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Freight rates in the heavy trucking industry are typically determined through a combination of fixed prices, bidding, and negotiated prices. Different methods may be used depending on the specific circumstances and parties involved. 1. Fixed prices: Carriers may have predetermined fixed prices for certain routes or types of cargo. These rates are typically based on […]

Before integrating artificial intelligence (AI) into our operations, small carriers typically relied on technology solely for meeting statutory requirements, missing out on its potential for enhancing day-to-day functions. However, our utilization of AI, such as OpenAI, marks a transformative shift. By employing AI algorithms, we’ve empowered our system to navigate and extract pertinent information from

Most carriers are paid based on a fixed load price, whereas brokers are paid based on a fixed price, per mile, per job, or even an hourly charges as well. In the trucking industry, the relationship between brokers and carriers is load specific. A rate confirmation order (Rate-Con) is used as a contract. Rate-Cons are

Optimizing returns on your trucking business is a must for all trucking companies of all sizes. Being an owner operator and working with a broker to secure a permanent route at a fixed price is a better way to overcome the challenges of the highly volatile trucking industry. In addition, having hands-on experience in equipment

The unorganized, and small business owner operators do not have the tools and techniques to track the costs and associate with number of miles driven, which are loaded miles and empty (deadhead) miles. The operators often miss Loads to collect and never had comprehensive understanding on costs per mile. LoadMiles is built with this essential

Records of Duty Status (RODS) The driver’s duty on the road is hard to predict and will vary daily. A driver must always follow three maximum duty limits: the 14-hour “driving window” limit, 11-hour driving limit, and 60-hour/7-day and 70-hour/8-day duty limits. Drivers can work seven days in a row but must have a break

The trillion-dollar supply chain management is a prominent avenue of interest for Owner-operators / small carrier investors. Trucking tends to face recession more often – almost two times more than the regular economy – and stringent regulations challenge you to run a profitable business. Nearly 90% of trucking companies are owned by small and family