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What is freight factoring? Freight factoring is simply the purchase of freight bills/accounts receivables, an essential financial tool for trucking and transportation companies.  Freight factoring eases the company's financial tension by funding their net 30-60 and even 90 day freight bills/invoices now - not when they're due. With factoring, you focus on what you do best; getting and delivering your loads, sales, customer service and growth, and the freight factor focuses on what they do best, factoring/funding your invoices, and assuring that your steady cash flow continues. With freight factoring, the strengths are in your receivables and the ability of the carrier or brokerage to generate eligible sales - not time in business or financial condition. And, with freight factoring you are not creating debt. Freight factoring releases cash to bring your business plans to life; grab new opportunities; invest in new equipment, meet payroll and other expenses, or simply negot...

Our Military Veterans and their families currently have an opportunity to be trained for jobs in the transportation industry. The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration announced on Wednesday that there are grants available totaling almost $1 million which were awarded to six colleges across the country as part of their grant program.  The colleges are: Grays Harbor College in Aberdeen, Wash. ($131,041) Long Beach Community College District, in Long Beach, Calif. ($211,733) Orangeburg-Calhoun Technical College in Orangeburg, S.C. ($150,000) Lone Star College in Woodlands, Texas ($184,260) Century College in White Bear Lake, Minn. ($120,000) Joliet Junior College in Joliet, Ill. ($176,427) There is a high demand for commercial trucking jobs which is continuing to grow, and in fact, an additional 300,000 jobs are expected by 2020. To learn more about this and other opportunities available to our Veteran's visit http://www.dot.gov/ve...

Is trucking and transportation ready for ObamaCare? The fact is that many of us do not know much about ObamaCare, but here are a few points that should help us understand the basics: To help us understand the different health insurance choices, health insurance companies are required to provide us with an easy-to-understand summary on the health plan’s benefits and coverages. Open enrollment begins on October 1, 2013 CHECKLIST FOR SMALL BUSINESSES If you’re a small business owner, you’ll be able to offer your employees new health plan choices through the Small Business Health Options Program (SHOP). 7 Things You Can Do To Get Ready Now 1. Make sure you understand how insurance works. For example, you’ll want to understand the difference between premiums and out-of-pocket costs, like deductibles and copayments. You’ll want to compare these details to help determine which plans are right for you and your employees. Click for more about how it works. 2. Learn...

The Sequester, which should be not be taken lightly by the trucking / transportation industry is referred to by the White House as "Harmful automatic budget cuts — known as the sequester — threaten hundreds of thousands of jobs, and cut vital services for children, seniors, people with mental illness and our men and women in uniform. These cuts will make it harder to grow our economy and create jobs by affecting our ability to invest in important priorities like education, research and innovation, public safety, and military readiness." President Obama and both parties in Congress have been working together for the last few years to reduce the deficit by more than $2.5 trillion looking into spending cuts and tax rate increases. But after all these years of discussions and negotiations, they could not agree on a plan to reduce the deficit, and in 2011 Congress passed a law saying that "if they couldn't agree on a plan to reduce our deficit by $4 trillion — includi...

The US Department of Transportation has certainly kept up with enforcement -- in the last few days it has shut down two bus companies, one Illinois based and the other a Mexican based operating in the U.S., both because of their drivers and vehicles posing an imminent hazard to public safety.  And in the last few weeks it has either fined or shut down a number of other carriers.  Public safety and regulatory compliance are priorities, why risk being shut down? If revenues are tight, talk to a financial expert that specializes in helping trucking and transportation companies, there should be financial options to help carriers keep up their fleet and operation in full compliance.  If you are a carrier that needs help and would like us to find someone that can possible assist, please send us an email . PLEASE SUPPORT THE VICTIMS OF THE OKLAHOMA DISASTER - CLICK

The Department of Transportation, Bureau of Transportation Statistics reported last Wednesday on the February report on U.S.-NAFTA Freight Flows by All Modes of Transportation,  and of the $88.4 billion of transported freight in February 2013 between (NAFTA) partners, trucks transported the most at 59.1%. rail transport came in second at 15.3%, then Vessel at 9.7%, with Pipeline at 7.7%. Other and Unknown at 4.6% and Air transport last at 3.6%. Click to read the full report .

How is the trucking community reacting to the current economic environment?  Irrespective of financial market conditions including the decline in gold prices, trucking continues to recover and in fact expand in many sectors, as an example, Inautonews.com recently reported on the heavy truck manufacturing industry, although still recovering, is on the right track with orders staying above 20,000 a month.