With the advantages of freight bill factoring, there is no reason to be burdened by fuel expenses. Transportation factoring companies help your trucking business cut down on spending with EFS and Comdata fuel cards for trucking companies and owner-operators.
Fuel cards enable trucking companies to enjoy fuel rebates at all major truck stops throughout the United States and Canada.
- Comdata and EFS fuel cards available
- Fuel rebates at most major truck stops nationwide
- Pay for fuel, tolls, tires, oil, scales and much more
- Money transfer capabilities
- ATM cash withdrawals
- 24/7 online account access
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Save Big with Fuel Discounts at Truck Stops Nationwide
Fuel cards for truckers make travel easier and cheaper!
With fuel cards, truckers find savings no matter where they go. Drivers never have to waste time looking for deals when they refuel. Instead, fuel cards for trucking companies provide significant fuel discounts at all major truck stops across the US and Canada, so drivers can quickly fill up and get back on the road.
Fuel card programs give you discounts at the pump. Factoring also offers fuel advance services to fund your fill-up beforehand. Trucking companies who choose factoring are eligible for fuel advances on every factored load. You’ll never have to miss an opportunity to haul due to lack of up-front cash.
Truckers aren’t the only ones lucking out with these benefits — fuel card programs are available for freight brokers, too!
Flexible Freight Factoring Services
Owner-operator? A whole fleet? Whatever the size of your trucking business, transportation factoring companies will increase your cash flow.
Factors know that your trucking company is unique and will make sure to address your specific needs as such. Begin factoring and receive a variety of added benefits that will keep your business on track.
Bad credit? That’s OK. Factors look at the credit of your customers, not your personal financial history. Customer credit checks help you avoid the chance of non-payment and allow you to grow your client base.
Why put your company in debt with a high-interest bank loan? Start freight bill factoring today and stop depending on unreliable customers and expensive banks.
Freight factoring companies provide same day funding so businesses get cash immediately. There are no volume minimums and no long-term contracts. Factor as many loads as you want, and we’ll keep up with you.
Benefits Include:
- Free enrollment
- Apply funds directly to fuel cards for instant funding
- Access online account information
- Fraud prevention
- Set limits on driver spending
- Monitor driver’s accounts online
- Easy cost management
What Should I Know About Fuel Card Fees?
When considering a fuel card, it is crucial to be well-informed about the various fees that may be associated with it. Here are important aspects to understand regarding fuel card fees:
1. Account setup fee: Some providers charge a one-time fee for setting up your account. It’s essential to inquire about this fee before committing to a specific provider.
2. Administrative fee: Certain providers may assess administrative fees per gallon, particularly when you purchase fuel from an out-of-network station. Understanding the conditions under which these fees apply is important.
3. Late fee: If your provider operates on an invoicing system, it is crucial to know the monthly due date for payments and any associated fees for late payments.
4. Monthly or annual card fee: Many fuel card providers charge a monthly fee per vehicle. These fees typically range around $10 per month, so it’s essential to consider this cost when evaluating different cards.
5. Transaction fee: Depending on the type of transaction, fuel card providers may charge a few cents to a few dollars as a transaction fee. Understanding the specific fees associated with different transactions is vital for making an informed decision.
How are fuel card savings calculated?
Fuel card savings are calculated using two main methods: retail-minus and cost-plus. The retail-minus method involves taking the listed cash price of fuel and deducting an additional discount. This means that drivers using a fuel card will pay a price that is lower than the standard retail price, resulting in savings.
On the other hand, the cost-plus method takes into account all the expenses incurred by the fuel station to acquire a gallon of fuel. This includes the cost of the fuel itself, taxes, delivery fees, and a pumping fee. By adding these costs together, the fuel station determines the cost-plus price. When using a fuel card based on the cost-plus method, drivers receive a discounted price that reflects the actual expenses of the fuel station, resulting in savings.
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Click the button to get a free quote or speak to a freight factoring specialist to get funding.
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