Does Bad Credit Matter For Freight Factoring?

The pandemic hit many trucking companies pretty hard. You’re among them. You managed to survive the pandemic’s slowdown, but it impacted your credit. You need to build your trucking business to ensure you have steady revenue, but bad credit keeps …

The American Trucking Association reports that 10.23 billion tons of freight were transported in 2020. It was a decline of about 1.6 billion tons, but it still generated more than $732 billion for trucking companies and drivers. At the same …

How many weeks go by between payments from your clients? If your brokers or shippers pay invoices once a month, it may be weeks before you get your next payment. Meanwhile, you have salaries to pay. Your electric company doesn’t …

How long does it take your brokers and shippers to pay you? If you’re lucky, you get paid within a couple of weeks, but some companies only pay invoices once a month. If the broker or shipper mails checks rather …

 What are your goals as an independent trucker or owner of a trucking company? Most people will answer to grow the business and bring in more revenue. Increasing your business requires care as you don’t want to take on more …

What do you know about freight invoice factoring? It’s a beneficial service where you get immediate payment for loads you’ve picked up and/or delivered. Instead of waiting weeks to get money for your unpaid invoices, you get the payment that …

Do you know how freight factoring for trucking works? It’s a process where a company pays you a portion or all of the money a broker or shipper owes you, but you don’t have to wait weeks for payment. You …

Ask truckers how long it usually takes them to get paid for the loads they haul, and you’ll hear 30 days. Sometimes, they get paid as quickly as two weeks, but the norm is monthly. That’s an ideal situation. You …

At the beginning of March, the average diesel fuel price was $4.849 per gallon. Towards the end of the month, it was $5.139. This is almost $2 more per gallon than a year ago. Some areas experience pricing that’s well …

You’re going out on your own. As an owner-operator of your own trucking company, you want to make money in the quickest, most effective manner. How do you ensure you’re going to turn a profit? Make sure you’re finding high-paying …