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Freight Factoring and Insurance: Managing Risks and Liabilities

Freight Factoring and Insurance: Managing Risks and Liabilities

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, …

Recourse vs. Non-Recourse Freight Factoring

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 …

Quick Cash: How Freight Factoring Supports Small Fleet Operations

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 …

Factoring Invoices for LTL Trucking: Efficient Management of Less-Than-Truckload Shipments

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 …

Protecting Our Clients Through Credit Checks With SJC

What happens when a broker or shipper fails to pay on time? You’ve delivered a load for a company and it’s been 60 days and still nothing? You have bills and late fees piling up, and workers to pay, but …

Factoring Invoices vs. Waiting for Payments: A Cost-Benefit Analysis

When you run a trucking business, a steady flow of money is essential. One late payment can drag you down and make it very hard to pay your drivers or monthly bills. Factoring invoices offers a chance to avoid waiting …

Freight Factoring For Immediate Cash: How It Can Rescue Truckers From Financial Crisis

In April 2023, more than 750,000 U.S. motor carriers with at least one truck were in operation. By the end of 2022, the nation had 8.4 million people employed in trucking jobs. It’s a lot, and 95.8% of those trucking …

In-House vs. Outsourced Freight Factoring: Evaluating the Right Approach

Freight factoring is a service where the money you’re owed by a client is advanced to you by a factoring company. You get paid now instead of weeks or months later, but you pay a small fee for that cash …

Overcoming Cash Flow Gaps: Addressing Payment Delays in the Trucking Industry

Business owners in the trucking industry experience so much. Overcoming cash flow gaps is one of the things you’ll experience throughout the year, especially as there are peaks and slowdowns with work. Generally, spring crops kick off the busy season, …

Large vs. Small Fleets: Choosing the Right Freight Factoring Company For Your Business

Choosing the best freight factoring company is an important decision. It’s also one that’s hampered by several factors, including the size of your fleet. Some companies favor large trucking companies as they have a larger number of invoices. Fees are …

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