Job numbers are out and are better than expected, the private sector up by 246,000 in Feb v. 146,000 in Jan, non-farm up by 236,000, and the unemployment rate down to 7.7 in Feb v. 7.9% in Jan. Business is back on track and the trucking and transportation industry is ready to meet the demand, as well as trucking factors with plenty of money to fund increased loads and industry growth!
Freight Factoring for Strong Cash Flow Truckers and owner-operators often bill their customers for 30 to 90 days to stay competitive. However, the delay in receiving payments can lead to cash flow issues, which is why trucking companies rely on freight factoring to maintain a strong cash flow. Factoring allows trucking companies to receive immediate cash by selling their invoices to a factoring company, and by doing so, they can cover operational expenses, invest in equipment, and ensure timely payment to their drivers. Advantages Our freight factoring product offers numerous advantages, including a non-recourse option, which means the factoring company assumes the risk of non-payment. We provide advances of up to 95%-98% to maximize your funding potential. Additionally, our fuel program offers guaranteed acceptance and provides fuel discounts at the pump across the US and Canada. No more waiting for your customers to pay. Plus many more account features and benefits. More Inf...
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