If you’re a small trucking company owner, you might wonder how you can grow your fleet. There’s no handbook for these types of things, especially for those that are new to trucking, but there are certain things you can do to grow your business. Read these tips so you can get ahead in the trucking industry and be successful.

Invest in a Fuel Card

Fuel is one of the most important expenses that you’ll come across as a trucking company owner. Fuel is essential to your company’s success. If you don’t have it, then your trucks can’t run, and that means you can’t make a profit.

Fleet fuel cards are designed to help you save on this essential expense. Fuel cards can offer credit lines and competitive discounts on diesel fuel, as well as minimize the cost of fuel while maximizing your company’s profit.

Use Apps

It’s time to bring your trucking company into the 21st century! You may not think that there are any apps that your business could benefit from, but in today’s age, there’s an app for literally everything. There are trucker-friendly apps that can make the drive more efficient. Google Maps can help your truck drivers navigate their routes. Apps like Waze are crowd-sourced and often update by the minute to include any recent accidents or road closings. Gas Buddy helps drivers find the cheapest gas prices.

Lease Equipment

Another important expense is equipment. Like fuel, equipment costs can be very high. Instead of owning your equipment, consider selling it to a leasing company. You won’t have to worry about owning the equipment; you can just lease it from the company for a low monthly rate. The leasing company will also have other equipment that you may need but don’t want to buy, which can work out well for you.

Freight Factoring

Freight factoring offers your trucking company the opportunity to grow. Instead of losing money because you’re waiting on a customer’s invoice payment, you can give that responsibility to a factoring company. Freight factoring allows you to have immediate access to cash once you’ve delivered freight. While the factoring company worries about getting payment from your customers, you can use the cash to maintain your daily operations and grow your business.

Corporate Billing Can Help Grow Your Fleet

If you have a trucking company that you’re trying to expand, let us help you! With solutions like cbCharge, we have all the tools you need for success – and we can help you get the cash you need, when you need it. We can take on the responsibility of getting invoice payments while you focus on growing your business. If you’d like to learn more about freight factoring or any of our other services, contact us today.