There are many factors that contribute to the factoring rate a company offers you. One of the most significant benefits of factoring for many carriers is that they consider the creditworthiness of ...

To determine if a factoring company is the right fit for your trucking company, let’s take a look back at how the trucking industry has evolved. If you’ve been around the transportation and trucking ...

Invoice factoring is a financial solution that allows businesses to sell outstanding invoices to a factoring company for immediate payment rather than waiting for their customers to pay those invoices ...

United States, 8th Aug 2024 - In the trucking industry, one of the biggest challenges is managing cash flow. Late customer payments can put a lot of strain on finances, making it hard for businesses ...

Cash flow is the lifeblood of any business, especially motor carriers who must cover their fuel, payroll and other operating expenses long before shippers and brokers pay freight bills. “If you don’t ...

If you’re a client of factoring service OTR Capital, there’s a going to be a new avenue toward the freight universe available from brokers participating in Trucker Tools‘ load matching engines. The ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. A steady economy drives the trucking industry with ...

This story appears in the Aug. 29 print edition of Transport Topics. Competition is intensifying in the factoring sector as freight markets shift, said a number of executives whose businesses offer ...

Pilot Company (the parent of Pilot and Flying J truck stops) and RTS Financial announced a fuel and factoring partnership for trucking fleets. The two companies will will work together to provide ...

A trucking financial services company in metro Detroit is seeing rapid growth and anticipates doubling its revenue this year compared with before the COVID-19 pandemic. Livonia-based RoadEx was ...