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Registering for a DOT number (Department of Transportation number) is necessary for certain commercial vehicles and businesses engaged in interstate commerce in the United States. Here’s a step-by-step guide on how to register for a DOT number: Determine if You Need a DOT Number: DOT numbers are required for commercial vehicles that meet specific criteria. […]
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There can be several reasons contributing to a low rate per mile for truck drivers in the current market. Some of these factors may include: Industry Oversupply: The trucking industry may be experiencing an oversupply of drivers or capacity, leading to increased competition among carriers. This oversupply can drive down rates as carriers vie for […]
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Invoice factoring is a vital financial tool for trucking companies, offering immediate cash flow solutions to address the industry’s unique challenges. Trucking companies often face long payment cycles, waiting 30, 60, or even 90 days for customers to settle invoices. This delay can strain cash flow, hindering day-to-day operations and growth opportunities. Invoice factoring alleviates […]
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