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Partners Funding Blog

Job Growth
Posted on November 14, 2018

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

Trucking Industry Top Issues
Posted on October 31, 2018

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

Trucking Costs
Posted on September 27, 2018

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

Capital – National Manufacturing Day
Posted on September 25, 2018

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,

Community Involvement
Posted on August 21, 2018

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

State of Manufacturing Survey
Posted on May 29, 2018

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

Cash Management Tactics
Posted on April 26, 2018

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

Stress Awareness Month
Posted on April 19, 2018

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

Growth & Cash Flow
Posted on April 3, 2018

“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

Electronic Log Enforcement
Posted on March 28, 2018

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