Strategically time hiring drivers in trucking business to ensure profitability

From Yahoo Finance: 2025-06-28 15:00:00

Small carriers need to strategically time hiring drivers, ensuring consistent profitable freight is available. Knowing cost per mile is crucial before expanding. Hire only when your current truck is optimized, and demand exceeds supply. Have 45-60 days of payroll set aside before hiring to avoid financial strain. Systems must be in place to support additional complexity. Hiring should add margin, not just revenue. Don’t rush – wait until you’re cash-positive and consistent before adding a driver.



Read more at Yahoo Finance: When to Hire and When to Wait in Your Trucking Business