Roadfleet carrier services, Inc. | Application Preview
Roadfleet Carrier Services, Inc. is seeking government grants to navigate financial challenges due to decreased truckload rates, which have negatively impacted their ability to pay vendors and meet payroll. The company has faced difficulties since truckload rates fell significantly from last year, affecting their profitability. Despite these struggles, they have managed to retain employees and maintain their commitment to fair wages.
The business has a growth plan that includes expanding their fleet with more semi-trucks, which would allow for increased revenue and the hiring of additional truck drivers and office staff. Roadfleet emphasizes its commitment to its employees and the positive relationships they've built since their establishment in 2016 by three family members.
In the argument for funding approval, they highlight their integrity and determination to overcome current obstacles in the trucking industry, which remains competitive. Roadfleet believes that fluctuations in the economy are temporary and that, with support, they can sustain and grow their operations. They stress their family-owned status as an advantage, fostering a strong team dynamic and a commitment to their community.
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General Information
Business Registration Number: 47-2139654
Location: goodyear, AZ, United States
Length of Operation: 6-10
Number of Employees: 11-25 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $250k to $500k
Open to Loans: YES
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Funding Usage
At this moment, our main priority is to pay off some accumulating that that we owe to vendors like inland Kenworth and Freightliner of Phoenix. The rates of truckloads have come down substantially and has affected our companies finances. We have been trying to find every means possible to catch up on payments we owe to vendors and every week we are barely making payroll. We do believe that the rates for truckloads will be rising but the rise is slow. Since March loads from LA to Phoenix have gone up from $1000-$1200 last year we were booking loads no less than $1700 from LA to Phoenix , as you can see that is a substantial amount and that is where most of our profit was coming from. During this time we have not fired any employees nor have we given them a pay cut. We are trying to do everything possible to continue running, but we have hit a wall with getting enough funds to pay vendors we owe , I would greatly appreciate being considered for this loan or grant. We are a family owned company run by one brother and two sisters.
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Business Plan
In the next five years, we would like to add more semi trucks to our fleet. Each truck brings in revenue that would then help the company continue to grow and hire more truck drivers in the process of hiring more truck drivers. We would also need more office staff to keep up with paperwork and dispatching demands. I can see a great growth in our future I believe that we are a good trucking company with honest workers. This company started in 2016 by two sisters, and one brother. We have worked together all these years, and the company had been profitable, and we treat all employees with respect and pay better than most trucking companies. We have built a relationship throughout the years with all of our employees I believe that we are going to come out of this current situation, just as strong as we’ve always been. The economy can’t take turns at any moment, but we have always been able to overcome the economical obstacles that come out way. Through the years we have relied heavily on the rate of a truckload. And for whatever reason that we cannot determine, the rates of truckloads have gone down, but yet there is still freight to haul, there are still millions shopping every day, there are grocery stores that get stocked daily, and even the cost of fuel continues to stay steady. So we have not determined why brokers have dropped the price of truckloads by almost $500 per load this isn’t how it usually happens. In the past, if the price of fuel has gone up, then the rate of the truckload goes up in this case, everything remains the same the demand, the expense, but not the profit. We ask that you consider this noble trucking company to invest in because we are still trying our best to keep the doors open for our employees sake we believe that this is only temporary and if we could get a little help, we will continue to run a successful company for years to come.
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Self Identified Competition
In this trucking industry, I would say any other trucking company is a competitor to us. Some don’t need as much profit as others and so they will take the cheap rate and book the loads. Companies like that are what we are competing against. Not so much other trucking companies, since there is an abundance of loads. We are family owned, and with that comes more responsibility to make sure that we represent ourselves, our family, our employees, and our community with the most respect. We all pour our heart and soul into this company for it to be successful. We have to always work together as a team, and we are honest, hard-working, and determined siblings.
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Contact Applicant
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