Author Archives: Brendan Egan

Financing for Small Fleets: Why Freight Factoring Is a Must

Between January and April of 2023, more than 31,000 fleets quit the business. Of those, 24,806 were one-truck owner-operator trucking companies. While the market soared not too long ago, spot rates are down almost 70 cents per mile in certain … Continue reading

Posted in Independent Trucking Tips | Leave a comment

Freight Factoring for Small Businesses: What to Look For in a Partnership

Already in 2024, a Fort Worth transportation and logistics provider announced plans to shut down a distribution center and lay off more than 150 workers. A Tennessee logistics provider announced it was closing and laying off more than 50 workers. … Continue reading

Posted in Independent Trucking Tips | Leave a comment

Freight Factoring for Large Fleets – Maximizing Your Business’ Potential

In the busy trucking industry, large fleets need a lot of fuel to run their engines, but the business also needs to be fueled by revenue. Waiting weeks or months for your invoices to get paid is damaging to any … Continue reading

Posted in Independent Trucking Tips | Leave a comment

Choosing the Best Freight Factoring Company – Factors to Consider

It’s time to come up with a better way to keep money flowing. That’s one of the many difficulties a trucking company owner faces each month. You deliver loads on time, but you need new customers to grow your business. … Continue reading

Posted in Independent Trucking Tips | Leave a comment

Freight Factoring Versus Line of Credit – What’s the Difference?

Most people understand the basics of a line of credit. But, what do you know about a handy alternative known as freight factoring? You might find it to be a new concept, but it’s been around for decades. It’s often … Continue reading

Posted in Independent Trucking Tips | Leave a comment