So, you’re thinking about starting a trucking business, but perhaps you aren’t sure how to truly succeed at it. A career as a trucker is both potentially lucrative and rewarding. But at the same time it is incredibly competitive. To be frank, many truckers try to break into the business every year and do not … Read moreHow To Make Sure Your Trucking Business Is A Success
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
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?
The fleet of today is nothing like the fleet of yesterday, and the fleet of tomorrow will be even more unrecognizable. Technology is changing the face of transportation in ways that haven’t been easily predicted. As electronic logging devices, cameras, GPS units, and computing devices of all sorts invade the cab, carriers and drivers have … Read moreHow Technology is changing the Face of Trucking?
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
The down economy is hurting almost every business in the United States and trucking companies are particularly affected because of high fuel and insurance prices. Freight factoring is one of the ways that trucking companies solve the problem of not having a consistent cash flow. What is Factoring? A factoring company is a financial business … Read morePros and Cons of Freight Factoring for Trucking Companies