Top 5 things that you can do to grow your trucking business

If you have a trucking company, you know how tough it could be to grow your company from one to multiple employees, accelerate your finance income, to increase your fleet. The apparent benefit of having more vehicles is that they can frequently provide competitive pricing, employ drivers more quickly, negotiate better supplier prices, and generally leverage their scale to deliver faster. However, it is obvious that all the success or failure starts from the economy of a business, so, here are 5 things that you can do to grow your trucking business.

1. Keep updated with the technology
On a daily basis, you are accountable for a lot as the owner-operator of a transportation company. It might be difficult to operate your small business from the road at times. The good news is that technology can assist you in being more organized, managing finances, reducing stress, navigating the road, and much more. For example, utilize GPS to locate the best routes and methods to combine loads to save money. To reduce time and boost efficiency, you should use applications.
Check out these trucking applications that you can use right now for immediate impact:
- KeepTruckin - Combine the best electronic logbook with the best ELD designed for truckers. Receive violation notifications, summarize hours worked, and email logs. HOS warnings for approaching needed breaks, electronic DVIR creation, and automatic IFTA reporting are among the features. Maintain compliance with KeepTruckin.
- Trucker Tools - This app provides real-time traffic information, turn-by-turn instructions, weigh-scale status, correct truck stops along your route, weather conditions, and nearby diesel pricing, among other things. Trucker Tools can help you save money on the road while also finding and booking premium cargo.
- Fuelbook- Look up diesel prices at over 7,000 truck stops around the US. The software claims to have saved the transportation industry over 21 million dollars in fuel costs. Download Fuelbook for free and pair it with an easy-to-use fleet fuel card to maximize your savings with discounted pricing.

2. Get a good understanding of your business finances
You know where you've been, where you are, and where you're going as a trucker. However, as the owner of a trucking company, you must be aware of all of these factors in connection to your money. Consider the following:
Where you've been and how much money you've spent
Current balances - where you are
Where you're headed - your income, spending, and financial objectives
Your strategy for getting there.
Also, you can use the services of professional financial services, like The Speed Bill, as your one-stop for good financial management. The Speed Bill manages your finance, while you manage your business.

3. Commit to providing the best service possible, and then capitalize on it
It may appear easy, but the fact is that this may be the one area where the big boys cannot compete with you. Because you're smaller, you're more agile, hungrier, and have fewer clients. So, treat each one as though they are your most important client, and your phone will continue to ring. People nowadays are still willing to pay a bit extra for the perks that come with being a big fish in a small pond. Grow your trucking company by cultivating connections rather than clients.

4. Work smarter rather than harder
As an owner-operator, you must break free from the corporate driver attitude. You need to start working smarter so you can earn even more. To do this, avoid loads that force you to travel additional deadhead miles. As the owner of an independent trucking company, you must discover loads that allow you to drive less while earning the same amount of money. Fewer miles traveled means less money spent on gasoline, less stress on your vehicle, less time working, and more profit in your pocket.

5. Stabilize and manage efficiently your finances
Most of the time, as a truck driver, you have multiple roles in your new LLC company. When you are small, it’s good to have someone competent, with expertise in managing your business finances efficiently, without errors, mistakes, and so on.
Here, at The Speed Bill, we take care of your finance, by managing your invoices, keeping in touch with the brokers, and assuring that all your payments are done fast, and efficiently. Nevertheless, in the case of any problems, we are the ones that work with the insurance companies.

In the end, there are many other ways how to grow your business. The five mentioned above are some of the crucial moments that you should take care of while managing your business.