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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 locations
No minimum usage requirements
Low, simple transaction fees
Online card maintenance and account management tools
24/7 customer service
This quick-cash for freight program is simple and straightforward with rates and terms that are very competitive.

MORE INFORMATION https://www.1sttruckingfactoring.com -

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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.