How the End of the 2020 Trucking Act Could Change Freight Factoring for Owner-Operators

Back in 2020, several trucking acts passed, and some have been revoked or amended. The U.S. Department of Labor’s Employee or Independent Contractor Classification rule was scheduled to become effective on March 11, 2024. A final rule was issued requiring …

Last October marked the nation’s first Freight Fraud Awareness Day. Lawmakers are also working hard to prevent trucking company owners and drivers from being victims of fraud. We hope that the Household Goods Shipping Consumer Protection Act passes this year, …

The Federal Motor Carrier Safety Administration developed the Drug & Alcohol Clearinghouse to provide employers and other officials with real-time information regarding a person’s information regarding violations involving impaired driving or failure to complete DOT programs after a violation.  It’s …

It’s been rough for two years, and hopes are that 2025 will bring much-needed life to the freight industry. For some freight brokers, it’s a little too late. Over 3,100 freight brokerages shut down in 2024, and that’s on top …

Factoring is a service that’s been around for thousands of years. It goes back to the Code of Hammurabi in Ancient Babylonia where merchants used an agent to manage their trade finances. Factoring has come a long way over the …

Did you know that freight factoring can keep you from crippling debt? We recently found three statistics that every business owner should know. 75% of small businesses receive payments an average of eight days past the due date, and services …

The driver shortage impacting the trucking industry is expected to continue in 2025. According to the U.S. Bureau of Labor Statistics, there were more than 240,000 heavy and tractor-trailer driving jobs in 2023. The need increases by an average of …

A strong cash flow helps many trucking company owners navigate industry turbulence. While your competitors may fail due to late payments and unexpected expenses, you don’t have to. Freight factoring is a useful business tool for staying solvent, even in …

Let our team at Saint John Capital be the first to wish you a happy New Year! Now is a good time to reflect on your past year’s business successes and hiccups. It’s also a great time to prepare your …

The winter slump occurs each year as holiday shipments end and a lull hits before the spring planting season begins. With this seasonal slowdown, spot rates often fall, too. Getting through winter freight slowdowns is difficult, but there are ways …