Freight Factoring Archives

Freight Factoring as Full-Service Outsourcing

July 30, 2020July 30, 2020 by quicktsi

We’ve talked about it plenty of times before: Freight factoring. Still, not enough fleets are taking advantage of this underutilized resource. Let’s have a quick primer on what factoring is. Traditionally, a shipper makes a shipment or delivery and sends an invoice to the fleet. The shipper has the option to pay for the goods … Read moreFreight Factoring as Full-Service Outsourcing

Freight Factoring Evolves with the Times

August 11, 2019August 11, 2019 by quicktsi

Motor carriers and brokers are increasingly utilizing a low-cost option to ensure they receive quick freight payments. The fact is, waiting 30 days or longer to receive payment on a freight transaction is often an unacceptable option for companies operating in the transportation sector. As a result, companies are increasingly looking into factoring services as … Read moreFreight Factoring Evolves with the Times

Freight Factoring: Advantages And Mistakes For Trucking Companies

January 22, 2019January 22, 2019 by quicktsi

The fact is, freight factoring can stimulate growth and maximize cash flow for trucking companies. Owners of trucking companies both large and small will tell you that it can be very easy to find themselves in a cash flow crunch. While there are many causes for this, the most common is working with customers who … Read moreFreight Factoring: Advantages And Mistakes For Trucking Companies

Freight Factoring In The 21st Century

June 26, 2018 by quicktsi

As the years go by, the way businesses must operate to be successful has grown increasingly complex. Working in the trucking industry requires a deft hand in these modern days. The economy is no longer a reliable barometer of business success considering how much it fluctuates in any given year. When you combine market volatility … Read moreFreight Factoring In The 21st Century

What Should You Expect When Deciding On A Freight Factoring Solution

June 6, 2018 by quicktsi

First, the common question: What is factoring? Factoring is financial transaction is a type of debtor finance where a business sells invoices, or accounts receivables, to a third party. This third party is called the “factoring” company. Businesses choose to factor their invoices to free up cash they are wait for a shipper to pay … Read moreWhat Should You Expect When Deciding On A Freight Factoring Solution

What You Need To Know About Freight Factoring

April 27, 2018 by quicktsi

Freight factoring, also known as “trucking factoring,” represents a form of invoicing and paying for freight that provides trucking companies with a way to turn invoices that have not yet been paid into profit for the company. This also works for the owner-operator model. Freight factoring represents a common way for motor carriers or trucking … Read moreWhat You Need To Know About Freight Factoring

Freight Factoring Is About More Than Cash Flow

February 7, 2017May 12, 2015 by quicktsi

Fleet managers and owner-operators who haven’t been looking into the benefits of freight factoring may be missing out. New ways of leveraging this financial instrument to boost operational efficiency are emerging. Freight factoring is loosely defined as money advanced on accounts receivables by a third party, usually for a fee. Because it’s harder for small … Read moreFreight Factoring Is About More Than Cash Flow

How Freight Factoring Could Work for You?

February 7, 2017January 21, 2015 by quicktsi

We all know what freight is, but it’s when factoring is added that it gets a little complicated. The word “factor” is both a noun and a verb. In this sense the word should be taken at its definition as a noun, which is the business of purchasing and collecting accounts receivable or of advancing … Read moreHow Freight Factoring Could Work for You?

Best Inquiries on Freight Factoring: Getting to Know Your Best Options

February 7, 2017November 3, 2014 by quicktsi

Ready for some myth debunking about the logistics industry? Sure, it’s a gargantuan multibillion-dollar multi-corporate enterprise complete with the veins and arteries rivaling that of the human body, what with the vendors, semis, stations and bills of lading long enough to choke the heavens and suffocate the fiery pit of Hades. It’s exhausting, and many … Read moreBest Inquiries on Freight Factoring: Getting to Know Your Best Options

How to Choose the Right Freight Factoring Company?

February 7, 2017February 26, 2014 by quicktsi

The trucking company owners out there know that keeping the finances of the business steady can be really hard task when working with various clients who often postpone or miss payments. On the other hand, consistent cash flow is really important because of the serious costs related to providing truck services. While the company is … Read moreHow to Choose the Right Freight Factoring Company?

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