Protecting Our Clients Through Credit Checks With SJC

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 …

In April 2023, more than 750,000 U.S. motor carriers with at least one truck were in operation. By the end of 2022, the nation had 8.4 million people employed in trucking jobs. It’s a lot, and 95.8% of those trucking …

Freight factoring is a service where the money you’re owed by a client is advanced to you by a factoring company. You get paid now instead of weeks or months later, but you pay a small fee for that cash …

Business owners in the trucking industry experience so much. Overcoming cash flow gaps is one of the things you’ll experience throughout the year, especially as there are peaks and slowdowns with work. Generally, spring crops kick off the busy season, …

Choosing the best freight factoring company is an important decision. It’s also one that’s hampered by several factors, including the size of your fleet. Some companies favor large trucking companies as they have a larger number of invoices. Fees are …

Think of invoice factoring as a cash advance on your pay. You’ve delivered goods for a broker, shipper, or similar client. They have to pay you for the safe transportation, so you invoice them and wait. Sometimes, waiting weeks or …

We’ve hit T-125 days and counting down before Christmas arrives. It’s now the peak time for trucking companies to have an abundance of work. Drivers need to make sure merchandise arrives at stores on time. Fall harvests are soon to …

In a freight factoring agreement, you get same-day payments or payments that arrive within a day or two by selling your invoices. It’s essentially a cash advance that occurs by permitting a factoring company to buy your accounts receivable in …

August to October are peak months in the trucking industry. It’s when back-to-school and holiday merchandise is being transported to stores and warehouses. January through March are much quieter before spring crops trigger the start of the busier time of …