What Is A No-Zone Area? – Be Informed And Stay Safe

What Is A No-Zone Area? – Be Informed And Stay Safe

May 19

Compared to other vehicles, the sheer size of 18-wheelers as well as semi trucks makes any accident involving them devastating. One of the most commonly reported truck accidents involves no zone or blind spot accidents. When another vehicle is in these no-zone areas, the truck driver cannot see them which makes any collision or accident tragic if the driver suddenly makes a driving manuever. For this reason,. Truck drivers should pay attention to these no-zone areas.

According to the website of Williams Kherkher, not all truck drivers fulfill this important responsibility, which could lead to serious truck accidents. Figures from the United States Department of Transportation revealed that more than 413,000 automobile accidents are due to truck no-zone accidents. From that number, almost 160,000 fatalities occurred. Knowledge of these blind spots or no-zone areas can help prevent a fatal accident. Depending on the truck, the size and actual location of its no-zone may vary. Usually, trucks with long trailers may have bigger blind spots at the back of the vehicle. For commercial trucks, the no-zone area can be any of the following:

  • An area which is a length of a car from the rear of the trailer
  • A small area directly in front of the driver, where a tractor can block the view of the driver
  • A small area on the driver’s side that extends from the side view mirror of the tractor to the front of the trailer
  • A large portion on the passenger’s side starting from the side view mirrors to the length of the trailer, with marginal visibility near the rear of the trailer

Although knowledge of a truck’s blind spots can help prevent colliding with a truck, the driver is still responsible for checking any vehicle that would leave or enter its no-zone area before changing speed or direction. For your own safety, avoid staying or overtaking too close from these trucks.

Understanding Your Customers – A Necessity in Choosing the Correct Factoring Program

Understanding Your Customers – A Necessity in Choosing the Correct Factoring Program

Sep 06

Trucking can be one promising business; however, even successful truckers would never want to spend 30 to 60 days waiting to be paid freight bills by shippers and brokers. Delay in payments will have negative effects in the trucking business’ cash flow and to the business, itself, in the long run. Worst, servicing brokers who cannot pay can lead to bankruptcy (at a faster rate).

The emergence of Truckers Bookkeeping Service (TBS) firms is a major benefit to trucking businesses, especially to those that are just starting and small ones. Besides taking these firms’ owners’ mind from the complex and time consuming applications that the state and the federal government require, red tape arrangements and volumes of paperwork and requirements mandated by various regulating agencies, TBS Factoring, most importantly, can also fuel a trucking business’ cash flow, allowing the owner to focus on running his/her business more effectively.

Such is made possible through the TBS accounts receivable financing program, which enables the trucking firm to acquire the cash it quickly needs to maintain business operations. Accounts receivable financing (also known as “Factoring”) is a form of asset-financing arrangement wherein a company makes use of its receivables (money to be paid by customers) as collateral in a financing deal.

The accounts receivable financing program is aimed at helping companies fuel any capital stuck in accounts receivables by transferring the failure-to-pay risk, connected with the accounts receivables, to the financing/factoring company. This is one perfect program which will allow the trucking firm to gain an influx of cash that will sustain it even through financial crises.

With financial concerns taken care of, owners and truck drivers can focus on helping one another run the firm smoothly and avoid getting involved in tragic truck and car collisions which, according to an article in Habush Habush & Rottier S.C. ®‘s website, will result to costly payment of compensation as this will have to cover the victim’s, “medical treatment, lengthy rehabilitation periods, lost income, and short- or long-term disabilities.”

Two TBS programs that business owners can choose from are:

Recourse Factoring – a program wherein the factoring company takes lesser risk since it can reclaim from you (after 60, 90 or 120 days – depending on the factoring agreement) whatever amount it paid you in advance even if the customer fails to pay.

Non-recourse Factoring – this program inflicts all loses on the factoring company (leaving your business financially safe and sound) since it will completely assume the risk of non-payment by your customers after it has bought from you your invoices or account receivables.

Recourse and non-recourse factoring programs have their own specific benefits and risks: while recourse factoring is more affordable since it comes with a lower transaction fee, you will still assume the loss (if the customer does not pay); the non-recourse factoring program, though, transfers the burden of loss to the factoring company, but it requires a much higher transaction fee. Evaluating your customer/s and the value of invoices well is important as this will enable you to choose which factoring program will benefit your situation best.