Commercial businesses in all industries share a common need: the ability to finance operations to keep business running smoothly and generate profit. Since the 2008 credit crisis, banks have increasingly restricted…
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The history of factoring is older than you think The history of factoring is quite old, dating back to the ancient Mesopotamian times and the code of Hammurabi. It is a…
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In the trucking industry, we know that profits are everything, and it’s essential to know your truck operating costs for every load. As a trucking company owner, ensuring you exceed…
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It seems simple enough to make money as a trucker; pick up freight here, deliver it there, bill the customer. To a layman being an owner operator or transportation fleet…
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How do trucking companies make money? The basic principle is simple; trucking companies make money by driving loaded miles and charging a higher rate-per-mile than the company’s cost-per-mile. The greater…
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If you own or manage a trucking company, knowing the key performance indicators (KPIs) is crucial to the success of your organization. KPIs may differ per organization and certainly per…
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Most commercial financial transactions follow a well-established process A transaction starts with a purchase order, an electronic or paper document issued by the Buyer detailing the amount and specifications of…
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What is Invoice Factoring? In short, it is the selling of accounts receivable invoices at a discount in exchange for immediate payment. This practice provides instant business cash flow allowing…
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