Monthly Archives: July 2020

4 Things Every Commercial Driver Should Know

Truck drivers and other logistics workers fill vital roles in society. There is also a certain sense of freedom that comes with spending each day on the road. If you are considering entering the transportation field as a commercial driver, there are some things you should know to make your work safer and more productive. 

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1. The Location of Rest Areas

You might as well face the fact that, when you are on the road for long hours, you will eventually need to stop. Whether that is for fuel or to get in required sleep, you want to stop at a place that is safe, clean and appropriate. Knowing the location of open rest areas will make any long-haul trip go easier and more smoothly. 

2. What To Do in the Case of An Accident or Traffic Violation

Being involved in a traffic accident or getting a ticket can be disastrous for a trucker. You should be prepared ahead of time by knowing where to find CDL traffic ticket lawyers who can help you fight any violations that might restrict your ability to gain employment. 

3. The Number for a 24-Hour Roadside Assitance Service

From blowouts to breakdowns, getting stuck on the side of a highway is more than an inconvenience for a truck driver. It can also mean a late delivery or missed pickup. Always keep contact information for a roadside assistance service that can help you get back on the road quickly and safely. 

4. Universal Laws Pertaining to CDL Drivers

There are some rules that pertain to commercial drivers regardless of where in the U.S. you are driving. These are largely regulated by the Federal Motor Carrier Safety Administration and cover things like class restriction, hazmat endorsements and how many hours you can drive without stopping for a break. Take time to learn regulations and follow them to avoid fines or the possible revocation of your CDL. 

Earning your CDL can open employment opportunities. However, there are some things you should always keep in mind before you head out on the road. 

What You Need to Know About Outsourcing in Manufacturing

Outsourcing is an increasingly common practice in many industries, whether it’s getting contract machining done for a few components of your product or turning the entire manufacturing process over to an offshore facility. Most often, businesses outsource to reduce production costs. Is it always the right idea, though? Consider the following when deciding if your business should outsource.

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What Outsourcing Can Save You

Cost reduction has always been the primary reason to outsource manufacturing. This comes in a few different forms:

  • The overhead costs of owning and operating a manufacturing facility can be mitigated by outsourcing. This means needing less in-house equipment and less downtime for maintaining said equipment. Additionally, you reduce costs associated with utilities.
  • Labor costs are also reduced by outsourcing, as you have less full-time employees on your payroll. This applies for both overseas production and turning to temporary agencies.

On top of reducing costs, outsourcing allows a company to focus its efforts and resources on sales, marketing, etc. instead of machinery that may become less relevant as product demands change.

Long-Distance Logistics

A decentralized production line presents its own challenges, however. For starters, outsourcing introduces new costs and fails to eliminate some other costs. Shipping and distribution may now include moving product components around, and you need to locate suppliers and negotiate contracting costs with them. Overhead costs like insurance premiums aren’t reduced, either. Also, if you need small batches of specialized parts, contracts may cost too much to be worth it.

Outsourcing also means loss of control over aspects of manufacturing, especially when it comes to overseas production. Without this oversight, there’s not much you can do when a production batch goes wrong or the facility experiences downtime, and your R&D can’t provide quick feedback to the manufacturers when it’s necessary.

Ultimately, you need to weigh the costs reduced and the costs incurred by outsourcing—including costs that aren’t purely financial. Transitioning back to in-house production can be difficult if outsourced manufacturing doesn’t work out, so weigh your options before acting.

3 Simple Steps To Take Today Towards Financial Freedom

No matter your financial situation right now, financial freedom is possible. You don’t have to struggle or feel controlled by your money. Here are 3 simple steps you can take today to get in control of your finances.

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1. Set Goals

Writing down what you want and when you want to achieve it is an important step to making dreams a reality. Setting financial goals can help you feel more in control of your finances. They can help guide your financial plan and give you simple, actionable steps to take each day to move you closer to your goals. Once you know what your goals are, you may want to consider financial planning Souderton PA to help you reach them.

2. Automize Savings

Make saving money something you don’t have to think about. Set up a way to save money automatically every month. This can be by setting up an automatic transfer from your checking account to a savings or investment account. If you receive a paycheck via direct deposit, check to see if you can split the deposit into multiple accounts. That way every payday a portion of your paycheck goes directly into your savings account.

3. Transfer Debt

If you are working to pay down high-interest debt, such as credit card debt, see if a lower-interest option is available. It may seem counter-intuitive, but opening up a new credit card account can help save hundreds of dollars in interest. Many credit cards will offer 0% APR on balance transfers within a certain period of opening. Take advantage of the offer to transfer your debt to the new card. Then create a plan to pay off the remaining balance before the 0% APR offer expires.

Taking small steps consistently can have a significant impact on your finances and improve your feelings of control. Financial freedom is possible if you are willing to work towards it every day.