How Truckers Can Use Freight Factoring to Handle Unexpected Breakdown Costs

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 …

Freight factoring is an essential service for trucking company owners. Instead of traditional billing processes where you send an invoice, wait a month or two for the client to pay you, and float bills and business expenses as best you …

Seasonal fluctuations wreak havoc on a trucking company’s budget. In the fall, money is rolling in with the influx of brokers and shippers needing seasonal foods and holiday items delivered in a timely manner. Come January, everything slows down. Work …