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Restrictive trucking regulation is temporarily suspended

Posted by Genie Wood on Tue, Dec 23, 2014 @ 10:20 AM

Last year, the Federal Motor Carrier Safety Administration enacted new rules limiting the hours of service drivers could be operating a truck. Truck companies vehemently opposed this rule, as they had to drastically rework schedules, staffing, and put more trucks on the road at a time. In fact, trucking companies believed the “Hours of Service” rules impacted the industry so severely that about $500 million was lost this past year.

Due to the outrage, Congressman Richard Hanna has proposed legislation to halt the Hours of Service regulation. The bill he has drawn up will suspend this federal regulation for the 2015 fiscal year and trucking companies can return to their former regulations regarding hours of operation.

While these changes could undoubtedly help many truckers and companies, many find themselves still facing financial difficulties due to clients who fail to pay their invoices. Fortunately, the experienced team at TBS Factoring Service can help you make ends meet. For more information on how our truck factoring services can benefit you, call us today at (800) 207-7661.

Tags: TBS Factoring Service, hours of service regulations, freight factoring, news

April Sees 4% Rise in Truck Tonnage

Posted by Genie Wood on Fri, May 24, 2013 @ 03:58 PM

Truck tonnage is up 4.3% nationally from the same time period last year, reflecting the ongoing strengthening of the U.S. economy. According to the American Trucking Associations (ATA), the April index was 123.2, a decrease of .2% since March but a reminder, nevertheless, that the overall state of the industry is relatively healthy. 

According to economists with the ATA, the relative health of the industry is broadly in line with the current trajectory of the overall economy. Furthermore, according to some, signs for May’s numbers are widely being viewed as positive at the moment. 

At TBS Factoring Services, we are always prepared to help truckers with their freight factoring needs, regardless of the state of the industry or the economy. If you would like to learn more about our services or what we can do for you, contact us today at 1-800-207-7661.

Tags: truck tonnage, TBS Factoring Service, news, Trucking Industry

Pilot Flying J Sued for Defrauding Truckers

Posted by Genie Wood on Fri, May 17, 2013 @ 02:21 PM

Pilot Flying J, the company which manages truck stops throughout the country under the Pilot Travel Centers name, has recently come under scrutiny from the FBI for allegations that some of its sales representatives actively sought to deny truckers rebates to which they were entitled. As a result, several trucking companies have filed suit against Pilot in order to pursue appropriate compensation for their workers.

The suits cite an 120-page filing made by the Federal Bureau of Investigation following a raid on Pilot Flying J’s headquarters on April 15th, 2013, which uncovered evidence of the scheme on the part of Pilot sales personnel to reduce the company’s rebates to truckers in order to boost corporate profits and sales commissions. Pilot’s CEO, James Haslam, has promised that the company will undergo an internal investigation and rebate all those who may have been affected.

Truckers and trucking companies face enough difficulties without being denied the rebates to which they are entitled. If you are having financial problems, consider the benefits that trucking factoring could have for you and your business. To learn more about the benfits that factoring could offer you, contact TBS Factoring Service today at 800-207-7661.

Tags: fraud, TBS Factoring Service, Pilot Flying J lawsuit, news, Trucking Industry

American Trucking Association Fights HOS Regulations

Posted by Genie Wood on Fri, Mar 01, 2013 @ 02:22 PM

The American Trucking Association (ATA) is currently in a legal battle with the Federal Motor Carrier Safety Administration (FMCSA) over proposed hours of service regulation changes, currently set to take effect in July of 2013. In the latest development, the FMCSA has refused to delay implementation of the new policies until after a judicial decision is made regarding contested provisions of the new policies.

According to the ATA, this delay would help save the trucking industry as much as $320 million between now and July 1st, savings which would come from the costs of training employees to comply with the new regulations and other transition costs.

Unfortunately, many of these costs will likely be born, at least in part, by independent trucking operators. At TBS Factoring, we understand how much these types of challenges can affect your business. Fortunately, our freight factoring services can help to keep your revenue streams steady and reliable. To learn more about what we can do for you, contact us today at 1-800-207-7661.  

Tags: TBS Factoring Service, hours of service regulations, American Trucking Association, news, Federal Motor Carrier Safety Administration

Truck Tonnage Increases for December

Posted by Genie Wood on Fri, Jan 25, 2013 @ 04:14 PM

December saw one of the greatest increases in seasonally adjusted truck tonnage for the year of 2012, with the American Trucking Association’s For-Hire Truck Tonnage Index rising 2.8%. That was in addition to a gain of 3.9% in November, which in combination with December’s numbers left the overall truck tonnage hauled across our nation’s roadways at a net positive for the year.

Unfortunately, truck tonnage numbers actually decreased year over year, with December’s number being 2.3% below the comparable number for December, 2011. The decline was attributed by the American Trucking Association to the continuing economic uncertainty facing the U.S. economy. Further difficulties are expected for the first quarter of 2013, but as economic conditions continue to improve, the outlook is more hopeful for the latter parts of the year.

At TBS Factoring Service, we understand that economic uncertainty can make cash flow problems particularly pronounced for independent operators. That’s why we are dedicated to providing cash flow solutions through our freight factoring services. Contact our freight factoring experts today to learn more about what we can do for you.

Tags: TBS Factoring Service, 2012 tonnage, freight factoring, American Trucking Association, news

Cost of Diesel Falls Once Again

Posted by Genie Wood on Fri, Jan 11, 2013 @ 12:16 PM

The U.S. Department of Energy's Energy Information Administration reported that on average, diesel prices across the nation fell once again last week, with an average decrease of .07 cents per gallon. 

However, despite this overall decrease in price, some regions in the U.S., including the Central Atlantic region and the Gulf Coast, saw prices increase last week. 

Nationally, the cheapest diesel last week was found in the Rocky Mountain region, at $3.69 / gallon, while the most expensive was in New England, coming in at $4.15 / gallon. 

At TBS Factoring Service, we know that gas prices can have a substantial effect on the financial well-being of your business, but even when gas prices are low, you still might find yourself in a financial bind if you have clients who won't make timely payments on invoices. For the cash you need now, contact the freight factoring professionals at TBS Factoring Service today by calling (800) 207-7661. 

Tags: freight factoring, gas prices fall, trucking, news, diesel prices fall