I've worked in the trucking industry long enough to have experience in dispatching, fleet operations, brokerage, and freight factoring. Beyond the mountain of rules and regulations that must be met, there is the daunting task of running a profitable business. You must be able to identify the best option for each aspect of your business. Most owner-operators are experts at driving and maintaining a truck and are left to piece together the reset. In the beginning having money to keep moving is critical. Being efficient so that you always have that next load and working with a freight factoring company so you have money are key to success. Also paying attention to every penny you spend is vital to your survival. This is why the industry rates are designed around cost per mile. Owners must hire their drivers carefully, have operational structure to meet regulation, keep up with cost such as freight factoring rates, and maintain sanity though all of this. Unless you've been around for a while you will most likely need to lean on the expertise of others in the industry. Transportation is a major industry so it's unlikely that any one person will know it all. It's important that you find a reliable source of information where others share their experience such as a blog. Then surround yourself with people who specialize in major areas such as freight acquisition, paperwork, book-keeping and taxes, factoring and collections. ripped off by factoring company |