you manage your fleet more efficiently.

Check Fees and Charges: Be aware of any fees associated with the card, such as transaction fees, annual fees, or minimum usage requirements. These can affect your overall savings.

Choosing the Right Fuel Card for Truckers

Choosing the right fuel card for truckers involves more than just picking the card with the highest discounts. Consider the following:

Customer Service: Reliable customer service is crucial. You want a provider that can quickly resolve any issues that arise.

Flexibility: Some cards offer flexible payment terms, which can be beneficial for managing cash flow.

Integration with Other Services: If you use other financial or fleet management services, check if the fuel card can integrate with them. This can streamline your operations and provide comprehensive insights into your expenses.

Fuel Card Options for Truckers

When exploring fuel card options for truckers, here are some popular choices:

Shell Fleet Navigator Card: Known for its extensive network and robust reporting features.

Pilot Flying J Fuel Card: Offers excellent discounts and is widely accepted across major routes.

Comdata Fuel Card: Provides comprehensive expense management tools and is ideal for large fleets.

Trucking Fuel Card Comparison

A thorough trucking fuel card comparison can highlight the pros and cons of each option. Consider creating a comparison chart that includes:

Discounts Offered: Note the average savings per gallon.

Network Coverage: List the major fuel stations where the card is accepted.

Additional Benefits: Highlight any extra perks like maintenance discounts or toll payments.

Fees and Charges: Include any applicable fees to understand the true cost of using the card.

Selecting the right fuel card is a crucial decision for any trucking business. By following this guide on how to select a trucking fuel card, you can make an informed choice that maximizes savings and enhances operational efficiency. Remember, the best trucking fuel cards offer more than just fuel discounts—they provide valuable tools and benefits that can streamline your business and improve your bottom line. Use this trucking fuel card selection guide to evaluate your options carefully and choose the one that best meets your needs.

[afktrailerlease]

Lease a Trailer in 5 Simple Steps: Expert Insights

Have you ever thought about reefer trailers for lease? This post will guide you through the process.

Posted & Reviewed by AFK Team.

Trucking businesses and individuals contemplating reefer trailers for lease have much to consider.

Reefer trailers, also known as refrigerated trailers, are essential in transportation. They keep perishable goods at specific temperatures, ensuring they stay fresh during short, long-distance journeys.

Leasing reefer trailers can be cost-effective for many businesses, but how does one navigate the leasing process?

This guide simplifies learning the basics, understanding the costs, and finding the right trailer leasing options for your needs.

Step 1: Understanding Reefer Trailers and Leasing Options

First, you’ll need to know what type of reefer trailers (Wikipedia) you need. Your purpose in using the trailer will guide your choice.

What are reefer trailers?

These temperature-controlled trailers, equipped with refrigeration units, actively maintain a consistent climate for transporting perishables like food and pharmaceuticals.

They keep goods at the right temperature, no matter the weather outside.

Leasing a reefer trailer is a smart choice for many businesses in the trucking industry. It provides flexibility and reduced expenses compared to purchasing a trailer outright.

Addressing the question, “Can you lease a reefer trailer?”

Absolutely! Many operators prefer leasing because it offers lower upfront investment and maintenance cost benefits.

Step 2: Establishing Your Leasing Budget

Next, determine your leasing budget. The amount you wish to spend can shape your lease agreement.

How much does it cost to lease a semi-trailer?

The lease cost for a reefer trailer depends on how long you lease it, its age and type, and your lease deal’s specifics.

On average, a semi-trailer lease can cost between $1,000 and $4,000 monthly (request a callback).

Setting a clear budget that aligns with your business operations is essential.

Step 3: Finding Reefer Trailer Leasing Near You

For those seeking to lease locally, searching for reefer trailer leasing near me can yield a list of potential providers.

Proximity can be a factor in reducing costs related to delivery or pick-up of the trailer.

Plus, local providers can offer more personalized customer service.

[Book a Call with AFK Trailer Lease — A Top-rated Company.]

Step 4: Partnering with the Right Leasing Company

Not all trailer leasing companies operate on the same level.

It’s crucial to partner with a company that understands the needs of trucking businesses.

Search better by checking if the company is well-known, what leases they have, and if their contracts are flexible.

Step 5: Special Considerations for Owner-Operators

For independent truckers, trailer leasing for owner-operators is a critical topic.

Truck drivers running their businesses should choose affordable leases that work well. They often have less room for extra costs compared to bigger companies.

There you have it: leasing a trailer in 5 simple steps. This process offers cost benefits!

Below are some hot topics to discuss before you call a company.

Diving Deeper into the Lease Agreement

Thoroughly review the lease agreement terms.

According to Contracts Counsel, the lease agreement should clarify payment schedules, deposits, responsibilities for insurance and maintenance, and the return conditions of the trailer.

Make sure you cover these parts and that they match your needs before you sign.

Taking the Final Steps

Once you have researched and pinpointed the best deals, the last step is to sign the lease and take possession of your reefer trailer.

But slow down at the end.

Review everything carefully and ensure you’re happy with the deal and the trailer’s shape before you agree.

Bottom Line

Renting a reefer trailer can be good for trucking companies and single truck drivers. It can save money, offer freedom, and make sure you have the right gear.

Understanding how to lease a trailer, comparing leasing providers closely, and grasping the nuances of the agreement are all fundamental for a successful lease experience.

Experts Thoughts

Leasing a reefer trailer doesn’t have to be a complex endeavor. Knowing what you need, planning your budget, and picking the right company can make leasing a smart step for your trucking needs.

Want tips on trailer leasing, how it can help your business, or choosing rent or lease? See our simple guides.

Tips for Optimizing Trailer Leasing Experience

Benefits of Trailer Leasing for Your Business

Rent vs. Lease Trailers

When prepared and well-informed, leasing a reefer trailer becomes a straightforward journey!

[triumphif]

Enhancing Trucking Profitability with Fuel Discount Programs and Fuel Cards

In the ever-evolving landscape of the trucking industry, cost management is a paramount concern for owner-operators and trucking companies alike. One effective solution that can significantly impact the bottom line is the utilization of fuel cards and fuel discount programs. This article will explore the benefits and advantages of using fuel cards for owner operators and fuel cards for trucking, shedding light on how they can revolutionize the way you manage your fleet's fuel expenses.

Fuel cards, often referred to as truckers' fuel cards, are more than just a convenient payment method for purchasing fuel. They are powerful tools that offer a range of features and benefits tailored to the specific needs of the trucking industry. By leveraging the capabilities of fuel cards, truckers can gain access to discount fuel, streamline expenses, and maximize savings.

Streamlined Fuel Purchases: Fuel cards for truckers make fuel purchasing a seamless process. They work like traditional credit or debit cards, allowing truckers to pay for fuel at the pump or inside the station. No more hassle with cash transactions or reimbursement requests. It's quick, easy, and efficient.

Fuel Discounts: One of the key benefits of fuel discount card is the access to fuel discount programs. These programs provide substantial savings on fuel purchases. The discounts can vary, but on average, they can save truckers and trucking companies up to 10% on fuel costs. These savings can significantly boost profitability over time.

Customizable Controls: Many fuel cards come with the ability to set controls and restrictions. This feature can be particularly beneficial for owner-operators who want to ensure that their drivers use the card exclusively for fuel purchases. It adds an extra layer of control and oversight.

Detailed Reporting: Trucking fuel cards offer detailed reporting and analytics tools, allowing you to keep a close eye on fuel expenses. You can track every transaction, monitor fuel consumption, and identify any irregularities. This data can be invaluable for budgeting and cost analysis.

Nationwide Acceptance: Truckers' fuel cards are widely accepted at fuel stations across the country, making them a convenient choice for long-haul truckers. This means that no matter where your routes take you, you'll have access to discounted fuel.

Fuel Rewards Programs: Many fuel cards also come with fuel rewards programs. These programs offer additional benefits, such as cashback rewards or loyalty points for fuel purchases. Over time, these rewards can add up and provide extra financial incentives.

Reduced Administrative Burden: For trucking companies, fuel cards simplify administrative tasks related to expense management. They eliminate the need for time-consuming paperwork and reconciliation, as all transactions are tracked electronically.

Cash Flow Management: Fuel cards can help with cash flow management. Since fuel expenses are a significant part of trucking operations, being able to control and predict these costs more effectively can lead to improved financial stability.

Utilizing truckers' fuel card and fuel discount programs is a strategic move that not only benefits your bottom line but also enhances the efficiency and competitiveness of your trucking business. Here are a few additional tips to make the most of these valuable tools:

Compare Different Card Providers: Not all fuel cards are created equal. It's essential to compare providers, their fees, and the range of discounts and benefits they offer. Choose the one that aligns best with your specific needs and routes.

Educate Your Drivers: Ensure that your drivers are aware of the fuel card program's terms and conditions, and encourage them to use the card responsibly. This will help you maximize the benefits and prevent misuse.

Combine Savings Strategies: You can further enhance your savings by combining fuel discounts from your fuel card with other cost-saving practices. This might include optimizing routes, maintaining fuel-efficient equipment, and keeping your fleet well-maintained.

Stay Informed: The trucking industry is continually evolving, and so are the fuel discount programs and fuel card for truckers. Stay informed about the latest developments and new offers to maximize your savings.

In conclusion, fuel cards for owner operators and fuel cards for trucking are powerful tools that can drastically improve your fleet's profitability. The combination of streamlined fuel purchases, significant fuel discount, and comprehensive reporting makes these cards a game-changer in the trucking industry. Additionally, when you leverage fuel rewards programs, you can amplify your savings and make your operations even more cost-effective.

By taking advantage of these fuel-focused solutions, you're not just controlling expenses; you're also boosting your bottom line. So, if you're looking for ways to optimize your trucking business's profitability, consider implementing fuel cards and fuel discount programs today. These tools will not only reduce your fuel costs but also provide the financial edge you need in this competitive industry.

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Zero Down Semi-Truck Financing

Unlock the Road to Success! Need a powerful rig to take your business to new heights? Look no further! Hub City Lending offers an unbeatable opportunity to finance your dream semi-truck with ZERO down payment. Whether you're a seasoned trucker or a budding entrepreneur, our hassle-free process and flexible terms make ownership a reality. Don't let financial barriers hold you back; hit the highway with confidence, as we cover the upfront costs. Drive towards prosperity with Hub City Lending's trusted and reliable solutions. Your journey to success starts here!

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The Way To Open A Factoring Company In 2023 Business Plan

Our El Paso factoring programs supply many advantages to small and mid-size businesses. First, we remove the cash-flow gap brought texas factoring companies on by slow-paying clients. You’ll have the money you have to pay payments, meet payroll, spend money on new resources and more.

Take advantage of our giant network of bill factoring companies in Los Angeles and throughout California. Factor Finders will quickly match your small business to a CA factoring company that offers immediate funding. When your corporation operation wants money, we respond instantly. We allow you to manage your invoices and accounts receivable with our credit score and collection services. In addition to Texas factoring, we manage business credit and supply cash in your growing business wants. By selling your invoices to a factoring firm, you probably can obtain a fast, debt-free infusion of money to cover your bills and put money into growth alternatives.

At Apex, we care about our clients, our partners, and one another. We convey you open and sincere communication, reliable and efficient service, and personal consideration every single day. Our people, the owner-employees of Bankers Factoring, care about their business as a lot as you care about yours. Fellow entrepreneurs honestly working collectively leads to success in enterprise. Your account govt might be with you each step of the finest way that can help you handle your factoring account.

David has the showier character, a nice contrast to Dean’s more reserved demeanor. David had come to the end of his tenure at National Truckers Services (NTS), the corporate that launched him to freight factoring first-hand. Dean worked for Cantey Hanger LLP, thought-about the second oldest legislation agency in Texas. Their introduction set in movement a six-month period of planning and strategizing. David would eventually cash-out his 401(k), and Dean offered essential funding cash within the new startup firm.

Bankers Factoring is the leading invoice factoring and PO Funding company within the San Antonio area. As an employee-owned company, we're dedicated to serving to our purchasers grow their companies in San Antonio by providing fast access to working capital by way of our PO & Factoring Programs. Bankers Factoring is a Texas Invoice Factoring company providing services within the San Antonio Metro area. We provide working capital for rising businesses, entrepreneurs, and any firm with money circulate problems. Contact Bankers Factoring now to talk with our employee-owners to learn the way we help San Antonio businesses with cash flow points. Have you ever turned down or averted a model new gross sales opportunity due to a customer’s payment terms?

If you use a trucking firm, and your transport clients and freight brokers have good credit but are gradually paying their freight bills, then you must contemplate freight invoice factoring. Not solely do you get money advances, but you usually receive other benefits similar to fuel playing cards; gasoline reductions;  or tire and upkeep low-cost packages. Triumph is a leading provider of money move management companies for the trucking industry. Triumph supplies a unified product offering that features bill factoring, gasoline discount programs, truck and cargo insurance coverage, and entry to tools finance, banking, and treasury services. The Lone Star State is residence to an enormous array of accounts receivable financing companies, each with its personal unique method of factoring.

[vivacapital19]

Freight Factoring Companies Texas

The luncheon was hosted by the University of Texas of the Permian Basin (UTPB) Small Business Development Center. During the occasion, attendees had been capable of engage with panelists and get professional advice on accounting, legal, financing, and accounts receivable financing issues. Panelists included Mike Dunlap, CPA at Dunlap & Company; Jack Najarin, Attorney at Todd Law ... Prior to joining Gulf Coast Business Credit (GCBC) in April 2012, Landry worked for a staffing company whereas completing his Masters of Business Administration from Southeastern Lou...

The time worth of money becomes important in these conditions, and it seems to be the norm that the bigger the consumer, the slower they pay. This is particularly true in the staffing trade the place payrolls must be met on a weekly or bi-weekly foundation. But clients pay in a 45 to 60 day interval Factoring companies in texas subsequent to receiving their invoice. Whatever the reason, money move is the important thing component in building and rising a robust enterprise, and if this is your hope for the company you symbolize as a CFO, then factoring your receivables might be the answer.

With Fundbox Flex Pay you can have peace of thoughts that important business bills may be paid on time. Everything we do at Third Coast Commercial Capital, Inc. is geared toward making your corporation successful. We are devoted to offering superior service, to guarantee that your small business is growing, and adapting to altering market circumstances. We know you would you rather spend your time constructing Factoring company houston tx your company as a substitute of waiting to get paid. At Third Coast Commercial Capital, Inc., we provide working capital options that can let you grow your organization. The expertise supplies a quantity of benefits, similar to sending and receiving product data transparently and storing customers’ detailed info securely for the following purpose.

Our service also includes many different assist options corresponding to Free Customer Credit Checks and Collections Management. For instance, a enterprise in the development business is taken into account riskier than extra Houston factoring company traditional businesses, so the advance fee may be nearer to 60%. In contrast, businesses within the transportation industry are thought-about the least dangerous and advance rates may span up to 97%.

Third, factoring may help businesses enhance their cash circulate and financial stability. By selling excellent invoices to a factoring company, companies can receive cost immediately, quite than waiting for patrons to pay. This might help companies avoid money circulate issues, build up their credit rating and improve their financial outlook.

In order to keep our economic system shifting, trucking companies in Laredo want entry to working capital and keep a strong cash move. When receivables are on staggered cost schedules of 30, 60, and even ninety days, it could trigger a serious Houston factoring companies financial pressure for fleet homeowners and unbiased truckers alike. To eliminate the wait of staggered payments schedules, increase cash move, and obtain growth, the trucking sector in Laredo, TX uses freight factoring from Express Freight Finance.

Give us a call to be taught extra about what invoice factoring can do for you. Founded in 1969, Riviera Finance is nationally acknowledged as a pacesetter in enterprise financing. Riviera Finance offers full-service, non-recourse invoice factoring to rising companies. With over 20 years of experience funding a wide range Top factoring company Houston of companies, Viva Capital Funding, LLC, is the highest factoring company in Texas. Get in contact to learn the way we can help you improve your cash flow and support your corporation aspirations.

We’ll send your freight bill to your buyer as properly as collect the payment out of your customer in accordance with the payment terms corresponding to 30 days. As lengthy as you promote to different companies, we'll probably take you as a client, and we'll have someone assigned to your account who knows your sector well. Most of our clients use our companies each month because of the flexibleness of same-day payments and no month-to-month minimums.

Alternatively, the rate could begin at 2% and remain there for the primary 30 days, growing in set increments after that. Roy Brooks, owner of American Commercial Capital, has over 20 years of expertise within the bill manufacturing unit trade and is fully involved in the company’s marketing, credit score evaluation, and day-to-day operations. He even created the proprietary computerized Accounts Receivable Tracking System that American Commercial Capital uses as a cornerstone of its operations.

The factoring company will then subtract any fees or charges and pay the rest to the business. TAFS operates as a recourse-only factoring company, which means that if a buyer fails to pay their bill, you’ll be liable to pay for TAFS’ services Houston factoring companies. AltLINE additionally offers accounts receivable (AR) financing, a useful addition for companies preferring to retain control of their funds course of.

[vivacapital28]

Transportation Factoring Company A Tutorial

While Apex is an effective selection for businesses of any size, it does require slightly extra planning than some other factoring companies. Though there are not any termination fees for contracts with Apex, while you are beneath contract, Apex demands that you factor all of your invoices via them. This sets them other than some other factoring companies that permit you to choose and select which invoices you wish to factor, even when you’re beneath contract. That provides you the liberty to decide which invoices make monetary sense to factor and which you'd somewhat not pay the share that's collected by the factoring company.

Another profit truckers and logistics managers can get pleasure from from the best factoring companies and the providers they provide is the potential for same-day deposits. With the factoring company backing the invoice and taking up the danger of combating for invoice payment, it permits trucking companies to enjoy factoring companies for trucking industry quicker funds and higher cash circulate alternatives. Factoring providers for trucking companies make monetary administration easier and more streamlined which allows for bigger alternatives for growth, enlargement, and success.

Wherever you would possibly be and wherever you have to go, Commerce Commercial Credit supplies reliable, handy and expedited freight factoring companies. Payments to trucking companies and independent proprietor operators for shipments transported can take days, weeks or even what is a factoring company in trucking months to be completed. For carriers and owner operators, delays in payments can have negatively impact money circulate and make it difficult for both to pay incoming payments.

Freight factoring funds flow directly into the freight company’s checking account. This permits enterprise homeowners to pay drivers, purchase fuel, pay for repairs, and pull extra masses. And as a result of this funding occurs rapidly, these tasks could be accomplished on-time.

This implies that your business won’t be in debt or have to make regular funds. Another benefit of using a factoring company is the help in your back workplace. If your trucking company is new to the industry, you what is factoring in the trucking industry may want extra assist with managing the communication, billing, and collections for invoices. With factoring, the factoring company will handle these duties, removing the burden on your trucking enterprise.

After considering all of those elements, we chosen the seven finest choices. RTS Financial is the best for trucking companies due to its ease of use and expertise in the industry. The biggest downfall to the funding process is that you can't apply online and must contact a consultant to help you by way of the applying course of. If you need to get a general idea of your funding options with out talking to anybody, this isn't a good match for you. Instead of ready for the shopper to pay their bill, the enterprise sells it to a factoring company at a discount.

In principle, consumers can get up to 97% of their invoice prematurely. Due to RTS’s lack of openness regarding its pricing, this statistic comes with a quantity of caveats that make it more sophisticated. Even after talking with their buyer care department, it might be difficult to identify precisely what fees you might be responsible fuel discount card for truckers for paying. The essential point to recollect is that factoring shouldn't be confused with lending. When a factoring company purchases your bill, that invoice belongs to the corporate. With factoring, drivers and businesses are able to get paid in advance — and use these funds to select up new loads — with out having to get a loan or incur debt.

Finding the best factoring company for your trucking business is key, especially since most truckers develop a long-term relationship with the trucking factoring company they choose to work with. Both factoring and invoice financing provide immediate money based mostly on the value of your invoices. The main differences are who collects the invoices out of your prospects and the way funds are made to the lender. With factoring, the factor or financial institution buys the invoices from your business and will end up amassing the fee from your customers. Many totally different industries use factoring, however the most typical are staffing and trucking.

Factoring companies that handle freight recorded the very best average bill dimension for greater than 16 consecutive months on this interval. To illustrate, a typical dry van freight service that averaged $2.16 per mile before COVID-19 ended up averaging $2.96 to $3.25 per mile during this era. This 12 months, nonetheless, logistics and distribution channels have been shocked by the sudden rate increases on freight, which ranged from 30% to 50%. This happened on high of a 400% improve for inbound container freight from China. To put this in perspective, these companies averaged $18,000 compared to a meager $4,500 average during previous years. Unprepared for such increases and unable to offset these increases to their patrons, importers and retailers have been obliged to absorb deep losses in earnings.

The extra info you provide the simpler it's for a factoring company to discover out if you’re an excellent fit. As a possible customer of a freight factoring company, you need to understand how they calculate risk. This lets you current your small business in one of the best light possible.

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Freight Invoice Collections for Truckers: Tips and Strategies

Freight invoice collections can be a headache for truckers, especially small business owners. Late payments and unpaid invoices can lead to cash flow problems, making it difficult for truckers to pay their bills and operate their business. Fortunately, there are strategies and tools that truckers can use to improve their freight invoice collections and minimize payment delays.

In this article, we'll explore some of the best practices for freight invoice collections for truckers. We'll cover topics such as invoicing best practices, payment terms, late payment penalties, and collections agencies.

Invoicing Best Practices

The first step in improving your freight invoice collections is to ensure that your invoices are accurate, detailed, and timely. Your invoice should include all the necessary information, such as the date, invoice number, customer name and address, and a detailed description of the services provided. Make sure your invoice is easy to read and understand, so that your customer can quickly process it and issue payment.

Another important best practice is to send your invoices promptly. Delaying your invoice submission can result in payment delays, as your customer may have already allocated their budget to other expenses. Consider automating your invoicing process to ensure that invoices are sent promptly and accurately.

Payment Terms

Payment terms are the agreed-upon time frame in which your customer is expected to pay your invoice. As a trucker, you should establish clear payment terms with your customers before providing any services. This will help to avoid any confusion or disputes later on.

Consider offering incentives for early payment, such as a discount or free service. This can encourage your customers to pay your invoices promptly and reduce your collection time.

Late Payment Penalties

If your customer fails to pay your invoice on time, it's important to have a clear policy for late payment penalties. Late payment penalties are fees charged to customers who fail to pay invoices on time. The penalties should be clearly outlined in your invoice and contract terms.

Late payment penalties can be a powerful tool to encourage prompt payment. However, it's important to be fair and reasonable with your penalties. Excessive penalties can damage your relationship with your customer and result in lost business.

Collections Agencies

If you're struggling to collect on unpaid invoices, you may want to consider using a collections agency. Collections agencies are specialized firms that are trained to recover unpaid debts. They have the resources and expertise to locate and collect from customers who are late on payments.

When choosing a collections agency, look for one that specializes in freight invoice collections for truckers. A specialized agency will understand the unique challenges that truckers face in collecting on unpaid invoices. They will also have the expertise to navigate the legal and regulatory requirements for collecting on debts.

In conclusion, freight invoice collections for truckers can be a challenging and time-consuming process. However, with the right strategies and tools, you can improve your collections and reduce payment delays. Invoicing best practices, clear payment terms, fair late payment penalties, collections agencies, and software solutions are all important tools to consider. By implementing these freight invoice collections for truckers strategies, you can streamline your collections process and focus on growing your business.

[bitcofun]

The world fasts to blame inflation for the increasing costs at supermarket and sellers. This was the # 1 political concern for current Election Day citizens in the United States. Media sources just recently reported survey information that 85% of Americans might not manage to invest $200 on a Thanksgiving meal in November 2022, and just 25% might manage $100.Couple of acknowledge inflation is just part of the issue. Greater expenses for product or services are likewise straight attributable to settlement charges paid by transport suppliers who are required to get the equivalent of payday advance versus their freight billings.Carrier payment terms in the transport market areunderstood to be outrightand the majority of transport providers can not pay for to wait 30-- 180 days to earn money. When a provider aspects, it promises the collection rights in its balance dues to the bank and, in exchange, the bank advances money in about 10 company days.By market averages, this expense to providers is 3% of every receivable-- frequently intensifying approximately a 25% annualized rates of interest. The bank then waits the 30-- 180 days and gathers straight from the freight carrier. If inflation is considered a quiet tax, billing factoring is a 2nd layer of quiet taxes on whatever we purchase.More than 1 million U.S. trucking business are factoring 100% of their billings, and 50% of third-party logistics business are too. Due to inflation, bigger transport business are likewise losing 3% or more of their billing worths when waiting over 60 days to earn money by carriers. These expenses produce greater freight rates, and the excesses eventually drip down to every home and customer.Repairing a damaged supply chain by choosing the blockchainTruckCoinSwap (TCS) is a fintech and freight-tech business making use of a blockchain-integrated mobile app to offer quick and complimentary freight receivables settlement to transport business. TCS is noted on CrossTower in the U.S. and abroad in 80 nations, and is now likewise noted on Uniswap.Chief innovation officer Jake Centner discussed:"Centralized exchanges can work effectively, and the group could not be more happy with the relationships TCS has actually made. The TCS token should likewise have a decentralized exchange and non-custodial choice in the environment for transport business and holders. Uniswap has actually been the gold requirement in this area."To that end, TCS has actually produced a procedure and platform similar to how providers are settling now, with one included action. A couple of days after submitting freight files into the TCS mobile app, a push notice is sent out and settlement is provided in the real-time U.S. dollar (USD) worth of TCS tokens.The provider can then accept settlement through direct deposit from TCS. After getting the balance in its crypto wallet, the provider can right away offer through its exchange market to gain back USD liquidity. By taking settlement by means of TCS, and having the ability to offer in a matter of minutes, providers prevent both factoring expenses and crypto volatility.By market averages, TCS approximates every factoring freightliner can regain a substantial part of its net income. In the supply chain, lowering operating expense makes transport business more solvent and uses down pressure on freight rates. In time, the expenses of items and, more particularly, food rates, can reduce.Relating to the business's adoption, CEO Todd Ziegler shared:"TCS currently has actually truckers associated with the beta, and we were simply approached by 2 more big strategics. One has 223 trucks. The 2nd is among the biggest business in the U.S. handling freight files, with over 500,000 transport users. It speaks volumes that these business are currently thinking about incorporating with TCS."The future of freight and blockchainPreviously this month, TCS provided its service at the Future of Freight conference to over 20,000 guests and has actually because

gotten traction in both the crypto and transport neighborhoods with functions in FreightWaves, service publications and other associated media.With lots of tactical relationships currently in play, TCS thinks it remains in a strong position to assist bring the transport market forward into web3. In expecting the crossway of the 2 markets, Ziegler provided:"Following current court judgments and the velocity of the DCCPA [Digital Commodities Consumer Protection Act] on Capitol Hill, we're visiting U.S. crypto exchanges remove numerous coins. Lots of exchanges are currently having a hard time for income and AUM [assets under management]and they're not going to stick their necks out in the wake of FTX. The jobs without any genuine usage case will be the very first to go, and the digital possessions with worth proposals to market will see higher market share."Product is supplied in collaboration with TCSDisclaimer. Cointelegraph does not back any material or item on this page. While we focus on supplying you with very important info that we might acquire, readers must do their own research study prior to taking any actions connected to the business and bring complete obligation for their choices, nor can this short article be thought about as financial investment guidance. Learn more

[apolonia102812-newsletter]

Tokenization at the crossroads of the trucking industry to ensure efficient payments

The trucking industry is one of the most important sectors in the world. According to recent statistics, the global freight trucking market was worth over $2.7 trillion in 2021. In addition, it’s been found that millions of commercial driver’s license holders are employed by trucking companies within the United States, a market that is responsible for delivering 70% of all freight.

Given these statistics, it shouldn’t come as a surprise that technology has become a critical component for ensuring the advancement of the trucking industry. Yet while GPS tracking, autonomous driving and other mainstream technologies may be apparent, a couple of organizations are aiming to bring tokenization and decentralized finance (DeFI) to the trucking sector to advance its payment systems.

Faster, fairer payments for trucking companies

Philip Schlump, chief commercial officer and lead developer of TruckCoinSwap (TCS) — a Wyoming-based fintech and freight company — told Cointelegraph that there are more than one million trucking companies and third-party logistics firms in the United States relying on banking entities to get paid. Schlump, who is also a former truck driver, explained that this has become the case due to how the full truckload industry’s payment system operates. He explained:

“When a truck picks up a full load of potatoes, for instance, a bill of lading is generated. This is essentially proof that the trucker and the trucking company are responsible for the potatoes during the shipment period. Once the potatoes are delivered, the bill of lading becomes account receivable, yet it often takes a net 30 to 180 days for trucking companies to receive payments.”

While Schlump pointed out that smaller full truckload companies tend to have better payment terms, 45 days is the average time it takes within the United States for truck drivers to get paid. As a result, trucking companies have become reliant on factoring firms to help truckers receive quicker payments, as these entities ensure payments are made within 10–14 days.

Yet, Schlump noted that this alternative eats away at drivers’ salaries. “Factoring companies typically charge 3% gross on every invoice, so a 20–25% interest rate is annualized over the term. These banking entities are collecting up to 90% of net revenue on every load simply because most carriers cannot wait the industry standard of 30–180 days to be paid directly by shippers,” he remarked.

Schlump believes that tokenization can potentially solve this problem. For example, Schlump explained that TCS replaces factoring companies with a token-based settlement service that allows trucking companies to get paid at face value within a few days. In order to ensure this, Schlump explained that TCS launched its “TCS Token” on the CrossTower crypto exchange in September this year. TCS will then work directly with trucking companies to buy a bill of lading using the tokens. He said:

“We are swapping the bill of lading for tokens. We are now able to pay trucking companies at the face value for their bill of lading, and they get instant liquidity in return by selling TCS Tokens.”

TCS CEO Todd Ziegler explained that when TCS swaps TCS tokens for collection rights in a shipper invoice, the trucking company is settled and can then sell their TCS on the crypto exchanges to get U.S. dollar liquidity. TCS then owns the collection rights in the shipper invoice and waits for the shipper to pay TCS. He noted that TCS does not engage in any sort of lending or financing.

Although this process may sound complex, Schlump believes that such a model could result in a $20,000 to $60,000 income increase for truck drivers. Ziegler said that the firm is beta-testing the mobile app with trucking companies “to ensure the process is totally frictionless.”

TCS isn’t the only company using tokenization to advance trucking payment systems. Myron Manuirirangi, founder of Truckonomics — an organization focused on fair salaries for long-haul truck drivers — told Cointelegraph that he also believes cryptocurrency, combined with blockchain technology, can be extremely beneficial for truck drivers.

Like Schlump, Manuirirangi is a former truck driver. Through this experience, Manuirirangi became aware of the fact that there is a shortage of truck drivers across the globe. “I started researching why this was the case and came to the conclusion that there is a shortage of truck drivers due to inadequate compensation.”

To put this in perspective, a FrieghtWaves article published in 2018 noted that a trucker in 1980 earned an average of $38,618. Almost 40 years later, in 2018, they earned around $41,000.

“The driver shortage isn’t a problem, but rather a symptom of a much larger issue that Truckonomics aims to solve with a token-based model,” said Manuirirangi.

By connecting GDPC with freight shipments, Manuirirangi believes that this will add intrinsic value to Truckonomic’s token. “As more trucking companies use GDPC, the more the price will be impacted.” In turn, truck drivers will be able to receive payments faster at much higher rates — as long as the token is used and becomes implemented on a crypto exchange. At the same time, Manuirirangi thinks that the blockchain component will help advance the trucking industry’s infrastructure.

“The trucking industry has needed blockchain for a while, yet no one has found a way to properly implement this technology. Having the GDPC token associated with Truckonomics can modernize the industry by helping pay the high costs associated with blockchain implementation, while also bringing transparency to freight shipments,” he said.

Is the trucking industry ready for DeFi?

Although tokenization and DeFi concepts have the potential to revolutionize payments within the trucking sector, a number of challenges remain.

First and foremost, getting truck companies and drivers involved with such business models could be difficult since cryptocurrency remains misunderstood by many individuals. Schlump is optimistic, however, noting that 21% of Americans are familiar with using cryptocurrency. He added that TCS has conducted internal surveys and has found that 17% of truck drivers are open to receiving crypto payments. He said:

“It becomes less challenging when there are a million trucking companies and you only need to work with about 500 to be successful. In terms of value, this can add thousands of dollars per year to trucker drivers’ salaries, so this generates positive attention as well.”

From a regulatory perspective, Schlump further mentioned that TCS Token is not an investment, as it functions as a commodity with a fixed supply. Moreover, he mentioned that TCS is a Wyoming-based company, a factor that has helped TCS gain regulatory clarity due to the state’s crypto-friendly stance.

While these points are notable, some industry experts believe that DeFi adoption by enterprises and institutions will be slow, given the sector is still in development. For example, Mike Belshe previously told Cointelegraph that while he believes DeFi will overtake traditional financial institutions, it will take at least another two to three years before real progress is made.

Yet real-world tokenization use cases may help speed up adoption. “We have a real-world use case, unlike many crypto-based projects. TCS is targeting a $500 billion a year market, with a significant dollar-value added when trucking companies run payments through our settlement service,” highlighted Schlump.

Meanwhile, trucking companies have been successfully implementing blockchain without cryptocurrencies. For example, Xavier Fernandez, chief technology officer and technical lead for Smart EIR — a blockchain-based container management system — told Cointelegraph that Smart EIR uses the Antelope blockchain network (previously EOSIO) to document the history of containers.

“We focus on the equipment interchange receipt, which is a form that is generated every time a container goes from one interchange point to another.” According to Fernandez, photographic data from these containers are stored on a private IPFS network, while metadata is stored on the Antelope blockchain network.

While Fernandez mentioned that this use case comes in handy for dispute resolutions, there is no cryptocurrency element involved: “Crypto volatility and regulatory concerns have created too much controversy. We are just using blockchain as a ledger, and a single source of truth to create trust within an ecosystem.”

CREDITS: Rachel Wolfson

DATE: Nov. 06, 2022

SOURCE: https://cointelegraph.com/news/defi-at-the-crossroads-of-the-trucking-industry-to-ensure-efficient-payments

[fresatechnologies]

The Code of Federal Regulations -  CFR

The term refers to the codification of the regulations published in the Federal Register by the Executive Departments and Agencies of the Federal Government of the United States.

It is classified into fifty labels that specify the larger regions subjected to federal regulation.

Shipping and trading of things internationally through sea or internal waterways impose some essential terms that vary from:

- Payment settlement - Area of Delivery - Time of Delivery - Protection cost - Threats and risks involve the shifts between the purchaser and the vendor - It refers to the Code of Federal Regulations, which is the codification of the regulations published in the Federal Register by the Executive Departments and Agencies of the Federal Government of the United States.

It is divided into 50 Titles that represent broad areas subject to Federal Regulation. Title 49 of the CFR is the Department of Transportation regulations that include hazardous materials transportation regulations and federal motor carrier regulations.

#fresa #freightsolutions #freightforwarding #import #TheCodeofFederalRegulations #CFR #billoflading #vessel #bestfreightforwardingsoftware #export #truck #trucker #freightforwardingsoftware #freightforwarders #freightmanagement #freightservices #freightbroker #freightliner #liner

[hubcitylanding]

Zero Down Semi-Truck Financing

Unlock the Road to Success! Need a powerful rig to take your business to new heights? Look no further! Hub City Lending offers an unbeatable opportunity to finance your dream semi-truck with ZERO down payment. Whether you're a seasoned trucker or a budding entrepreneur, our hassle-free process and flexible terms make ownership a reality. Don't let financial barriers hold you back; hit the highway with confidence, as we cover the upfront costs. Drive towards prosperity with Hub City Lending's trusted and reliable solutions. Your journey to success starts here!