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		<title>THE BEST DIGITAL FREIGHT MATCHING APPS IN TODAY&#8217;S MARKET</title>
		<link>https://expressfreightfinance.com/top-freight-matching-apps-todays-market/</link>
					<comments>https://expressfreightfinance.com/top-freight-matching-apps-todays-market/#respond</comments>
		
		<dc:creator><![CDATA[Dan Ptak]]></dc:creator>
		<pubDate>Tue, 03 Oct 2023 15:43:45 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Freight Factoring]]></category>
		<category><![CDATA[Direct Freight Matching]]></category>
		<category><![CDATA[Load Board]]></category>
		<category><![CDATA[Trucking Business]]></category>
		<category><![CDATA[Trucking Financing]]></category>
		<guid isPermaLink="false">https://expressfreightfinance.com/?p=7107</guid>

					<description><![CDATA[<p>What is Digital Freight Matching? Digital freight matching (DFM) apps use load,&#160; carrier data, and algorithms to match carriers to freight that fits their needs, helping shippers and brokers get their loads covered by qualified carriers and carriers find the loads they need to keep their trucks moving.&#160; Digital freight matching platforms may be found...</p>
<p>The post <a href="https://expressfreightfinance.com/top-freight-matching-apps-todays-market/">THE BEST DIGITAL FREIGHT MATCHING APPS IN TODAY&#8217;S MARKET</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<h1 class="wp-block-heading"><strong>What is Digital Freight Matching?</strong></h1>



<p>Digital freight matching (DFM) apps use load,&nbsp; carrier data, and algorithms to match carriers to freight that fits their needs, helping shippers and brokers get their loads covered by qualified carriers and carriers find the loads they need to keep their trucks moving.&nbsp;</p>



<p>Digital freight matching platforms may be found on a web-based or smartphone application and can connect shippers and carriers directly. The goal of freight matching is to speed up the load booking process from both ends while everyone gets a rate that works for them.</p>



<p>Here are the best apps for digital freight matching on the market today.</p>



<h2 class="wp-block-heading"><strong>Direct Freight</strong></h2>



<p><a href="https://www.directfreight.com/home/" target="_blank" rel="noreferrer noopener">Direct Freight</a> is a free load board with premium features like a profit calculator, rate data, and a mileage calculator. Carriers can search for loads in their preferred lanes and post available while shippers and brokers can post loads and search for available trucks.</p>



<p>Express Freight Finance customers get access to premium load boards with digital matching features through our partnership with Direct Freight. Want to learn more about it? Reach out to our sales team at (801) 797-5477 with inquiries.</p>



<h2 class="wp-block-heading"><strong>DAT</strong></h2>



<p>DAT’s<a href="https://www.dat.com/solutions/freight-matching" target="_blank" rel="noreferrer noopener"> DAT One load</a> board provides digital matching services to help carriers and shippers/brokers connect directly via web or mobile app. Rather than posting to a load board and waiting for results, shippers/brokers can obtain ideal carrier matches and reach out directly, streamlining the booking process since carriers can accept loads directly through DAT’s platform.</p>



<h2 class="wp-block-heading"><strong>Uber Freight</strong></h2>



<p>When you think of the digitalization of transportation in general, Uber certainly comes to mind. Their ridesharing and delivery apps have revolutionized transportation on a personal scale, and<a href="https://www.uberfreight.com/" target="_blank" rel="noreferrer noopener"> Uber Freight</a> had a similar effect on the freight industry. Uber Freight’s digital matching app is one of the original digital freight platforms and is used by countless large shippers to find the right carriers for their loads.</p>



<h2 class="wp-block-heading"><strong>Trucker Tools</strong></h2>



<p><a href="https://www.truckertools.com/" target="_blank" rel="noreferrer noopener">Trucker Tools’</a> digital freight matching services go along with their load board to provide both shippers and carriers with a more streamlined booking experience. Their digital matching platform allows shippers to seek out carriers with availability and the appropriate equipment to haul their load and reach out directly.</p>



<h2 class="wp-block-heading"><strong>Convoy</strong></h2>



<p><a href="https://convoy.com/" target="_blank" rel="noreferrer noopener">Convoy</a> was one of the first digital freight networks and they’ve maintained their toe-hold in the market as more digital matching solutions have emerged. They match available carriers to shippers’ loads, reducing empty miles and therefore the cost of doing business.  By easily finding loads that meet the carrier&#8217;s needs on Convoy’s matching platform, they can keep their trucks moving efficiently.</p>



<h2 class="wp-block-heading"><strong>PostBidShip</strong></h2>



<p><a href="https://postbidship.com/" target="_blank" rel="noreferrer noopener">PostBidShip</a> is an automated freight matching platform that allows shippers to post loads and carriers to bid on those loads. The automated matching part of this platform comes into play through automated awarding of loads, essentially sifting through bids for shippers to give the load to the best matched, best priced carrier. This platform provides automation for both shippers and carriers to streamline the load booking process through the entire freight cycle.</p>



<h2 class="wp-block-heading"><strong>Things to Keep in Mind When Choosing a Digital Freight Matching App</strong></h2>



<h3 class="wp-block-heading"><strong>Ease of Use</strong></h3>



<p>A digital freight matching app should be easy to use. The best apps are intuitive in design and don’t require carriers or shippers/brokers to step far beyond normal workflows to get loads booked.</p>



<h3 class="wp-block-heading"><strong>Networking Opportunities</strong></h3>



<p>A good digital freight matching app should have a large pool of potential carriers and plenty of loads to go around. In an ideal world, a successful collaboration on a load between shipper and carrier could turn into a mutually beneficial business relationship.</p>



<h3 class="wp-block-heading"><strong>Real-Time Pricing</strong></h3>



<p>The best freight matching programs will provide both shippers and carriers with pricing and <a href="https://expressfreightfinance.com/marketfit-freight-intelligence-tool/">lane data</a> that allows them to make smart business decisions based on the current freight market.</p>



<h3 class="wp-block-heading"><strong>Tracking Capabilities</strong></h3>



<p>Most digital freight matching services not only match carriers to freight; they also help shippers and carriers communicate as the load is delivered. These tracking capabilities increase visibility and reduce unnecessary phone calls and emails for both shippers and brokers.</p>



<h3 class="wp-block-heading"><strong>Reporting Features</strong></h3>



<p>Many digital freight matching apps can offer data-driven insights and reporting features to help both shippers and carriers make smarter business decisions. Express Freight also offers <a href="https://expressfreightfinance.com/marketfit-freight-intelligence-tool/">data insights</a> in conjunction with the Direct Freight Load board which helps them reduce deadhead miles and choose the best lanes. To find out more call us at (801) 797-5477.</p>
<p>The post <a href="https://expressfreightfinance.com/top-freight-matching-apps-todays-market/">THE BEST DIGITAL FREIGHT MATCHING APPS IN TODAY&#8217;S MARKET</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
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		<title>14 UNIQUE WAYS TO FIND FREIGHT</title>
		<link>https://expressfreightfinance.com/unique-ways-to-find-freight/</link>
					<comments>https://expressfreightfinance.com/unique-ways-to-find-freight/#respond</comments>
		
		<dc:creator><![CDATA[Express Freight Finance]]></dc:creator>
		<pubDate>Tue, 29 Aug 2023 21:38:56 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Direct Freight Matching]]></category>
		<category><![CDATA[Freight Factoring]]></category>
		<category><![CDATA[Load Board]]></category>
		<category><![CDATA[Trucking Business]]></category>
		<category><![CDATA[Trucking Financing]]></category>
		<guid isPermaLink="false">https://expressfreightfinance.com/?p=7066</guid>

					<description><![CDATA[<p>Load boards, dispatchers, and freight brokers may be the first options that come to mind when you’re thinking of how to find truck loads, but there are less traditional methods that may help you find loads, as well. The best part about these unique ways to find truck loads? They may yield different results and help you find loads that will help make your business more successful. Here, we’ll dive into fifteen unique methods for finding loads in unexpected places.</p>
<p>The post <a href="https://expressfreightfinance.com/unique-ways-to-find-freight/">14 UNIQUE WAYS TO FIND FREIGHT</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>Load boards, dispatchers, and <a href="https://expressfreightfinance.com/the-pros-and-cons-of-using-a-freight-broker/">freight brokers</a> may be the first options that come to mind when you’re thinking of how to find truck loads, but there are less traditional methods that may help you find loads, as well. The best part about these unique ways to find truck loads? They may yield different results and help you find loads that will help make your business more successful. Here, we’ll dive into fifteen unique methods for finding loads in unexpected places.</p>



<h2 class="wp-block-heading">THE BEST NON-TRADITIONAL WAYS TO FIND LOADS</h2>



<h3 class="wp-block-heading">1. Attend Industry Events</h3>



<p>Industry events are an underrated option for finding loads. You can meet other truckers who may be able to offer referrals and connect with freight brokers who may have business for you. There may even be a portion of the program dedicated to the sharing of available trucks with fellow attendees so loads can come to you.</p>



<h3 class="wp-block-heading">2. Join Trade Associations</h3>



<p>Joining a trucking trade association could have unexpected benefits like exclusive access to load boards, industry resources that can help you manage your business better, and networking opportunities that could come with lucrative contracts. Stay active and attend events when you can to make the most of this opportunity!</p>



<h3 class="wp-block-heading">3. Use Social Media Strategically</h3>



<p><a href="https://www.alltrucking.com/articles/top-ten-truckers-follow-instagram">Trucking-related social media platforms</a> and groups can offer opportunities to promote your services and find loads. Not only can these social media groups help you find loads and improve your business but they’re also a great way to meet new, like-minded friends in the industry.</p>



<h3 class="wp-block-heading">4. Explore Online Forums</h3>



<p>Online forums for truck drivers and others who work in the industry like <a href="https://www.thetruckersreport.com/truckingindustryforum/">The Trucker’s Report</a> can be a wealth of knowledge and advice. They can also offer opportunities for networking, finding loads, and posting available equipment. Stay active so you don’t miss a load opportunity!</p>



<h3 class="wp-block-heading">5. Embrace App-Based Marketplaces</h3>



<p>App-based marketplaces connect shippers and carriers directly, offering a streamlined approach to finding truck loads that may not be listed on conventional load boards. Explore these platforms to tap into new opportunities.</p>



<figure class="wp-block-image size-large"><a href="https://expressfreightfinance.com/mobile-app/" target="_blank" rel="noreferrer noopener"><img fetchpriority="high" decoding="async" width="1024" height="200" src="https://expressfreightfinance.com/wp-content/uploads/2023/08/eff-mobile-app-banner-1024x200.png" alt="" class="wp-image-7041" srcset="https://expressfreightfinance.com/wp-content/uploads/2023/08/eff-mobile-app-banner-1024x200.png 1024w, https://expressfreightfinance.com/wp-content/uploads/2023/08/eff-mobile-app-banner-300x59.png 300w, https://expressfreightfinance.com/wp-content/uploads/2023/08/eff-mobile-app-banner-768x150.png 768w, https://expressfreightfinance.com/wp-content/uploads/2023/08/eff-mobile-app-banner-1536x300.png 1536w, https://expressfreightfinance.com/wp-content/uploads/2023/08/eff-mobile-app-banner.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h3 class="wp-block-heading">6. Direct Marketing</h3>



<p>While it’s not a traditional approach, direct marketing can help you find loads. Send postcards or flyers to businesses that may be able to use your services. This may help you not only pick up loads but also establish direct connections and begin lead generation in an untapped market.</p>



<h3 class="wp-block-heading">7. Approach Business Directly</h3>



<p>One way to pick up loads is to go directly to the source. Seek out businesses that may need your brand of transportation services and approach them directly. Start the conversation and see if they have any loads, offering the opportunity to build a mutually beneficial partnership.</p>



<h3 class="wp-block-heading">8. Explore Craigslist and Online Classifieds</h3>



<p>Surprising as it may seem, platforms like <a href="https://www.craigslist.org/about/sites">Craigslist</a> and online classifieds websites offer a vast array of listings, including truck loads. Utilize search filters to refine results based on location, freight type, and other relevant criteria. Set up email alerts so that any potential loads are sent directly to your inbox.</p>



<h3 class="wp-block-heading">9. Leverage Word-of-Mouth</h3>



<p>Despite all the new technology that is common in today’s trucking industry, it’s still an industry that runs on people. Good old word-of-mouth advertising is a great way to find loads. Establish connections with other drivers, brokers, shippers, and friends with ties to the industry, and don’t be afraid to tell them what you have to offer and what kinds of loads you’re looking for.</p>



<h3 class="wp-block-heading">10. Direct Mail Campaigns</h3>



<p>Consider trying a <a href="https://neilpatel.com/blog/direct-mail-effectiveness/">direct mail campaign</a> targeted at businesses that may be able to use your services, especially if they’re not using a freight broker already. Use the campaign to show them the services you have to offer and the benefits of working directly with the trucking company rather than using a third party to book their loads.</p>



<h3 class="wp-block-heading">11. Master Cold Calling</h3>



<p>While time-consuming, <a href="https://leadlander.com/blog/does-cold-calling-still-work/">cold calling</a> isn’t a total waste if approached strategically. Prepare a script and be ready to address any inquiries or concerns the businesses may have, showcasing your professionalism and expertise.</p>



<h3 class="wp-block-heading">12. Harness the Power of Networking Throughout the Industry</h3>



<p>Networking remains a powerful tool in the trucking industry, but it’s not limited to those working directly with freight. There are other segments of the supply chain where you can find helpful contacts, as well. You may seek out networking opportunities with other professionals in the industry like those working in transportation technology or freight factoring.</p>



<h3 class="wp-block-heading">13. Utilize Social Media for Promotions</h3>



<p>Social media can be used for more than just networking. It can also be used to promote your business directly. Create a dedicated business page to share information about your trucks, rates, and the types of loads you are seeking. Be sure there’s a way for potential customers to contact you from the page!</p>



<h3 class="wp-block-heading">14. Establish a Website</h3>



<p>Creating a professional website for your trucking business provides a platform to showcase your capabilities and attract potential clients. Include information about your trucks, rates, load preferences, and contact details to enhance your online presence. Make sure content is optimized for search engines and remember that your site doesn’t need to be expansive or complicated to get the job done.</p>



<h3 class="wp-block-heading">Conclusion</h3>



<p>Your options for finding loads are truly only limited by your imagination and your willingness to step outside of the trucking industry’s traditional comfort zone. By being willing to put yourself out there and asking for what you need, you may find loads in the most unlikely of places. Expanding your search options can help you increase your chances of finding lucrative loads and establishing new business connections that will boost your business’ growth and ultimately help you succeed.</p>
<p>The post <a href="https://expressfreightfinance.com/unique-ways-to-find-freight/">14 UNIQUE WAYS TO FIND FREIGHT</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
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		<title>WEEKLY MARKETFIT UPDATES 05.05.2025:  SAVANNAH, GA SURGES AHEAD WITH LARGEST WEEKLY JUMP IN FIT SCORE</title>
		<link>https://expressfreightfinance.com/weekly-marketfit-updates-05-05-2025-savannah-ga-surges-ahead-with-largest-weekly-jump-in-fit-score/</link>
		
		<dc:creator><![CDATA[Dan Ptak]]></dc:creator>
		<pubDate>Mon, 05 May 2025 17:02:20 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[MarketFit Updates]]></category>
		<category><![CDATA[Direct Freight Matching]]></category>
		<category><![CDATA[MarketFit]]></category>
		<category><![CDATA[Trucking Business]]></category>
		<guid isPermaLink="false">https://expressfreightfinance.com/?p=9406</guid>

					<description><![CDATA[<p>When you ask small business owners what’s important to them, most will tell you three things: cash flow, reducing expenses, and increasing operating efficiencies.</p>
<p>Running a trucking business is no different. Cash is king, and where and how fast owners get cash is integral to keeping businesses running.</p>
<p>The post <a href="https://expressfreightfinance.com/weekly-marketfit-updates-05-05-2025-savannah-ga-surges-ahead-with-largest-weekly-jump-in-fit-score/">WEEKLY MARKETFIT UPDATES 05.05.2025:  SAVANNAH, GA SURGES AHEAD WITH LARGEST WEEKLY JUMP IN FIT SCORE</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
]]></description>
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									<p><a href="https://expressfreigh1.wpengine.com/marketfit-freight-intelligence-tool/">MarketFIT</a>, from Express Freight, is the first tool of its kind that allows carriers to use data to quickly identify the most favorable and competitive freight markets in the US.</p>
<p>All of our clients have access to in-depth dashboards on over 125 markets across the US and countless lanes between these markets.</p>
<p>Now, let’s see a snapshot of live data from this week to give you an upper hand as you plan your routes and negotiate rates. Contact us at <a href="tel:877.697.0605">877.697.0605</a>, if you’re interested in getting access to the full platform.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">MarketFIT Platform Overview</h2>				</div>
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									<p>Here is an overview of the MarketFIT platform provided by <a href="https://www.linkedin.com/in/dan-hadley-eff/">Dan Hadley</a>, CEO of Express Freight Finance.</p>
<p>If it’s your first time here, we encourage you to have a watch to see how powerful this data can be when you put it to work inside your business.</p>								</div>
				</div>
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					<h2 class="elementor-heading-title elementor-size-default">With an impressive weekly gain of 5.32 points, Savannah emerges as the most improved market, narrowing the gap with the market leader and reinforcing its growing strategic value.</h2>				</div>
				</div>
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									<p>Savannah (SAV) now holds an Overall Fit Score of 22.10, marking a notable increase from last week’s 16.78. This sharp jump reflects the strongest weekly improvement across all markets analyzed and signals a rising trajectory in outbound opportunity and network strength.</p>
<p>The supporting metrics highlight this growth: Outbound Tender Volume surged to 98.3, while Inbound Tender Volume registered at 32.1, reinforcing a very strong Head Haul Index of 66.2—one of the highest currently recorded. Additionally, the Outbound Tender Reject Index rose to 14.66, suggesting growing tension in capacity and tightening availability.</p>
<p>Savannah’s momentum places it firmly in contention, especially with increasing shipment volumes and strong outbound imbalances. If this pace continues, Savannah could soon overtake top-tier markets as a prime opportunity hub for logistics and carrier operations.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Carriers Continue To Ramp Up Profits With These Lanes:</h2>				</div>
				</div>
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							<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none"><g clip-path="url(#clip0_40_164)"><path d="M9.86 17.9999C9.72288 17.9995 9.58732 17.9708 9.46174 17.9158C9.33616 17.8607 9.22324 17.7804 9.13 17.6799L4.27 12.5099C4.08833 12.3163 3.99101 12.0585 3.99945 11.7931C4.00789 11.5277 4.12139 11.2766 4.315 11.0949C4.50861 10.9132 4.76646 10.8159 5.03182 10.8244C5.29719 10.8328 5.54833 10.9463 5.73 11.1399L9.85 15.5299L18.26 6.32991C18.3453 6.22363 18.4515 6.13593 18.572 6.07217C18.6925 6.00842 18.8247 5.96997 18.9606 5.95919C19.0965 5.94841 19.2331 5.96551 19.3621 6.00946C19.4912 6.05341 19.6098 6.12327 19.7109 6.21476C19.8119 6.30624 19.8932 6.41742 19.9497 6.54145C20.0062 6.66549 20.0368 6.79977 20.0395 6.93605C20.0422 7.07233 20.0171 7.20772 19.9656 7.33392C19.9141 7.46012 19.8373 7.57446 19.74 7.66991L10.6 17.6699C10.5076 17.7723 10.3951 17.8544 10.2695 17.9112C10.1439 17.968 10.0079 17.9982 9.87 17.9999H9.86Z" fill="#FFC700"></path></g><defs><clipPath id="clip0_40_164"><rect width="24" height="24" fill="white"></rect></clipPath></defs></svg>						</span>
										<span class="elementor-icon-list-text">Joliet, IL – Detroit, MI – Avg. Rate per Mile: $3.62</span>
									</li>
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							<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none"><g clip-path="url(#clip0_40_164)"><path d="M9.86 17.9999C9.72288 17.9995 9.58732 17.9708 9.46174 17.9158C9.33616 17.8607 9.22324 17.7804 9.13 17.6799L4.27 12.5099C4.08833 12.3163 3.99101 12.0585 3.99945 11.7931C4.00789 11.5277 4.12139 11.2766 4.315 11.0949C4.50861 10.9132 4.76646 10.8159 5.03182 10.8244C5.29719 10.8328 5.54833 10.9463 5.73 11.1399L9.85 15.5299L18.26 6.32991C18.3453 6.22363 18.4515 6.13593 18.572 6.07217C18.6925 6.00842 18.8247 5.96997 18.9606 5.95919C19.0965 5.94841 19.2331 5.96551 19.3621 6.00946C19.4912 6.05341 19.6098 6.12327 19.7109 6.21476C19.8119 6.30624 19.8932 6.41742 19.9497 6.54145C20.0062 6.66549 20.0368 6.79977 20.0395 6.93605C20.0422 7.07233 20.0171 7.20772 19.9656 7.33392C19.9141 7.46012 19.8373 7.57446 19.74 7.66991L10.6 17.6699C10.5076 17.7723 10.3951 17.8544 10.2695 17.9112C10.1439 17.968 10.0079 17.9982 9.87 17.9999H9.86Z" fill="#FFC700"></path></g><defs><clipPath id="clip0_40_164"><rect width="24" height="24" fill="white"></rect></clipPath></defs></svg>						</span>
										<span class="elementor-icon-list-text">Memphis, TN – Dallas, TX – Avg. Rate per Mile: $2.96</span>
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							<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none"><g clip-path="url(#clip0_40_164)"><path d="M9.86 17.9999C9.72288 17.9995 9.58732 17.9708 9.46174 17.9158C9.33616 17.8607 9.22324 17.7804 9.13 17.6799L4.27 12.5099C4.08833 12.3163 3.99101 12.0585 3.99945 11.7931C4.00789 11.5277 4.12139 11.2766 4.315 11.0949C4.50861 10.9132 4.76646 10.8159 5.03182 10.8244C5.29719 10.8328 5.54833 10.9463 5.73 11.1399L9.85 15.5299L18.26 6.32991C18.3453 6.22363 18.4515 6.13593 18.572 6.07217C18.6925 6.00842 18.8247 5.96997 18.9606 5.95919C19.0965 5.94841 19.2331 5.96551 19.3621 6.00946C19.4912 6.05341 19.6098 6.12327 19.7109 6.21476C19.8119 6.30624 19.8932 6.41742 19.9497 6.54145C20.0062 6.66549 20.0368 6.79977 20.0395 6.93605C20.0422 7.07233 20.0171 7.20772 19.9656 7.33392C19.9141 7.46012 19.8373 7.57446 19.74 7.66991L10.6 17.6699C10.5076 17.7723 10.3951 17.8544 10.2695 17.9112C10.1439 17.968 10.0079 17.9982 9.87 17.9999H9.86Z" fill="#FFC700"></path></g><defs><clipPath id="clip0_40_164"><rect width="24" height="24" fill="white"></rect></clipPath></defs></svg>						</span>
										<span class="elementor-icon-list-text">Allentown, PA – Chicago, IL – Avg. Rate per Mile: $2.00</span>
									</li>
						</ul>
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									<p>These lanes continue to show exceptional resilience as Midwest demand remains solid and capacity tightens across key industrial corridors.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Load Availability &amp; Lane Rates Intelligence</h2>				</div>
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									<p>Available to all of our clients is a load board integrated directly into MarketFIT that not only shows you the rates but also helps you find the best available loads quickly.</p>
<p>Below is a highlight of what that data looks like across key markets.</p>
<p>We have data in MarketFIT on 135 critical markets across the entire United States.</p>								</div>
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		<p>The post <a href="https://expressfreightfinance.com/weekly-marketfit-updates-05-05-2025-savannah-ga-surges-ahead-with-largest-weekly-jump-in-fit-score/">WEEKLY MARKETFIT UPDATES 05.05.2025:  SAVANNAH, GA SURGES AHEAD WITH LARGEST WEEKLY JUMP IN FIT SCORE</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
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		<title>Is Freight Factoring Worth it?</title>
		<link>https://expressfreightfinance.com/is-freight-factoring-worth-it/</link>
					<comments>https://expressfreightfinance.com/is-freight-factoring-worth-it/#respond</comments>
		
		<dc:creator><![CDATA[Express Freight Finance]]></dc:creator>
		<pubDate>Fri, 03 Jun 2022 22:43:10 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Direct Freight Matching]]></category>
		<category><![CDATA[Load Board]]></category>
		<category><![CDATA[Top Load Boards]]></category>
		<category><![CDATA[Trucking Business]]></category>
		<guid isPermaLink="false">https://expressfreigh1.wpengine.com/?p=6582</guid>

					<description><![CDATA[<p>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 business smoothly becomes difficult if you’re forced to suspend or pull back your operations while...</p>
<p>The post <a href="https://expressfreightfinance.com/is-freight-factoring-worth-it/">Is Freight Factoring Worth it?</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>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 business smoothly becomes difficult if you’re forced to suspend or pull back your operations while waiting for payment.</p>



<p>To surmount this nagging cashflow challenge, you may wonder about freight factoring.</p>



<p>So, are you better off financing your own loads or having a freight finance company help? Here are a few questions to gauge whether to factor your loads or work directly with clients to get paid.</p>



<h2 class="wp-block-heading"><strong><strong><strong><strong>Factoring Loads vs. Self-Financing: What’s the Difference</strong></strong></strong></strong>?</h2>



<p>Freight factoring (also known as invoice factoring) is a helpful service for many trucking business owners.</p>



<p>It ensures you get paid within less than a week or even the same day, of delivering a load. This is true no matter how long it takes a customer to pay. Many factors also allow you to run free background checks on your customers. This can help you determine whether you&#8217;ll face issues with slow payment.</p>



<p>Many owner-operators also choose to get paid directly by their customers. This is largely dependent on whether you have enough cash to self-finance your business. When it comes to high fuel costs and equipment leasing, factors can be a great partners to help you grow.</p>



<p>There is no wrong answer to how trucking companies should operate. However, there are a few easy ways to help you determine whether factoring is right for your business.</p>



<h2 class="wp-block-heading"><strong><strong><strong><strong>Determining Whether You Need Freight Factoring</strong></strong></strong></strong></h2>



<p>Here are two of the most important questions to ask yourself when choosing between factoring and self-financing your business.</p>



<h3 class="wp-block-heading">1. <strong><strong><strong>Does my trucking business have a healthy cash flow?</strong></strong></strong></h3>



<p>A healthy or positive cash flow means you have more money coming into the company than you’re spending. If you foresee major expenses coming, such as purchasing or repairing costly trucking equipment, your cach flow may tighten. If this means scaling back or working overtime in order to make ends meet, factoring can ease the burden so you can continue to grow your business.</p>



<h3 class="wp-block-heading">2. <strong><strong><strong>How often am I dealing with invoices?</strong></strong></strong></h3>



<p>If you&#8217;re spending a significant amount of time sifting through paperwork for the week&#8217;s hauls, that&#8217;s dollars lost. If you only have so much time to relax in between hauls, use it wisely. Many factors are well-versed in trucking operations and have the right staff to help you with your back-office operations. <strong><a href="https://expressfreightfinance.com/">Express Freight Finance</a></strong>, for instance, pairs clients with back-office specialists that take care of invoices.</p>



<h3 class="wp-block-heading">Benefits of Factoring</h3>



<p>Freight factoring, also known as invoice factoring, is a lifesaver for many businesses.&nbsp;</p>



<p>Many small freight companies have survived industry downturns with the help of freight financing. Here are a few ways using a factoring company can help your business in the long term.</p>



<p><strong>Keeps The Business Debt-Free</strong><br>Many transportation businesses are at the mercy of large banks and conventional lenders to finance their businesses. In this case, if cash flow becomes a problem, they may have difficulty keeping up with financially burdensome interest rates. Standard interest rates can range from <a href="https://www.fundera.com/business-loans/guides/commercial-truck-financing">5% to 30%, depending on various factors.</a> In the long run, especially for smaller operations, this practice isn’t sustainable and can quickly plunge the company into debt.</p>



<p><strong>Immediate Funding for your Loads</strong><br>Getting a bank loan can drag your loan application for several days — a luxury you cannot afford. One advantage of freight factoring is a swift release of funding. The best factoring companies out there offer same day payment. This helps many owner-operators and fleet owners with major expenses such as fuel for drivers. For larger trucking businesses, it can also help you process payroll quickly.</p>



<p><strong>Free Client Credit Checks<br></strong>Freight factoring companies will nearly always run credit checks on customers before they factor the load. Why does that matter for you? Credit checks can help safeguard you and/or your drivers from taking on jobs that&#8217;ll result in slow or no pay.</p>



<p>A failed credit check sometimes indicates that customer has a history of not paying carriers or haven&#8217;t beem established for long enough. Either way, it&#8217;s key to minimize financial risk, and credit checks is an easy place to start.</p>



<p><strong>Financial Services Designed for Trucking Businesses<br></strong>The best freight factoring companies want your trucking business to succeed. A good way to gauge whether you&#8217;re choosing the right factoring partner is whether they&#8217;re flexible in their contract terms.</p>



<p>It&#8217;s standard to pay on an annual or bi-annual basis. However, some factors will build in fees to opt out of your contract or charge monthly minimums. Be sure to check the fine print, especially for <a href="https://expressfreigh1.wpengine.com/11-hidden-fees-in-freight-factoring/">hidden fees</a>.</p>



<p><strong>&#8212;</strong></p>



<p>Trucking companies require a steady cash flow to grow and thrive. If you&#8217;re facing major gaps between load delivery and payment or other financial burdens, factoring can truly save the day.</p>



<p><strong>Get a Custom Factoring Rate or Contract Review</strong></p>



<p>To hear more about how factoring can work for your business, <a href="https://expressfreigh1.wpengine.com/contact-us/">get in touch</a>. </p>



<p>Already in a contract? Let one of our agents review it for you. We can help you determine whether you&#8217;re paying any hidden fees or may be able to get a better rate.</p>
<p>The post <a href="https://expressfreightfinance.com/is-freight-factoring-worth-it/">Is Freight Factoring Worth it?</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
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		<title>11 Hidden Fees in Freight Factoring</title>
		<link>https://expressfreightfinance.com/hidden-fees-in-freight-factoring/</link>
					<comments>https://expressfreightfinance.com/hidden-fees-in-freight-factoring/#respond</comments>
		
		<dc:creator><![CDATA[Express Freight Finance]]></dc:creator>
		<pubDate>Tue, 24 May 2022 19:49:15 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Direct Freight Matching]]></category>
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					<description><![CDATA[<p>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&#8217;s contract and knowing about them ahead of time can spare you the difficulty and frustration of discovering them halfway through your contract&#8217;s term. Here, we break down the most...</p>
<p>The post <a href="https://expressfreightfinance.com/hidden-fees-in-freight-factoring/">11 Hidden Fees in Freight Factoring</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>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&#8217;s contract and knowing about them ahead of time can spare you the difficulty and frustration of discovering them halfway through your contract&#8217;s term.</p>



<p>Here, we break down the most common factoring fees to be aware of, to ensure you get the best deal for your trucking company.</p>



<h2 class="wp-block-heading"><strong><strong><strong>Understanding the Top Factors that Affect your Factoring Rate</strong></strong></strong></h2>



<p>There are several factors that can play a huge role in affecting your rate with the factoring company. It&#8217;s important you check these boxes before approaching the company.</p>



<ul class="wp-block-list">
<li>Your Credit History and Age of Business</li>



<li>Your Customer’s Credit History</li>



<li>The Volume of Invoices You Factor</li>



<li>Invoice Amounts</li>



<li>Recourse vs. Non-Recourse Factoring</li>



<li>Amount of Time it Takes the Customer to Pay</li>
</ul>



<h3 class="wp-block-heading"><strong><strong>Your Credit History</strong></strong> and Age of Business</h3>



<p>Your creditworthiness is one of the several checklist items a factoring company would review in order to guarantee there&#8217;s a low risk in financing your business. In order to factor an invoice, the majority of factoring providers require a credit score of 530 or higher, and you need to have been in business for at least 90 days.</p>



<h3 class="wp-block-heading"><strong><strong>Your Customers’ Credit History</strong></strong></h3>



<p>It&#8217;s just as crucial to check your credit score as it is to verify your customer&#8217;s creditworthiness. This helps guarantee that they can pay when they are supposed to. As you read further, we will discuss what to do in the event that your customer cannot pay.</p>



<h3 class="wp-block-heading"><strong><strong>Volume of Invoice Factored</strong></strong></h3>



<p>The factoring company will get a percentage of the full price for the load. As previously indicated, most factoring companies require 1% to 5% of the charge that the customer will pay. For example, if the entire amount is $5,000, a 2.5% factoring business would offer you $4,876 and $125 would go to your factoring company. </p>



<p>Watch out for any factoring offer above 3% and make sure to get a few quotes before signing any contract. The team at <strong><a href="https://expressfreightfinance.com/">Express Freight Finance</a></strong>, for instance, evaluates several factoring contracts a year and is often able to offer better rates.</p>



<h3 class="wp-block-heading"><strong><strong>Recourse vs. Non-Recourse Factoring</strong></strong></h3>



<p>Recourse versus non-recourse is a technical term in a factoring contract that is often disregarded. However, <a href="https://expressfreigh1.wpengine.com/recourse-and-non-recourse-factoring/"><strong>knowing the difference</strong></a> is vital in determining your rate, as well as preventing unexpected expenses. In a non-recourse factoring agreement, if your client is unable to pay, your factor will not require you to then pay that amount. </p>



<p>This occurs in rare instances when a customer files for bankruptcy between the time the invoice is submitted and the time the money is due. In a recourse factoring agreement, on the other hand, you may be held personally liable for that debt.</p>



<h3 class="wp-block-heading">The Amount of Time It Takes Your Clients to Pay</h3>



<p>Customers are given a certain amount of time to pay, and if they do not do so within that time frame, they will be charged a few fees along the way. It&#8217;s frequently done on a tiered system, which means you pay a given amount for a certain number of days, and then the percentage increases.</p>



<p>Some factoring companies will not proactively let you know when your customer is coming up on their deadline to pay. Watch out for fees that can pile up based on this common issue that’s out of your control.</p>



<h2 class="wp-block-heading"><strong><strong>11 Hidden Fees to Watch Out For in Freight Factoring</strong></strong></h2>



<p>When signing up or renewing your contract with a <strong><a href="https://expressfreightfinance.com/freight-factoring/">freight factoring</a></strong> company, there may be certain expenses that are hidden in the contract, so you must be attentive and ask questions. We&#8217;ve highlighted them below.</p>



<ol class="wp-block-list">
<li>Application Fees</li>



<li>Setup Fees</li>



<li>Credit Check Fees (for your customers)</li>



<li>Wire Transfer Fees or Money Disbursement Fees</li>



<li>Due Diligence Fees</li>



<li>Late Fees</li>



<li>Customer Service Fees</li>



<li>Processing Fees</li>



<li>Invoice Discounting Rates</li>



<li>Minimum Volume Requirements</li>



<li>Cancellation Fees</li>
</ol>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><a href="https://expressfreightfinance.com/factoring-get-yours/"><img decoding="async" width="1658" height="624" src="https://expressfreightfinance.com/wp-content/uploads/2023/07/FACTOR-WITH-EXPRESS-FREIGHT-2.png" alt="" class="wp-image-6975" style="width:1658px;height:624px" srcset="https://expressfreightfinance.com/wp-content/uploads/2023/07/FACTOR-WITH-EXPRESS-FREIGHT-2.png 1658w, https://expressfreightfinance.com/wp-content/uploads/2023/07/FACTOR-WITH-EXPRESS-FREIGHT-2-300x113.png 300w, https://expressfreightfinance.com/wp-content/uploads/2023/07/FACTOR-WITH-EXPRESS-FREIGHT-2-1024x385.png 1024w, https://expressfreightfinance.com/wp-content/uploads/2023/07/FACTOR-WITH-EXPRESS-FREIGHT-2-768x289.png 768w, https://expressfreightfinance.com/wp-content/uploads/2023/07/FACTOR-WITH-EXPRESS-FREIGHT-2-1536x578.png 1536w" sizes="(max-width: 1658px) 100vw, 1658px" /></a></figure>
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<h3 class="wp-block-heading"><strong>Application Fees</strong></h3>



<p>The application fee is the amount that is normally levied at the time of sign-up. It is typically a one-time payment that shows your willingness to enter into an agreement with the factoring company. This creates a favorable environment for additional business discussions and negotiations.</p>



<h3 class="wp-block-heading"><strong>Setup Fees</strong></h3>



<p>This is also a one-time fee paid at the start of the transaction between you and the factoring company. This is typically used to keep your account current, provide required reports, and process legal papers.</p>



<h3 class="wp-block-heading"><strong>Credit Check Fees</strong></h3>



<p>This fee is used to conduct credit checks for both you and your customer. It&#8217;s a crucial stage since it shows the factoring firm that the customer can pay and that you have the resources to repay the costs if the consumer is unable to pay.</p>



<h3 class="wp-block-heading"><strong>Wire Transfer Fees or Money Disbursement Fees</strong></h3>



<p>This includes all fees and charges incurred during the disbursement of funds, as well as the maintenance of reserves for each invoice. Payment mechanisms such as wire transfer, ACH, and money codes may all incur fees.</p>



<h3 class="wp-block-heading"><strong>Due Diligence Fees</strong></h3>



<p>This is a non-refundable fee paid by your trucking firm to the freight factoring company to express interest in the slot and, if necessary, to secure it. The money is usually paid in whole, although it may be paid in installments as well.</p>



<h3 class="wp-block-heading"><strong>Late Fees</strong></h3>



<p>These are fees incurred when the customer does not pay the money within the specified time. After the term has passed, this fee will begin to accrue based on the percentage stated in the contract.</p>



<h3 class="wp-block-heading">C<strong>ustomer Service Fee</strong></h3>



<p>Most factoring companies offer customer service to their customers upon signing up, but in some cases, an additional fee is charged to use their customer service. This is often seen in large factoring companies.</p>



<h3 class="wp-block-heading"><strong>Processing Fee</strong></h3>



<p>This fee is incurred during the initial stages of processing your application with the company. When signing a contract with a factoring company, you need to provide two important documents: an invoice and a bill of lading (BOL). Processing fees are also used to process these documents.</p>



<h3 class="wp-block-heading"><strong>Invoice Discounting Rate</strong></h3>



<p>Invoice discounting and invoice factoring are two phrases that have often been interchanged. When a trucking company implements invoice discounting, it approaches a factoring company and asks for a specific amount of money, then uses the invoice as collateral.</p>



<p>The trucking company keeps control of the ledger in this situation, and the consumer is unaware that another financial transaction is taking place. It&#8217;s also known as &#8220;discreet invoicing.&#8221;</p>



<h3 class="wp-block-heading"><strong>Minimum Volume Requirement</strong></h3>



<p>Some factoring providers have a contract requirement that you factor a certain number of invoices per month. If you do not meet the minimum number of factored invoices for the month for any reason, you will be charged a fee to compensate for the profit they could have made.</p>



<h3 class="wp-block-heading"><strong>Cancellation Fees</strong></h3>



<p>Because they offer some of the cheapest rates, many large factoring companies require you to sign a contract that will expire after a specific number of years. As a result, the factoring business will handle your load fees for the next two years, and if you decide to terminate before the end of the contract, you will be required to pay penalties to offset part of the profit they may have made.</p>



<h4 class="wp-block-heading">Conclusion</h4>



<p>Freight factoring helps many small trucking businesses grow with the range of financing options they&#8217;re able to provide. Still, it&#8217;s important to remain in control of the amount of money you&#8217;re investing in your freight factoring company. If you&#8217;re about to sign a freight factoring contract, make sure you&#8217;re looking at and asking about these eleven fees that are oftentimes buried in the fine print.</p>



<p></p>



<p></p>
<p>The post <a href="https://expressfreightfinance.com/hidden-fees-in-freight-factoring/">11 Hidden Fees in Freight Factoring</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
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		<title>Top 5 Load Boards for Truckers in 2022</title>
		<link>https://expressfreightfinance.com/top-load-boards-for-truckers/</link>
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		<dc:creator><![CDATA[Express Freight Finance]]></dc:creator>
		<pubDate>Wed, 22 Dec 2021 18:07:05 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Direct Freight Matching]]></category>
		<category><![CDATA[Load Board]]></category>
		<category><![CDATA[Top Load Boards]]></category>
		<category><![CDATA[Trucking Business]]></category>
		<guid isPermaLink="false">https://expressfreigh1.wpengine.com/?p=6394</guid>

					<description><![CDATA[<p>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 a significant part in the US job market. At the heart of this industry are...</p>
<p>The post <a href="https://expressfreightfinance.com/top-load-boards-for-truckers/">Top 5 Load Boards for Truckers in 2022</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
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<p>Trucking is the lifeblood of the American economy, accounting for more than 72.5% of the freight transportation across the country. With more than <a href="https://www.trucking.org/economics-and-industry-data">3.3 million drivers, and 7.6 million people </a>employed directly or indirectly by the trucking industry, it plays a significant part in the US job market.</p>



<p>At the heart of this industry are the truckers who are continuously looking for the loads to keep their trucks on the roads.</p>



<h2 class="wp-block-heading"><strong><strong>How truckers find loads</strong></strong></h2>



<p>There are a variety of methods that truckers can use to find loads to haul. They can also use a mix of the following methods to find the best pay-outs and preferred routes throughout the United States:</p>



<h3 class="wp-block-heading"><strong><strong>The #1 Way to Find Loads: Load Boards</strong></strong></h3>



<p>A load board is the most widely used method to find a load of your choice and preference. There are hundreds of free and paid options for digital load boards with thousands of loads on the marketplace.</p>



<p>Both shippers and brokers can post available loads, and oftentimes load boards allow truckers to post about their equipment, route, and types of trucks. Truckers can also call the brokers for further information and rate negotiations.</p>



<h3 class="wp-block-heading"><strong><strong>What is a load board and how is it used?</strong></strong></h3>



<p>A load board is an online marketplace that enables shippers and brokers to post available loads and find the right carrier for the job. </p>



<p>Think of it as a matching system, similar to a dating site, that allows the carriers to find the most profitable loads to keep their truck on the road and maximize their earnings.</p>



<p>With this online platform, carriers will typically buy a subscription to search for thousands of load options in real-time. You can also post your empty trucks along with other information, such as the type of truck(s) you have available.</p>



<p>Brokers and shippers can reach out to you with follow-up information or you can contact them directly for a posted listing of a load. A load board also allows you to communicate about the specific load and negotiate on price. Many load boards also help the truckers to check the reviews and credit scores of a particular broker or shipper.</p>



<h3 class="wp-block-heading"><strong><strong>Are load boards worth it?</strong></strong></h3>



<p>Load boards are widely used in the US trucking industry to move freight across the country. With roughly 97% of carriers operating 20 or fewer trucks, load boards are certainly worth exploring. This is especially true if you’re just starting your own trucking business, are an owner-operator, or own a small fleet.</p>



<h3 class="wp-block-heading"><strong><strong>For New Owner Operators</strong></strong></h3>



<p>If you’re a new trucker owner-operator, using a load board can help you grow your business and find new business partners.</p>



<p>The trucking business heavily relies on networking and relationships, whether that is with a broker, shipper, or fellow truckers. Load boards can assist you in expanding your network, establishing new relationships, and staying up to date with the rates, news, and the latest trends in the industry.</p>



<p>There are hundreds of real-time listings available on load boards you can choose from. It also puts you in control, as you can tell the broker about where you are and what your destination is to find freight along your preferred routes.</p>



<p>According to <a href="https://www.economist.com/business/2016/03/03/the-appy-trucker">The Economist</a>, an average truck driver drives 28% of their total mileage without a load on a return trip. Better networking with the brokers through a load board can significantly reduce this downtime and help you make more money with your truck.</p>



<h2 class="wp-block-heading"><a></a><a></a><strong>Top 5 Load Boards</strong></h2>



<p>There are plenty of load board options in the market with both free and paid monthly subscriptions. We’ve compiled a list of the top five load boards with powerful features to find your next load.</p>



<p>Here are some of the best load boards for truck drivers, owner-operators, and brokers:</p>



<ol class="wp-block-list">
<li><a href="https://www.directfreight.com/home/"><strong>DirectFreight</strong></a><br><br>DirectFreight is both a trucker and broker-friendly load board packed with every feature you might need in the trucking business. It provides easy, location-based search options for loads as well as trucks.<br><br>As an owner-operator, you can look at the credit score, bond, authority, and insurance information of a broker. DirectFreight also lets you store and send documents, show load bookings, and even see the average number of days to pay. Other useful features include weather reporting, text and email alerts, and audible app notifications to tell the carrier about newly available loads. It also provides integration with the transport management software provider TMW systems.<br><br>You can get all these features at $34.95 per month. However, <a href="https://expressfreightfinance.com/marketfit-freight-intelligence-tool/" target="_blank" rel="noreferrer noopener">Express Freight’s MarketFIT</a> users get access to DirectFreight Premium for free.<br></li>



<li><strong>TruckStop<br></strong><br>Truckstop is known for its large number of registered brokers. Basic membership starts at $39 a month for the carrier and $99 for both the broker and the shipper.<br><br>With a large community of brokers, shippers, and carriers, you can find loads quickly and easily. To unlock all of the features, you’ll need to purchase their Pro version with the real-time load board option for $149 per month.<br></li>



<li><strong>DAT</strong><br><br>DAT offers a state-of-the-art live load board with multiple search options and filters to refine your search for a load.<br><br>This load board also shows pricing details for each load, helping truckers negotiate a fair price. On average, there are over 800,000 new listings each day on DAT.<br></li>



<li><strong>123Loadboard<br></strong><br>123Loadboards is an industry leader for load board solutions, with over 50 million truckloads posted annually.<br><br>In addition to a paid membership with unlimited load searches and live notifications, 123Loadboard offers a free load board app and a 10-day trial of its premium features.<br><br>The app also offers comprehensive search options and reporting tools for truckers at a starting cost of $35 a month. With their highly-rated mobile app, you can find available loads anytime and anywhere.<br></li>



<li><strong>Trucker Path</strong><br><br>With more than 800 brokers and 150k+ loads per day, Trucker Path provides a mapping and navigation mobile app for truck drivers.<br><br>The free platform lets you check the broker’s credit score and find the closest truck stop, available parking, weigh stations, fuel stops, trip planning, and truck-safe routing. You can use the Trucker Path app or the web version to find the load of your choice.<br></li>
</ol>



<h2 class="wp-block-heading"><strong>When to use a broker vs. sourcing loads independently</strong></h2>



<p>Outside of load boards, you may be curious to source your loads through freight brokers. In short, freight brokers arrange for the transportation of freight for direct shippers.</p>



<p>With consistent ties to shippers and multiple load options, freight brokers can help kick start your carrier business. They also do the legwork and negotiation on your behalf with the shipper, which can help you focus on your job when you&#8217;re just starting or expanding.</p>



<p>Building a strong relationship with your broker is critical. As with any contract or agreement, it’s also important to set clear terms with your broker and look out for any hidden fees or charges.</p>



<p>Once you gain a certain amount of experience and industry knowledge and your business is already up and running, you can look for options other than a broker.</p>



<p>There are plenty of ways to find a load for your trucks outside of freight brokers, including <a href="https://expressfreightfinance.com/freight-factoring/">freight factoring</a>, becoming a government contractor, brokering your own deals, and networking with other small carriers or truckers for referrals.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://expressfreightfinance.com/mobile-app/"><img loading="lazy" decoding="async" width="1024" height="465" src="https://expressfreightfinance.com/wp-content/uploads/2023/06/Express_Freight_Factoring_Blog_CTA-1024x465.jpg" alt="" class="wp-image-6937" srcset="https://expressfreightfinance.com/wp-content/uploads/2023/06/Express_Freight_Factoring_Blog_CTA-1024x465.jpg 1024w, https://expressfreightfinance.com/wp-content/uploads/2023/06/Express_Freight_Factoring_Blog_CTA-300x136.jpg 300w, https://expressfreightfinance.com/wp-content/uploads/2023/06/Express_Freight_Factoring_Blog_CTA-768x349.jpg 768w, https://expressfreightfinance.com/wp-content/uploads/2023/06/Express_Freight_Factoring_Blog_CTA-1536x697.jpg 1536w, https://expressfreightfinance.com/wp-content/uploads/2023/06/Express_Freight_Factoring_Blog_CTA.jpg 1753w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
</div>


<h3 class="wp-block-heading"><strong>Establishing a direct relationship with shippers</strong></h3>



<p>Hauling loads directly from the shippers (or customers) might sound tempting because you can save the commission of the broker. However, this also means it’s up to you to find, negotiate and sell to the shippers yourself. This process takes a lot of time and hassle to build relationships and negotiate rates with the shipper.</p>



<p>You also need to build relationships with multiple shippers to guarantee a load on your way back from the destination to prevent the dreaded deadhead miles.</p>



<p>Most shippers award the shipping contracts through bids which are generally available for larger carriers and fleet owners. Large shippers also require the Transportation Management System (TMS) systems with EDIs and APIs.</p>



<p>If you have a single truck or a small fleet, this might not be an ideal option for you.</p>



<h3 class="wp-block-heading"><a></a><strong>Freight Brokers</strong></h3>



<p>Freight brokers offer their services to find and broker deals with the shippers and the carrier/owner of the fleet for a commission.</p>



<p>Relationship matters a lot in the trucking business. A good working relationship with the broker helps you find the best deals at any given place and time. Some of the large shippers also prefer to work with freight brokers because of their huge network of truckers and carriers across the country.</p>



<h3 class="wp-block-heading"><a></a><strong>Digital Freight Matching Apps</strong></h3>



<p>Digital freight matching apps ease the process of finding loads with a set rate for each haul.</p>



<p>Drivers can accept the published jobs at a fixed rate without the hassle of negotiations. This process eliminates the need for back-and-forth negotiations, saving both parties time. The downside is that you may not earn as much as you would without the fixed rate.</p>



<p>According to a 2019 study by <a href="https://s29755.pcdn.co/wp-content/uploads/2020/03/Freight-Matching-Apps-by-Market-Share-October-2019-2.pdf">FreightWaves</a>, carriers surveyed say that they only source 11% of their freight from freight matching apps.</p>



<p>Despite the rise and focus on Direct Freight Matching Apps, the most popular method for sourcing freight for carriers running one to three trucks continues to be&nbsp;directly from freight brokers, shippers, and load boards.</p>
<p>The post <a href="https://expressfreightfinance.com/top-load-boards-for-truckers/">Top 5 Load Boards for Truckers in 2022</a> appeared first on <a href="https://expressfreightfinance.com">Express Freight Finance</a>.</p>
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