Can small trucking companies afford to wait that long? If they have other contracts and the invoices are offset so that not everyone is due at the same time, they can absorb the long payment cycles. The problem is the other bills; they don’t wait! Staff needs to get paid, truck drivers’ salaries, trucks need fuel, and even maintenance issues can pop up. If at all possible, managers should try to maintain a cushion to keep the small trucking companies afloat during these lean times.
Source: www.fortune.com
Resources For Small Trucking Companies
There are numerous resources available to all small trucking companies. Often finding them can be hard, or at least it once was. But now the internet holds the key to finding the resources sought after by small trucking companies.
Here are a couple of resources small trucking companies need to refer to:
- The National Association of Small Trucking Companies (NASTC)
- Small Business Administration (SBA)
- Department of Transportation (DOT)
- Department of Labor (DOL)
Source: www.plus.google.com
The National Association of Trucking Companies (NASTC) was founded in 1989 and serves as an advocate for, consultant to, and even a source buying as a collective power, for their members. The NASTC maintains a strong lobbying effort for small trucking companies. They are committed to safety, compliance, technological and other advancements to benefit the industry.
