The experts are optimistic about the U.S. transportation sector for 2014, trucking is the leader on freight transport in the United States and in 2012 having had its best year since the recession and with unemployment dropping to the 7% range and deficit gradually decreasing, we can expect truckers and carriers to continue with increased profitability and growth. We welcome the input of our blog participants on this issue and comments on their own personal outlook of the industry.
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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