If your business calls for heavy haul transportation of equipment or goods, it's in your best interest to get to know heavy hauling key terms. In heavy haul trucking, for instance, you'll likely often hear phrases such as "number of axles" or "tare weight.
To keep up with the rapidly growing avionics industry, watch for regulatory and technological news that affects aircraft avionics. As private and corporate airplane sales continue to rise, there is more of a need than ever for avionics maintenance for those planes.
Making the most of animal trailers should be a high priority if you own one. Hopefully, the farm trailer was in good shape when you purchased it.
Though built rugged, aircraft landing gear incurs frequent impacts under normal operating conditions, resulting in a lot more stress damage and corrosion than one might expect. Additionally, towing can cause front landing gear to get bent as it impacts with other objects, pressure washing can result in corrosion in bushings and joints and some solvents like paint stripper can cause hydrogen embrittlement.
There are many portable storage trailer types to choose from if your business needs extra storage and/or transport. The most common is the combination of container and trailer-the large box-style container loaded onto a flatbed.
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The technology behind flight allows for many career opportunities including avionics sales and avionics maintenance. The breadth of aviation avionics spans beyond commercial airlines, however.
There are numerous types of trailers used, flatbed trailers included, to haul large or bulky goods and equipment from one location to another. A flatbed load is out in the open.
Automobile trailers are used to transport cars, trucks, ATVs, motor cycles and lawn mowers. These trailers can transport one vehicle or 20 depending on the type and size of the trailer.
If you only think of commercial aircraft manufacture when you think of airplane manufacturing, it's time to expand your knowledge. Aircraft manufacture includes everything from small sport-flying airplanes to commercial jumbo jets.
You provide the load, and heavy-duty trucks will provide the muscle. But there's more to consider here besides truck capacity.
Basic knowledge of heavy equipment hauling is important to a safe and successful trucking. Specialized trucking companies provide most, if not all, of the services a business requires to move heavy haul equipment.
At an aircraft maintenance facility, you see avionics problems every day. Unless you have a certified avionics technician on the payroll, you need to have a relationship with a company that specializes in aircraft electronics.
Transportation equipment makes it possible for business owners to better serve customers and transport equipment, products, demonstration supplies and employees to job sites, product showcases, career fairs and other events. Common types of transportation equipment include airplanes, buses, trucks, automobiles, boats and trains. You have three major options when it comes to buying this type of equipment: purchasing new, purchasing used and leasing.
Purchasing new helps you avoid problems associated with wear and tear on used equipment, but new items have a higher cost. Purchasing used equipment reduces your initial expenses, but it may cost more to repair and maintain a used item once you make the purchase. Leasing allows you to upgrade your equipment regularly and reduces repair and maintenance costs.
Increased Work Capacity
Buying or leasing transportation equipment increases the work capacity of businesses that rely on the transportation of construction equipment, project materials and employees to generate revenue. Using a personal vehicle for business severely limits the amount of equipment and materials you can transport at one time, creating the need for multiple trips to job sites. Personal vehicles also carry a limited number of employees, making it necessary to use several vehicles for the same job. International car manufacturers produce 19,240,607 commercial vehicles each year, according to the European Automobile Manufacturers’ Association. This makes it possible to find just the right transportation equipment at the right price.
Not having the right transportation equipment for your business can increase expenses and reduces profits. You may have to decline a job if you do not have the right equipment for it. This results in a loss of income for your business. If you take the job, you may have to rent equipment or pay someone who has the necessary equipment to help you, which increases your business expenses. Having the right transportation equipment on hand helps you complete jobs at the lowest cost possible.
Owning or leasing high-capacity transportation equipment makes it possible to expand your business and take on more lucrative jobs. Airplanes, boats and trains make it possible to expand into foreign markets. This makes it possible to increase your business revenue.
Internal Revenue Service publication 334 explains that business owners may be able to deduct the costs of operating and maintaining transportation equipment from yearly taxes. If you purchase an environmentally friendly vehicle, you may qualify for additional deductions.
The cost of purchasing transportation equipment changes with the economy, making it difficult to decide when to buy or lease new equipment. The U.S. Bureau of Labor Statistics shows that transportation equipment prices change by as much as 0.4 percent in just one month. If you make a purchase at the right time, you could save money. If you make the purchase and prices fall a short time later, you end up spending more money than necessary.
Creating a commercial transportation fleet has significant costs. In addition to the cost of purchasing or leasing equipment, you also have to pay to store, insure and maintain the equipment. If a piece of equipment breaks, you have to pay for parts and labor to get it back in working order. Fueling commercial vehicles also makes the cost of operating construction equipment prohibitive for some business owners.
Buying or leasing transportation equipment increases your liability, especially if you allow employees to use the equipment. Should your equipment damage property or injure a person, you face significant costs and possible penalties.
Not every business owner qualifies for financing on a transportation equipment purchase or lease. If you do not qualify for a loan, you must find a cosigner or pay cash for the equipment. If you do not have someone willing to act as a cosigner, you may not be able to get financing.
You should consider several pricing factors when determining whether to buy or lease transportation equipment. Buying used equipment reduces your initial costs, but used equipment sometimes needs maintenance and repair to get it working properly. Used equipment may also cost more to repair and maintain due to the reduced availability of needed parts. New equipment helps you maintain a professional image with customers and reduces the risk of having to repair it shortly after the purchase. Buying new equipment takes a lot of capital, however, leaving you with less cash for investments and emergencies. Leasing a fleet requires less of an investment, allowing you to use your working capital for business development activities.
The price you pay for transportation equipment also has a lot to do with your credit history. If you have a history of paying your bills on time, you should qualify for reasonable loan terms. Those with no credit history or a history of defaulting on business or personal debts may have to pay additional fees and interest to secure a loan. Those with poor credit may also have difficulty qualifying for equipment leases. Transportation equipment prices vary greatly, with a used commercial truck costing as little as a few thousand dollars and a high-performance airplane costing millions of dollars. Jacksonville State University estimates the cost of operating a company plane is approximately three to four times greater than the cost of a commercial flight. However, operating a company plane gives you greater scheduling flexibility, allowing you to control when you make deliveries.
When shopping for transportation equipment, examine several models to determine which one best meets your needs. The selected equipment should have the features you desire and the capacity needed for your business. Talk to your accountant to determine if leasing or buying the equipment is the best choice. Ask vendors questions about features, pricing, contract terms and financing before buying transportation equipment.
Transportation equipment may be an important part of running your business, particularly if you are a delivery service or work in healthcare. Transportation equipment includes items such as busses, vans, handicap-accessible vehicles, and others.
One business that specializes in transportation equipment is Tesco. Tesco is a dealer of new and used vehicles that are specialized for businesses that work with senior living, schools, hotels, churches, and more. Vehicles range from shuttles to large passenger transporters.
Other transportation equipment includes limos, charter coaches, and university shuttles. If your business works with transporting students to and from events, you may need a charter bus for long trips. Limos are perfect for wedding parties and school dance transport. University shuttles often run if the campus is large or if there is a lack of on-campus transportation per each individual. These may run to the grocery store, to the mall, or other locations.
When you look into buying transportation equipment, you should look into the size and type of equipment that is right for your business. For example, if you have a childcare business, you may wish to have a bus with seatbelts.
To learn more about transportation equipment, follow the links found on Business.com.
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