Engaged Financial

Engaged Financial Help Trucking Companies Increase Their Cash Flow Through Purchasing Their Accounts Receivables

Engaged Financial is a full-service factoring company that delivers financial solutions unequaled by traditional factoring companies. We currently offer a competitive Fuel Saver Discount program and commercial insurance options through our partnership with Engaged Commercial Services and Mylo.

๐Ÿšš๐Ÿ’ฐ The Economics of Trucking: Exploring the Numbers ๐Ÿ’ฐ๐Ÿšš Did you know that the trucking industry operates on a delicate ba...
01/29/2024

๐Ÿšš๐Ÿ’ฐ The Economics of Trucking: Exploring the Numbers ๐Ÿ’ฐ๐Ÿšš

Did you know that the trucking industry operates on a delicate balance of expenses and revenue? Check out this insightful Vice infographic that sheds light on the economics of trucking. ๐Ÿ“Š๐Ÿ“ˆ

Here's a breakdown of the key figures:

๐Ÿš› Driver Wage: -$0.60

โ›ฝ Fuel: -$0.43

๐Ÿ’ธ Expenses per Mile: -$1.82

๐Ÿ’ต Revenue per Mile: $1.98

๐Ÿšš Truck Payments: -$0.27

๐Ÿ‘จโ€โš•๏ธ Driver Benefits: -$0.18

๐Ÿ”ง Repairs: -$0.17

๐Ÿข Insurance Premiums: -$0.08

๐Ÿš— Tires: -$0.04

๐Ÿšง Tolls: -$0.03

๐Ÿ“ Permits & Licenses: -$0.02

Source: J.P. Morgan accessed via Global X (2023)

But here's the interesting part: despite these expenses, the industry manages to thrive. ๐ŸŒŸ With careful management and efficient operations, trucking companies can achieve an operating profit of $0.16 per mile.

Feel free to join the discussion in the comments section and share your thoughts on the fascinating world of trucking economics. ๐Ÿ—ฃ๏ธ๐Ÿ’ญ

01/26/2024

๐Ÿ“ˆ The current national diesel fuel price average has just been released, and it's making waves! ๐Ÿ’ฅ

โ›ฝ๏ธ Fuel Price/Gallon: USD... ๐Ÿ’ฐ

๐Ÿ“‰ Percent Change: 3.84% โฌ‡๏ธ

๐Ÿ”ป This change represents a significant drop, signaling good news for businesses and consumers alike! ๐Ÿ’ช

๐Ÿ“Š Keeping an eye on fuel prices is crucial for managing costs and optimizing your operations. With this latest update, it's time to take advantage of the lower prices and fuel up for success! ๐Ÿšš๐Ÿ’จ

๐Ÿ”— Feel free to reach out to discuss how this positive trend in fuel prices can benefit your organization. Let's navigate these economic waves together! ๐ŸŒŠ

โ›ฝ๏ธ๐Ÿ’ผ๐Ÿ“ฐ๐Ÿ“ˆ๐Ÿ’ธ

01/25/2024

Finding the best loads can be a daunting task! I've got some amazing tips to help you excel in this game. ๐Ÿ“š๐Ÿ“Š


๐Ÿ” Understand Load Selection: Start by knowing the ins and outs of different load types. Get familiar with weights, dimensions, and special requirements. ๐Ÿ“ฆโœ…

๐ŸŒ Research and Analyze Markets: Stay ahead of the game by studying market trends, demand, and competition. Knowledge is power! ๐Ÿ’ช๐Ÿ’ก


๐Ÿค Build Relationships with Shippers and Brokers: Network, network, network! Forge strong connections with key players to gain access to the best loads and opportunities. ๐Ÿค๐Ÿ“ˆ

๐Ÿ’ป Utilize Load Boards and Online Platforms: Make the most of technology! Find loads efficiently and quickly on online platforms, saving time and effort. ๐Ÿ’ปโฐ

๐Ÿ—บ Efficient Route Planning: Master the art of efficient route planning to optimize your time, fuel, and costs. ๐Ÿ›ฃ๏ธโšก

๐Ÿ’ฐ Negotiation Skills: Hone your negotiation skills to secure fair rates and win-win deals. ๐Ÿ’ผ๐Ÿ’ช

๐Ÿ“ฆ Diversification of Freight Types: Don't put all your eggs in one basket! Explore different freight types to expand your horizons and increase your earning potential. ๐Ÿ“ฆ

๐Ÿ’ต Financial Management: Keep your finances in check! Track expenses, manage cash flow, and plan for the future. ๐Ÿ’ธ๐Ÿ’ผ

๐Ÿ“œ Compliance and Legal Considerations: Stay on top of regulations and ensure your operations are always compliant. Safety first! ๐Ÿšฆ๐Ÿ“œ

๐ŸŽ“ Learn from Industry Experts: Never stop learning! Seek advice, attend workshops, and learn from seasoned professionals to continuously improve. ๐Ÿ“š๐Ÿ‘จโ€๐Ÿซ


๐ŸŽ‰ Conclusion: With determination, knowledge, and the right mindset, you'll soon be finding the best loads like a pro! ๐ŸŽฏ๐ŸŒŸ


๐Ÿšš๐Ÿ’ผ๐Ÿ’ช

01/24/2024

๐Ÿš›๐Ÿ’ง ๐—ฆ๐—ฒ๐—บ๐—ถ ๐—ง๐—ฟ๐˜‚๐—ฐ๐—ธ ๐—™๐˜‚๐—ฒ๐—น ๐—–๐—ฎ๐—ฝ๐—ฎ๐—ฐ๐—ถ๐˜๐˜†: ๐—ง๐—ต๐—ฒ ๐Ÿต๐Ÿฑ% ๐—ฅ๐˜‚๐—น๐—ฒ ๐ŸŒก๏ธ๐Ÿ“


Ever wondered how many gallons a semi truck can hold? ๐Ÿค”๐Ÿš› Well, here's the scoop: on average, a semi truck tank can hold around 120 to 150 gallons of fuel per tank, totaling up to 300 gallons with two tanks! ๐Ÿ’ฆ๐Ÿ”‹

But here's a pro tip from International Used Truck Centers: it's recommended to fill up only 95% of the total fuel capacity, whether it's 120 or 150 gallons. ๐Ÿ“ˆโœ…


"Why?" you may ask. Let's dive into it:


๐Ÿšซ ๐—ฅ๐—ถ๐˜€๐—ธ ๐—ผ๐—ณ ๐—ฆ๐—ฝ๐—ถ๐—น๐—น๐—ถ๐—ป๐—ด: Leaving a little room for air in the tank is crucial to avoid overfilling. An overfilled tank could lead to diesel fuel spilling out through overflow valves, wasting fuel and causing environmental and safety concerns for fellow drivers. ๐ŸŒโ›ฝ

๐Ÿ’ฅ ๐——๐—ถ๐—ฒ๐˜€๐—ฒ๐—น ๐—˜๐˜…๐—ฝ๐—ฎ๐—ป๐˜€๐—ถ๐—ผ๐—ป: Diesel fuel expands and contracts based on the temperature of your driving environment. This can even slightly affect the weight of your fuel! So, by following the 95% rule, you allow for this expansion and contraction, ensuring optimal performance and efficiency. ๐ŸŒก๏ธ๐Ÿ“ˆ

Additionally, it's advisable to never let your fuel tank drain completely empty. Most truckers keep it above 25% capacity. Why? Because contaminants like dirt and bacteria tend to accumulate at the bottom of these large tanks. And guess what? The suction system is designed to draw fuel from above the bottom of the tank! ๐Ÿฆ ๐Ÿ”


Stay informed, stay efficient, and keep on truckin'! ๐Ÿš›๐Ÿ’จ

๐Ÿ”— Get ahead by using our fuel cards that save on average $0.33 per gallon!

๐Ÿššโ›ฝ๏ธ

01/23/2024

๐Ÿ’ผ๐Ÿšš : Transforming the Logistics Game! ๐Ÿ’ชโœจ

Are you tired of waiting for your invoices to be paid? Say goodbye to cash flow challenges and hello to accelerated growth with Invoice Freight Factoring! ๐Ÿ“๐Ÿ’ฐ

๐Ÿ’กWith Invoice Freight Factoring, you can unlock the power of immediate cash flow by selling your outstanding invoices to a trusted financial partner. No more long waits for payment, no more worrying about late fees or missed opportunities! ๐Ÿ’ธ๐Ÿ’ผ

๐ŸŒŸBoost your business success and keep those wheels turning smoothly! From small owner-operators to large fleets, is revolutionizing the logistics industry, providing financial flexibility, and fueling growth. ๐Ÿš€๐Ÿ“ˆ

๐Ÿ’ผ๐Ÿ’ฐJoin the movement and take control of your cash flow today! Don't let your invoices gather dust, let them work for you! ๐Ÿ™Œ๐Ÿ’ช

๐Ÿ“ˆ๐Ÿ“‰๐Ÿššโœจ Exciting Industry Trends Alert! ๐ŸŒŸ๐Ÿ’ผSpot Load Posts โฌ†๏ธ +8.5%Spot Truck Posts โฌ†๏ธ 442.0%Van Load To Truck โฌ‡๏ธ -28.0%Van ...
01/22/2024

๐Ÿ“ˆ๐Ÿ“‰๐Ÿššโœจ Exciting Industry Trends Alert! ๐ŸŒŸ๐Ÿ’ผ

Spot Load Posts โฌ†๏ธ +8.5%
Spot Truck Posts โฌ†๏ธ 442.0%
Van Load To Truck โฌ‡๏ธ -28.0%
Van Spot Rates โฌ‡๏ธ -0.3%
Flatbed Load To Truck โฌ‡๏ธ -9.9%
Flatbed Spot Rates โฌ†๏ธ ๐Ÿ’ฐ
Re**er Load To Truck โฌ‡๏ธ -31.3%
Re**er Spot Rates โฌ‡๏ธ -1.5%
Fuel Prices โฌ‡๏ธ -1.2%

๐Ÿ“† Week Jan 08 - Jan 14 vs. Jan 01 - Jan 07 ๐Ÿ“†

These eye-catching numbers show the latest industry trends that are shaping the transportation landscape. ๐ŸŒ๐Ÿš›๐Ÿ’จ It's crucial for professionals like you to stay informed and adapt to these changes.

๐Ÿ“† Month Dec 2023 vs. Nov 2023 ๐Ÿ“†

As we compare the month of December 2023 with November, we see some significant shifts in the market. ๐Ÿ”„ Some sectors experienced declines, while others witnessed positive growth. It's all about navigating these fluctuations and seizing the right opportunities. ๐Ÿ’ผโœจ

๐Ÿ“† Year Dec 2023 vs. Dec 2022 ๐Ÿ“†

Looking back at the entire year of 2023, the industry has undergone significant transformations. ๐Ÿ”„ The numbers indicate a diverse range of changes across different sectors. Adapting to these trends will be key to success in the upcoming year. ๐ŸŒŸ๐Ÿ”ฎ

Stay ahead of the game, stay informed, and keep innovating! ๐ŸŒŸ๐Ÿ’ช Embrace the challenges and opportunities that these trends present. Together, let's drive the industry forward! ๐Ÿš€๐ŸŒ๐Ÿ’ผ

๐Ÿ“ˆ๐Ÿ’ผ๐Ÿšš

01/21/2024

๐Ÿ“ข New Post Alert! ๐Ÿ“ข

๐Ÿš› Dry Van Report: More Drivers Needed in 2024 ๐Ÿš›

According to a report, it is anticipated that the freight market will experience a need for more drivers and trucks in 2024. ๐Ÿ“ˆ The industry has seen a significant increase in for-hire carriers between mid-2020 and the end of 2021. However, there has been a gradual decrease in carriers since then. As the market cycle changes, there will be a shortage of trucks and drivers to handle the increasing demand for loads. ๐Ÿšš

As we enter 2024, the capacity levels of large truckload carriers are continuing to decrease after a period of expansion. The current levels are similar to what they were in the second quarter of 2020, following the economic disruption caused by the pandemic. ๐Ÿ“‰

This trend suggests that there will be a growing need for drivers and trucks in the coming year. The exact timing of this shortage in 2024 is uncertain, but it is expected to occur at some point. โณ

Stay tuned for more updates on the dry van market! ๐Ÿ“…

01/19/2024

๐Ÿšš๐Ÿ’จ Attention trucking companies! Are you tired of juggling fuel expenses and paperwork? Fuel cards are here to save the day! ๐Ÿ’ณ๐Ÿ’ฐ

โœ… Simplify your accounting: Say goodbye to messy receipts and manual expense tracking. Fuel cards provide detailed reports, making it a breeze to manage and reconcile fuel expenses. ๐Ÿ“Š๐Ÿ’ผ

โœ… Control your fuel costs: With fuel cards, you have the power to set spending limits and monitor fuel consumption. Say hello to efficient budget management and wave goodbye to unexpected fuel expenses. ๐Ÿ’ช๐Ÿ’ธ

โœ… Streamline operations: Fuel cards eliminate the need for drivers to carry cash or use personal credit cards. This means faster transactions, reduced paperwork, and enhanced fleet efficiency. โฑ๏ธ๐Ÿš›

โœ… Hassle-free maintenance: Fuel cards often come bundled with additional perks like discounts on maintenance services and access to nationwide fuel networks. Keep your trucks in top shape while saving money. ๐Ÿ› ๏ธ๐Ÿ’ต

๐Ÿ’ก Embrace the future of trucking with fuel cards and unlock a world of convenience, savings, and efficiency. Join the revolution today! ๐ŸŒŸโœจ

๐Ÿš€๐Ÿ”ฅ

01/17/2024

๐Ÿš›๐Ÿ“ˆ Exciting news in the trucking industry! ๐Ÿ“… DAT Freight & Analytics has just released the latest trends for January 8th - 13th, 2024. ๐ŸŒ

๐Ÿ“Š๐Ÿ’ผ๐Ÿ’ฅDid you know that the first quarter, also known as the "Quiet Season" in freight, is influenced by a slowdown in Asian imports? With the exception of 2020, February import volumes typically hit their lowest point before bouncing back in March and steadily rising until October, which is when import volumes usually reach their peak. ๐Ÿ“‰๐ŸŒ

๐Ÿ“ˆ๐Ÿšš Check out the latest industry trends! ๐Ÿ“Š

Spot Load Posts: +8.5%
Spot Truck Posts: +42.0%
Van Load To Truck: -28.0%
Van Spot Rates: -0.4%
Flatbed Load To Truck: -9.9%
Flatbed Spot Rates: +0.6%
Re**er Load To Truck: -31.3%
Re**er Spot Rates: -2.0%
Fuel Prices: -1.2%

Stay informed and keep an eye on these trends! ๐Ÿ“ˆ๐Ÿš›

01/16/2024

๐Ÿ“ˆ๐Ÿš› Exciting Update in the Transportation Sector! ๐Ÿšข๐Ÿ’ผ

Today, on 1/16, we have some noteworthy information to share about the national rates in the shipper-to-carrier contract and broker-to-carrier spot markets for dry vans. The contract rates, excluding fuel, have reached $2.09 per mile, while the spot rates stand at $1.70/mile (excluding fuel). ๐Ÿ›ฃ๏ธ๐Ÿ“Š

What makes this even more intriguing is the 39ยข gap between shipper-to-carrier contract rates and broker-to-carrier spot rates on National Dry Van. It's worth noting that the spread has decreased by 1ยข since our last report on 12/19. ๐Ÿ”๐Ÿ“‰

Now, let's talk about the national rates for reefers. The shipper-to-carrier contract rates (excluding fuel) for reefers are impressively set at $2.32/mile, while the broker-to-carrier spot rate is $2.08/mile (excluding fuel). This creates a 24ยข spread between the two rates. Furthermore, the spread between contract/spot rates, excluding fuel, has tightened since our last post on 12/19. โ„๏ธ๐Ÿ’ช

We are thrilled to provide you with this valuable data, courtesy of DAT Freight & Analytics. ๐Ÿ”๐Ÿ“Š

Feel free to engage with our post by liking, sharing, or commenting! Join the conversation on the latest trends in the , , and . ๐ŸŒ๐Ÿšš๐Ÿ“ˆ

๐Ÿ“ˆ๐Ÿšš๐Ÿ“ข Industry trends reveal some fascinating numbers for the trucking world. ๐Ÿ“Š๐Ÿ’ผSpot Load Posts: โฌ†๏ธ46.2%Spot Truck Posts: ...
01/15/2024

๐Ÿ“ˆ๐Ÿšš๐Ÿ“ข Industry trends reveal some fascinating numbers for the trucking world. ๐Ÿ“Š๐Ÿ’ผ

Spot Load Posts: โฌ†๏ธ46.2%
Spot Truck Posts: โฌ†๏ธ15.1%
Van Load to Truck: โฌ†๏ธ28.9%
Van Spot Rates: โฌ‡๏ธ0.9%
Flatbed Load to Truck: โฌ†๏ธ68.5%
Flatbed Spot Rates: โฌ‡๏ธ0.9%
Re**er Load to Truck: โฌ†๏ธ0.5%
Re**er Spot Rates: โฌ‡๏ธ3.2%
Fuel Prices: โฌ‡๏ธ1.0%

But wait, there's more! ๐Ÿ“…โœจ
Week Jan 01-07 vs. Dec 25-31:
View Trends ๐Ÿ“ˆ

And that's not all! ๐Ÿ’ฅ๐Ÿ—“๏ธ
Month Dec 2023 vs. Nov 2023:
View Trends ๐Ÿ“‰

The trucking industry is an ever-changing game, and it's crucial to stay ahead of the curve. ๐Ÿ”„๐Ÿš› Embrace the data, adapt your strategies, and unlock success in 2023! ๐Ÿ’ช๐Ÿ’ผ

๐Ÿ“ˆ๐Ÿšš๐Ÿ”ฅ

๐ŸŒŸ Honoring the Legacy of Martin Luther King Jr. ๐ŸŒŸ โœจ Today, as we commemorate the extraordinary life and vision of Martin...
01/15/2024

๐ŸŒŸ Honoring the Legacy of Martin Luther King Jr. ๐ŸŒŸ

โœจ Today, as we commemorate the extraordinary life and vision of Martin Luther King Jr., let us remember the incredible impact he had on civil rights and social justice. His unwavering dedication to equality, justice, and peace continues to inspire generations. ๐ŸŒ

๐Ÿ’ก On this special day, let's reflect on Dr. King's powerful words: "Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that." Let's strive to be that guiding light and spread love, kindness, and understanding in everything we do. โค๏ธ๐Ÿค

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