Credit card processing fees are a silent profit killer, especially in high-volume industries like trucking. But an increasing number of savvy trucking companies are taking back control by choosing to add a surcharging program. And if you’re using CDK Global’s software, you may already have everything you need to do the same. What Is Surcharging? Surcharging is the practice of…
High truck detention times, which involve drivers sitting idle while they’re waiting for their trucks to be loaded, are a common challenge in the trucking industry. Recent research says that 87% of all truck drivers spend up to 29% of their possible driving time in detention. This often means that some of your drivers’ per-mile compensation is going toward fees…
Earlier this month, we saw another chapter in the tariff gridlock imposed by the Trump Administration. After lifting a month-long pause, the U.S. implemented tariffs on Canada and Mexico, along with increasing tariffs on China by 10%. Read on to find out more about how this will affect the trucking industry and how your trucking company can respond. The Effects…
According to the American Transportation Research Institute, traffic congestion cost the U.S. trucking industry a record-high $108.8 billion in 2022. If you’re wondering, this is equivalent to 435,686 truck drivers (or 22% of all Class-A licensed drivers) being idle for a whole year. The average cost per every registered combination truck comes out to $7,588. Interestingly, the total hours of…
In recent years, the integration of new technology has been a major factor in the trucking industry. For a popular example, look no further than cameras on heavy-duty trucks. Thanks to the latest smart camera technology, truckers can gain new insights, capture more angles, and derive more operational value from video than ever. Why are smart cameras such a hit…
In February 2024, the U.S. Securities and Exchange Commission (SEC) adopted new disclosure rules regarding cybersecurity. Despite being designed for the benefit of public companies, these rules also affect trucking companies that do business with public firms. Why is this the case? Simple: trucking companies’ computer networks are often linked with networks of their public company customers. As a result,…
These days, being a good business owner requires a thorough understanding of credit card processing fees. If you’re not sure what’s the difference between flat rates and interchange plus rates, for example, there’s a decent chance you’re losing money on every transaction. Want to ensure you’ll maximize your savings on payment fees? Here’s what makes the above two pricing models…