Interesting summary article discussing the shortage of drivers contrasted with the increased regulation by the government.
The following appeared in the 11.13.18 issue of the Minnesota Trucking Association newsletter and thought it was worth repeating here: “According to the Department of Labor’s monthly Employment Situation Report, the for-hire trucking industry added another 2,400 jobs in October. That’s the sixth straight month that total for-hire trucking employment has gained and the 13th
The American Transportation Research Institute, the trucking industry’s not-for-profit research institute, recently unveiled its Top Industry Issues report, which includes the list of the top ten critical issues facing the North American trucking industry. The top three issues probably present no surprises: Driver Recruitment Hours of Service Rules (more flexibility being needed) Driver Retention Lists
NEW TARIFFS ON TRAILERS, CHASSIS, AND RELATED PARTS FROM CHINA The following excerpt was taken from a recent MTA newsletter giving a “heads” up on some of the cost changes due to recent tariffs imposed. As noted, it looks like it may only affect 38% of the total and may not be a huge factor
National Manufacturing Day One week from this Friday (10.5.18) is designated as National Manufacturing Day. Other than some sectors having problems finding the needed workforce, times are reported good to be in this industry. However, the balance of both fulfilling work force and capital needs in the near term continue to be top-of mind. Partners Funding,
We are proud to release the following results of our annual community focused campaign: “Throughout the month of July, the employees of Great Plains Transportation Services, Inc. and Partners Funding, Inc., have been involved in the seventh annual “Christmas in July- Jeans for Charity”. In order for employees to dress casually at the office they
I recently attended a meeting from Enterprise MN where The State of MN Manufacturing Survey was summarized/presented. Some of the findings were quite interesting and thought we would post a summary of the key points of interest, below: 60% stated workforce is the overriding challenge Confidence highest it’s been since 2008 for both 2017 and
We ran across this article, “5 Cash Management Tactics Small Businesses Use to Become Bigger Businesses“. As written, these are good/primary tactics but there are additional alternatives that can make good cash management sense under certain circumstances (like invoice factoring). The benefit of invoice factoring is predictable/consistent cash flow and a few of the circumstances for review
The month of April is designated as “Stress Awareness Month”. I wonder if the designation is strategically placed in April because of the tax deadline? Stress is brought about by many things but have it on good authority money is a big contributor (reference tax time)! Partners Funding is equipped to help alleviate some of
“You can succeed yourself out of business if you don’t understand the relationship between accounts-payable-days and accounts-receivable-days. This perspective will provide you with a better understanding of the impact of time on cash, and how insidiously success burns cash”. – This is an excerpt from a recent article published by B2B CFO and a concept for
According to the MN Trucking Association in a recent article published (3.27.18), ELD enforcement will begin April 1, 2018. Following is an excerpt from that Article: “Beginning April 1, 2018, if a commercial motor vehicle (CMV) driver is stopped and found to be operating a CMV without a required electronic logging device (ELD) or automatic
