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Checklist: How to Choose the Best Factoring Company

You’ve made a great decision; to leverage your accounts receivable and access fast cash by factoring your invoices. The next step is to find the best factoring company for trucking … Continue reading "Checklist: How to Choose the Best Factoring Company"

How to Easily Calculate and Improve Your Trucking Company Profit Margins

Just like any other business, your trucking company needs to run at a profit or it will quickly fail. Sounds like stating the obvious doesn’t it, yet it’s surprising how … Continue reading "How to Easily Calculate and Improve Your Trucking Company Profit Margins"

How a Factoring Line of Credit Trumps Factoring and a Line of Credit

Regardless of whether it’s riding through a pandemic, battling against freight shortages or going flat out to keep up with demand, maintaining positive cash flow is a constant challenge for … Continue reading "How a Factoring Line of Credit Trumps Factoring and a Line of Credit"

Freight Factoring Helps Trucking Companies Turned Down by Banks

Trucking companies cannot depend on the banking system to provide working capital solutions or trucking business loans. Prior to the coronavirus (COVID-19) outbreak, carriers and brokers had great difficulty getting … Continue reading "Freight Factoring Helps Trucking Companies Turned Down by Banks"

How Shavings Make a Pile – Trucking Tax Deduction Tips

It was late on a Friday afternoon and I was already thinking of what seasoning I was going to put on the steaks when I took that last call.  I … Continue reading "How Shavings Make a Pile – Trucking Tax Deduction Tips"

How Financial Bank Covenants Affect Your Trucking Business

During this period of national crisis, the extreme peaks in demand for capacity combined with a faltering economy have heightened the difficulty of maintaining positive cash flow for truck company … Continue reading "How Financial Bank Covenants Affect Your Trucking Business"

7 Ways to Get Loads for Your Trucking Business

No matter how much the world changes around us, one thing that remains constant is the need for truckers to know how to find loads to haul. Through freight recessions … Continue reading “7 Ways to Get Loads for Your Trucking Business”

Why Trucking Can’t Shut Down During a Pandemic like Coronavirus

The COVID-19 global pandemic is an unprecedented health threat, and the trucking industry is taking its place in history as an essential service during this crisis, which is why the … Continue reading "Why Trucking Can’t Shut Down During a Pandemic like Coronavirus"

How Can Factoring Strengthen Your Trucking Company?

Invoice factoring puts trucking companies at an advantage over the competition and lets them run a stronger business. How, you ask? Let’s break it down. When you factor invoices, you … Continue reading "How Can Factoring Strengthen Your Trucking Company?"

Protect Your Trucking Business from Bank Loan Covenants

It’s a good thing that truckers are a tough breed as these are certainly tough times we’re in. During the first half of 2019, approximately 640 trucking companies went bankrupt across North … Continue reading "Protect Your Trucking Business from Bank Loan Covenants"

Freight Invoice Factoring – Know the Pros and Cons

If you’ve been in the transportation industry for a while, you’ve heard of factoring. It is far from a new financial service. And there’s a reason it’s been around forever: … Continue reading "Freight Invoice Factoring – Know the Pros and Cons"

Top 10 FAQs about Invoice Freight Factoring

We factor a lot of freight invoices for transportation companies and truckers and therefore get a ton of good questions thrown our way. Here are the most common questions we … Continue reading "Top 10 FAQs about Invoice Freight Factoring"

How To Start A Trucking Company With Just One Truck

Starting a trucking company is a big decision. Becoming a business owner operator is, without a doubt, a huge responsibility, and taking the first steps can feel overwhelming. Take a … Continue reading "How To Start A Trucking Company With Just One Truck"

When Will Your Business Benefit from Freight Factoring?

Working in the trucking industry is no walk in the park. Everyday demands keep you busier than you ever thought you’d be. There’s so much to do: Finding loads Hauling … Continue reading "When Will Your Business Benefit from Freight Factoring?"

Calculate Your Cost Per Mile to Maximize Profits

In business, we know that profits are everything. As an owner of a trucking company, making sure you exceed your break-even point is crucial to staying on the road. One … Continue reading "Calculate Your Cost Per Mile to Maximize Profits"