Is Invoice Factoring and Freight Factoring the Same Thing?

One question we hear often is if invoice factoring and freight factoring are the same things? While they’re similar, they also have key differences. Think about it in this way. A dog and a cat are both animals, but they’re …

Freight factoring involves partnering with a factoring company to sell your invoices for loads you’ve hauled. The factoring firm pays you all or some of the amount due and chases down payment from the shipper or broker for you. It …

Too many people think freight factoring is only for companies with large fleets. The truth is freight factoring is ideal for companies with one or two trucks. By getting paid quickly, it makes it easier for your business to grow. …

One of the best ways to keep a steady flow of money is by hiring a freight factoring company. You don’t have to wait around for your shippers or brokers to pay you. A company will pay you all or …

The 2014 Federal Motor Carrier Safety Administration’s Large Truck Crash Causation Study found that 13% of truck drivers were tired when they crashed. Crashes, even if they’re minor, are costly. Loads arrive late, and repairs and property damage are additional …

When you own a trucking business, you find yourself running into several issues. First, you have to pay for your trucks, registrations, insurance, fuel, etc. Second, you have your drivers’ wages and benefits. To keep your business running, you need …

As a new trucking company, you have a lot of questions. You want to grow your business, but you’re just starting out. It’s hard to get loans and lines of credit when you have no proven history. This is why …

Roadways are crowded with drivers of all ages and all reasons. In 2017, the DOT reported that the U.S. had a total of 272.47 million personal and business vehicles, including cars, trucks, buses, motorcycles, vans, and semis. With close to …

If you’ve been in the trucking industry for a while, you probably agree that this past year has felt like riding on a roller coaster. Whether it’s been international trade wars, a once-in-a-century global pandemic, or extreme weather events, there …

It’s been a tumultuous time for the freight industry, with wild swings and unexpected crises creating a great deal of uncertainty when it comes to many of the key financial indicators. For popular metrics like load-to-truck ratios, flatbed rates, reefer …