Trucking Companies Revving Up For 2018
American trucking companies are excited for 2018, with predictions of strong demand for freight haul creating much anticipation for the big year ahead. According to the trucking industry leaders, indicators are strongly pointing to a sustained period of business expansion in the US and globally. This confidence is boosted by Congress’s efforts on tax reform, as many in the trucking industry hope will lead to a friendlier regulatory environment for fleet, trucking, and transportation workers. FTR analyst Steve Grant has gone so far as to say that he expects the GDP to continue accelerating. He notes that a 1.5% increase in 2016 climbed to 2.2% in 20, and should reach 2.8% in 2018. This is before even taking into account the impact of tax reform legislation that is currently being rolled out.
For many trucking companies in the US, this marks a moment of growth potential not seen in over a decade. Trucking companies can expect to see a boost in demand, but the major question remains whether or not companies have enough positive cash flow to capitalize. As opportunities in the trucking industry appear, companies still require cash on hand in order to seize them. If a lack of cash flow traditionally keeps you from these types of growth opportunities, as a trucking
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This transaction increase cash flow, while fuel in growth in overall prosperity. With many factoring companies (such as Accutrac Capital, for example) specializing in the trucking industry, it’s no surprise that so many owners are regularly employing this tactic in their day-to-day business operations. Visit their site to find various invoice factoring options for truck drivers — and are custom-tailored to operations of varying sizes and