Trucking Equipment

How to Equip A New Trucking Company

How do you equip a new trucking company? You’ve just purchased a brand new truck or a used one, you’re ready to make money in the trucking business and you’re ready to invest in good equipment to ensure your business gets the best results. You think you should use your truck leasing deal to finance a truck purchase. But what’s a good compromise between buying a truck and leasing it? The best plan would be to get the best value for the money you’re spending.

Equip A New Trucking Company: Get Started

Here are some tips to help you become a serious truck driver in no time.

Monetize your mileage

The trick to getting the highest utilization rate and highest yield is to maximize your mileage, and that means maximizing the value of your rental miles. It’s also a great way to get around government regulations that limit how much you can charge the customers for miles driven by paying for them through the lease agreement.

The hybrid solution

When you lease a truck, you can buy it at the end of the term. That’s basically the best option with larger trucks because you can lease the first year before buying. With a lease-purchase, you pay for the truck up front and lease the next four or more years, so once the lease has expired, you purchase it for the remaining amount. So renting is the best way to go for some trucks. For smaller trucks, you can purchase outright. It usually costs the same or less than leasing. But don’t buy if you don’t want to.

Get smart by buying a trailer or two

Before you make a truck purchase, consider buying a trailer. You can do it directly from the manufacturer. When leasing, the great deal of the power of a full load trailer is really limited. The truck has to tow it and carry it along. So consider purchasing it on your own, or possibly even renting it.

Get the best equipment

Not just trailers, but everything you need to be a winner in order to make a difference. There is a discernible difference between the newest equipment and the best equipment. Just because something is new doesn’t mean it’s the best available for the job. Do some research before you buy anything. Make sure your trailers, trucks, chains, tires, etc. are well-reviewed and praised by others in your industry. You’ll want to equip a new trucking company with the best hardware you can get so that it lasts. Don’t go with the cheapest or lowest bidder, but don’t buy the newest whizbang products either.

Rental trucks

Nothing can guarantee a high value for your truck purchase more than a good rental truck. You can bring a truck there and then leave it parked the next day. When you lease the truck, you usually have to take it out and use it. But if you rent it yourself, you’ll still be able to run it effectively and get some excellent returns.

Used Extra Trucks

No one says you can’t use a truck to earn more money. It’s wise to have a nice used truck for a kick here and there and a newer one to keep on hand for big business transactions.

Get Cash Flow

It’s hard to get any of the above ideas rolling without some cash. Once you’re ready to

Financial Trouble?

What Are Factoring Companies?

What are factoring companies? You may have heard about factoring, but may ask, “What is a factoring company?” Honestly, what are they doing? “Are there various types?”

What are factoring companies, and where can I find a good one?

A factoring company is a business that buys the invoices of another company. In principle, a factoring company offers factoring services to companies of various sizes of account factoring (or accounting factoring).

One crucial point to understand in a factoring business is that businesses do not borrow any money from a factor. There are many choices when looking for a factoring company to use. With typically very competitive rates, it is crucial to find a factoring company with a personal touch. Sunbelt Finance has a small staff of dedicated account managers that know their clients and speak on a first-name basis every day. Our approach makes it possible for businesses large and small to thrive because we care.

How Factoring

Are Trucking Logs Mandatory?

Are trucking logs mandatory? We get this question a lot. Here’s the short answer. Yes. Keep reading further for the details on how we got here.

The Commercial Vehicle Safety Alliance confirmed that it is fully enforcing a brand new regulation to its unpopular digital-logging-device (ELD) mandate on December 17. They are not using a “gentle enforcement” grace duration for truckers to adapt to the brand new rules.

The unique mandate came into impact two years ago. It was spearheaded with the aid of the Federal Motor Carrier Safety Administration, which oversees all of America’s commercial drivers, inclusive of its 1.8 million lengthy-haul truckers. The corporation said long-haul truck drivers had to both use a digital logging device or an automatic onboard recording device beginning in December 2017 and gave truck drivers a 3-month grace duration to adapt to the rules.

Really Though, Are Trucking Logs Mandatory?

The CVSA, which tasked with enforcing FMCSA policies through roadside inspections, stated it would implement the state-of-the-art solution to the FMCSA’s mandate without any allowances made for drivers switching from the antique onboard recording tool to the digital logging tool.

Is it really

Texas Bull

Factoring Companies in Texas? Sell Invoices Today!

Looking for factoring companies in Texas? Looking for a specific service only factoring companies in Texas can provide? If you answered yes to either of these questions, you are in luck. Sunbelt Finance has been serving many carriers based in Texas and we’re experienced with the nuances of Texas transportation and freight regulations.