Our Blog

Straight talk, advice, tips and insights.

BlogFreight FactoringFreight Factoring Blog

Thinking about Flat Fee Factoring? Make Sure Your Deal is Simple and Flexible

Freight transportation is a fast-paced industry requiring constant action to source loads, deliver freight and maintain operational efficiencies. To keep up with these and other continuous demands, it can be…
How to start a trucking company with just one truckBlogFreight FactoringStarting a Trucking Company

How To Start A Trucking Company With Just One Truck

If you have a passion for being your own boss and have a keen interest in trucking, this is the right business for you. Your income potential is only limited…
BlogFreight FactoringFreight Factoring Blog

A Freight Broker’s Path to Success

Freight demand has been regaining momentum following the initial disruptions of the pandemic and is now reaching an $800 billion industry in the USA. With constrained truck capacity supporting freight rate increases,…
BlogFreight FactoringFreight Factoring Blog

Why Choose a Freight Factoring Company Rooted In Experience?

Trucking is a capital intense industry. For a majority of trucking companies, reliable, flexible funding is an absolute necessity to keep hauling. To grow the business, expanding credit limits and…
BlogFreight FactoringFreight Factoring Blog

The Difference between Recourse and Non-recourse Factoring

In the transportation sector, running a company comes with many challenges, but one of the biggest is managing the heart and soul of your business — your cash flow. Restricted…
BlogFreight FactoringFreight Factoring Blog

Understanding Rates, Fees and the Total Cost of a Factoring Agreement

Over the past ten years, invoice factoring has become a widely used cash flow solution across North America. Its popularity has been growing due to the simple yet effective way…
BlogFreight FactoringFreight Factoring Blog

eCapital Connect – Introducing Your Fastest Way to Cash

Freight carriers and brokers are in a constant fight against time - delivering shipments safely and on schedule is only half the battle. Gaining fast, easy access to working capital…
BlogFreight FactoringFreight Factoring Blog

How Does Invoice Factoring Increase Business Profits?

Why do a growing number of trucking companies include invoice factoring (also known as freight factoring or transportation factoring) as part of their financial strategy? The answer lies in the…
BlogFreight FactoringFreight Factoring Blog

How to Charge the Right Truck Freight Rate (Per Mile)

Trucking is a highly competitive industry with slim margins. The truck freight rate you charge will have a significant impact on the volume of loads you haul and your bottom…
BlogFreight FactoringFreight Factoring Blog

How to Shop For Commercial Truck Insurance

There’s no getting around the fact that commercial truck insurance is a costly but necessary business expense that cannot be avoided. Without adequate truck insurance, the financial consequences of a…
BlogFreight FactoringFreight Factoring Blog

Economic Trends on the Rebound and the Driver Shortage

The driver shortage continues to challenge the transportation industry’s capacity to meet freight demand and is stifling the growth potential for many trucking companies. It’s a decades-old problem that has…
A semi truck parked by the roadBlogFreight FactoringFreight Factoring Blog

A Trucker’s Guide to Paying HVUT – Form 2290

Just a few short months ago your trucking company had to pay its 2020 year-end taxes - but it’s not over yet, another truck tax is looming just around the…
An image of two large semi trucks on an highwayBlogFreight FactoringFreight Factoring Blog

Is Your Trucking Company Prepared For Growth in 2021?

The trucking industry is volatile by nature – how well your trucking company is prepared to ride wild swings in demand, rates, rising fuel costs and numerous other fluctuating trends…
Clearing Through the Cloud of Factoring MythsBlogFreight FactoringFreight Factoring Blog

Clearing Through the Cloud of Factoring Myths

Invoice factoring has been part of the trucking industry from day one. In fact, it has supported numerous industries for thousands of years before trucks were even imagined. Yet, despite…
How to Choose the Best Freight Factoring Company For Your BusinessBlogFreight FactoringFreight Factoring BasicsFreight Factoring Blog

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…
Invoice Factoring for Trucking 101: Solving Your Cash Flow ProblemBlogCash Flow TipsFleetsFreight FactoringFreight Factoring BasicsOwner Operators

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…
What Is a Freight Broker, and What Do They Do?BlogBusiness Success TipsFreight Factoring

What Is a Freight Broker, and What Do They Do?

Any experienced trucker will tell you that maximizing equipment utilization is a key strategy to ensuring the success of your trucking company. Another way to look at it is –…
Controlling Your Trucking Company’s Cost of FuelBlogBusiness Success TipsFreight Factoring

Controlling Your Trucking Company’s Cost of Fuel

Keeping your costs under control is crucial to the financial success of your trucking company. An increase in revenues doesn't always translate to an increase in profitability. However, a dollar…
Cost Per Dollar – The Real Cost of FactoringBlogBusiness Success TipsFreight Factoring

Cost Per Dollar – The Real Cost of Factoring

Invoice factoring is growing in popularity as a preferred funding solution to support trucking operations and fuel growth. Yet despite being a mainstream financial strategy, most truck company owners fail…
Will Your Trucking Company Get Paid? Assessing Credit RiskBlogBusiness Success TipsFreight Factoring

Will Your Trucking Company Get Paid? Assessing Credit Risk

One of the many advantages of working with a specialized invoice factoring company for the trucking industry includes access to a large database of credit information on existing and potential…
Why Refer a Friend for Freight Factoring?BlogBusiness Success TipsFreight Factoring

Why Refer a Friend for Freight Factoring?

Why should you refer a friend to eCapital Freight Factoring? The simple answer is to be helpful, establish cooperative relationships and get cash rewards in the process. When you refer…
Increase Trucking Company Profits with an Improved Fuel Buying StrategyBlogBusiness Success TipsFreight Factoring

Increase Trucking Company Profits with an Improved Fuel Buying Strategy

By better managing fuel costs and having an effective fuel buying strategy, business owners and fleet managers have the ability to make their trucking businesses more profitable. Fuel costs are…
Increase Trucking Company Profits with an Improved Fuel Buying StrategyBlogBusiness Success TipsFreight Factoring

Is Factoring a Good Idea for Your Trucking Company?

Trucking is a great business full of risk, rewards, difficulties and success stories. It is a volatile industry, ever-changing with new technologies, new regulations, fluctuating market conditions and global disruptions…
Spot Factoring vs Contract Factoring for Trucking CompaniesBlogBusiness Success TipsFreight Factoring

Spot Factoring vs Contract Factoring for Trucking Companies

For trucking companies, operational interruption can have serious negative impact on customer relations and your bottom line. Having preventative programs in place to avoid disruption is a key strategy to…
Refer a FriendBlogBusiness Success TipsFreight Factoring

How to Qualify for Freight Factoring

If you own a trucking company there are a number of issues that continuously occupies your mind – ensuring readily available access to working capital is one of the most…
How to Qualify for Freight FactoringBlogBusiness Success TipsFreight Factoring

Typical Freight Factoring Terms You Should Know

Reliable access to working capital is a critical necessity for any trucking company. The choice to start factoring freight bills to support operations and fuel growth is a sound business…
A moving truck on a highwayBlogBusiness Success TipsFreight Factoring

How Working Capital Can Challenge Trucking Companies

A company’s working capital is a core part of funding its daily operations. Despite the extreme importance of over-the-road services, freight carriers and brokers continue to experience difficulty in meeting the…
A female truck driver behind the steering wheels of a parked tralierBlogBusiness Success TipsFreight Factoring

Company Driver vs Owner Operator – What’s the Difference?

With positive projections of healthy market conditions stretching out over the next two years and more, there is no better time to launch their own trucking company. As the massive…
company driver vs owner operatorBlogBusiness Success TipsFreight Factoring

How to Prepare Your Trucking Company for Autonomous Driving

Does the thought of self-driving freight trucks cause you concern for the viability of your trucking company or your career as a truck driver? According to truck industry experts, it…
Autonomous TrucksBlogBusiness Success TipsFreight Factoring

How to ready your truck company for a rebound year in 2021

Top industry analysts are expecting a very strong market and an improving environment for trucking companies to achieve greater profitability in 2021. The rollout of vaccines marks the beginning of…
Trucking companies experiencing working capital demandsBlogBusiness Success TipsFreight Factoring

How To Avoid Trucking Scams

The unfortunate reality is that as people and organizations become more vulnerable, scammers become more active. Since the beginning of the health crisis, there’s been a considerable increase in fraud…
Bank Loan vs Freight FactoringBlogCash Flow TipsFreight FactoringFreight Factoring Blog

Bank Loan vs Freight Factoring

Lock and Load Your Backup Financial Plan – Get Ready for High Demand 2021 is shaping up to be a good year in trucking with growing demand for capacity and…
TruckBlogFreight FactoringFreight Factoring Blog

Is being an owner operator in 2021 worth it?

Last year proved to be a significant year for the trucking industry as the entire globe faced the effects of the coronavirus pandemic. Trucking was declared an essential service for…
image of two trucksBlogBusiness Success TipsFreight Factoring

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 trucking business owners, the majority of them…
Company Driver vs Owner OperatorFreight FactoringFreight Factoring Blog

How To Improve Your Trucking Company In 2021

Operating a trucking company is not for the faint of heart, it takes road experience, an entrepreneurial spirit and a tough hide. Be sure you are prepared for the road…
Five Tips for Following Up on Accounts ReceivableFreight FactoringFreight Factoring Blog

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…
How Factoring Helps Assess Credit Risk & Improve Cash FlowFreight FactoringFreight Factoring Blog

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…
6 Reasons Successful Trucking Companies Use FactoringBlogBusiness Success TipsFreight FactoringFreight Factoring BasicsFreight Factoring Blog

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…
8 Things You Can Do Today to Grow Your Trucking or Transportation BusinessBlogBusiness Success TipsFreight FactoringFreight Factoring BasicsFreight Factoring Blog

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…
Fleet Fuel Cards vs Credit CardsBlogFreight FactoringFuel Cards

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…
The History of Invoice Factoring in the Trucking IndustryBlogFreight FactoringFreight Factoring Basics

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…
The Ultimate Cheat Sheet to Starting and Running Your Own Trucking BusinessBlogFreight FactoringStarting a Trucking Company

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…
Calculate Your Cost Per Mile to Maximize ProfitsBlogFleetsFreight 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…
How Do Trucking Companies Make Good Money?BlogBusiness Success TipsFreight Factoring

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…
How to Improve Cash Flow and Enhance Your Trucking Company’s ProfitabilityBlogCash Flow TipsFreight Factoring

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…
The Best Key Performance Indicators for Trucking CompaniesBlogBusiness Success TipsFreight Factoring

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…
actoring Trivia: Little Known Facts about Invoice FactoringBlogFreight FactoringFreight Factoring Basics

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

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

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…
How to Easily Calculate and Improve Your Trucking Company Profit MarginsBlogBusiness Success TipsFreight FactoringTrucking Company Tools

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

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

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…
trucker tax deduction blogBlogBusiness Success TipsFleetsFreight FactoringOwner Operators

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

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

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

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…
how to strengthen trucking company blogBlogFleetsFreight FactoringFreight Factoring BasicsOwner Operators

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…
protect trucking business fro bank loan covenants blogBlogFactoring Line of CreditFleetsFreight FactoringFreight Factoring Basics

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 blogBlogFleetsFreight FactoringFreight Factoring BasicsOwner 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 QuestionsBlogFreight FactoringFreight Factoring Basics

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

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 CompanyBlogFleetsFreight FactoringFreight Factoring BasicsOwner 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…
Proud driver standing next to truckBlogFleetsFreight FactoringFreight Factoring BasicsOwner Operators

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 TipsFreight FactoringFreight Factoring Basics

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…
Trucker missed tax reductionsBlogBusiness Success TipsFreight Factoring

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 SolutionsBlogCash Flow TipsFreight FactoringFreight Factoring Basics

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…
apps for truckersBlogFreight FactoringTrucking Company Tools

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…
factoring freightBlogBusiness Success TipsFreight Factoring

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…
factoring companyBlogFreight FactoringHow Truckers Make Money

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…
truck factoring companiesBlogBusiness Success TipsFleetsFreight Factoring

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…
Reduce Trucking Insurance PremiumsBlogBusiness Success TipsFreight FactoringFreight Factoring Basics

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 FactoringFuel Cards

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 ProductivityBlogFreight FactoringTrucking Company Tools

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 GrowthBlogCash Flow TipsFreight FactoringHow Truckers Make Money

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 AnsweredBlogFreight FactoringFreight Factoring Basics

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 FactoringOwner OperatorsTrucking Company Tools

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 FactoringBlogFreight FactoringFreight Factoring Basics

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 FactoringStarting a Trucking Company

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…
Choosing a Freight Factoring CompanyBlogFreight FactoringFreight Factoring Basics

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 factoringBlogFreight FactoringFreight Factoring Basics

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 DefinedBlogFreight FactoringFreight Factoring Basics

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.…