by Vikas Raghuvanshi | Feb 19, 2025 | Factoring
The average days outstanding for a trucking invoice is over 36 days. While most LTL and TL loads are paid within a 30-day period, some are paid in 90+ days. Brokers, fleet owners and owner operators need consistent cash flow to: Pay drivers Pay for gas Take advantage...
by Vikas Raghuvanshi | Feb 19, 2025 | Factoring
Factoring is a financial process in which a business sells its accounts receivable (invoices) to a third party (factoring company) at a discount. This allows the business to receive cash upfront for their outstanding invoices, rather than waiting for customers to pay....
by Vikas Raghuvanshi | Feb 19, 2025 | Factoring, Insights
Spam is becoming more common in today’s transportation industry. While there are several types of spam, double brokering has become increasingly popular, especially within the past year. What Is Double Brokering? Double brokering is when a fraudulent carrier or...
by Vikas Raghuvanshi | Feb 19, 2025 | Factoring
Freight brokers are an essential part of running a smooth operation. They save you time and money by looking for available business opportunities and help you build relationships with new customers. But you will only experience these benefits if you partner with the...
by Vikas Raghuvanshi | Feb 19, 2025 | Factoring
Freight factoring has become an essential tool for businesses to survive in today’s market conditions. There are two types of factoring solutions – recourse and non-recourse factoring. While both solutions offer financial support for your business, they do have key...
