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Diesel prices, insurance costs, maintenance expenses—these short-term headwinds, the constant changes to the trucking market and fighting daily fires can get in the way of business planning.

So how can carriers stay focused on the long term? For the answer, we caught up with Marina Ivanov, co-founder and CEO of Apex Transit Solutions, a fleet based in North Carolina. Ivanov shares how she thinks about running her business and positioning her company’s strengths—plus, her advice for climbing the corporate trucking ladder.

—Interview by Shefali Kapadia, edited by Bianca Prieto

(Image courtesy Marina Ivanov)

What's the most challenging part of being a trucking leader in today's market?

The constant change. The market, rates, costs and customer demands are always shifting, and you have to be able to adapt without losing sight of what it actually costs to operate. One of the biggest challenges right now is defending sustainable rates in a market where there can be pressure to operate below your true costs. You have to know your numbers, know your value and be willing to stand behind both.

What are you hearing from shippers right now, and have you made adjustments to your operations based on that?

I'm seeing more shippers wanting to have direct conversations with asset-based carriers. Companies I've been reaching out to for two or three years are now willing to have conversations about bringing us on as a carrier. I think shippers are putting more emphasis on relationships, reputation and knowing who is actually moving their freight.

For us, that's reinforced the importance of continuing to build around our strengths as an asset-based company and being very intentional about the relationships we're developing.

Is there a mistake you've made while running the business that stuck with you, and what did you learn from it?

I've learned not to ignore my gut when it comes to people. There have been times when I've put someone's experience or expertise ahead of what my instincts were telling me, and I've learned from that.

When you're building a team, you really need to feel 100% confident about the people you're bringing in. If you're already in an "I don't know" place, that's usually telling you something. Experience matters, but so do trust, character and fit.

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How do you remain focused on building your business for the long term, especially when short-term headwinds like diesel or insurance costs rise?

I keep the bigger picture in mind. Almost everything in your home, your office and the world around you was brought to you by a truck at some point. Trucking is vital. It's necessary, and it's not going away anytime soon. There are always going to be difficult cycles and rising costs, but somebody still has to do this work. My attitude has always been: Why not us? That keeps me focused on building something sustainable rather than getting consumed by whatever challenge the market is throwing at us today.

For someone looking to advance their career to the trucking C-suite, what's one piece of advice you'd give them?

Be all in, keep educating yourself and build relationships. Go to the networking events. Talk to people, including the people you don't immediately think can help you. You never know when one connection will lead you to another opportunity or introduce you to someone who changes the direction of your career. Being a strong networker and genuinely building relationships has been one of the most important things I've learned along the way.

The Inside Lane’s Take

Know your value, and trust your gut. One of the biggest parts of being a business leader is holding the line on your company’s value and listening to your inner voice. Once those are solidified, the problems the industry throws at you (diesel prices, insurance costs rising) become easier to solve.

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The Inside Lane is curated and written by Shefali Kapadia and edited by Bianca Prieto.

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