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Freight Factoring
01.13.21

Five Tips for Following Up on Accounts Receivable

It can be one of the greatest frustrations of owning your own trucking company – you do a great job delivering safely and on time, but your customers won't pay on…
Alma Bailey
Freight Factoring
01.06.21

How Factoring Helps Assess Credit Risk & Improve Cash Flow

Providing payment terms to customers is common practice in the trucking industry. Failure to do so will undoubtedly lead to a dramatic loss of business. Shippers expect at least net…
anthony
BlogBusiness Success TipsFreight FactoringFreight Factoring Basics
12.15.20

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 factoring can be…
anthony
BlogBusiness Success TipsFreight FactoringFreight Factoring Basics
12.07.20

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…
anthony
BlogFreight FactoringFuel Cards
12.02.20

Fleet Fuel Cards vs Credit Cards

Is your trucking company using a credit card instead of a fuel discount card as your company’s fleet card? If so, you’re paying far too much for diesel, your company’s…
Alma Bailey
history of truckingBlogFreight FactoringFreight Factoring Basics
11.18.20

The History of Invoice Factoring in the Trucking Industry

Invoice factoring is older than you think The concept of factoring is quite old. Factoring has been around since the ancient Mesopotamian times and the code of Hammurabi. It is…
Alma Bailey
BlogFreight FactoringStarting a Trucking Company
11.04.20

The Ultimate Cheat Sheet to Starting and Running Your Own Trucking Business

Congratulations! You’ve decided to start a new trucking company and be your own boss. Trucking is one of the best ways to become a business owner. To succeed you will…
Alma Bailey
BlogFleetsFreight FactoringOwner Operators
10.28.20

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…
anthony
BlogBusiness Success TipsFreight Factoring
10.21.20

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…
Alma Bailey
BlogFreight FactoringStarting a Trucking Company
10.05.20

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…
anthony
BlogCash Flow TipsFreight Factoring
09.30.20

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…
Alma Bailey
BlogBusiness Success TipsFreight Factoring
09.23.20

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.…
anthony
BlogFreight Factoring
09.16.20

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…
Alma Bailey
BlogBusiness Success TipsFreight Factoring
09.03.20

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…
Alma Bailey
BlogFreight FactoringFreight Factoring Basics
08.10.20

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…
Alma Bailey
Transport truck driving on a highway towards a horizonBlogFreight FactoringFreight Factoring Basics
07.21.20

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…
anthony
Truck driver reviews a clip board in front of a transport truckBlogFreight Factoring
06.17.20

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…
Corey Shelson
Truck driver with sunglasses sitting in a transport truck giving the thumbs upBlogFreight FactoringFreight Factoring Basics
05.15.20

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…
anthony
BlogBusiness Success TipsFreight FactoringTrucking Company Tools
05.08.20

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…
Tre
Man writing on documents with one hand and typing numbers into a calculator with the otherBlogFleetsFreight FactoringOwner Operators
04.27.20

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…
anthony
Two people in business attire sit together and have a discussionBlogFactoring Line of CreditFleetsFreight FactoringOwner Operators
04.17.20

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…
Tre
trucker tax deduction blogBlogBusiness Success TipsFleetsFreight FactoringOwner Operators
04.09.20

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…
anthony
large trucking fleet financing imageBlogFactoring Line of CreditFleetsFreight FactoringFreight Factoring BasicsOwner Operators
04.02.20

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…
anthony
ways to find truck loads blog featured teal treatmentBlogBusiness Success TipsFind LoadsFreight FactoringOwner Operators
04.01.20

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…
anthony
how covid 19 impacts trucking industry blog featured imgBlogFleetsFreight FactoringFreight Factoring BasicsOwner Operators
03.23.20

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…
anthony
how to strengthen trucking company blogBlogFleetsFreight FactoringFreight Factoring BasicsOwner Operators
02.27.20

How Factoring Strengthens a 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…
anthony
protect trucking business fro bank loan covenants blogBlogFactoring Line of CreditFleetsFreight FactoringFreight Factoring Basics
01.24.20

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…
anthony
pros and cons freight bill factoring blogBlogFleetsFreight FactoringFreight Factoring BasicsOwner Operators
11.19.19

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:…
anthony
Freight Factoring QuestionsBlogFreight FactoringFreight Factoring Basics
10.08.19

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…
anthony
when good time start freight factoring blogBlogBusiness Success TipsFleetsFreight FactoringFreight Factoring BasicsOwner Operators
08.27.19

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…
anthony
How To Choose The Right Factoring CompanyBlogFleetsFreight FactoringFreight Factoring BasicsOwner Operators
07.08.19

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…
anthony
Driver in Truck with a business graphBlogCash Flow TipsFleetsFreight FactoringFreight Factoring BasicsOwner Operators
07.01.19

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…
anthony
Proud driver standing next to truckBlogFleetsFreight FactoringFreight Factoring BasicsOwner Operators
05.20.19

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…
anthony
Load Matching ServiceBlogBusiness Success TipsFreight FactoringFreight Factoring Basics
05.10.19

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…
anthony
Trucker missed tax reductionsBlogBusiness Success TipsFreight Factoring
03.22.19

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…
anthony
Freight Factoring SolutionsBlogCash Flow TipsFreight FactoringFreight Factoring Basics
01.14.19

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…
anthony
apps for truckersBlogFreight FactoringTrucking Company Tools
09.08.17

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…
anthony
factoring truckingBlogBusiness Success TipsFreight Factoring
04.20.17

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…
anthony
factoring freightBlogBusiness Success TipsFreight Factoring
03.17.17

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…
anthony
factoring companyBlogFreight FactoringHow Truckers Make Money
10.05.16

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…
anthony
truck factoring companiesBlogBusiness Success TipsFleetsFreight Factoring
08.25.16

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…
anthony
Reduce Trucking Insurance PremiumsBlogBusiness Success TipsFreight FactoringFreight Factoring Basics
06.30.16

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.…
anthony
Save on fuel costsBlogBusiness Success TipsFreight FactoringFuel Cards
08.17.15

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…
anthony
10 Lessons For Running A Better BusinessBlogBusiness Success TipsFreight Factoring
08.13.15

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…
anthony
7 Smartphone Apps to Improve Truck Driver Health and Fleet ProductivityBlogFreight FactoringTrucking Company Tools
07.31.15

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…
anthony
Trucking Companies Can Access Cash for GrowthBlogCash Flow TipsFreight FactoringHow Truckers Make Money
05.19.15

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…
anthony
Three Common Invoice Factoring Questions AnsweredBlogFreight FactoringFreight Factoring Basics
03.06.15

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…
anthony
Apps for Owner-OperatorsBlogBusiness Success TipsFreight FactoringOwner OperatorsTrucking Company Tools
01.15.15

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…
anthony
Apps for TruckersBlogBusiness Success TipsFreight Factoring
01.05.15

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…
anthony
Invoice FactoringBlogFreight FactoringFreight Factoring Basics
10.29.14

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,…
anthony
Trucking TypesBlogBusiness Success TipsFreight FactoringStarting a Trucking Company
12.20.13

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…
anthony
Questions Regarding Invoice FactoringBlogFreight Factoring
12.16.13

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…
anthony
Choosing a Freight Factoring CompanyBlogFreight FactoringFreight Factoring Basics
12.13.13

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…
anthony
The history of invoice factoringBlogFreight FactoringFreight Factoring Basics
12.12.13

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…
anthony
Common Freight Factoring Terms DefinedBlogFreight FactoringFreight Factoring Basics
12.09.13

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.…
anthony