Freight Factoring

Running a truck or a small fleet is very expensive. The cost of fuel, which must be bought effectively, is one of the biggest expenses for fleet owners. Keeping your units fueled up can be difficult. Many shippers and brokers don’t offer quick pays. Instead, they pay their invoices in 30 to 60 days. Most […]

Summary: Fuel advances have been gaining popularity among owner-operators and small fleet owners in recent years. They can be a useful resource for carriers that are just starting out or growing quickly. However, fuel advances also have drawbacks and can be an expensive solution. Carriers should use them carefully. This article explains how fuel advances […]

Summary: A fuel advance is an add-on that many factoring companies offer alongside their freight bill factoring programs. Fuel advances provide funds to cover fuel and other expenses. Your company gets access to these funds when you pick up a load. Fuel advances are used by small and growing trucking companies that need funds to […]

Here is a list of useful resources for truckers. We are constantly updating this list. If you have a suggestion, please contact us through our Google+ or LinkedIn pages. Load boards Truck Stop Locators Road Conditions Weather Mobile Apps Financing Driving Schools (aspiring truck drivers) Credit Software Miscellaneous Women In Trucking   Note: These resources […]

Here is the list of the best smart phone mobile applications for truckers. We car constantly enhancing this list. If you have a suggestion, please let us know through Linkedin. Document Management Tranflo Transflo is a mobile scanning solution that handles document delivery. Drivers can use it to send documents to carriers. And carriers can […]

Most small freight carriers don’t have adequate cash reserves. This situation is common for small businesses. Unfortunately, this lack of a reserve leaves them vulnerable to cash flow problems. Managing these cash flow problems is difficult because smaller trucking companies usually don’t have easy access to bank financing. This article discusses how small carriers can […]

When it comes to dealing with slow-paying shippers, trucking carriers have two options: quick pays and factoring. This article helps you understand both options and covers the best strategy for using them. We discuss: 1. Slow cash flow is a problem Slow cash flow is one of the biggest problems for trucking carriers, especially new […]

Factoring is a form of financing that allows you to finance your slow-paying invoices. It improves your company’s financial position, providing the funds it needs to operate and grow. Learn more by reading “What is freight bill factoring?” This article highlights the advantages of freight bill factoring. It helps you determine if it is the […]

Most trucking companies are started by drivers who invest their own money to launch and grow the company. While many drivers have a great deal of industry experience, they don’t always have a lot of money. Often, this situation prevents them from reaching their full potential. It also leaves them open to cash flow problems. […]

Summary: Running a freight brokerage requires careful management. As a broker, you are in the middle of a transaction, balancing the demands of your shippers and carriers. Aside from the obvious logistical problems, this situation can also create cash flow problems. This article discusses how to finance a growing freight brokerage and solve the most […]