TruckingBlogger.com | Blog

Carriers and freight brokers that are waiting to get paid on invoices should consider freight factoring.  Freight factoring is one of the quickest methods for trucking companies and freight brokers to solve cash flow problems. Factoring is converting your freight bills / invoices for cash, thus allowing your company to receive the needed capital quickly, not weeks or months from now.  It does not require additional collateral and does not create debt. No more waiting 30 to 90 days or longer for customers to pay your freight bills, used by almost every industry, factoring allows companies including startups to raise the needed funding quickly, and with factoring you are not creating debt. THE FREIGTH FACTORING PRODUCT OFFER THE FOLLOWING ADVANTAGES Advances up to 97% Non-recourse freight factoring (Up to $5 million) Factoring facilities from $10,000 to $35 million Fuel Card for added convenience and savings at the pump Free load board to help you have full loa

In the ideal world, carriers who need funding would receive a loan from a bank. However, loans are limited to the credit amount and therefore cannot sustain the ongoing billing and new invoices being generated by the trucking company.   Freight factoring is what creates a constant cash flow, an ongoing supply of capital based on outstanding and new freight bills. Here are a few of the benefits of our freight factoring product:   Up to 97% advances on freight bills Non-recourse freight factoring (Up to $3 million) Factoring facilities up to $35 million (For larger brokerages) Competitive rates and flexible terms Fuel Card for added convenience and savings at the pump Free load board to help you have full loads on each trip Complete online account management Perform free credit checks on your customers 24/7 Simple application to funding process Funding for established carriers and startup trucking companies And more... If your cash flow leaves your truckin

There are many options available to trucking companies, options that you may not know are being offered by your current trucking factor. So if you are unhappy with your existing trucking factor, before putting too much time and efforts in searching for a new factoring company, just give your current trucking factor a call and tell them what you want, they could be offering options that you may not be aware they have and all it would take is just a quick phone call.  You can also compare their product with what we can offer, which includes: Up to 97% advances on freight bills Non-recourse freight factoring (Up to $5 million) Factoring facilities up to $35 million (For larger carriers) Competitive rates and flexible term Fuel Card for added convenience and savings at the pump Free load board to help you have full loads on each trip Complete online account management Perform free credit checks on your customers 24/7 Simple application to funding process And m

How are trucking factoring companies doing? As you probably noticed, the trucking factoring industry has become very competitive, trucking factors are constantly improving customer service and searching for ways to better service their customers.   In general a trucking factor is a good guy that specializes in providing the needed cash to their customers with a sincere desire to actually help the customer. What you would like to see in ways of improvements in the trucking factoring industry?

Technology has made the world smaller and larger for many businesses. It has closed the geographical distances that used to be barriers to communication, which in turn has opened new horizons for businesses that now are able to compete in the global arena. Virtually any business today has the potential to become a global concern - as the Internet and other modern communications technologies have made it possible for businesses to buy and sell all over the world. Thanks to these technologies, it's just as easy for businesses to work with vendors and customers on the opposite side of the planet as it is for them to work in their hometowns. Yet although communications have become world-spanning and instantaneous, the global supply chain still needs to catch up. The logistics industry's biggest challenge at the moment is living up to the promises that our new global communications network has created for businesses large and small. In many ways, technology again is the driver th

Steady cash flow, without it carriers and freight brokers may not be able to stay in business. It is essential for transportation companies to work with a freight factoring company that understands the funding needs of trucking companies and freight brokers.  Understanding their needs is the only way a freight factor can truly help solve their cash flow problems. Covering operating expenses, fuel and maintenance of equipment is not an option. Truckers and brokers should work with a freight factoring company that knows the trucking and transportation business and able to offer factoring facilities that are tailored to their individual needs providing on a regular basis the ongoing supply of funding they need based on outstanding invoices, new sales and growth.

April 7, 2018 (https://truckingfactoring.com) Trucking companies and freight brokers that are waiting to get paid on invoices should consider freight factoring. Freight factoring is one of the quickest methods for trucking companies and freight brokers to solve cash flow problems. No more waiting 30 to 90 days or longer for customers to pay your freight bills, used by almost every industry, factoring allows companies including startups to raise the needed funding quickly, and with factoring you are not creating debt. Factoring is converting your freight bills / invoices for cash, thus allowing your company to receive the needed capital quickly, not weeks or months from now. It does not require additional collateral and does not create debt. Here's a bit of interesting information about factoring, did you know that the origin of factoring has been traced back to the days of the Roman Empire or even earlier, but the industry as we know it today in the United States goes back