Gestionar el flujo de efectivo se trata de mantener vivo un negocio. En Trucking y otras industrias que operan con márgenes ajustados, tener efectivo cuando sea necesario es la diferencia entre quedarse y salir del negocio. Incluso un negocio rentable en papel puede fallar si no tiene el efectivo...
Cash flow
Why Cash Flow Is Critical to Running a Successful Business
Managing cash flow is about keeping a business alive. In trucking and other industries operating on tight margins, having cash when needed is the difference between staying in and going out of business. Even a profitable business on paper can fail if it doesn’t have the cash available to cover fuel, maintenance, payroll and other daily expenses.
Cash flow is the lifeblood of operations for owner-operators, fleet owners and small businesses alike. It determines whether the wheels keep rolling,...
https://www.freightwaves.com/news/why-cash-flow-is-critical-to-running-a-successful-business
Brokers must bring operations, accounting teams together to boost cash flow
Brokers know that cash flow is one of the most critical aspects of their companies’ success — or failure. Despite this, the primary focus of popular industry technologies lies in freight delivery, not necessarily extending to proof of delivery or payment collection.
“When we think about TMS offerings and freight applications, we typically only focus on freight getting delivered. The conversations drop off drastically after that, but POD recovery is super critical,” Tai Software CEO Walter...
Flexport juices trade finance program with $200M credit line from KKR
Flexport Capital, the trade finance arm of third-party logistics provider Flexport, announced Thursday it has secured a $200 million credit facility from insurance accounts managed by global investment firm KKR to support continued geographic expansion and development of more financial products.
Flexport’s suite of financial services provides importers and exporters with access to working capital for inventory and logistics expenses. Suppliers often require upfront payment for goods that can be...
The fuel surcharge: Is there a better way to manage fuel costs?
This story originally was published by FreightWaves in October 2017 and remains particularly relevant in the current supply chain environment.
Fuel surcharges have a long history in the transportation industry, dating back to the Arab oil embargo in 1973 by most accounts. While the early days of surcharges were straightforward to calculate – although wholly unfair to shippers in many cases – that is no longer true.
In the 1970s, the Department of Energy (DOE) set up a fuel surcharge formula to...
Modernizing insurance will keep small fleets’ wheels turning
One aspect of the transportation industry still stubbornly against digital transformation is insurance. To acquire insurance, carriers often endure a traditional procurement cycle that requires extensive back and forth for providing loss runs. Partly because of the 300% spike in nuclear verdicts, insurance rates for small fleets have doubled over the past few years.
On Friday’s episode of WHAT THE TRUCK?!?, Scott Prince, CEO of trucking insurance-tech company CarrierHQ, shared how his company is...
https://www.freightwaves.com/news/modernizing-insurance-will-keep-small-fleets-wheels-turning
New insurance program rewards safe driving with savings up to 30%
While dust settles around a tight and tense election and the just-in-time COVID-19 vaccine distribution plan is deep in the development stage, the often-overlooked small fleet owners are keeping their wheels turning in the rush of peak retail season.
Regardless of circumstance, small fleets remain frustrated by their spiking insurance premiums and are searching for ways to save significant money and increase cash flow.
Many of those fleets, which make up 97% of America’s transportation industry,...
https://www.freightwaves.com/news/new-insurance-program-rewards-safe-driving-with-savings-up-to-30
With eye on rebound, United looks for alternative to furloughs
Domestic airlines this week announced plans to permanently eliminate large numbers of management and administrative jobs as a prelude to even larger reductions in frontline forces. But United Airlines (NASDAQ: UAL) CEO Scott Kirby dismissed furloughs as an a primary option, saying they are a temporary solution that undermines the ability to capitalize on growth opportunities when coronavirus fears subside and travel takes off again.
No one knows when strong demand will return, so United’s...
https://s29755.pcdn.co/news/with-eye-on-rebound-united-looks-for-alternative-to-furloughs
ZIM’s loss drops as EBITDA and cash flow jump
ZIM’s year-over-year operating cash flow zoomed upward by more than 70% in the first quarter of 2020.
The Israel-based container carrier reported operating cash flow of $101.6 million in Q1, a 70.2% increase from the $59.7 million reported in 2019.
ZIM Integrated Shipping Services Ltd. said that despite the challenging and unprecedented business environment during the coronavirus pandemic, it continued to improve its commercial and financial performance and expand its global network.
Adjusted net...
https://s29755.pcdn.co/news/zims-loss-drops-as-ebitda-and-cash-flow-jump