Freight Factoring and Government Contracts: Navigating Bureaucratic Processes

Trucking service providers often sign up to haul FEMA loads due to the higher pay rates. Before you enter into a government contract, make very sure you read the rules. FEMA’s Tender of Service Program is managed by a third-party …

As a business owner, you’re weighing your options. You struggle to get bills paid on time, and it’s getting worse as brokers and shippers take too long to pay. Your best clients want to pay all invoices at once, on …

Factoring comes with options. There’s recourse, which means you’re repaying a cash advance if your client doesn’t pay an invoice. Non-recourse takes some of the pressure off by covering you in certain situations, such as a broker or shipper’s bankruptcy. …

When a trucking company owns several trucks to transport goods within a state, between states, or across the country, that company has a large fleet. The fleet might be a mix of vans, cabs with trailers, or box trucks. It …

For the past couple of years, people have watched interest rates climb and keep climbing as the Fed continued to increase the Federal Funds rate. Rates went from being near zero for many years and increased 11 times in 2023 …

The American Trucking Association reports that 95.8% of trucking companies have 10 trucks or less. For companies with no more than 100 trucks, the percentage increases to 99.7%. There are more than 750,000 carriers in the U.S., so you can …

A shipper has goods to transport, and it’s a carrier who picks up and delivers those loads. It’s a lot of work to arrange the right size of truck and the driver needed for a load as some shipments are …

As 2023 ends, what are the predictions for the new year? What trends are coming, and what’s going to happen with freight factoring and the trucking industry in 2024? Look back at some of the big issues in 2023 and …

Credit cards are a necessity for any trucking company owner, but they’re also a ticket to debt if you don’t use them wisely. It’s possible to have a Visa card and use it in ways that work to your advantage. …

A trucking company faces numerous problems each year that can impact revenues. First, you have the cost of fuel, increased competition, and truck maintenance costs. Salary and insurance premium increases also add to the issues a trucking company owner faces, …