The jobs report that came out Friday indicated a total of 217,000 jobs gained although no change to the unemployment rate which is still at 6.3%, there were gains in the transportation-warehousing sector which rose by 16,000 in May. The industry over the prior 12 months has added average of 9,000 jobs per month, and in May transportation had 6,000+ and 4,000+ for messengers and couriers. Other sectors showing job gains throughout the year included manufacturing which added 105,000 jobs and both sectors (transportation and manufacturing) should maintain gradual growth for the next 12 months. We welcome the comments of individual truckers/carriers and their opinion on how they expect the industry to perform through next year.
Freight factoring is a financial service that trucking and transportation companies use to improve their cash flow. It involves selling their accounts receivable, or unpaid invoices, to a third-party company known as a factor, which provides immediate cash to carriers on their unpaid invoices. This type of service allows trucking companies to access the funds they need to cover operational expenses, pay drivers, and invest in their business without waiting for customers to pay their invoices. By utilizing freight factoring, carriers can maintain a steady cash flow and ensure smooth operations. For more information about freight factoring, please contact us at any time.
Comments
Post a Comment