Freight Factoring in 2024: Staying Updated Entering the New Year

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, …

Freight factoring allows you to get paid as quickly as possible for the work you do. Deliver items for your client, submit the bill of lading to your freight factoring company, and get paid that same day or within a …

Freightwaves released a report in 2022 that raised alarms for small trucking companies The cost of truck repairs increased by as much as 9% by 2022. It became 51% more expensive to run a trucking company in 2022 due to …

What is LTL trucking? LTL stands for less-than-truckload and is a shipping service for smaller amounts of freight. LTL trucking ensures companies with smaller loads still get their items delivered to where they need to go. Sometimes it’s impractical to …

What happens when a broker or shipper fails to pay on time? You’ve delivered a load for a company and it’s been 60 days and still nothing? You have bills and late fees piling up, and workers to pay, but …

When you run a trucking business, a steady flow of money is essential. One late payment can drag you down and make it very hard to pay your drivers or monthly bills. Factoring invoices offers a chance to avoid waiting …

In April 2023, more than 750,000 U.S. motor carriers with at least one truck were in operation. By the end of 2022, the nation had 8.4 million people employed in trucking jobs. It’s a lot, and 95.8% of those trucking …

Freight factoring is a service where the money you’re owed by a client is advanced to you by a factoring company. You get paid now instead of weeks or months later, but you pay a small fee for that cash …