Today I was doing some research on the state of the Minnesota economy as a part of my business planning. As I was reviewing the Department of Employment and Economic Development’s (DEED) website, I saw an interesting article about the state of trucking jobs in Minnesota. The March 2014 issue of Minnesota Economic Trends Magazine […]
We are excited to announce that Commonwealth Capital, LLC recently funded freight bills for a small trucking company in the Minneapolis-St. Paul metro area. The company was recently granted its operating authority and wanted to use invoice factoring to improve its cash flow. The owner/operator wanted a factor where he’d receive individual attention, and who […]
Starting yesterday, there is a new requirement for medical certificates that affects all truckers under the FMCSA’s jurisdiction. Now, all medical certificates issued to commercial truck drivers must be completed by a certified medical examiner. Medical certificates will still need to be renewed at least every two years. The new requirement shouldn’t place too big […]
There is major road work going on near our office. The southbound portion of I–35 is shut down for miles near our office in Lakeville. The other day, sitting in heavy traffic, I decided to make the most of it. I sat in my vehicle, staring at the small concrete divider separating me from certain […]
In the office today we were discussing some of the problems that truckers are facing right now. From the new Hours of Service rules to weather-related slow downs, small carriers have been taking a beating in the pocket book in the past twelve months.
That conversation naturally led to what we are hearing and seeing in […]