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Common Freight Factoring Myths Busted

Common Freight Factoring Myths Busted

So many people shy away from freight factoring due to the things they hear. With so many myths, it’s hard to decide what’s true and what’s being exaggerated. We’re here to help you better understand the truth behind ten common …

Is a Line of Credit Better Than Freight Factoring?

Growing your trucking business is your priority in the new year. You’ve narrowed down your choices to freight factoring or obtaining a line of credit. You’re most familiar with a line of credit, so isn’t that the better option? Not …

How Does Freight Factoring Work?

Sometimes, you don’t want to wait to get paid. You’ve delivered a company’s merchandise, but you have to wait a month or two for them to pay your invoices. It would help if you had cash now. Urgency is a …

Best Mobile Technology for Freight Factoring

Have you ever stopped to think about how much technology has changed the working world and your personal life? How did trucking companies and brokers find loads and get paid before there was technology to help? Go back about 30 …

What Does It Cost To Run A Trucking Company?

For many truck drivers, their dream is to one day own their own trucking company. Who doesn’t prefer to be a boss rather than the person getting told when to be someplace? But the transition from being a driver to …

How Can I Get Money Faster For Truck Loads Delivered?

According to the American Transportation Research Institute, average revenues for U.S. trucking firms were more than $284.4 million in 2017. Median revenues were just over $23 million. Much of this depends on the size and type of trucking company, but …

Freight Factoring Services For Large Fleets

What do you know about freight factoring? Many owners of small fleets use freight factoring to grow their fleet. But, what about a larger trucking company? Does freight factoring for large fleets benefit trucking businesses? Across the U.S., haulers from …

Things You Need to Know About Hauling FEMA Loads

Why do many trucking firms haul Federal Emergency Management Agency (FEMA) loads? The thought of delivering items that people need after a massive storm or other emergency is a big part of the appeal. The generous compensation is another. Most …

Is Invoice Factoring and Freight Factoring the Same Thing?

One question we hear often is if invoice factoring and freight factoring are the same things? While they’re similar, they also have key differences. Think about it in this way. A dog and a cat are both animals, but they’re …

Myths About Freight Factoring That Just Aren’t True

Freight factoring involves partnering with a factoring company to sell your invoices for loads you’ve hauled. The factoring firm pays you all or some of the amount due and chases down payment from the shipper or broker for you. It …

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