The Impact of Market Trends on Freight Factoring: Adapting to Change

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 …

As a trucking company owner, what are your goals for the long term? The facts are that 90% of fleets with six trucks or less fail to thrive and end up closing their doors for good. Lack of experience plays …

A cash advance is a short-term loan that allows you to borrow funds at a higher interest rate. Generally, people think of a cash advance as funds borrowed against a credit card, but payday loans are also a cash advance, …

In late July of 2024, average interest rates for business credit cards reached 29.07% according to Forbes. Using a card right now is a bad way to cover business emergencies. It’s expensive. A business line of credit offers far lower …

Every business has its slow periods, but in the trucking industry, they’re complicated by clients who may not pay as quickly as you need them to. Sometimes, brokers and shippers take months to pay what they owe you, making it …

Summer’s trucking industry picks up in April when produce is ready for transportation. It goes strong through July, for both produce and also the construction supplies that are in high demand during prime construction season. In August, all of the …

If you go back to a year ago, predictions were that the federal rate cuts would start in early 2024 and that a total of three rate cuts would take place. It hasn’t happened. Inflation remains high, so rates haven’t …

Fuel costs keep fluctuating and it’s hard to know what you’ll be paying at the pump from one week to the next. Prices also vary greatly between one region and another. For example, on July 1st, drivers in New England …

Did you know that 99.7% of the carriers in the U.S. have 11 to 100 trucks? There are more than 750,000 carriers in the U.S., so there’s a lot of competition trying to get business. This competition can seem brutal, …