Are truckers seeing an increase in loads? The economic picture is suggesting just that, and with the expansion of the manufacturing sector and diesel fuel cost still declining, the trucking and transportation industry is on forward motion. There is plenty of money to fund economic expansion and increased loads, trucking factors are making it easier for truckers to get cash quickly on their loads with loosen funding criteria and fuel advances. Let us know what you think?
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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