The Los Angeles Times had an interesting article a few weeks ago written by Karen Levy about the nation's trucking system suggesting sleep deprivation and the need to address reform of a range of
unsafe practices. The article went on to state that many trucking companies are
putting tremendous pressure on their drivers to stay longer on the road than what is required by law, even owner-operator are feeling the pressure when
dealing with brokers, some are losing opportunities when they hew to close to
the rules. If this is true, then we have an epedemic that needs to be addressed as soon as possible and what can the industry do to avoid these pressures
imposed on our nations' drivers?
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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