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The two most important considerations when looking into a new factoring agreement are your freight factoring rate and advance rate. We’ll focus on the factoring rate in this article. When a factoring company provides you with a rate, they consider...
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CoreFund closed their doors. Express Freight Finance is here to help all carriers impacted by the CoreFund shutdown. Carriers have options. ...
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If you own or manage a freight company, you may be looking to expand your service area and customer base. At the very least, you need a steady business income to keep your business alive and well. However, running your...
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For truckers, average freight factoring fees range from 1% to 5% of the complete load payment. There are a number of hidden costs in the company’s contract and knowing about them ahead of time can spare you the difficulty and...
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Trucking is the lifeblood of the American economy, accounting for more than 72.5% of the freight transportation across the country. With more than 3.3 million drivers, and 7.6 million people employed directly or indirectly by the trucking industry, it plays...
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When you ask small business owners what’s important to them, most will tell you: cash flow, coming up with ways to reduce business expenses, and more efficient ways to operate their business. Running a trucking business is no different. Cash...
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The cost of running a small trucking business is already huge, and fuel makes up almost 40% of the overall cost to run a commercial truck. This seems like too large of an impact to not have some options to...
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It’s a problem as old as trucking. You don’t get paid for hauling empty trailers. Yes, it’s always been a part of the job, but that doesn’t mean an easy pill to swallow.  It doesn’t matter if you’re hopping around...
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In the trucking industry, cash flow deficits can be a recurring issue. While short-term loans might seem like a viable solution, the reality is they can cause larger problems further down the line. What causes cash flow deficits? Cash flow...
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Since the trucking industry is leading economic averages across almost every industry, the need for working capital is of the utmost importance to maintain momentum so the economy can get back on its feet. Working Capital Challenges The Trucking Industry...
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