Freight Factoring

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 […]

Every successful trucking company needs to use financing at some point. Growing companies have to buy equipment, pay employees, and handle multiple expenses. Eventually, the owner will run out of funds and use external financing. This article discusses how trucking company owners can finance their two most significant expenses: equipment purchases and operations. It also […]

Freight factoring, also known as freight bill factoring, is a form of business financing in the transportation industry. It helps carriers and brokers improve their cash flow by financing their invoices from slow-paying clients. Factoring provides companies with the funds to operate and grow to their full potential. We cover the following: 1. How does […]

One of the greatest challenges for new owner-operators and small fleet owners is finding loads and long-term trucking contracts. Sadly, this is one of the most common reasons many small trucking companies go out of business. In this article, we cover the following: (Note: we do not provide trucking contracts. This article is provided for […]

Summary: A freight load board is a useful tool when used correctly. However, owner operators should not rely entirely on them for freight loads. This article shows a list of free load boards that provide loads for owner-operators based in Canada, or who want to pull loads to/from Canada. Some listings offer a free trial […]

Online trucking forums are one of the best resources for new and growing trucking companies. Most forums have seasoned truckers that participate in daily conversations and are willing to help fellow drivers. If you are interested in becoming a successful owner-operator, consider participating in these forums. These forums can provide advice on how to start, […]

The most important job for any owner-operator or small fleet owner is finding the best-paying freight loads to haul. For many, this task is the most difficult part of owning a trucking company. Unfortunately, many truckers and owner-operators go out of business because they don’t know how to find good loads. This article shows you […]

Making a move from being a truck driver to being an owner-operator can be financially rewarding. However, it can also be very challenging, especially during the initial months of the business. As a new business owner, you need to worry about things that your employer used to handle. One of the greatest challenges for truckers […]

A load board is a website that matches freight shippers (and brokers) with carriers. Shippers and brokers post loads that need hauling. Likewise, owner-operators and fleets can post their available capacity. Load boards allow shippers and carriers to find each other and enter commercial agreements to move the freight. This article covers: (Note: Commercial Capital […]

Summary: Trucking load boards remain popular with Canadian carriers looking to get freight loads. Load boards offer a simple solution for shippers who need freight moved and for carriers with available capacity. Many new owner-operators hope to rely solely on load boards to grow their business. Perhaps this strategy sounds easy because you can find […]