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McLeod/KSM Transportation Accounting & Finance Virtual Conference

Posted 6:15 PM by
Like many other industries, transportation has been significantly affected by the COVID-19 pandemic. From finding better ways to manage cash flow to adopting new technologies, the crisis has forced transportation companies to undergo a myriad of changes this year in order to survive. These changes greatly affect the role of financial professionals who work for transportation providers, including trucking companies or brokerage/3PL companies.
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6 Tips for Strategically Managing Transportation Brokers

Posted 8:15 PM by
In the course of our consulting practice, we review and analyze many carriers’ freight networks. This consultation includes reviewing clients’ strengths and weaknesses when it comes to managing transportation services. While every carrier we visit uses transportation brokers, most do not have a strategy for those relationships. Carrier/broker relationships are largely transactional in nature, and are typically handled at a low level in the carrier’s organization.
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On-Demand Transportation Webinar: Untangling the Paycheck Protection Program (PPP) Loan Forgiveness Application

Posted 8:15 PM by
Ever since the initial release of the Paycheck Protection Program (PPP) in early April, borrowers have been frustrated by the lack of detailed guidance about the program’s parameters. Although the Small Business Administration (SBA) has shared minimal updates over the last month, authoritative guidance clarifying critical definitions and providing much-needed direction has not been available. On May 15, the SBA released the PPP loan forgiveness application, an 11-page application that sheds some light – although dim – on several outstanding items.
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Freight Rates: The Games Continue

Posted 8:15 PM by
We are in uncharted waters as a world, a country, and a freight economy. Networks have been disrupted, plants shuttered, trucks parked, and drivers unemployed. Carriers and brokers are doing what they can to get through the worst of the disruption while planning for the restart of the economy as North America emerges from the shutdown. Shippers are using the disruption to lower their shipping costs.
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Transportation Webinar: Carriers: Navigating Financial and Operational Challenges During Uncertainty

Posted 2:30 PM by
The evolving COVID-19 pandemic has caused the trucking industry to tackle rapidly changing operational and financial practices. The Coronavirus Aid, Relief, and Economic Security (CARES) Act has provided economic relief to businesses and individuals, but many carriers are wondering how to maximize the tax and loan provisions designed to incentivize employee retention and help maintain cash flow. How can carriers best shift the financial and operational structure of their business to address everyday needs during these uncertain times?
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Transportation Webinar: COVID-19 Federal Assistance for Small & Mid-Size Carriers

Posted 8:40 PM by
In this webinar conversation, hosted by the American Trucking Associations (ATA) National Accounting & Finance Council (NAFC) April 7 from 2:00-3:00 p.m. EDT, Randy Hooper, partner with Katz, Sapper & Miller’s Transportation Services Group, will moderate a panel of SBA lenders to answer questions about eligibility requirements and the loan process
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Transportation Live Stream: A TCA Town Hall: Navigating the CARES Act

Posted 8:00 PM by
In response to the COVID-19 crisis, President Trump signed into law a $2 trillion stimulus package. Nearly 20% of these funds are earmarked for small businesses in the way of potentially forgivable SBA loans. Claiming this “grant” may require guidance from key advisors. TCA’s John Lyboldt will moderate a group of industry experts as they explain how to navigate this unprecedented opportunity that will be a lifeline for so many trucking companies.
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Asset Based Trucking During and After the COVID-19 Pandemic

Posted 7:25 PM by
At the end of the last century, when I owned and operated trucking companies, we used to daydream about how great it would be if some sort of capacity constraining event occurred and there were fewer trucking companies, and thereby trucks (capacity), available to the shipping public. We would finally find common ground with the shippers who held our rates down for so many years, pay the drivers what they were worth, and see big financial results. We could never have imagined – or wished for – the current circumstances we are experiencing with the COVID-19 pandemic.
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Transportation Webinar: Managing Operations During Uncertain Times

Posted 9:30 PM by
The evolving COVID-19 pandemic continues to create more questions than answers for companies in all industries. Trucking, especially, has faced changing operational practices and industry regulations that leave many carriers wondering how to best shift the structure of their business to address everyday needs during these uncertain times.
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Transportation Webinar: Financial Navigation in Uncertain Times

Posted 5:45 PM by
The global COVID-19 pandemic has created uncertainty for companies in all industries. With fluid changes to regulations and the creation of new critical business objectives to deliver medical supplies and consumer necessities, the business of trucking has taken an unexpected turn. How does this new reality impact your company?
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