Category: Uncategorized

The right factoring company can boost your cash flow, provide peace of mind, and help your carrier business thrive. That’s why you need OTR Solutions.

Carriers and owner-operators deal with a lot of unpredictability on the road. From equipment breakdowns and bad weather to accidents and changing legal requirements, there’s always something that could disrupt their operations. That’s where commercial truck insurance steps in. It helps cover financial risks, from liability costs to repair expenses, ensuring that truckers are protected. With the right insurance, they can stay focused on keeping their business moving, no matter what challenges come their way.

As a carrier, you shoulder numerous responsibilities, from keeping your drivers productive to ensuring their safety and the safety of others on the road. This includes protecting other drivers, bikers, and pedestrians alike. One key aspect of this protection is carrying bodily injury liability insurance, which helps cover expenses if your drivers are involved in an accident that causes injury to others. Understanding what bodily injury liability insurance covers is essential for maintaining a safe and compliant operation.

For carriers navigating the complexities of the transportation industry, errors and omissions (E&O) insurance is a vital yet often overlooked safeguard. Whether you’re handling freight contracts, managing customer expectations, or dealing with compliance, mistakes can happen. E&O insurance provides essential protection, covering financial losses that result from unintentional errors or oversights in your services. If you’re unfamiliar with this type of coverage, now is the time to get informed. Here’s everything transportation companies need to know about E&O insurance.

The day-to-day operation of your brokerage depends on efficiency, and a transportation management system (TMS) can make a world of difference. A high-quality TMS can streamline your supply chain management and back-office work by combining load board integration, shipment tracking, accounting processes, and document management into one platform, saving you time and money. Designed to help you scale, reduce costs, and improve your productivity, a TMS can pave the way for your business’s success.

Shippers have freight in need of moving — and if they don’t have a private fleet at the ready, they’ll need to work with carriers to get it delivered. But there are times when shippers don’t have easy access to a carrier. That’s where brokers come in.

You may have come across the term ‘TMS’ at some point and asked yourself, ‘What is a TMS system?’ If so, you’re not alone. While shippers are the primary users of TMS systems and generally use them to manage the routing guide for the lanes in their transportation network, TMS systems are also incredibly valuable for carriers and brokers. We’re here to dive deep into all things TMS-related and get to the bottom of why carriers and brokers alike are increasingly using a TMS to take their business to the next level.

Freight brokers are an essential part of the transportation industry, connecting carriers with shippers that need freight hauled.

Thinking about becoming a carrier or owner-operator? It’s important to understand the difference between DOT numbers and MC numbers, as well as the specific requirements for each. A DOT number is necessary for companies involved in interstate commerce, while an MC number is required for transporting regulated commodities. Knowing which one applies to your operation is key to staying compliant and avoiding potential penalties.

For many newcomers to the industry, adapting to the world of trucker terminology can feel a little bit like learning a completely different language. But trucker lingo isn’t that hard to decipher once you get down a few key phrases about the equipment, people, industry, and organizational elements you’re likely to encounter throughout your time in the trucking business.

Do you know the exact tools you need to compete and profit? The Modern Brokerage ebook provides an overview of the tools modern brokerages use and covers the core software components, their use, and how they can rocket your brokerage to the next level.