Fleet managers who haven’t given much thought lately to freight factoring may be missing out on new ways that have emerged to leverage this financial instrument to boost operational efficiency. Mike ...
For freight and transportation companies, steady revenue streams are vital. Particularly for carriers with fleets of equipment and full-time employees, operating expenses are never-ending and can ...
Love’s Travel Stops has made its single biggest acquisition in the factoring business by scooping up three companies in a deal that closed Friday.
Freight factoring is on the upswing this year as traditional banks apply stringent lending standards and truckers who are most likely to sell invoices benefit from a robust spot market, industry ...
It helps boost cash flow, but carriers need to do their homework before fully jumping into a freight factoring arrangement. Many trucking companies – especially small to medium-sized carriers – use ...
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 ...
Freight factoring has become a significant financial tool for businesses, yet opinions on its efficacy vary widely. Known as accounts receivable (A/R) financing, factoring involves trading invoices ...
Cash flow can make or break a trucking business. Freight factoring has emerged as a financial lifeline for carriers of all sizes, offering a way to turn invoices into immediate working capital. By ...
Express Freight Finance, an independent factoring company specializing in transportation clients, has recently launched its freight-bill factoring services for truck fleets, owner-operators, and ...
Capital, a tech-enabled specialty finance provider serving small and midsize businesses across North America and the United Kingdom, has delivered ...
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