Small fleets
Guides for carriers running a handful of trucks, where one more unit means more financing, more coverage, and more paperwork to keep straight.
- GuideInsurance · Motor truck cargo
Do I need motor truck cargo insurance if FMCSA does not require it?
FMCSA does not require cargo insurance for general freight, yet carriers are liable for the load and brokers ask for it. How that fits.
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- GuideFinancing · Equipment financing
Can I finance a used truck, and what do providers look at?
Yes, used trucks can be financed. What providers weigh about the truck and about you, what to check before you sign, and a labeled payment example.
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- ComparisonInsurance · Occupational accident
Do owner-operators need occupational accident insurance or workers' compensation?
Occupational accident is a private policy for injured owner-operators. Workers' comp is a state system. How they differ and who decides.
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- ComparisonFinancing · Equipment financing
How do a TRAC lease, a $1 buyout lease, and a truck loan differ?
How a TRAC lease, a $1 buyout lease and a truck loan work, who carries the end-of-term risk, and a labeled example of what each can cost at the end.
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- ComparisonFinancing · Factoring
What is the difference between recourse and non-recourse factoring?
Recourse and non-recourse factoring decide who absorbs a customer's non-payment. What non-recourse usually covers, what stays with you, and what to read.
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- GuideFinancing · Factoring
What does freight factoring cost, and what fees come with it?
How a freight factoring fee is built: flat versus per period, reserves, add-on fees and minimums, with a labeled example and a calculator.
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- ComparisonFinancing · Merchant cash advance
What is the difference between APR and a factor rate?
A factor rate sets the total you repay. An APR also counts time. How they differ, a labeled example, and what California and New York require.
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- GuideFinancing · Merchant cash advance
What is a merchant cash advance, and is it safe for a trucking company?
A merchant cash advance is repaid by daily debits and priced by a factor rate. What it costs, how stacking and confessions of judgment work.
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- ComparisonFinancing · Equipment financing
Should I finance or lease my truck?
Truck loan, $1 buyout lease, fair market value lease or TRAC lease: who owns the truck, what happens at the end, and a labeled payment example.
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- GuideAuthority and operations · Running the operation
How do I work out my cost per mile?
Add your fixed and per-mile costs, divide by every mile you drive, and you have your break-even rate. A worked example, labeled, and what it leaves out.
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- GuideAuthority and operations · Compliance
What compliance does a trucking company have to keep up with?
What a trucking company keeps up: FMCSA registration, insurance filings, UCR, IFTA, IRP, Form 2290, drug testing, and the new entrant audit.
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- GuideInsurance · Primary auto liability
What insurance does a new trucking company need?
What federal rules require a new trucking company to carry, what brokers and lenders commonly ask for on top, and who files what. No prices.
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- GuideFinancing · Factoring
How does freight factoring work for a trucking company?
Advances, reserves, recourse, notice of assignment and fees: how freight factoring works, what to read in the contract, and a labeled cost example.
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- GuideFinancing · SBA loans
Can a trucking company get an SBA loan?
How SBA 7(a), 504 and microloans work for trucking companies, what each can fund, size limits for trucking codes, and why it takes longer.
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- GuideFinancing · Equipment financing
How does truck and equipment financing work?
How truck and trailer financing works: what it pays for, how the lien works, loan versus lease versus TRAC, how to compare offers, and tax basics.
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