Checkout this interview with Henry as he talks with Ed Hennings about terms of agreement, working with freight brokers, knowing who you are, and finding the niches in the trucking industry.
Henry owns Cottage Grove Hauling and starts this interview by highlighting the importance of receiving an agreement of exchange document before you ever move your truck. This binding contract outlines the rate and the services to be performed. Henry advises when working with freight brokers to come to an agreement with a factoring company that is able to pay you more quickly and track the time it takes for the freight brokers to pay. Before getting into the trucking business do your research to know what you are getting into in advance. Expect the unexpected, and know what type of person you are along with your tolerance level if you are thinking about entering the trucking industry. Also consider finding a niche, specialized freight and government contracting are two areas to explore. If you are interested in owning a trucking company this episode of The Urban Trucker with Henry is loaded with information.
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