Non-Recourse Factoring and Entrepreneurial Spirit: Empowering Small Businesses

The American Trucking Association reports that 95.8% of trucking companies have 10 trucks or less. For companies with no more than 100 trucks, the percentage increases to 99.7%. There are more than 750,000 carriers in the U.S., so you can …

A shipper has goods to transport, and it’s a carrier who picks up and delivers those loads. It’s a lot of work to arrange the right size of truck and the driver needed for a load as some shipments are …

As 2023 ends, what are the predictions for the new year? What trends are coming, and what’s going to happen with freight factoring and the trucking industry in 2024? Look back at some of the big issues in 2023 and …

Credit cards are a necessity for any trucking company owner, but they’re also a ticket to debt if you don’t use them wisely. It’s possible to have a Visa card and use it in ways that work to your advantage. …

A trucking company faces numerous problems each year that can impact revenues. First, you have the cost of fuel, increased competition, and truck maintenance costs. Salary and insurance premium increases also add to the issues a trucking company owner faces, …

Freight factoring allows you to get paid as quickly as possible for the work you do. Deliver items for your client, submit the bill of lading to your freight factoring company, and get paid that same day or within a …

Freightwaves released a report in 2022 that raised alarms for small trucking companies The cost of truck repairs increased by as much as 9% by 2022. It became 51% more expensive to run a trucking company in 2022 due to …

What is LTL trucking? LTL stands for less-than-truckload and is a shipping service for smaller amounts of freight. LTL trucking ensures companies with smaller loads still get their items delivered to where they need to go. Sometimes it’s impractical to …

What happens when a broker or shipper fails to pay on time? You’ve delivered a load for a company and it’s been 60 days and still nothing? You have bills and late fees piling up, and workers to pay, but …

When you run a trucking business, a steady flow of money is essential. One late payment can drag you down and make it very hard to pay your drivers or monthly bills. Factoring invoices offers a chance to avoid waiting …