This article provides practical steps to fine-tune your freight factoring agreements. Learn how to compare, negotiate, and lock in the best rates and terms that will positively influence your bottom line and foster cash flow agility. Key Takeaways Understanding Invoice Factoring Long gone are the days when businesses had to wait for customers to settle … Read More
Navigating the financial side of freight brokerage can be challenging, but with freight broker factoring 101 a beginners guide to understanding the process, you’ll have a primer on converting invoices into immediate cash flow. Simple, direct, and without fluff, this guide addresses your need to manage finances efficiently in an industry where payments are often … Read More
When your freight brokerage business is stalled by unpaid invoices, factoring is your key to momentum. Gain immediate cash flow and fuel your business’s growth with this strategic financial move. This guide will detail how factoring can fuel your freight broker business, explaining how factoring works, the advantages it offers, and the considerations for implementing … Read More
Are the new California disclosure laws making financing options hard to come by for your company? Read this post to learn more. California lawmakers have imposed new laws on open disclosures for financing companies and they are, unfortunately, harming the factoring industry. Some factoring companies have decided to stop doing business in California to avoid … Read More
Most trucking companies would do anything to save on fuel. It is foolish to relay on diesel prices because they are always subject to change, making managing the expenses of a trucking company difficult. Luckily, fuel prices have been on the decline since they surged to historically high prices during the summer of 2022. Anyone … Read More
While gas prices rise around the U.S, it’s never been more important for trucking companies to cut down fuel expenses. Truckers can significantly decrease their fuel costs by taking simple measures to increase the efficiency of their fleet. We’re sharing with you 7 ways truckers can save big on fuel costs. (If you’re looking to … Read More
The trucking industry, an essential backbone of modern economies, has been confronting a growing truck driver shortage for over 15 years. With a deficit of approximately 80,000 drivers in the US and 25,000 in Canada, this crisis has the potential to impact entire supply chains, causing disruptions in food, medical supplies, and beyond. But what … Read More
Fuel discounts at nationwide gas stations can lower fuel expenses and increase profit margins for fleet managers across the country. As with any decision, gaining a complete understanding of a possible change with your business is absolutely necessary. Use this guide to help you understand fuel advances, how to get them, the pros and cons … Read More
Fuel cards are used by trucking companies all over the country regardless of the size of their fleet. These handy cards are a trucker’s key to saving money at the pump no matter where the road takes them. But, with all the fuel card options out there, it’s hard to know which card offers the … Read More
As more auto manufacturers announce their transition to electric vehicles, it feels like the era of combustion engines is coming to an end. The battery powered future of the automobile is deeply rooted in the past. In fact, around a third of all cars in the early 1900’s were electric. Battery limitations of the time … Read More
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