Skip to main content

Understanding the cash flow needs of carriers and freight brokers

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.


Popular posts from this blog

Freight factoring is the purchase of accounts receivables and ideal for trucking companies that typically bill their customers on credit terms of 30 to 90 days, it is designed to eliminate the cash flow problems associated with aged receivables. For more information visit:
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.

Samsung Safety Truck works to make trucks transparent

Getting stuck behind a slow-moving truck on a one-lane road is never fun. You can't see what's ahead. You could pass the truck, but is there enough room? Samsung's "Safety Truck" might be the solution. It uses a wireless camera on the truck's front grille, which connects to four displays on the rear of the truck. Vehicles behind the truck can see if another car is approaching (even in the dark), and pass the truck when the coast is clear. Take a look at the YouTube video: