It’s often challenging for small trucking companies to compete with large freight carriers, especially when it comes to driver recruitment and retention. Outsourcing your benefits and HR services to a Professional Employer Organization (PEO) like GMS can help.
Controlling the Risks of Owning a Trucking Company
The amount of freight transported by trucks, trains, boats, and aircraft has grown significantly in recent years. With this growth comes several risks to consider as an owner of a small trucking company.
For one, it’s often challenging for small trucking companies to compete with large players like Amazon, UPS, FedEx, and Walmart, especially when comparing benefits and compensation packages. This can make it difficult for smaller carriers to recruit and retain young drivers who want to be on the road for days at a time.
In addition to talent shortages, there are several compliance, operational, and financial risks within the trucking industry. From a compliance standpoint, it can be challenging to keep up with ever-changing regulations and track the number of hours drivers spend on the road. Not to mention, workplace safety risks and trucking accidents can result in workers’ compensation claims that can threaten your bottom line.
How a PEO Can Help Your Trucking Company
A PEO can provide comprehensive HR services for employers, including payroll processing, HR compliance, risk management, and employee benefits. By outsourcing these HR services to a PEO, you can focus less on recruitment, time tracking, and maintaining compliance and spend more time growing your business.
At GMS, we understand the risks associated with owning a trucking company. As part of our comprehensive HR services, we can help minimize these risks and support your trucking company in a number of ways, including:
Blog Posts about the Transportation Industry
The transportation industry has played a significant role in the industrial development of the U.S. over the past century, providing a link from manufacturers to consumers. Over that time, there have been major advancements in everything from our interstate highway system, to governmental safety regulations, to the tractors and trailers themselves. Here are three challenges facing the transportation industry today.
Workplace injuries are a serious concern for any business. Not only can an injury gravely impact the wellbeing of one of your employees, it can also cause OSHA to come knocking at your door. A serious injury can lead to months of headaches and serious fines, but there are ways you can act to mitigate, or even avoid, OSHA intervention. Here’s how GMS was able to get OSHA to complete an investigation without coming on site or issuing a citation after a notable workplace injury.
Contact us today or visit our FAQ page to learn more about how GMS can make your transportation and logistics company simpler, safer, and stronger.