Category Archives: Blog & News
Factoring for Hot Shot Carriers: Getting Paid Faster on Freight Loads
Hot shot trucking involves getting loads to their destination as quickly as possible. These are urgent loads, and there’s no time to waste. You’ve done your part and got the items to the destination earlier than expected. That’s great, but …
How Dynamic Discounting Can Benefit Trucking Businesses
Trucking company owners operate on tight margins. There are only so many hours in a day, and you have to be competitive. You can’t take on more work if you’re already on the road for the maximum number of hours …
How to Avoid Invoice Factoring Scams
Trucking companies need a strong, steady cash flow to stay ahead. It’s the key to being competitive, but it’s also difficult when the brokers and shippers you work with take a month or two to pay invoices. Freight factoring is …
How Electric Trucks Could Change Freight Factoring in the Near Future
While guidance changed and now the rush to convert to electric trucks isn’t quite as urgent, there’s still a pressing need to convert buses, delivery vans, and heavy-duty trucks to EVs. Heavy-duty trucks account for 3% of the trucks on …
Preparing for Potential Regulatory Changes: Freight Factoring Tips for Trucking Businesses
So much can happen in one year that impacts the trucking industry. Fluctuating fuel prices, even small shifts, can strain a tight budget. Driver shortages and fierce competition to attract the best talent add to the struggles, but that’s not …
How to Maximize the Value of Your Freight Factoring Agreement
Saint John Capital has witnessed the importance of having an immediate cash flow within the trucking industry. Whether you’re an owner-operator or large fleet owner, having to wait 30, 60, or 90 days before payment is both stressful and detrimental …
ELD Exemptions and Freight Factoring: What Fleets Need to Know
Trucking fleets experience challenges every day. Some are easily resolved, but others take careful planning to avoid. The price of diesel and gas fluctuate, parts for necessary repairs may not be immediately available, and deliveries may be delayed due to …
Gaining a Competitive Edge: How Same-Day Payments Can Set Your Trucking Business Apart
Threats of high tariffs that drop the number of ships coming into ports and ever-changing fuel and maintenance costs make it hard to build a strong cash flow. It’s worse in the leaner months when purchases slow down between holidays …
Our Top Tips for Hiring and Keeping New Truck Drivers
Over 55 million tons of freight move around the U.S. every day according to the Bureau of Transportation Statistics. All of this requires one of the hardest working groups that has workers in every state – truck drivers. When it …
The Role of Freight Factoring in Supporting Minority-Owned Trucking Businesses
The trucking industry sees plenty of ups and downs. It’s also a tough business where you can go weeks or months between doing the work and getting paid. Financial stability is everything when it comes to making it in the …