Freight Factoring and Maintaining Strong Supplier Relationships

Any trucking company requires the right team to ensure the business runs smoothly. Suppliers play a big part in this, and you need to ensure that your supplier relationships do not disintegrate due to miscommunication, poor management, or unpaid bills.  …

Equipment purchases are expensive but necessary when you run a trucking business. One of the best ways to manage the costs is through freight factoring. Freight factoring helps keep money coming in each week, but it goes beyond that by …

Truckers face challenges every day. Some of them are avoidable, but others are completely unexpected and frustrating. Breakdowns are one of the frustrating ones that often hit without warning. While the risk of some breakdowns can be decreased through regular …

Starting in 2024, the federal government requires most trucking companies to use electronic logging devices (ELDs). These devices record a driver’s hours of service automatically and eliminate the need for manual logs with pen and paper. ELDs record location, hours …

Multi-load trucking can be a profitable field because many trucking company owners avoid it. The competition is lower because some owners feel they lose too much money when drivers have to make more than one stop delivering a shipment.  The …

Both freight factoring and fleet financing are essential financial tools for a trucking company’s owner. Freight factoring involves selling an invoice to a factor at a discount. You pay the agreed-upon fee and benefit from immediate payment. The freight factoring …

How do you manage your invoicing? For most trucking company owners, you have staff who process bills of lading and generate invoices. Those invoices are sent to clients via email, mail, or fax. Now, it’s a waiting game. They have …

Freight factoring provides trucking company owners or independent truck drivers get the cash they’re owed quickly. Traditional billing procedures require the generation of the invoice that’s mailed, emailed, or faxed to the broker or shipper. The terms for payment are …

Whether you’re just starting out or have been in business for a few years, growth often requires financial assistance through products like bank loans or business lines of credit. Either way, they are financial products that come with pros and …

Starting a trucking company requires careful planning and attention to detail. If you miss any steps, it could lead to steep fines or even shut you down. Even if you do everything right, there’s no guarantee you’ll make it. Around …