Between rising fuel prices and maintenance costs, fleet companies face challenges in planning and sustaining consistent profitability due to economic fluctuations. Transportation factoring has emerged as a valuable financial tool for sustaining operations in such situations. This is when businesses … Continue reading
Continue ReadingFreight Factoring
What is Factoring in Trucking: A Comprehensive Guide
The trucking and transportation industry operates fairly straightforwardly. Truckers pick up goods from one location, deliver them to the next, and are paid for their services. However, truckers often have high operating expenses while waiting several weeks to receive payments … Continue reading
Continue ReadingIs Now the Right Time to Start a Trucking Business?
With the trucking market in America being worth well over $800 billion a year, it may be time to get trucking and start a trucking business. The growth of online retail in recent years means that now, more than ever … Continue reading
Continue ReadingProtect Your Shipping/Logistics Business from Risk of Commercial Credit Loss
Introduction and IPS debacle If you are like many small and medium-sized enterprises (SMEs), you use a freight payment processor when sending and receiving shipments to and from your customers. But what assurance do you have that these processors will … Continue reading
Continue Reading5 Ways to Improve Cash Flow For Your Freight Business
No matter the size of your freight business, cash flow problems are inevitable. Although this is not something that any business owner wants to encounter, it’s normal. Because of the contract based nature of the freight industry, you are constantly … Continue reading
Continue ReadingGet High-Paying Freight Loads Using Invoice Factoring
In the transportation business, any broker, small fleet, or owner-operator struggles to find the best paying freight loads to haul. This can be one of the most difficult parts of owning a transportation business. Rather than relying solely on load … Continue reading
Continue Reading8 Industries That Invoice Factoring Can Benefit
How Business Factoring Is Beneficial If your business has experienced cash flow fluctuations and you have been looking for ways to help it stay more consistent so you can grow and expand, take a look below at a few ways … Continue reading
Continue Reading3 Profit-Driving Tips For Freight Businesses
In the freight and trucking business, no two days are the same. There are constant fluctuations in pricing, shipping, and more that force you to stay on your toes. Because of the constant changes in this industry, fright business owners … Continue reading
Continue Reading5 Reasons You Should Get Freight Factoring
Why Freight Factoring? If you are considering freight factoring because you need to get paid quicker, you have come to the right place. Most businesses that have accounts receivables, including freight companies, often benefit from invoice factoring. Because it is … Continue reading
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