Emergency Cash Flow Solutions: Large Fleet Factoring in Action

When a trucking company owns several trucks to transport goods within a state, between states, or across the country, that company has a large fleet. The fleet might be a mix of vans, cabs with trailers, or box trucks. It …

For the past couple of years, people have watched interest rates climb and keep climbing as the Fed continued to increase the Federal Funds rate. Rates went from being near zero for many years and increased 11 times in 2023 …

The American Trucking Association reports that 95.8% of trucking companies have 10 trucks or less. For companies with no more than 100 trucks, the percentage increases to 99.7%. There are more than 750,000 carriers in the U.S., so you can …

A shipper has goods to transport, and it’s a carrier who picks up and delivers those loads. It’s a lot of work to arrange the right size of truck and the driver needed for a load as some shipments are …

As 2023 ends, what are the predictions for the new year? What trends are coming, and what’s going to happen with freight factoring and the trucking industry in 2024? Look back at some of the big issues in 2023 and …

Credit cards are a necessity for any trucking company owner, but they’re also a ticket to debt if you don’t use them wisely. It’s possible to have a Visa card and use it in ways that work to your advantage. …

A trucking company faces numerous problems each year that can impact revenues. First, you have the cost of fuel, increased competition, and truck maintenance costs. Salary and insurance premium increases also add to the issues a trucking company owner faces, …

Freight factoring allows you to get paid as quickly as possible for the work you do. Deliver items for your client, submit the bill of lading to your freight factoring company, and get paid that same day or within a …

Freightwaves released a report in 2022 that raised alarms for small trucking companies The cost of truck repairs increased by as much as 9% by 2022. It became 51% more expensive to run a trucking company in 2022 due to …

What is LTL trucking? LTL stands for less-than-truckload and is a shipping service for smaller amounts of freight. LTL trucking ensures companies with smaller loads still get their items delivered to where they need to go. Sometimes it’s impractical to …