Category Archives: Blog & News
Why Getting Paid Fast For Your Loads Matters For Your Business
In 2022, four of the nation’s largest trucking companies filed for bankruptcy due to increasing operating expenses, fuel costs, and wages. Many other smaller companies also went out of business. The economy isn’t stable, and it’s time to worry about …
How Many Interest Rate Hikes Are Expected In 2023
In the past year, the U.S. Federal Reserve hiked interest rates eight times. Back in March 2022, the first hike brought the funds rate from 0.25% to 0.5%. Rate increases of 0.5% to 0.75% took place every few months. The …
What Trucking Companies Need To Know About UCCs When Working With A Factoring Company
Uniform Commercial Code (UCC) filings can impact your trucking company and plans to factor your invoices. A UCC filing tells creditors about a company’s assets that have been listed as collateral for a loan or other transaction. There are different …
Challenges Facing the Trucking Industry in 2023
As a new year starts taking shape, it’s a good time to look at the challenges the trucking industry faces in 2023. A lot is going on that has people worried, and one of them was the bankruptcies of several …
Interest Rates Are Going Up Again – How Will This Impact Your Trucking Business?
The Federal Reserve announced there’s another rate hike happening. Interest rates will go up another quarter percentage point bringing the federal funds rate to 4.75%. This is the eighth straight increase that the decision-makers at the Federal Reserve have ordered. …
What Are Short Pays in Invoice Factoring
Your trucking money requires clients to pay on time. It’s the only way you can keep up with your own bills, keep trucks fueled up, and afford to pay your drivers and office workers. If you experience short pays, they’re …
What Are the Best Features to Look For When Choosing a Freight Factoring Company?
The ultimate goal of any freight factoring service is to ensure you get the money you’re owed quicker than if you invoiced a broker or shipper and waited for payment. With freight factoring, you pay a fee, which can be …
Do Freight Factoring Rates Vary Based On Fleet Size?
Freight factoring is a specialized service where a factoring company buys the bills of lading you use to invoice your brokers and shippers. The factoring company pays you the money you’re due, minus fees. The factor then gets to work …
Freight Factoring Is Proven to Help New Trucking Companies Grow
Everyone starts somewhere, and many of today’s biggest trucking companies started out the same way. They had a vision and a truck or two and grew from there. Did you know that freight factoring is a proven way to help …
How Freight Factoring Brokers Help You With Cybersecurity
In just the past few weeks, news of several major breaches has hit the media. LastPass, a password manager is one that prompted businesses around the world to take immediate action and change all of their passwords in a hurry. …
