Category Archives: Blog & News

Invoice Factoring Rates and Fees: Understanding the Cost Structure

Think of invoice factoring as a cash advance on your pay. You’ve delivered goods for a broker, shipper, or similar client. They have to pay you for the safe transportation, so you invoice them and wait. Sometimes, waiting weeks or …

How Freight Factoring Services Can Help Trucking Companies During Seasonal Fluctuations

We’ve hit T-125 days and counting down before Christmas arrives. It’s now the peak time for trucking companies to have an abundance of work. Drivers need to make sure merchandise arrives at stores on time. Fall harvests are soon to …

The Legal Aspects of Freight Factoring Agreements: Important Considerations

In a freight factoring agreement, you get same-day payments or payments that arrive within a day or two by selling your invoices. It’s essentially a cash advance that occurs by permitting a factoring company to buy your accounts receivable in …

Freight Factoring as a Solution For Seasonal Fluctuations in the Trucking Industry

August to October are peak months in the trucking industry. It’s when back-to-school and holiday merchandise is being transported to stores and warehouses. January through March are much quieter before spring crops trigger the start of the busier time of …

Top Tips for Maximizing the Benefits of Freight Factoring Service

Freight factoring is a vital service for maintaining your cash flow as a trucking company. While you might have plenty of work, you have to wait for your clients to pay what’s owed. If they only pay once a month …

Using Credit to Your Advantage – How to Wisely Utilize Debt in the Trucking Industry

A capital-intensive industry is one where a lot of capital is needed upfront and the return on that investment comes later. It involves the ratio of fixed expenses to variable ones. In the trucking industry, you pay for fuel, driver’s …

Guidelines for Increasing Your Trucking Fleet Size in 2023

The American Trucking Association’s Chief Economist calculates a driver shortage of around 80,000 drivers in 2021. That shortage is expected to double by 2030 following the current trends. Even as new truckers entered their career, those new drivers were not …

The Benefits of Freight Factoring for Small Trucking Businesses

In 2022, the U.S. Department of Transportation reported there were 1.1 million for-hire trucking companies, 718,594 private carriers, and 153,191 for-hire/private carriers. Of those companies, 95.7% have no more than 10 trucks. Small trucking businesses make up a major part …

The Role of Technology in Streamlining Freight Factoring Processes

If you go back about 30 years, the way a trucking company got paid is a lot different than today. Traditionally, trucking companies wrote out invoices by hand or used a typewriter and carbon paper to get duplicate copies. Those …

Factoring for Owner-Operators: Unlocking Financial Stability and Growth

An owner-operator truck driver enjoys a wealth of benefits that others may never see. You’re independent and do not have to answer to a boss. It’s your truck, you’re the driver, and you set and choose the clients you want. …