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Trucking Fuel Discount ProgramBlogFactoring BasicsFleetsFreight FactoringOwner Operators

Calculate Your Cost Per Mile to Maximize Profits

In the trucking industry, we know that profits are everything and it's important to know your truck operating costs for every load. As an owner of a trucking company, making…
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How Do Trucking Companies Make Good Money?

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 trucking fleet…
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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…
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How to Improve Cash Flow and Enhance Your Trucking Company’s Profitability

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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The 5 Most Common Trucking Fraud Schemes and How to Avoid Them

The providers of the eCapital Fuel Card, EFS or Electronic Funds Source, came out with some helpful EFS scam prevention tips to take before issuing an EFS MoneyCode over the phone.…
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How to Calculate Days Sales Outstanding

You work long hard hours on the road, day after day to deliver freight safely and on time. All the while you’re managing the anxiety of waiting for invoices to…
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The Best Key Performance Indicators for Trucking Companies

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…
Freight Factoring

Factoring Trivia: Little Known Facts about Invoice Factoring

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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How to Get Your Trucking Business Invoices Paid Faster

It's frustrating; you work hard, make tight deadlines and deliver the goods, then you have to wait around to get paid. Meanwhile, expenses mount up as your equipment burns fuel…
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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…
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3 Reasons Why Trucking Companies Use Freight Factoring

Why do so many trucking and transportation companies include freight factoring as part of their financing toolkit? The business rationale for choosing factoring for trucking is largely based on the…
Truck driver sitting in a transport truck and smiling as he uses an app on his smart deviceBlogFactoring BasicsFleetsFreight FactoringOwner Operators

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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
pros and cons freight bill factoring blogBlogFactoring BasicsFleetsFreight FactoringOwner Operators

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:…
Freight Factoring QuestionsBlogFactoring BasicsFreight Factoring

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…
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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…
How To Choose The Right Factoring CompanyBlogFactoring BasicsFleetsFreight FactoringOwner Operators

How To Choose The Right Freight Factoring Company

There are so many freight factoring companies to choose from that it can be overwhelming. So, how do you decide who to work with? Choosing the right freight factoring company…
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Freight Invoice Factoring 101: Solving Your Cash Flow Problem

Managing cash flow is crucial for your trucking business. Truck payments, fuel, maintenance, payroll, insurance, and taxes are costs that don’t go away. We know you need a steady income…
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20 Easy Ways Trucking Companies Can Increase Profit Margins This Month

You’re a great truck driver. You know how to choose the best routes, are always reliable and deliver on time, every time. But it takes more than being a great…
Load Matching ServiceBlogBusiness Success TipsFactoring BasicsFreight Factoring

How to Find a Great Online Load Matching Service

If you’re a truck owner-operator, finding loads is one of your main priorities. It’s imperative to increase your loaded miles in order to maximize your profits and mileage. A great…
Grow Your Trucking or Transportation BusinessBlogBusiness Success TipsFactoring BasicsFreight Factoring

8 Things You Can Do Today to Grow Your Trucking or Transportation Business

If you’re the owner of a small trucking business, you know it’s tough to compete with larger fleets. The obvious advantage of more trucks often means that they can offer…
Trucker missed tax reductionsBlogFactoring BasicsFreight FactoringUncategorized @en-ca

Top 10 Commonly Missed Tax Deductions

Are you unsure of the deductions available to you as a trucking business owner? Don't worry, we're here to help! We've teamed up with Jim O'Donnell, owner and CEO of…
Freight Factoring SolutionsBlogFactoring BasicsFreight Factoring

Freight Factoring Solutions – Improving Cash Flow for Driver Incentives and Retention

The American Trucking Association just released some interesting data on the trucking industry that points to some positive performance and economic trends. Here are some highlights from their release: In 2014, trucks…
Invoice Factoring for trucking companiesBlogFactoring BasicsFreight Factoring

6 Reasons Successful Trucking Companies Use Factoring

When you start a transportation company, strong cash flow is just as critical to your business success as your trusty semi truck. As you may know, truck factoring or freight…
apps for truckersBlogFactoring BasicsFreight Factoring

8 Free Apps for Truckers

While on the road, apps can help get you where you need to be, save time, money, and make you skinnier... okay, maybe not skinnier! 1. GasBuddy With fuel being…
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3½ Ways to Grow Your Trucking Business

If there’s one thing we know about trucking businesses, it’s that owner-operators and fleet owners are focused on growth. When we talk to truckers, the majority of them tell us…
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Five Ways to Grow Your Trucking Business

As the owner of a trucking business, you understand well that competing with bigger fleets can be challenging. High driver turnover, maintenance, and a host of other obstacles can make…
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Top 5 Ways for Busy Truckers to Make More Money

If you’re good at your job as a truck driver, it seems to make sense that your experience would make you an awesome business owner. Yet, you’re so busy working…
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Top Ways to Finance Your Fleet

Many trucking companies experience growth and the need for additional financing simultaneously. Demand can be good and yet, with high start-up and operational costs, creative solutions to fund growth may…
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Top 11 Ways to Reduce Your Commercial Trucking Insurance Premiums

Trucking insurance is one of your biggest monthly expenses as an independent owner-operator or small fleet owner. Unfortunately, rates have been increasing by as much as 20% across the board.…
Save on fuel costsBlogBusiness Success TipsFreight Factoring

Top 10 Ways to Save on Fuel Costs

Fuel is the largest operating expense in the trucking industry. A typical commercial truck will use 20,500 gallons of fuel and can easily consume more than $70,000 of diesel fuel…
10 Lessons For Running A Better BusinessBlogBusiness Success TipsFreight Factoring

10 Lessons for Running a Better Business From Popular TV Shows

TV shows are great at illustrating themes of real life; inspiring heroes and leaders, tales of success and hard work paying off, and the overarching theme of accomplishing more as…
7 Smartphone Apps to Improve Truck Driver Health and Fleet ProductivityBlogBusiness Success TipsFreight Factoring

7 Smartphone Apps to Improve Truck Driver Health and Fleet Productivity

Most (if not all) truck drivers today travel with a smartphone or tablet in their cab. It’s become a vital planning tool that can help improve productivity while saving time…
Trucking Companies Can Access Cash for GrowthBlogBusiness Success TipsFreight Factoring

5 Ways Trucking Companies Can Access Cash for Growth

There are a few truths to owning a trucking business that many people don’t fully comprehend – unless of course you’re a trucking business owner. The adage ‘it takes money…
Three Common Invoice Factoring Questions AnsweredBlogFactoring BasicsFreight Factoring

Three Common Invoice Factoring Questions Answered

Invoice factoring may be a relatively new concept to some, but it’s actually been around for centuries as a financial practice. It’s used quite frequently in the transportation and trucking industry, and often…
Apps for Owner-OperatorsBlogBusiness Success TipsFreight Factoring

Top 10 Apps for Owner-Operators

Do you carry a smart phone or tablet with you on the road? There are several apps on the market that can truly help with planning, productivity, and budgets, but…
Apps for TruckersBlogBusiness Success TipsFreight Factoring

5 Free Smartphone Apps for Truckers

Back in June, I posted the top 10 Smartphone apps for truckers to use while on the road. Those apps listed are still great and relevant, but there are some…
Invoice FactoringBlogFactoring BasicsFreight Factoring

3 Reasons Your Customers Will Like Invoice Factoring

Companies of all sizes use invoice factoring (a.k.a accounts receivable financing) to get the capital they need to grow their businesses. Not only has invoice factoring been around for a while,…
Trucking TypesBlogBusiness Success TipsFreight Factoring

Trucking Types

Are you just breaking into the trucking industry? With so many trucking types and jobs to choose from, it may be difficult to choose what’s right for you. In this…
Questions Regarding Invoice FactoringBlogFreight FactoringUncategorized @en-ca

Top 10 Most Frequently Asked Questions Regarding Invoice Factoring

Invoice factoring is simply a cash flow solution that turns invoices into quick cash without adding any additional debt. Common in several industries, invoice factoring allows companies to use the…
Choosing a Freight Factoring CompanyBlogFactoring BasicsFreight Factoring

Top 5 Tips to Consider when Choosing a Freight Factoring Company

Do you know how factoring your invoices can help your business with cash flow? Simply put, factoring is a process where a company purchases your invoices then pays you a percentage of…
The history of invoice factoringBlogFactoring BasicsFreight Factoring

The History of Factoring

Since Mesopotamian times, savvy merchants were trying to find ways to acquire the funds they needed to continue producing their goods. Fast forward about 2400+ years, and their idea is…
Common Freight Factoring Terms DefinedBlogFactoring BasicsFreight Factoring

Common Freight Factoring Terms Defined

If you’re new to factoring, you might come across terms that you’re not familiar with. It’s important that your factoring company explains how factoring works and what each term means.…