2 Dawgs, 1 Pod.的动态

???? Frustrated with your cash flow in the trucking industry? I’m here to help! Let's talk about your specific challenges in a free strategy call, and I’ll provide personalized advice. Your feedback will help me tailor solutions for our niche. ????? https://lnkd.in/grxqvemU #TruckingIndustry #CashFlowChallenges #FreeStrategyCall

In the ongoing conversation about rate transparency, I see a lot of truck drivers and dispatchers talk about how much brokers make per load and some suggesting that a broker should be limited to a 5% margin across the board. You'll see talk of this a lot more on other platforms such as Facebook, X, and TikTok more than here on LinkedIn. Here's a few things I want to highlight that could help us all learn from each other. 1. The top 1% largest asset carriers control the VAST majority of TL freight in the US, so it is physically impossible for brokers to monopolize freight rates and drive truck pay down. 2. Freight brokers are intended to fill in the gaps, and help asset carriers get their trucks back to where they need to be. Small carriers and solo O/Os will never have longevity by just running broker freight off the spot market. They will thrive when the rates are good, and suffer when they are down. 3. Every asset carrier, no matter how small, needs to have their own direct freight, and supplement it by working with brokers - this does not include mega carriers, they don't need brokers. Just like an asset based trucking company, a brokerage has overhead too. Taking into account for office space, employee salaries, legalities, software, and every other cost of running a business, a smaller brokerage needs to profit $0.18-$0.25/mi per load in order to break even. Not to mention the amount of time and money that is spent getting enough customers and freight to reach that break even mark and then maintain profitability. If every brokerage was restricted to a 5% margin, they would all go out of business. In this market over the last year, brokers' margins have been squeezed, which is why many brokerages with too much overhead have been laying people off - and some key players filing for bankruptcy. I would love to see some of y'all thoughts on this. #ShipSentry #WeGuardYourFreight

HOW DO YOU INCREASE PROFITS AND CASH IN TRUCKING? STOP EVERYTHING! What?? Yes. Stop everything. Well.. Not really everything. We want to identify the sources of bleeding and stop them. More often than not, fleet owners will continue to do things the way they have been doing them without considering making a pivot. This could be the equipment, lanes, customers, fuel cards, fuel stops, mechanics, insurance, banks, financiers, or other business components that haven't been working. Could you stop long enough to identify the aspects that have not worked? It may be the one action to take your profits and cash you get to keep to a new level. This is effectively identified through financial tracking and analytics. Your integrity in this area is what will allow you to STOP and make powerful PIVOTS. To more profits and more cash! #myob #trucking #truckingsuccess #profits #cashflow

Lower interest rates may be a life-saver to financially struggling trucking firms. A two year freight recession has hit many carriers hard. Get the details here: https://lnkd.in/ePDdMu-U #trucking #freight #transportation #shipping

#Interesting and very #DESPERATE times ... if some carriers have embraced the concept of a "Loss Leader" just to keep the doors open. The concept of ... "Yea, we lose a $1 on every sale, but we'll make it up in volume" has #NEVER worked in retail and it definitely won't work here in trucking where it's #NOT $1 per load, but hundreds of dollars per load. I get it that there are some carriers that are just barely staying alive and hoping and praying the #CashFlow will keep them alive to fight another day. But losing money on loads, is #NEVER a good idea, especially when you are struggling. I personally know of one such TL carrier with over 400 trucks out of the Northwest that may not survive the month. I hope and pray that they do, for the sake of the drivers and employees. But when #Leadership is too proud to admit their mistakes, and unwilling to accept the recommendations of those wanting and willing to assist to help the carrier survive ... and even provide those services on a Pro Bono basis (for some that may not know the term, that's for #No #Charge) ... there's not much that friends or associates can do. Anyhow, enough about that ... read the article and I'm sure you'll walk away scratching your head. https://lnkd.in/gsvQDjCb

We are almost halfway through 2024, and many of the same challenges we faced at the beginning of the year are still present. You might be wondering, "When will this end?" and "What can I do to stay successful during these challenging times?" Check out our blog - Mid-2024 Trucking Industry Update - to learn how to navigate current challenges, capitalize on market conditions, and prepare for an upswing. Read it now ?? https://hubs.la/Q02DJ_Tx0 #trucking #transportation #industry #blog #economy #challenges #article #factoring #equipment #leasing #financing #IFTA #compliance #support

Arnold Transportation, a Texas trucking company, shuts down after nearly a century in business, filing for Chapter 7 bankruptcy liquidation. Read the full story on?freightcaviar.com The fastest & most entertaining way to digest freight broker news. Join 9950+ and subscribe to our newsletter today (it's free) on?freightcaviar.com.

Since there have been a number of bankruptcies in trucking, here are the 10 worst things to do when going out of business: Run up a lot of debt Hold freight hostage Stop paying your bills Haul all freight for a loss Don’t call anyone for help Withhold pay to employees Give customers NO heads up Put a big lock on the front door? Text drivers late Friday afternoon Refuse to answer calls and emails It’s unfathomable, not that carriers are going out, but the way they are going out of business. It’s dishonorable. It’s shameful. It’s like these carrier owners all went to the Michael Scott MBA School. If you are a carrier struggling financially and don’t know how much longer you can make it, please ask for help. Create a game plan. Get ahead of it. We will be happy to be a resource to connect you with another fleet who may be interested in buying your operation, or some great M&A folks who can help. #trucking #bankruptcy #business

In Trucking, Manufacturing, Distribution, and every other business... in good and bad times, we must choose ... #1. Truth..."Always do right, it will gratify some people and astonish the rest". Embrace Truth at all cost. Distinguish Truth from opinions, emotions, self-serving claims, and self-serving motives. #2. Honor... "It is better to fail with honor than win by deceit." Excusses, Rationalizations, and Justifications are self-protecting blame-game strategies of deceit. Choose honor. #3. Courage... "Only those who dare to fail greatly can ever achieve greatly". Life and Business do not come with an instruction manuesl, and the challenges of life are at times like the tempest waves of a storm. BUT, failure is never final unless you stop trying. Failure is a point in time. Choose to learn from failure, it is a stepping stone to new opportunities and greater success. Be flexible, willing to adapt, and embrace the tool of Change. #4. Integrity... "We make a living by what we get; We make a Life by applying Truth, Honor, and Courage in our Journey so as to establish a legacy of Integrity." "Get knocked down 6 times, get up 7 times, then make changes so as to not to get knocked down again!" #ThoughtThinkers4You

“Who makes the most money?” My coworker asked after I provided a full truckload estimate. And I wasn’t quite sure how to answer. You’d hope it’s the driver, but they’re the ones actually putting in the road time. If that driver doesn’t own their truck then they’re splitting the money with the owner. If they have a dispatch then they’re taking a cut as well. Easiest answer is the broker since they’re getting paid just because they know me. But who knows, they could be set up all sorts of ways with money getting spread out all around. #supplychain #logistics