VLocity Group Corporation

02/07/2023

What are Freight Brokers asking for when they say you must have an inspection posted with the FMCSA to work with you?

04/09/2021

Avoidiung a DOT Audit on The TruckingMBA

Recently we got a call from a carrier getting a compliance audit.  This is the type of audit you want to avoid compared to the New Entrant Audit that all new carriers will have within the first yea...

04/08/2021

Our Top Rated Youtube video and the NEW TruckingMBA network.

01/01/2021

COVID, oil glut behind many small trucking companies’ bankruptcies in 2020

As the demand for essential goods soared amid the COVID-19 pandemic, larger trucking companies were able to pivot faster than smaller fleets that didn’t have the necessary equipment, finances or drivers.

more...
https://www.freightwaves.com/news/covid-oil-glut-behind-many-small-trucking-companies-bankruptcies-in-2020?utm_source=piano&utm_medium=email&utm_campaign=2630&pnespid=ietj8OVYCleNTCEeSXzwi7Vtz0JnKIXpq0mc0wAR

09/18/2020

The amount of misleading spam has increased significantly in the past couple of months.
2 favorites are Pre-register for your UCR and biennial updates.
One UCR message had the balls to say that you need to pre-register (give them your money to hold) because of the system may be overloaded.
YOU DO NOT HAVE TO DO YOUR BIENNIAL UPDATE ON THE MONTH THAT IS YOUR EXPIRATION. You just need to make sure you are doing the update within the preceding 12-months that your update is due.
I did a screenshot from this page: https://ask.fmcsa.dot.gov/app/answers/detail/a_id/122
Pro Tip: Do your annual review, pull your Clearinghouse query, and update your MCS-150 when you do your IFTA renewal. Or any other annual renewal that you will get notified of. It is like having the state as your own personal reminder service. 😁

08/11/2020

A short tutorial on how to do a standard 1-pick, 1-drop trip with FreightWeb's Carrier Optimization Suite. FreightWeb is focused on building the best Carrier...

06/25/2020

Wow, things are heating up.

According to FreightWaves, tender rejections in Phoenix, Laredo, McAllen, & Jacksonville on long-haul have hit 25%. Expect to see lead times increase as shippers look to secure capacity and brokers will look to cover loads early.

With extended lead times, this provides a great opportunity to book load days ahead out of one of these markets. And maybe you will catch a broker unaware of the market shift in some of these markets that still have rates based on a load going into a backhaul market.

But look at the FreightWeb rates coming out of Laredo!!! Going to Dallas on 460 miles seeing $1,122 on the mid-rate.
(get a free trial at Carrier.MtFreightWeb.com)

Remember that with the information that shippers and brokers are seeing, they will be working to secure capacity as cheap as possible - that is part of their job. Spikes in rejections will have them taking actions to turn that number. Always look at current data.

06/24/2020

You think you are in the freight hauling business but the best-paid carriers are in the communications business.

Here is a business tip that some of you will say "duh" to but many never consider that you need to set-up and check your voice mail. Far too many people with voice mail that was never set-up or is full.

Pro-Tip - Get Voice Mail to text set-up on your account and you can read almost all of the voice mails that are left for you from your phone and delete them without ever having to call into your voicemail.

06/24/2020

A lot has changed while much has stayed the same.

Many small carriers are still focused on a single metric - Rate Per Mile. What was lost in the hype as Spot Market Carriers became a thing, was that RPM was only meant to be an index for a lane, not THE focus on if a carrier is successful or not.

If a carrier focuses on profitability over a period of time, and not by comparing a loads RPM to questionable Cost Per Mile, they would likely make different load choices.

What is changing that can make it easier for a carrier to make load choices to be profitable for the week and month is we are starting to have a better insight in how markets are tightening that looks beyond what you would see just in the spot market (think Load to Truck ratios).

Tender Rejection Rates and Tender Lead Times are leading indicators of what can play out in the Load-to-Truck ratio. However, with shippers looking to secure capacity and brokers looking to secure margin, the forces to keep rejection rates down and cover loads before the Truck to Load ration indicates a tight market, by the time you see a tight market in the old tools, shippers and brokers have already taken action to loosen the market.

Focus on finding loads going to markets that have the best chance of finding a reload. Look for shippers and receivers that don’t have a history of delaying you so that you do not reduce your truck utilization sitting in a door.

Gather information from sources like FreightWaves on what is happening in markets. Read what is being recommended for the shipper and broker. Not just what they are telling the carrier. There is a lot to learn on how to position yourself based on what shippers and brokers are doing to position themselves.

Use rate tools and lane heat map tools like what FreightWeb offers (Heat map being released 7/1/2020). This will help you get select better lanes to run based on weekly and monthly goals.
carrier.MyFreightWeb.com

06/23/2020

For small carriers, Asset Utilization is the biggest lost opportunity.
Freightwaves makes a great observation in the re**er market between LAX and SLC.
Rates from SLC to LAX have dropped because LAX to SLC is on fire.
The rate is at $2.99 from LAX and that is with a 4-day tender lead time.
The roundtrip is over $2/mile. Mid to Large carriers are taking return loads as fast as they can to get back to LAX. That is driving the rate down but they will still see over $6k on the week for a solo and that allows for a 48-hours on the reset.

06/05/2020

I am excited to share that the FreightWeb Carrier Optimization Suite is live!
With this release, they have introduced features that drive profitability and optimize cash flow for your business.
This is an early release with a long list of items still in development. We are looking for early feedback so that we can build this as a tool that truly helps small carriers.
Below are some of the results from transportation and logistics companies we've worked with:
• Increased profitability by 30% using our proprietary pricing tools
• Reduced deadhead miles (with access to over 100K loads daily)
• Increased bottom line by 29% with access to loads from over 40+ boards
• Improved business efficiency by 53%

To register:https://carrier.myfreightweb.com/register (no credit card required)
To learn more: www.MyFreightWeb.com
To request a demo: https://go.oncehub.com/15-30MinuteVirtualCoffeeChatWithAaron?source=freightMastermind

At FreightWeb we have a simple goal: use our innovative hardware and software technology to match and deliver partial truckloads reliably.