Managing the cash flow of a transportation company can be very challenging. You have a number of expenses which have to be paid quickly fuel, drivers, repairs, etc. On the other hand your income from freight bills is slow to come by since shippers can take up to 60 days to pay their invoices. This can create a cash flow imbalance since expenses are going out faster than income is coming in. Larger companies can deal with this problem by either dipping into cash reserves or by getting a bank line of credit. Unfortunately, most small transportation companies don’t have cash reserves and can’t qualify for conventional bank financing. There

Full Post…

Tension over the European debt crises was exacerbated as the exchange rate for the Euro fell below $1.30 today. The major US indices were down over 1 percent as a result. 30-year Treasury bond yields are at 2.93 percent, a record low, further signalling a lack of confidence in the long term prospects for the economy. In brighter news, OPEC announced that it would be increasing its oil production, though analysts are skeptical that the magnitude is enough to have a real impact on world oil prices. Chinese officials announced that they would be levying tariffs as high as 12.9 percent for cars imported from the US, prompting General Motors (GM) to consider ramping up its local production within that country. Full Post…

When it comes to getting the best help about taming your financial worries, you’ll see that most financial consultants will refer you to a debt consolidation non-profit company. They say that the non-profit companies can be trusted than their for-profit counterparts and therefore when a debtor finds himself drowned in a sea of debt, he should get help from such a company. Many people bear the conception that the non-profit debt consolidation companies will not charge you any fees but this is nothing but a wrong notion. As such firms are funded by local credit unions and some business organizations; they charge you lower fees than the for-profit companies. T Full Post…

There have been a growing number of reports announcing the death of American homeownership over the last two years. Some have said we are evolving into a rental society and even challenge the long standing belief that homeownership should be a part of the American Dream. They look at the falling rate of homeownership as proof of their point. Others say that the younger generations no longer see the value in owning over renting.

However, this past week, two news items might refute these points.

Full Post…