Marketwire reported recently on a trucking industry resurgence over the past few
months, and in January, the highest on record for "For-Hire Truck Tonnage Index"
which increased by 2.9% to 125.2. We are excited about the trend and with fuel
costs remaining stable and possibly declining in the near future, we are
optimistic and look forward to a great year for the trucking industry.
Why freight factoring is so important to a carrier? Freight factoring is the blood flow of cash flow, a carrier to remain competitive and operate successfully must offer credit to its customers, typically 30 to 90 days, so this is cash that the business will not receive right away, so how can the business operate having to wait that long for their payments, well, freight factoring? With factoring, the trucking company sells its outstanding invoices to a factoring company right after the invoice is issued, providing the carrier with the necessary cash to continue operating without a cash flow shortfall. https://www.1sttruckingfactoring.com
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