Trucking companies have been essential to transporting freight across the United States. While there are millions of truck drivers, many trucking companies operate with twenty or fewer trucks. Obtaining a cash advance can help trucking companies by allowing them to expand their fleet size, update their technology, and invest in inventory, all of which can improve their competitiveness and profitability. A cash advance from Crest Hill Capital provides flexible financing options to help trucking companies strengthen their logistics through improved data systems and process optimization.

1. How the Trucking Business has
been America’s Backbone

2. There are millions of truck drivers in the United States.
Majority of the freight (both consumer and commercial
goods) that is moved across the United States is delivered
by truck drivers. Out of the many trucking companies in
the country, many of them operate twenty or fewer
trucks. Commercial trucking companies realize that cash
availability is of prime importance. Thousands of
trucking companies have found merchant cash advances
by Crest Hill Capital Limited to be helpful with
customized financing options. Let us understand how a
cash advance can benefit your company.

3. Expand your Fleet
Research has indicated that trucking companies with larger
fleets typically earn a greater return on their investment.
Larger companies can save on equipment, labor, insurance,
and other costs, which will, in turn, reduce the cost of
operating per mile. If you have only a limited number of
trucks, you may not be able to take on additional tasks,
often having to reject high paying and high priority jobs. By
adding more trucks to your fleet, you can accept more jobs,
which will enable you to earn more revenue.

4. Update your Technology
If you are serious about your business, you will ensure
that your company is always equipped with the latest
technology. Any delay in updating your technology will
make you fall behind your competitors, and you could
risk underperforming. Finding ways to implement new
technology is one of the surest ways your business can
maintain its competitive advantage. Technological trends
in the trucking industry include improved camera
systems, enhanced routing systems, and electronic
logging devices, among others.

5. Invest in Inventory
In order to save costs, it is advisable to purchase
equipment and spares in larger quantities. This will
bring down the per-unit costs. Over a period of time,
this marginal cost saving will improve the company’s
financial performance. Using additional working
capital, you can purchase additional inventory for your
trucking company. You can have your inventory of items
you know you would use in the future, such as tires,
lights, and other mechanical equipment in bulk.

6. Research and Implementation
Trucking companies can greatly benefit from
improved logistics. For example, UPS’s policy of
using left turns only when necessary was a logistical
move, which resulted in the company saving a
tremendous amount of fuel per year. Even if your
trucking company may not be as big as that of UPS,
there are logistical changes you can implement in
order to operate at a higher efficiency.

7. Improving your company’s logistics requires investing in
the right automated data systems and process engineers.
Crest Hill Capital provides cash advances that will help you
in upgrading your logistical systems that meet your needs.
If you are a trucking company looking to expand your
business but have not received a favorable answer from a
bank, a cash advance could be the game changer you were
always looking for. Look no further than Crest Hill Capital
to fulfill your financial needs as they can be trusted to
meet your needs.