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Freight Factoring is More Affordable Than You Think. In business, the big picture matters the most. Trucking requires operating capital. Freight factoring makes sure carriers have it. ...
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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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Understanding How Freight Factoring Rates are Figured, Plus a Top-Down View of Common Fees Freight factoring can be a game changer for trucking companies, helping them keep their cash flow moving and offering a wealth of other benefits. While freight...
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Load boards help the trucking industry keep running, but what are load boards exactly? A load board is an online marketplace where shippers, freight brokers, and carriers can post and find loads. Different load boards have different features and formats,...
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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 of running 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 that they can cause larger problems further down the line. What causes cash flow deficits? Cash...
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