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Tips For Preparing Your Rig For Summer

Tips For Preparing Your Rig For Summer

While it does vary from one company to the next, the average truck driver travels upwards of 3,000 miles a week. Summer travel can be stressful as construction projects kick into gear, so there can be more delays due to …

Why Getting Paid Fast For Your Loads Matters For Your Business

In 2022, four of the nation’s largest trucking companies filed for bankruptcy due to increasing operating expenses, fuel costs, and wages. Many other smaller companies also went out of business. The economy isn’t stable, and it’s time to worry about …

Interest rates

How Many Interest Rate Hikes Are Expected In 2023

In the past year, the U.S. Federal Reserve hiked interest rates eight times. Back in March 2022, the first hike brought the funds rate from 0.25% to 0.5%. Rate increases of 0.5% to 0.75% took place every few months. The …

Truck driver behind the wheel

What Trucking Companies Need To Know About UCCs When Working With A Factoring Company

Uniform Commercial Code (UCC) filings can impact your trucking company and plans to factor your invoices. A UCC filing tells creditors about a company’s assets that have been listed as collateral for a loan or other transaction. There are different …

packed trucking parking lot

Challenges Facing the Trucking Industry in 2023

As a new year starts taking shape, it’s a good time to look at the challenges the trucking industry faces in 2023. A lot is going on that has people worried, and one of them was the bankruptcies of several …

interest rates hike in the US

Interest Rates Are Going Up Again – How Will This Impact Your Trucking Business?

The Federal Reserve announced there’s another rate hike happening. Interest rates will go up another quarter percentage point bringing the federal funds rate to 4.75%. This is the eighth straight increase that the decision-makers at the Federal Reserve have ordered. …

Freight invoicing.

What Are Short Pays in Invoice Factoring

Your trucking money requires clients to pay on time. It’s the only way you can keep up with your own bills, keep trucks fueled up, and afford to pay your drivers and office workers. If you experience short pays, they’re …

Look for a variety of services when selecting a freight company.

What Are the Best Features to Look For When Choosing a Freight Factoring Company?

The ultimate goal of any freight factoring service is to ensure you get the money you’re owed quicker than if you invoiced a broker or shipper and waited for payment. With freight factoring, you pay a fee, which can be …

Freight rate calculations. Find the best carrier.

Do Freight Factoring Rates Vary Based On Fleet Size?

Freight factoring is a specialized service where a factoring company buys the bills of lading you use to invoice your brokers and shippers. The factoring company pays you the money you’re due, minus fees. The factor then gets to work …

Trucking companies can save with freight factoring

Freight Factoring Is Proven to Help New Trucking Companies Grow

Everyone starts somewhere, and many of today’s biggest trucking companies started out the same way. They had a vision and a truck or two and grew from there. Did you know that freight factoring is a proven way to help …

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