Freight bill financing has been gaining popularity as a way to finance growing trucking carriers. Factoring helps trucking carriers improve their cash flow by enabling them to finance invoices that take 30 days or longer to pay. This article helps you understand the most important benefits of freight bill factoring. To learn more, read “What […]
Transportation
Make a Successful Trucking Company Using Financing
Starting and growing a trucking company can be very profitable when done correctly. Unfortunately, many new truckers get into problems because they don’t use the right strategy to launch their business. This situation usually leads to expensive mistakes. In this article, we discuss some important points that owner-operators must consider if they want to be […]
What to Do if Your Shippers Don’t Offer Quick Pays
Most owner-operators and small freight carriers prefer to work with shippers that offer quick pays. Unfortunately, many shippers and brokers don’t offer them. This situation creates a problem for truckers looking to grow their companies but can’t afford to wait 30 days or more for a shipper to pay them. This article shows you how […]
Freight Factoring Financing for Quebec Transportation Companies
Factoring is a financing solution commonly used by carriers and brokers that need financing. It helps improve the company’s cash flow by financing slow-paying invoices. The solution provides the company with funds to operate the business more effectively. This article explains how factoring works and addresses some specific details about the due diligence for carriers […]
Financing a Small Transportation Carrier with Freight Factoring
Most small carriers are owned by drivers who learned the industry, become owner-operators and eventually grew their fleets. They run lean operations with limited resources, and every dollar is valuable. Owner-operators and small companies are often unprepared to handle the financial difficulties of growing a fleet. This article discusses how small trucking carriers can finance […]