Blogs
3 Reasons Why Trucking Businesses Factor Their Invoices
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...
What Is Factoring In Trucking?
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....
How To Prevent Falling Victim To Double Brokering
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...
How To Find The Right Freight Brokers For Your Business
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...
Recourse vs Non-Recourse Factoring: Choosing the Right Solution
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...
Discover the Truth: 4 Common Myths About Freight Factoring
Starting and growing a trucking business requires careful financial management. Many owner-operators and fleet owners find factoring to be an essential tool for managing cash flow. But there are some common misunderstandings about freight factoring that might cloud...
Factoring vs Quick Pay: What Is The Difference?
When it comes to maintaining a healthy cash flow for your trucking business, both factoring and quick pay can be valuable solutions. Although these two options may appear to be very similar, they do have key differences. Invoice Factoring is a financial agreement...
Cash Flow Management Tips For Owner-Operators
Running a trucking business offers the freedom and independence you’ve always dreamed of. But in today’s down market, it can feel almost impossible to hold on to those benefits or even stay afloat. Nearly every owner-operator and fleet owner has felt the pressure of...
Understanding the Results of a CSA Score Lookup: What Each Category Means
The Compliance, Safety, Accountability (CSA) score lookup serves as an indispensable resource for comprehensively analyzing and gaining insights into the safety ratings of commercial motor carriers and drivers. Delivering an in-depth evaluation across a diverse range...
Understanding Your CSA Score: What it is and Why it Matters
In the trucking industry, the CSA (Compliance, Safety, Accountability) score is a critical measure employed by the Federal Motor Carrier Safety Administration (FMCSA) to evaluate the safety performance of commercial motor carriers and drivers. CSA scores are based on...
What Is Breakeven Pricing in the Trucking Industry?
In the trucking business, breakeven pricing refers to the minimum rate a company must charge to cover all its operating expenses without incurring a profit or a loss. Trucking companies must understand the truckload breakeven price, which is a critical benchmark that...
Top Benefits of Regular Compliance Reviews for Transportation
Ensuring your transportation business stays compliant and efficient is crucial in today’s rapidly evolving regulatory environment. The Department of Transportation (USDOT) is constantly updating and adding new regulations, making it challenging for businesses to keep...
