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…
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 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…
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…
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…
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…
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…
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…
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…
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…
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