Our Blog

Autonomous vehicles could seriously disrupt American trucking industry

Posted by Genie Wood on Mon, Aug 24, 2015 @ 08:35 AM

BBC's Rachel Nuwer recently released a report stating that it is estimated that as many as 8.7 million Americans may potentially lose their jobs as self-driving technology is perfected and eventually implemented in the trucking industry. Nuwer also pointed out that a number of small communities across the country that rely on business from passing truckers could also suffer from the decline in economic activity.  

According to data from the census bureau, truck driving has been the number one job in 29 states and has resisted technological advancements for the past 30 years; however, with major technology and transportation companies such as Tesla, Google, and Uber striving to refine the current self-driving technology, trucking and delivery employees are facing the prospect of being squeezed out. 

Advocates of fully automated vehicles suggest that this change could bring a number of benefits for the consumer, such as safer roadways populated by computers that don't make human errors as well as faster delivery times and reduced costs.  

While technology currently threatens a number of human-occupied jobs and careers, there is still no substitute for the human traits that ensure quality consumer experiences--traits such as emotional intelligence and personal care. At TBS Factoring Service, we still prioritize superior human interactions that ensure the very best customer service and experience. We have helped trucking companies maintain and grow their business through bookkeeping, insurance, and freight factoring services for decades. Call us today at (800) 207-7661 to learn more about our services.  

Tags: truckers, TBS Factoring Service, freight factoring, Trucking Jobs

Congress may Lower the Interstate Age Limit for Truck Drivers

Posted by Genie Wood on Fri, Jul 24, 2015 @ 10:49 AM

A bill was just recently introduced into Congress this past week that could allow drivers as young as age 18 to drive commercial trucks across state lines. If the bill passes, it would require that contiguous states join together and form “compacts” to lower the current age limit to 18 for interstate routes. However, there is no limit to the number of states that can join compacts, so potentially the entire US could have its age limit lowered.

This change is in response to the recent shortage of drivers for the freight industry. Previously, 18-year-old drivers were allowed to drive within states, but a driver had to be 21 or older to be able to cross state lines. This limited the industry in its ability to transport cargo between states, but lowering the age limit would allow for more recruits. However, the bill would place certain restrictions on young drivers, such as preventing them from transporting hazardous material or driving oversized or overweight loads.

TBS Factoring Service has been helping trucking companies remain profitable and successful for decades. With the trucking industry undergoing such drastic changes, it is important to keep other aspects of business in line.  With our bookkeeping, insurance offerings, and freight factoring services, we can help independent trucking companies and drivers keep their finances straight in a changing industry. Call us at (800) 207-7661 today for more information.

Tags: TBS Factoring Service, Trucking Laws, Trucking Jobs, Trucking Industry

Transportation's Net Gains Despite Subdivision Losses

Posted by Genie Wood on Thu, Apr 16, 2015 @ 07:17 AM

While the transportation industry saw an increase in employment numbers over the past year, subdivisions of the industry experienced notable job losses.

This past March, the transportation industry added a total of 9,500 jobs. This gain is half of February's, which saw the most trucking jobs added in the past year. Furthermore, certain sectors of the industry, including “support activities for transportation” and “transit and ground passenger transportation,” had employment gains of 8,400 and 3,500 jobs, respectively. 

However, despite these positive gains, sectors like “trucking transportation” and “scenic and sightseeing transportation” experienced job losses. The trucking transportation subdivision lost 6,800 employees this March, while scenic and sight seeing transportation lost 500. For trucking transportation, this is the largest loss in two years. 

Regardless of the job prospects in the trucking industry at any given time, freight factoring services are always an option for trucking companies that want financial assurance. If you are looking to secure immediate payment for your outstanding invoices, assistance from TBS Factoring Services is sure to help. For more information, call us at (800) 207-7661 today.

Tags: TBS Factoring Service, freight factoring, Trucking Jobs, Trucking Industry

6,900 trucking jobs lost in March

Posted by Genie Wood on Fri, Apr 05, 2013 @ 10:42 AM

According to reports from the U.S. Labor Department, the trucking industry lost nearly 7,000 jobs in March.

Despite the unemployment rate dropping to 7.6%, the trucking industry had 6,900 employees lose their jobs, compared to a loss of 2,800 jobs lost in the entire transportation industry.

Additionally, according to Bloomberg News, payrolls increased by 88,000, a number that is significantly less than the 190,000 increase predicted. Fortunately, Bloomberg News also predicts that the national unemployment rate will stay relatively steady at 7.7%.

Losing jobs and employees not only usually reflects financial difficulties, but can also continue to place financial burdens on a trucking company. Fortunately, for trucking companies facing financial issues as a result of unpaid bills and trucking fees, the team at TBS Factoring can help. Call 1-800-207-7661 to learn about how we can help you get the money you need when you need it.  

Tags: TBS Factoring Service, freight factoring, Trucking Jobs, transportation industry

January Jobs Figures Announced

Posted by Genie Wood on Fri, Feb 01, 2013 @ 03:12 PM

Trucking jobs numbers were announced for the month of January, showing 5,000 additional jobs added to the trucking industry. This comes amidst a shrinking overall number of jobs in the transportation industry as a whole, which lost 14,200 jobs in January alone. 

This announcement comes at the same time that job reports for December were revised to show that fewer jobs were actually added in the last mont of last year than was originally thought. Original reports stated that the trucking industry added 4,200 jobs in December, and that number has since been scaled back to 3,400.

With more and more jobs being added to the trucking industry, some trucking companies are finding it hard to make ends meet when clients fail to make timely payments on their invoices. Fortunately, freight factoring can help you get the money you need, when you need it. To learn more about what truck factoring can do for your company, contact TBS Factoring Service today by calling 800-207-7661. 

Tags: TBS Factoring Service, freight factoring, Trucking Jobs