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Answers to 15 Commonly Asked Questions About Freight Factoring

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Answers to 15 Commonly Asked Questions About Freight Factoring

Not everyone has time to wait, especially when it comes to getting paid. You work with some fantastic brokers and shippers, but waiting for payment until the end of the month is stressful. You’ve heard about freight factoring, but you …

A Comprehensive Guide to the Services Our Freight Factoring Company Offers

Freight invoice factoring (freight factoring for short) is a service where you sell your unpaid invoices to a factor. That company pays you a percentage (sometimes 100%) of the money due and waits for the client to pay the amount …

A Guide to the Terminology You’ll Encounter When Factoring Invoices

Freight factoring is a process where you sell your invoices to an invoice factoring company to get paid immediately. Say a broker or shipper owes you $10,000, but you don’t want to wait until the end of the month to …

When Should You Replace Rather Than Repair Your Trucks?

Within the U.S., 2020 saw light duty trucks travel approximately 672.1 billion miles and two axle/six tire or larger trucks topped 124.8 billion. With more than 41 million trucks on the road in 2019 (including Class 8 trucks), it’s estimated …

Additional Benefits You Gain With a Freight Factoring Arrangement

What do you know about freight factoring? You might be familiar with the service, but if you’re not, it’s a way to get paid immediately for the loads you pick up or deliver. Timing is everything and determines how large …

Avoid These Six Reasons Why Trucking Companies Fail to Become a Success

During the first year of the pandemic, 3,140 trucking companies shut their doors. This was almost triple the number of closures in 2019. The pandemic changed things as shutdowns and quarantines took place. Still, before the pandemic over 1,000 trucking …

Tips For Finding the Most Profitable Loads For Your Drivers

You need the tools to make every trip matter in a competitive industry. There’s plenty of work out there for trucking companies, but everyone is competing for the most profitable loads. How do you find them and make sure you’re …

How Is Technology Helping Trucking Businesses Run Efficiently?

Technology has come a long way in just 20 or 30 years. If you’re not using technology to your advantage, it’s time. Many of today’s technological advancements can help trucking companies run efficiently and effectively. Look at all of the …

How To Do a Freight Factoring Buyout

For one reason or another, you’ve had enough of your current invoice factoring company. You may be tired of the increased fees, the monthly rules on how many invoices you must factor with them, or need more services than they …

Keep Money Flowing By Factoring Some of Your Invoices

Gas and diesel prices are slowly coming down. Diesel is down about 14 cents and gas is almost 16 cents lower during the past week (7/25/22). But, other prices keep going up, and that can make it hard when you’re …

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