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.
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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