The Future of Freight Payments: How Digital Factoring Is Changing the Industry

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 …

Experts report that a large percentage of trucking companies fail due to poor cash flow. If you’re trying to get by from one payment to the next, it’s impossible to cover emergency expenses. When you have no money and bills …

Tax filing season is coming up fast. As an owner-operator, it’s time to get ready for annual business taxes, and you want to make sure you limit your tax burden as much as possible. We have five tips to help …

Government contracts are key to stable revenues In the trucking industry. It gives your business the financial stability needed to keep going in the lean times. Landing these contracts takes time and expertise that some smaller companies lack. Did you …

In just the first six months of 2024, around 10,000 motor carriers shuttered their businesses. The nation is down almost 33,000 carriers since 2022, and a lot of these closures have happened in southern states. In November alone, more than …