Freight Factoring

Most truckers become owner-operators because they want more money and the freedom to run their own business. But, above all, they want the opportunity to grow and make a successful trucking company. Unfortunately, most owner-operators experience problems because they don’t have enough money to run the business. They are caught off guard when they don’t […]

Summary: Many owner-operators enter the trucking business hoping to expand their carrier into a large trucking fleet. But few owner-operators grow their companies using a methodical approach. Instead, they jump at the chance of growth without understanding how to grow the business. This approach seldom works and often ends up in financial failure. We recently […]

The most challenging step in starting a trucking company is often the first step – getting started. However, this step can be difficult for many first-time trucking entrepreneurs. Everyone knows that the best business plan is useless unless you put it into action and implement it. This article helps you take on the six most […]

Summary: Most trucking companies encounter cash flow problems at one point or another. This happens because managing a trucking company’s cash flow is challenging. Cash flow problems occur because most expenses are immediate while revenues are delayed by 30 to 60 days. This situation creates a gap in your cash flow that affects your ability […]

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: Managing a growing freight carrier is difficult, especially while growing a fleet and adding drivers. While business growth is beneficial, it can also create cash flow problems. This article discusses how fast-growing Canadian carriers can use factoring to improve cash flow. You will be able to determine if it is the right solution to […]

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 […]

Every company runs into cash flow problems at one time or another. However, many of these problems can be prevented with some planning and diligence. In this article, we cover nine common cash flow problems that affect carriers, along with some solutions: 1. You don’t charge enough Many trucking companies experience cash flow problems because […]

Summary: Canadian auto haulers frequently have trouble finding a factoring company that can work with them. Unfortunately, many factoring companies cannot finance auto haulers due to the risk of cargo damage, claims, and other issues. This article explains how freight factoring works, why auto transport companies are challenging to finance, and how to find a […]

Growing a successful trucking company takes a lot of hard work and dedication. But, above all, it takes a disciplined approach to make the right decisions and take the right actions. This article helps Canadian owner-operators and small fleet owners accomplish this goal. It summarizes the seven key steps to take to grow your trucking […]