# basicblock.io

> AI-optimized mirror of basicblock.io containing 98 pages totalling 53,491 words of clean markdown content, structured data, and semantic HTML. Original source: https://basicblock.io. Last updated: 2026-07-18T06:55:22.663Z.

Each page is available as HTML (with JSON-LD structured data) and Markdown (text-only, ideal for LLMs and RAG).

## Homepage

- [BasicBlock | Freight Factoring for Truckers | No Contracts](/content/site-root.html): Freight factoring for carriers & owner operators. Same-day payment, no contracts, no hidden fees. 10,000+ brokers. Get paid fast. (402) 600-0630. (711 words)

## Articles & Blog Posts

- [Page not found - BasicBlock](/content/terms-of-service/index.html) (33 words)
- [Page not found - BasicBlock](/content/the-top-trucker-focused-podcasts/index.html) (37 words)
- [Uber Freight - BasicBlock](/content/uberfreight-basicblock/index.html) (1,280 words)
- [Page not found - BasicBlock](/content/wp-content/uploads/2022/10/img_4654-heic.html) (33 words)
- [Page not found - BasicBlock](/content/what-does-a-freight-factoring-company-do-for-trucking-companies-drivers.html) (33 words)
- [Privacy Policy - BasicBlock](/content/privacy-policy/index.html): BASICBLOCK PRIVACY POLICY BasicBlock Inc. (“BasicBlock“, “our” or “We“) respects your privacy and commits to protecting it through our compliance with the following Privacy Policy (the “Policy”). The purpose of this Policy is to inform you of what information we may collect or you may provide, how it may be used, and our practices for collecting, using, maintaining, protecting, and disclosing that information. This Policy applies to information we collect: It does not apply to information collected by: Please read this Policy carefully to understand our policies and practices regarding your information and how we will treat it. If you do not agree with our policies and practices, do not use our Website and do not download, register with, or use the App. By accessing or using this Website or downloading, registering with, or using the App, you agree to this Policy. This Policy may change from time to time. Your continued use of the Website or the App after we make changes is deemed to be acceptance of those changes, so please check the Policy periodically for updates. We collect several types of information from and about users of our Website and when you download, register with, or use the […] (1,534 words)
- [Page not found - BasicBlock](/content/the-trucker-payment-evolution-a-guide-to-getting-truckers-paid-faster.html) (33 words)
- [Page not found - BasicBlock](/content/approved-brokers/index.html) (33 words)
- [Page not found - BasicBlock](/content/the-benefits-of-freight-bill-invoice-factoring-for-truckers.html) (33 words)
- [Page not found - BasicBlock](/content/starting-a-trucking-company-the-20-steps-to-open-a-trucking-company-seed-success.html) (37 words)
- [Page not found - BasicBlock](/content/how-to-start-grow-your-trucking-business-starting-with-one-truck.html) (37 words)
- [Freight Factoring - BasicBlock](/content/freight-factoring/index.html) (1,259 words)
- [Get Started - N-Motion Transport - BasicBlock](/content/nm-get-started/index.html) (288 words)
- [Get Started – Burril Enterprises with BasicBlock - BasicBlock](/content/be-get-started/index.html) (262 words)
- [Get Started - Alpha Chinyelugo with BasicBlock - BasicBlock](/content/ac-get-started/index.html) (256 words)
- [carrier/onboarding/index.html](/content/carrier/onboarding/index.html) (11 words)
- [FMD Logistics - BasicBlock](/content/become-a-partner/bb-partner-fmd-logistics/index.html) (276 words)
- [Fleet Owners - BasicBlock](/content/fleet-owners/index.html) (438 words)
- [Empieza Con - BasicBlock](/content/empieza-con-basicblock/index.html) (267 words)
- [Get Started – Brarways Inc with BasicBlock - BasicBlock](/content/brarways-get-started/index.html) (263 words)
- [Box Truck Bros - BasicBlock](/content/become-a-partner/box-truck-bros/index.html) (245 words)
- [Become a Partner - BasicBlock](/content/become-a-partner/index.html) (447 words)
- [FAQ - BasicBlock](/content/faq/index.html) (824 words)
- [Get Started - Yusuf with BasicBlock - BasicBlock](/content/sw-get-started/index.html) (290 words)
- [Owner Operators - BasicBlock](/content/owner-operators/index.html) (400 words)
- [BasicBlock vs RTS Financial - BasicBlock](/content/vs-rts/index.html) (304 words)
- [Broker Check - BasicBlock](/content/broker-check/index.html) (177 words)
- [BasicBlock vs OTR Solutions - BasicBlock](/content/vs-otr/index.html) (279 words)
- [Instant Pay - BasicBlock](/content/instant-pay/index.html) (293 words)
- [Facebook Interest - BasicBlock](/content/fb-get-started/index.html) (119 words)
- [vs. OTR - BasicBlock](/content/vs-otr-solutions/index.html) (119 words)
- [Referrals - BasicBlock](/content/referrals/index.html) (123 words)
- [Blog - BasicBlock](/content/blog/index.html) (394 words)
- [SimpleTruckTax - BasicBlock](/content/get-started/simple-truck-tax/index.html) (54 words)
- [Get Started - BasicBlock](/content/get-started/index.html) (61 words)
- [Fuel Solutions - BasicBlock](/content/fuel-solutions/index.html) (378 words)
- [Presets - BasicBlock](/content/presets/index.html) (84 words)
- [Get Started with VTBL Consulting - BasicBlock](/content/vtbl-consulting/index.html) (293 words)
- [Careers - BasicBlock](/content/careers/index.html) (214 words)
- [Credit Checking a Broker: time wasting or wise business? - BasicBlock](/content/should-i-credit-check-the-shippers-and-freight-brokers-i-haul-freight-for.html): Should you credit check the shippers and brokers you haul for? Learn what to check, where to check it, and how BasicBlock's free broker credit checks help owner operators avoid slow-paying brokers. (558 words, Jul 8, 2026)
- [How to Set Yourself Up for a Stronger Second Half of 2026 - BasicBlock](/content/owner-operator-second-half-2026-planning/index.html): The first half of the year is behind you. Here's how owner-operators and small fleet owners can use the next six months to tighten up cash flow, cut costs, and position their business for long-term growth. (955 words, Jun 25, 2026)
- [Trucking Safety: How Owners Fail and Lose Money - BasicBlock](/content/trucking-safety-how-owners-fail-and-lose-money/index.html): Are you tired of losing profits because of trucking safety and compliance issues? We’ve got an insider interview with Natallia Opalko, the owner of Trucking Safety with over a decade of experience in the industry.  Natallia shares her expert insights on how (639 words, Apr 22, 2026)
- [Navigating Today’s Freight Market for Owner-Operators - BasicBlock](/content/navigating-todays-freight-market-for-owner-operators.html): Introduction: In today’s dynamic freight market, owner-operators are facing a unique set of challenges. With fluctuating spot rates, rising diesel prices, and the instability of brokerage firms, navigating this landscape requires resilience, adaptability, and (11 words, Apr 22, 2026)
- [How to Start a Trucking Business in 2026: A Step-by-Step Guide for New Drivers - BasicBlock](/content/how-to-start-a-trucking-business-in-2026-a-step-by-step-guide-for-new-drivers.html): The trucking industry remains one of the most vital arteries of the U.S. economy — moving billions of tons of goods each year. With a driver shortage and constantly shifting freight demand, starting a trucking business in 2026 can be both lucrative and rewarding if (937 words, Apr 22, 2026)
- [Seven Top Factoring Questions Answered By BasicBlock CEO - BasicBlock](/content/seven-top-factoring-questions-answered-by-basicblock-ceo.html): What is freight factoring? Who can do it? How does factoring prevent fraud? CEO and Co-Founder of BasicBlock, Taylor Monks, answers all this and more on the latest FreightCaviar podcast.  If you’re not familiar with freight factoring, it’s a financing option for trucking companies where they can sell their invoices to a third party to receive immediate payment. It’s a crucial part of the trucking industry, and Taylor is an expert. FreightCaviar followers asked some great questions, so let’s jump in to get Taylor’s insights on the ins and outs of freight factoring.  1.  What is the reason that brokers are not approved for factoring?  We have our approved broker list for a reason. We pull criteria from credit sources, Better Business Bureau, and Carrier 4-1-1. Our system is like a living and breathing list.  We require them to be in business for a certain period of time, and we require no bad reports on them in x amount of days. Then we look at some other unique things where we have some carriers in what I would call our best carrier segment, and we ask them to haul for brokers. That way, we can learn more about them from […] (972 words, Mar 7, 2023)
- [Five Ways To Grow Your Trucking Business - BasicBlock](/content/five-ways-to-grow-your-trucking-business/index.html): Want to know how to grow your trucking business? David Voronin is the President and CEO of MigWay, Inc., a trucking company based in Pineville, North Carolina. In a recent interview on The FreightCaviar Podcast, David shared his journey of building MigWay into the successful company it is today. Here are five ways he’s been able to grow his trucking business from zero to 260 trucks. Everything is driven by data in trucking. David believes in the power of data to drive his business forward. Initially, David used the money from his construction business to buy two semis he leased out. After seeing that he could do things better, he decided to start his own company. From early on, David’s wife used Excel to collect valuable data, allowing him to predict his company’s growth and make detailed projections easily. By continuously studying the data and the market, they saw it was much more profitable to do triangle routes. He credits this strategy as one of the top ways he grew his trucking business.  Data also showed them that they could beat out average DAT van rates by 20-30% consistently year over year, informing his decision to take a gamble and […] (858 words, Feb 16, 2023)
- [Five Mistakes New Owner Operators Make - BasicBlock](/content/five-mistakes-new-owner-operators-make/index.html): As a new owner-operator, it can be overwhelming to navigate the complexities of the trucking industry. However, with experience and knowledge, it is possible to avoid common mistakes that can lead to wasted time, wasted money, and even safety hazards. In this article, we will discuss five costly owner-operator mistakes and provide tips for avoiding them. Mistake #1: Not Properly Planning Routes and Managing Deadhead Miles One of the most important aspects of trucking is proper route planning. This includes not only determining the most efficient routes but also taking into account factors such as traffic, weather, and tolls. Not properly planning their routes results in wasted time and increased fuel costs.  Remember to check for road restrictions and weight limits using routing software. Routing software will consider factors like distance, time, and fuel costs to provide the optimal route.  Keep in mind any special requirements for the type of load you’re carrying that may affect your route.  Additionally, often owner-operators are not aware of the concept of deadhead miles, which refers to miles driven without a load (non-revenue generating miles). These miles can add up quickly and significantly increase operating costs. Look for ways to minimize deadhead miles by […] (962 words, Feb 9, 2023)
- [Talking Freight Factoring With Brett Byman - BasicBlock](/content/talking-freight-factoring-with-brett-byman/index.html): The FreightCaviar podcast dove into the fast-paced world of freight factoring with Brett Byman, the COO of BasicBlock.io. Alongside brand new FreightCaviar co-host Bob Kruz, Owner of MX Trucking and the Founder of the @usa_transportation page on Instagram, we discussed the thrilling highs and challenging lows of entrepreneurship in the trucking industry.  Bob was there to throw out the hard questions and share his perspective as a carrier working to navigate the current downturn in the industry. With nine years of experience in the sector and a steadily growing fleet, he is pushing the limits and striving for even greater success. Bob’s aiming to have 20 trucks under MX Trucking by the end of the year.  Bob is also a savvy social media professional, connecting with industry players and building relationships through Instagram. It was with his help that FreightCaviar grew into what it is today. FreightCaviar is lucky to have him join as co-host of the FreightCaviar podcast.  Brett took us through starting and financing a freight factoring company and shared how BasicBlock worked to build a strong reputation in the stigmatized factoring sector.  The Origin of BasicBlock BasicBlock’s story is one of resilience and determination. In 2018, Brett […] (970 words, Jan 24, 2023)
- [Five Changes in Trucking Coming in the Next Decade - BasicBlock](/content/five-changes-in-trucking-coming-in-the-next-decade/index.html): The future of trucking is here–but what does that mean exactly? What changes in the trucking industry are on the horizon? As technology and regulations continue to evolve, we’re seeing a number of trends take hold and alter how things get done in transport. Here are five main changes you can expect in the trucking industry over the next ten years.  1. Increased adoption of electric and autonomous vehicles One of the biggest changes in the trucking industry will be the increased adoption of electric and autonomous vehicles. Electric trucks have the potential to significantly reduce fuel costs and emissions, while autonomous vehicles could increase efficiency and safety on the roads. Electric trucks are still in the early stages, and we’re lacking the infrastructure to make them a truly viable option for most,  but they have already shown promise as a cleaner and more efficient alternative to diesel-powered trucks. Tesla recently released its Semi, which boasts a 500-mile range, followed by competitors from Volvo, Freightliner, Kenworth, and more.  I don’t think we’ll be seeing level-5 fully-autonomous trucks on the road in this decade, but I do believe that we’ll see more trucks integrated with autonomous software that will significantly improve […] (871 words, Jan 17, 2023)
- [5 Autonomous Trucking Companies to Keep An Eye On - BasicBlock](/content/5-autonomous-trucking-companies-to-keep-an-eye-on/index.html): Are you worried that autonomous trucks will take over your job? Well, not so fast. We are far away from autonomous trucks being on the road without a human driver in the cab. For now, the main goal of AV trucks is to improve the safety and efficiency of truck drivers – not put them out of a job. Here are some AV trucking companies to watch as we enter 2023. 1. Aurora Aurora innovation has set its commercial launch to mid-2024, assuring shareholders that they’ll be able to fund the deployment of its level 4 autonomous driver tech, Aurora Horizon driver. Shares are now down more than 90% from the company’s peak a year ago.  The Silicon Valley startup was founded in 2017 and raised $2.5 billion in funding before going public in 2021. The company has made three acquisitions in its history.  Aurora has been making headlines with the success of its self-driving truck pilot program, which has seen great results in productivity and safety. The company has piloted fleets with FedEx Corp, Schneider, Werner Enterprises, and Uber Freight.  The company saw success with its FedEx fleet this year. “Throughout Q2, [Aurora] delivered over 335 loads by driving […] (1,051 words, Dec 20, 2022)
- [9 Ways to Become a Successful Owner-Operator  - BasicBlock](/content/9-ways-to-become-a-successful-owner-operator/index.html): It’s common in the trucking industry for company drivers to become owner-operator drivers who can be in business for themselves. However, while everyone wants to be their own boss, everyone won’t always manage the transition successfully.  Operating your own trucking company can be rewarding, but it is also a challenge. It isn’t easy, but it’s not impossible. So here are nine things you can do to become a successful trucking owner-operator.  1. Have Enough Start-up Funds If you’re planning to become an owner-operator, you need to have a healthy bank account loaded up with start-up funds. It’s crucial you don’t go into your new business without anything in reserve. The payouts are great, and the earning potential is there. Most owner-operators will say it takes around $10,000-$20,000 to start a company with one or two trucks. The cost varies depending on your down-payment price.  Aside from your savings or loans, some small business and trucking-specific grants are available from the government that you may qualify for.  2. Don’t Overpay (or Underpay) for Your Equipment Your truck will be your livelihood, so you must choose a reliable, affordable truck. You want a new truck that looks flashy, loaded with bells and […] (1,164 words, Nov 4, 2022)
- [BasicBlock Hits the Road with FreightCaviar - BasicBlock](/content/basicblock-hits-the-road-with-freightcaviar/index.html): We’re Hitting the Road  Back in September, BasicBlock teamed up with FreightCaviar and spent four days across four cities spreading logistics knowledge, checking in with awesome clients, and having a great time all along the way.  First Stop–The Windy City We took to the streets to find out what your average person knows about freight factoring. Spoiler alert–they may be slightly clueless, but that’s where we come in.  We put Chicagoans’ knowledge to the test on things like driver salary, delivery times, and, of course, payment periods. As you might expect, most people overlook the challenges that truck drivers and trucking companies face when it comes to getting paid in as timely a manner as they’re moving the products. Most had no clue that while their goods may be shipped within a matter of days, getting paid for delivering those goods can take weeks or months. We’ll have a video coming soon highlighting all the answers people on the street gave, so make sure to stay tuned to this blog for updates. We’re glad we got the chance to get a few people to think more about the companies and drivers who keep things moving.  Onwards to Pittsburgh Our next […] (606 words, Oct 12, 2022)
- [Profit and Loss & The Role of Cash Flow in a Trucking Business - BasicBlock](/content/understanding-profit-and-loss-the-role-of-cash-flow-in-a-trucking-business.html): When owner-operators launch into their own entity, they consistently look at their trucking company profit margin. Whether they are starting with one truck or managing multiple drivers and trailers, it ultimately comes down to how financially sound this endeavor will be. Although the supply chain at large may not concern itself with the health of each individual owner-operator, the industry’s success literally rides on the trailers of these entrepreneurs.  According to the American Trucking Association, “Trucks move roughly 72.5% of the nation’s freight by weight.” Such a high statistic demands that owner-operators and small fleet managers invest in knowing what their trucking company’s profit per truck is. The most common way owner-operators can do this is by pulling an entire trucking company’s profit and loss statement.  What Are Profit and Loss Records and Data Sheets? A trucking company’s profit and loss statement is a report that offers insight into overall financial health. While this document remains applicable across industries, a P&L statement for a trucking company is immensely helpful to owner-operators. It summarizes in a straightforward way every expense and earnings while still providing a bird’s-eye view of overall business trends. While an owner-operator may assume their most profitable loads […] (1,914 words, Aug 12, 2022)
- [The Best Trucker Songs to Listen to on the Road - BasicBlock](/content/the-best-trucker-songs-to-listen-to-on-the-road/index.html): Road trips are fun. Pack a few snacks, wear comfortable clothes and shoes, pair with a partner who is fun and an engaging conversationalist, and put on your favorite songs. The journey can be as worthwhile as (if not better than) reaching the destination itself. However, for those who make a living out of long-distance driving, the open road offers a different type of adventure altogether. For years, truckers on the American roadways have been instrumental in bringing products on time to destinations around the country. Unlike a family road trip, the destination is all that matters in this long-haul journey.  The trucking business is demanding, and those long-distance trips can be stressful. One of the main concerns of truckers is that they don’t get paid on time. Adopting a freight factoring app that automates account receivables can help mitigate this challenge to a considerable degree. Besides financial challenges, truckers’ physical and mental health is another concern. Driving thousands of miles each week all alone can be stressful. Listening to some “trucker” songs and podcasts is vital in keeping drivers engaged and can help mitigate some of their boredom experienced while driving across the country.  Below is our list of […] (1,382 words, Aug 4, 2022)
- [Truck Driver Shortage? Not If You Get Truckers Paid Fast & Cash Flow Running - BasicBlock](/content/truck-driver-shortage-not-if-you-get-truckers-paid-fast-cash-flow-running.html): Truckers play a vital role in the success of the supply chain. Modern technology which helps in executing the financial aspects of the supply chain industry is lacking in the trucking industry. Hence solutions for fair and on-time payments, which are crucial to mitigating trucking driver shortage, must be considered. According to Indeed, a trucker’s median salary is $0.48 to $0.75  per mile for company drivers and up to $1.79 per mile for owner-operators. Solo drivers and owner-operators earn more but have certain restrictions on their drive time. Their expenses reduce their take-home pay. The cost of owning and operating a truck, rising fuel prices, and inadequate compensation has led to a truck driver shortage. These are just a couple of factors causing a trucker shortage in the country. Therefore, a viable solution like freight factoring can mitigate some of the truck driver shortages.   What’s Causing the Current Trucking Driver Shortage- It’s More Than Just Lack of Interest Among Drivers According to Fox Business, the truck driving shortage has led to disruptions in the supply chain. About 80,000 positions were left unfilled in 2021! The inflation and overall unemployment in the country may have led many people to enroll in […] (836 words, Jul 14, 2022)
- [The 7 Big Areas of Focus For a Successful Trucking Business - BasicBlock](/content/the-7-big-areas-of-focus-for-a-successful-trucking-business.html): Entrepreneurial success is the embodiment of the American dream. While walking toward “life, liberty, and the pursuit of happiness,” most Americans want autonomy over their schedule, their workspace, and of course, their finances. Across the nation and with varying demographics, many Americans believe starting a trucking business is how to do just that. According to the latest data pool on truck drivers from the US Census Bureau, “Nearly 1.5 million people work for the 124,320 employer businesses in this industry, and another 587,000 are self-employed, or ‘nonemployers.’” To join the latter group of individuals leading their own trucking business, consider the following seven focus areas.  1. Finding Loads Despite the immense need for capacity, drivers starting a trucking business must understand that workloads do not fall from the sky. Learning how to find loads to haul is a pivotal first step in grasping how to start a trucking company. While saying yes to every available load may seem the right option, it can also result in lost costs from frequent deadhead miles that strategy could have prevented with the right collaborative platform. 2. Speedier Payments While many rejoice that life on the road requires little focus on screens, the right […] (754 words, Jul 7, 2022)
- [Fuel Surcharges for Owner Operators – 7 Things You Need To Know - BasicBlock](/content/fuel-surcharges-for-owner-operators-7-things-you-need-to-know.html): As the sun goes down after freight is delivered and inspected, most truck drivers have their hearts set on a bit of relaxation after a full 14-hour shift. While some may look forward to winding down with a burger and a trucker movie at the end of the night, others may plan their routes around the best truck stops to enjoy the amenities. Whether finding loads to haul or researching how to automate accounts receivable, countless administrative tasks greet the owner-operator at the end of the day. As national diesel prices continue to skyrocket toward $6 per gallon, owner-operators are learning to navigate additional administrative burdens such as how to calculate fuel surcharge.  1. What Is a Fuel Surcharge in Shipping? On June 13, 2022, the Energy Information Administration (EIA) reported othat the national diesel average was $5.72, which is a whopping $2.43 higher than the year before. This dramatic increase has challenged how carriers decide how much they should adjust their rates.  Carriers often rely on a fuel surcharge (FSC) to offset rising diesel prices.  When discussing the technical issues that delayed the publishing of national fuel averages in mid-June, Freight Waves noted that FSC reporting often has a […] (1,304 words, Jun 30, 2022)
- [The Greatest Trucker Movies of All Time - BasicBlock](/content/the-greatest-trucker-movies-of-all-time/index.html): When Friday night dancers dust off their boots to Rascal Flatt’s famous cover “Life is a Highway,” those who spend their life on the highway understand that this song may take a few creative liberties. According to The New York Times, “The typical long-haul tractor-trailer driver registers 400 to 700 miles a day, or about 125,000 miles per year… [across] 60 to 70 hours a week, including time waiting to load and unload while spending some 300 days a year on the road.” Consequently, the miles spent on the highway for the average long-haul driver is enough to circle the Earth five times. With as many essentials and commodities constantly on the road thanks to these drivers, there are still few trucker movies that transparently communicate to the world what life on the road is like. For owner-operators wanting to turn off the podcasts and culture themselves in Hollywood’s take on their craft, here are the top 10 trucking movies starting with the oldest releases. 1. Duel Duel was one of the first majorly released trucker movies and recipient of the PrimeTime Emmy award in 1972. This top trucker movie, directed by Stephen Spielberg and starring Dennis Weaver, is about […] (722 words, Jun 23, 2022)
- [The Best Truck Stops in America as Voted by Truckers - BasicBlock](/content/the-best-truck-stops-in-america-as-voted-by-truckers.html): Truckers and owner-operators are, without a doubt, the lifeblood of the domestic market. Supply chains run on the wheel of semi and delivery trucks, and taking care of drivers has become a more important topic of discussion in the last few months. While the industry may be a bit behind with driver pay, fleet utilization, and work conditions, the best truck stops in America have long known how to take care of the nation’s truck drivers. According to the Northeast Association of State Transportation Officials (NASTO), the best truck stops have the services and amenities drivers want and need while on the road. NATSO is the only national trade association representing the travel plaza and truckstop industry, with more than 2,000 travel plazas and truckstops listed, connected to 220 corporations and freight factoring entities. NATSO defines a “truck stop” as a location with at least one shower, 15 parking spaces, and diesel available for sale. Considering all the mom-and-pop truck stops, small-scale service plazas, and other truck stop types available, the total number of top truck stops in the United States is much higher, with over 40,000 currently recognized in the United States and Canada. Finding the best truck stops […] (1,337 words, Jun 16, 2022)
- [Trucking Fleet Utilization: How to Measure your Fleet’s Efficiency - BasicBlock](/content/trucking-fleet-utilization-how-to-measure-your-fleets-efficiency.html): While minimalism may be a term best known in home decor, the concept is familiar in the supply chain. “How can we do more with less?” To address this question, business owners must understand how to calculate truck utilization and use fleet management metrics to inform decisions for their company’s success and stability. Although growing a financially sound small trucking fleet is part of the American dream independent lifestyle, it is nearly impossible without data from KPI fleet management to act as a compass toward a company’s long-term goals. Among the countless data processing options available, owner-operators must consider six major components when prioritizing efficiency as a company.  1. Review Utilization & Costs When pursuing how to calculate truck utilization and costs, owner-operators need to collect baseline data to create averages to work off of. When KPIs are collected, they can be connected to make a complete picture of business performance. Calculating Revenue and Costs As a fleet manager learns how to calculate truck utilization, revenue and cost per mile or truck are the first data points to collect to understand the efficiency of a fleet. While each KPI has different purposes, it’s important to note that calculating truck revenue […] (1,475 words, May 26, 2022)
- [The Owner-Operator’s Quick Guide to Taxes for Their Trucking Business - BasicBlock](/content/the-owner-operators-quick-guide-to-taxes-for-their-trucking-business.html): With the 2021 tax season in the rearview window, most Americans can breathe a sigh of relief However, owner-operators know that the end of one tax season is the beginning of the next. A proper understanding of tax rules for truck drivers prepares owner-operators with the tools they need to successfully navigate the annual tax season amidst varying tax law changes.  On March 31, 2022, the U.S. Congress introduced bipartisan legislation making tax preparation for owner-operators something to look forward to TruckerNews.com reported, “The bipartisan Strengthening Supply Chains Through Truck Driver Incentives Act would provide a short-term, fast, and straightforward incentive to attract and retain new drivers. The Spanberger-Gallagher bill would create a two-year refundable tax credit of up to $7,500 for truck drivers holding a valid Class A commercial driver’s license who drive at least 1,900 hours in the year. Additionally, it would create new incentives for Americans to enter registered trucking apprenticeships.” However, owner-operators must learn sound financial advice while growing their business to claim this tax credit. Consider the following concepts about trucking business taxes to do just that.  Types of Taxes Before addressing owner-operator tax write-offs, business owners need to consider the type of taxes they […] (1,976 words, May 5, 2022)
- [How Much Do Freight Factoring Companies Charge & How Do Fees & Payback Work? - BasicBlock](/content/how-much-do-freight-factoring-companies-charge-how-do-fees-payback-work.html): Financial strains are hard to deal with, even in the best of times. But with current levels of pressure, disruption, and uncertainty plaguing the shipping and transportation industry today, financial stresses are higher than ever before. Many fleet drivers and trucking company managers are turning to freight factoring services for a helping hand during these challengings times. But there is something that keeps many back from taking full advantage of this fantastic service: how much do freight factoring companies charge? First and foremost, if you are on this article, you may ask, what does BasicBlock charge? Glad you asked! We buy invoices at a flat 2%. You get paid instantly while we chase down the payments. Signing up takes less than 15 minutes; just hit the “Get Started” button on BasicBlock.io. Then, just scan the invoice you want to sell with our user-friendly app. No contracts or hidden fees. Ever. Manage your cash flow and expenses with predictable payments. We get drivers paid faster. Period! The Importance of Cash Flow and Better Financial Stability in the Trucking Industry Of all the things truckers have to worry about and juggle day in and day out, cash flow is among the most […] (891 words, Apr 21, 2022)
- [What Is Freight or Transportation Factoring, and What Are the Fees? - BasicBlock](/content/what-is-freight-or-transportation-factoring-and-what-are-the-fees.html): What is transportation factoring? This simple question carries a heavy load, and the way the answer gets presented and applied will significantly impact freight transportation and trucking companies of all sizes. Today’s pressures involved operating and managing a freight transportation company takes a lot of work. It is no longer enough simply to perform up to exp[ected standards as what was once acceptable to customers and third-party partners is no longer adequate. It is necessary to go above and beyond for those who struggle with the basics of understanding freight factoring for accounts receivable.  Dealing with freight factoring costs while searching for ways to improve services presents a massive challenge for transportation providers. Freight factoring, also commonly known as freight load factoring, makes balancing cash flow and assets easier by helping shipping companies manage invoices, payments, debts, and budgeting needs. Answering what is a freight factoring service provider and what they can do for small and medium-sized companies that haul freight is critical to maintaining forward momentum in the market today. So let’s get to the bottom of the question what is freight factoring, and why should shippers care. What Is Freight Factoring? Freight transportation is pretty basic in its […] (2,199 words, Apr 7, 2022)
- [Why the Truck Driver Job is the American Dream...And How the Industry Has Failed Them - BasicBlock](/content/why-the-truck-driver-job-is-the-american-dream-and-how-the-industry-has-failed-them.html): People across the United States consistently seek what the Declaration of Independence defines as “life, liberty and the pursuit of happiness.” In today’s economy, the aspect of liberty, or freedom, is highlighted as one of the most important ones among social media mantras of “be your boss!” Working as an independent driver is just one way to achieve this self-employed status that even provides the opportunity to be paid to see new places. However, the great opportunities in front of truck drivers come with risks and personal costs. 1. The State of the Truck Driver in America When the rise of e-commerce wed with the initial quarantine that began the past two-plus years of a global pandemic, owner-operators and contracted truck drivers became highly favored in the public eye. However, as the initial shock of the situation faded, so did much of the heightened appreciation for background essential workers. Regardless, the demand for this line of work has not increased.  Experienced drivers today are retiring faster than fleet managers can find new talent. Many trucking companies are offering substantial bonuses and offer to cover all certification processes required to drive in exchange for a one-year commitment with the company. According […] (691 words, Mar 24, 2022)
- [How to Find Loads to Haul For Your Trucking Company - BasicBlock](/content/how-to-find-loads-to-haul-for-your-trucking-company.html): As much as truck drivers carry supplies across the continent, the supply chain carries the trucking industry. Whether a company starts with one truck or has built a fleet, gaining access to the right loads is critical. However, the unstable supply chains and heavily congested ports have made receiving and choosing hauls more complicated for owner-operators. And being able to find loads to haul is getting more complex overall as new startups emerge.  Enda Curran, writing for Bloomberg, points out: “The so-called dwell time for containers waiting at marine terminals for trucks was 7.64 days on average at the U.S.’s two largest ports” in October. With an endless supply of freight near ports, carriers are continuously trying to figure out how to find truck loads that maximize their profit. How does a business maximize profit during an industry-wide capacity crunch? This article will offer a variety of solutions to do just that.  Why the Battle to Find Freight to Haul Isn’t as Simple as Taking Anything and Everything When considering how to maximize capacity, truckers need to know how to find loads to haul and where to get loads for trucks without breaking the bank. It’s important to consider what […] (3,015 words, Mar 3, 2022)
- [6 Ways to Manage & Control Trucking Fuel Costs as an Owner Operator - BasicBlock](/content/6-ways-to-manage-control-trucking-fuel-costs-as-an-owner-operator.html): As an owner-operator, it can be tricky juggling the countless tasks that need doing or tracking the current trends such as fuel prices—and make no mistake, fuel forms a significant part of your back-office costs. It’s easy to assume otherwise, and some ask, do truck drivers pay for gas? The short answer is yes, those operating small fleets, owner-operators, are footing the bill for fuel. But even worse, the delays in payment windows and figuring out a solution to the question, do owner-operators pay for fuel can be challenging at best. Through all these tasks, truck stop fuel prices and fuel prices in general may fall lower on the list of priorities than they should. Looking at the increase in cost for diesel fuel over the past year, the Energy Information Agency (EIA) shows the current year’s rates are much higher than in 2020. Last year, the fuel price of was $1.14 cheaper than its current average price. It was at $4.05 on February 24th, 2022.  Working with a factoring company can manage those stressful tasks for you while providing beneficial ways to combat the changing fuel costs.  Eliminate the Hassle of Back-Office Invoicing For starting trucking companies, back-office tasks […] (801 words, Feb 24, 2022)
- [Can Truckers Automate Accounts Receivable & Get Paid Faster? - BasicBlock](/content/can-truckers-automate-accounts-receivable-get-paid-faster-hell-yes-they-can.html): Accounts receivable (AR) is the payment truckers will receive from shippers who have purchased their services on credit. The credit period can range widely in a timeframe. However, typically 30-90 days, such a range can harm various companies’ cash flow. After sending the invoice, the manager must keep tabs on when they receive a payment or chase the payment and match it to the invoice.  This problem will only worsen as the trucking industry is expecting to see higher-than-average rates carry through into the following year. As mentioned by Overdrive Online, “average owner-operator income is at an all-time high at more than $70,000 a year, a 10.2% increase over 2020, according to ATBS. That increase has been driven in large part by the spot market, where rates have jumped considerably with lower capacity and more freight after the early COVID shutdowns last spring.” As this increase is expected to last through next year, trucking companies must prepare for more freight in need of transportation, turning into more invoices.  Companies can automate account receivables and let a factoring company handle the office tasks rather than manage archaic, manual processes while running a trucking business in such a competitive field.  Why Slow […] (704 words, Feb 17, 2022)
- [Haul Freight, Get Paid & Back to Living Your Life… Why Truckers Should Have a Back-Office Partner - BasicBlock](/content/haul-freight-get-paid-back-to-living-your-life-why-truckers-should-have-a-back-office-partner.html): Despite the stereotype that the trucking line of work is for the common person, the common person might not understand the hidden expectations of those working in the trucking industry. When considering this line of work, you might imagine the requirements to be obvious: be able to drive for extended periods, be physically capable of lifting 150-pound tarps; however, those are just the start. Anybody who decides to join or open a trucking company enters an industry that is vital to American living as we know it. Yet the sector is hindered by an outdated system. For truckers trying to thrive in the age of disruption, it’s critical to understand the truths of back-office trucking management and how they can get back on the road faster and easier with the right software sources and partnerships. The Challenges of Back-Office Management for Owner-Operators Many of the back-office trucking challenges surround the issue of how truckers get paid and when. As demands keep rising, truckers will reach a threshold at which they are simply stuck waiting for payment. Yes, maintaining driver credentials and vehicle maintenance, route planning, managing a fleet, communicating with freight brokers, budgeting, and more are also compounded by a […] (871 words, Feb 10, 2022)
- [Truckers Need Transparency & Real Customer Support From Factoring Providers - BasicBlock](/content/truckers-need-transparency-real-customer-support-from-factoring-providers-not-more-fees.html): Every licensed driver has had to learn to drive alongside the buffeting of a semi-truck. If the trucking industry is not hidden, why the lack of transparency in business dealings? As reported by the American Trucking Research Institute, “This year’s total marginal costs per mile amounted to 76.6 percent of the average contract van rate per mile.” Why the low profit margin? Hidden freight factoring fees are just one of the things that should be brought to light for best business practices.  Why Poor Transparency Leads to Higher Trucking Costs  When building a business, it is crucial to understand your operation costs to know what profits should be expected and when. Proper profit estimations guide which shippers to take loads from and so much more. Limited trucking transparency can produce problems that occur such as: Hidden or manipulated freight costs Delays in the purchasing process with customers Struggle in time-sensitive decision-making Unrealistic expectations Less time on the road While starting a trucking company can be costly, it shouldn’t be due to poor transparency. A clear view of the company’s overall financial health is necessary for making pragmatic decisions to boost one’s working capital. Strong Customer Support From Factoring Providers Helps […] (631 words, Feb 3, 2022)
- [Why the Industry Needs to All Get on Board with Paying Truckers Faster - BasicBlock](/content/why-the-industry-needs-to-all-get-on-board-with-paying-truckers-faster.html): In a time of life marked by pickup and delivery orders of items to fill the refrigerator, or even a fridge itself, the trucking industry must thrive on meeting the supply-demand. The truck payment process is a staple aspect for owner-operators to grow their business in a post-pandemic world. As noted by FreightWaves,”The trucking industry, overwhelmingly made up of small businesses operating six or fewer trucks, moved 10.23 billion tons of freight in 2020, a 13.6% drop from 11.84 billion tons in 2019. The industry generated $732.3 billion in revenue, or 80.4% of the nation’s freight bill, unchanged from the year earlier.” Still, the ability to move freight and generate more substantial profits comes from managing the day-to-day cash flow more effectively.  The Challenge and Costs of Delays in Paying Truckers When starting a truck company, shippers should consider the business environment and freight companies’ expectations. It has been traditional for truck driving companies to offer their customers 30, 60, and even 90 days in their payment terms. While that works great for the shippers in need of transport, where does that leave truckers? As they wait for their cash to continue the flow of business, truck drivers resign to […] (704 words, Jan 27, 2022)
- [How to Grow a Small Trucking Fleet That’s Also Financially Sound - BasicBlock](/content/how-to-grow-a-small-trucking-fleet-thats-also-financially-sound.html): Managing a small trucking fleet in the best of times presents unique challenges and obstacles. These only get compounded when market instability and economic uncertainties fall into the mix. According to FleetOwner, intermodal volumes have been slowly improving as chassis turns, container loading and unloading, and overall supply chain movement improves. Containership backlog should ease in the coming months and allow for more capacity and flexibility at ports and distribution centers. Current trends also look to support strong import demand in early 2022, making freight factoring and trucker payment more critical than ever, especially for smaller fleets and trucking companies. The following tips can help management grow a small trucking fleet that is financially sound and on solid ground with trucking finance requirements. 1. Recognize That Small Trucking Fleets Will Have Trouble Finding Factoring Services The little guys on the block often struggle more to find factoring services and keep up with the bigger trucking companies. Unfortunately, this is normal and  expected. Rather than stressing over it and fighting against it, the best thing small fleet management can do is accept this truth as early as possible. Spending energy on the tasks at hand is always better than eating resources […] (732 words, Jan 20, 2022)
- [The 8 Ways for Owner Operators to Grow Their Trucking Business - BasicBlock](/content/the-8-ways-for-owner-operators-to-grow-their-trucking-business.html): As the trucking industry evolves and grows rapidly, companies must scale the trucking business and gain an advantage. Especially with competing against larger fleets, owner-operators must find a solution to grow their business. That’s especially true as market expansion continues. According to MarketWatch, “The Truck Freight market revenue was Million USD in 2016, grew to Million USD in 2021, and will reach Million USD in 2026, with a CAGR of during 2021-2026.” With such growth on the horizon, owner-operators need to have a few best practices up their sleeves to expand their businesses in tandem. 1. Leverage Digital Load Boards to Find More High-Quality Loads For owner-operator trucking companies, finding the time to connect with shippers in person may be nearly impossible. Load boards allow carriers to find loads that meet the criteria they want in loads. Along with having the ability to have an improved selection on who to work with, carriers can improve relationships with shippers and develop a network.  2. Take Advantage of Integrated TMS APIs to Connect With Other Carriers For companies looking to expand trucking loads and grow business, communication is vital. Application programming interface (API) can offer advanced integration capabilities without other disruptions. Additionally, […] (797 words, Jan 13, 2022)
- [Truckers Should Get Paid Quickly & Easily When they Deliver a Load - BasicBlock](/content/this-aint-hard-truckers-should-get-paid-quickly-easily-when-they-deliver-a-load.html): There is no doubt that recent shutdowns and all the disruptions caused by the global pandemic have affected the supply chain. Trucking operations across the country and worldwide have had to renegotiate even the most basic of processes to make freight factoring for truckers and freight shipping and operations more streamlined. As highlighted recently by Vox, “in a bid to get cargo moving more quickly, the Long Angeles and Long Beach ports now plan to charge shipping companies a $100 fee for every container that isn’t unloaded after eight days, and the fee will increase by $100 for every day after that.” The new policy has been implemented to get shipper carriers, truckers, and approved brokers working together more effectively to keep the Port of Los Angeles operating 24/7 to get through the massive backlog and get trucking payment schedules caught back up as well. This should help improve the rate at which truckers are getting paid when delivering freight. Trucking company owners see this as an opportunity to ensure timelier freight payments. Still, it can be problematic given the massive bottlenecks and long delays seen between transportation completion and receiving payment. Let’s take a moment to consider how the […] (747 words, Jan 6, 2022)

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