Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

5
How To Handle Cash Flow Woes?
Post Flair (click to view more posts with a particular flair)
Post Body

Guys,

Here is some context:

  • 1 month of authority
    -Relying on loads from Truck Stop and Super Dispatch

I am trying to figure out how to manage cash flow. We want to grow the company and get more drivers but here is the issue. We are not using a factoring company just yet, because we have to pay $4500 to break the "contract" after Engaged Financial factoring company forced a contract on us (maybe that is mostly to blame).

I feel like most of the money from the load goes towards fuel, food, tolls and misc operating expenses, which I feel leaves little for net profit per load.

How do you guys manage cash flow? Is the answer to just get more loads? I was thinking that if the truck can do 2 loads per day @ $1500 a day, then there should not be a problem, but then I feel like it goes back to that very same issue of net profit.

I am just looking on guidance on this topic. Don't have a CDL yet so that is also limiting many loads that can be taken on.

Please help, because this is damn stressful. Officially been in business for 2 weeks. Building relationships with brokers that we do a good job for, but don't know where else to look for loads other than cold calling different brokers.

Maybe I am missing something that could give our company a fighting chance.

Author
Account Strength
90%
Account Age
4 years
Verified Email
Yes
Verified Flair
No
Total Karma
422
Link Karma
237
Comment Karma
144
Profile updated: 1 day ago
Posts updated: 8 hours ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
5 months ago