Skip to main content

 Professional grade trucking and transportation freight factoring services:

  • Simple process from start to funding
  • Up to 97% advances on freight bills
  • Non-recourse freight factoring
  • Factoring facilities up to $35 million
  • Factoring tailored to your needs
  • Factor only the invoices you choose
  • Competitive rates and flexible terms
  • Fuel Card for added convenience
  • Manage account online
  • Track payments and collections
  • Free invoicing and collections
  • Free load board
  • Free credit checks on your customers
  • And more

We are a dedicated team of experienced trucking and transportation freight factoring professionals, and since 1978 have been helping transportation companies with their immediate and ongoing funding needs. https://1sttruckingfactoring.com/

Comments

  1. Mr Pedro and his loan company was absolutely great to work with. He was extremely clear, thorough and patient as he guided my wife and I through the loan process. He was also very timely and worked hard to make sure everything was ready to go before closing the loan.  
    Mr Pedro is a loan officer working with a group of investors who help us get funds to buy our new home, You can contact him if you want to get a loan at an affordable low rate of 2% RIO   Email Him On . pedroloanss@gmail.com    Or       Whatsapp Chat: + 1-863-231-0632

    ReplyDelete

Post a Comment

Popular posts from this blog

FREIGHT FACTORING SERVICES

  Flexible freight factoring services designed to help trucking and transportation companies with their cash flow. 4 OR MORE TRUCKS (ADVANTAGES) Advances on freight bills up to 95%-98% Non-recourse freight factoring Flexible terms with competitive rates (The objective is to beat our competitors) Funding is customized to your needs You choose which invoices to factor 24/7 free online credit checks Online reporting Invoice generator Invoices are submitted electronically (little or no extra paperwork) Fuel Card Fuel Advances Excellence in customer service 1 TO 3 TRUCKS (ADVANTAGES) We create the invoices and send them to your customers We create the schedule of accounts Instant online credit approvals to keep you moving Non-recourse factoring Customizable programs, competitive fees Industry-leading client service Competitive rates (Our objective is to beat our competition) FUEL PROGRAM Universal acceptance at more than 6,400 truck stops in the U.S. and Canada Fuel discounts in over 1,900
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

Shortage of Truckers

FoxBusiness reported recently on the shortage of truckers, specifically long-haulers, as per the ATA (American Trucking Association) the trucking industry has a shortage of about 30,000 of qualified drivers, and expected to raise to 200,000 over the next 10 years.   Is DOT Secretary Foxx looking into this, there seems to be a significant opportunity to create new jobs in the transportation sector? According to the June 2014 North American freight Numbers, the Bureau of Transportation Statistics reported that "Trucks carry three-fifths of U.S.-NAFTA freight and are the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners. Trucks carried 59.5 percent of U.S.-NAFTA freight in June 2014, accounting for $29.8 billion of imports and $31.4 billion of exports." There is a strong focus on infrastructure investments which is necessary but the DOT should not overlook  an opportunity to create jobs.