Struggling with Trucking Finances? Here’s How to Take Back Control (Without Losing Sleep)

📌 If you’ve ever felt like you’re running nonstop but still broke — this one’s for you.

You’re not alone. We’ve seen 6-truck carriers going negative every month, and new MCs paying for everything out-of-pocket, unsure where the money is going.

Most trucking companies don’t fail because of fuel prices. They fail because no one taught them how to manage the business side of trucking.

💼 Here’s How the Smart Operators Stay Profitable:

Don’t Just “Hope” You’re Profitable — Track It.

Know your cost per mile. Use tools like TruckingOffice or KeepTruckin.

Track fuel, repairs, tolls, IFTA, and driver pay.

Use this guide: https://www.truckingoffice.com/blog/cost-per-mile-calculator/

Stop Getting Burned by Repair Shops.

One of our clients was quoted $4,200 for a scratch — and we negotiated it down.

Use comparison platforms and negotiate fair rates.

Here’s a cost guide: https://www.truckrepair.com/

Pay Your Drivers Fair — But Fair for You Too.

Set clear pay-per-mile terms.

Use payroll tools like Gusto or ADP.

Guide: https://www.truckdriverssalary.com/lease-purchase-programs/

If You’re Factoring, Know the Rules.

Compare providers (RTS, Triumph, OTR Capital).

Look for non-recourse factoring to avoid future collection issues.

Overview: https://www.comcapfactoring.com/blog/factoring-companies-for-trucking/

Budget for DOT Trouble Before It Happens.

Legal defense can cost thousands. Set aside $500+/mo.

Use savings apps like Novo or Relay Bank.

💬 “I used to rely on Excel and memory. Then one inspection almost killed my company. Now I track every load like my life depends on it — because it kind of does.”