Economic challenges like natural disasters, economic downturns, or project setbacks can strain a contractor’s finances and operations. Managing cash flow, maintaining financial discipline, and building strong relationships with your bank are key to navigating these uncertainties and protecting your business.
The trucking industry often faces periods of heightened demand, whether it’s during a surge in consumer spending, a busy shipping season, or a time-sensitive project deadline. These peak times bring unique challenges, including tighter delivery schedules, higher cargo values, and more complex logistics. While these periods offer opportunities for growth, they also introduce risks such as theft, weather delays, and accidents.