News - Saint John Capital

Why Freight Factoring Helps Reduce Tariff Risk

Starting as soon as April 3rd, the current administration is implementing a 25% tariff on goods withdrawn from a warehouse, for automobiles (cargo vans, crossovers, light trucks, minivans, sedans, and SUVs), and for automobile parts (electrical components, engines, powertrain components, …

How Self-Driving Trucks Could Change Freight Factoring

News came out in February 2025 that Volvo Autonomous Solutions (VAS) and Waabi formed a partnership to improve the world of autonomous trucking. Pairing Volvo’s autonomous trucks with Waabi’s next-gen AI solutions, the trucking industry’s about to change. How will …

Could Hiring Veterans be the Answer to the Truck Driver Shortage?

People need truck drivers to get items they order. Whether that driver is going from one of the key ports of entry to a company’s warehouse or traveling from a warehouse to a store or manufacturing plant, truck drivers are …

Freight Factoring & Non-Compete Agreements Explained

Getting paid on time and having the freedom to take on different clients is essential in the trucking industry, yet both can be hurdles for brokers and truckers to overcome. That’s where freight factoring comes in, but there’s been questions …

Freight Factoring & De Minimis Rule Changes Explained

On February 1, 2025, the new president initiated changes to the de minimis exception, a threshold that simplifies the entry of goods into the United States. Per the de minimis exception, goods with a value under $800 were allowed per …

How the End of the 2020 Trucking Act Impacts Freight Factoring

Back in 2020, several trucking acts passed, and some have been revoked or amended. The U.S. Department of Labor’s Employee or Independent Contractor Classification rule was scheduled to become effective on March 11, 2024. A final rule was issued requiring …

Freight Fraud Prevention: The Role of Verification

Last October marked the nation’s first Freight Fraud Awareness Day. Lawmakers are also working hard to prevent trucking company owners and drivers from being victims of fraud. We hope that the Household Goods Shipping Consumer Protection Act passes this year, …

How Compliance Affects Freight Factoring in Trucking

The Federal Motor Carrier Safety Administration developed the Drug & Alcohol Clearinghouse to provide employers and other officials with real-time information regarding a person’s information regarding violations involving impaired driving or failure to complete DOT programs after a violation.  It’s …

As Freight Broker Closures Are Rising, True Non-Recourse Factoring Is Essential

It’s been rough for two years, and hopes are that 2025 will bring much-needed life to the freight industry. For some freight brokers, it’s a little too late. Over 3,100 freight brokerages shut down in 2024, and that’s on top …

The Future of Freight Payments with Digital Factoring

Factoring is a service that’s been around for thousands of years. It goes back to the Code of Hammurabi in Ancient Babylonia where merchants used an agent to manage their trade finances. Factoring has come a long way over the …