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Factoring vs. Merchant Cash Advance: Which Is Safer for Trucking Businesses?
If you operate a trucking company, then you are familiar with the many challenges associated with its finances, such as delayed payments or inconsistent cash flow. With that being said, there are options to solve these problems, such as a … Continue reading
How FMCSA’s New Hours of Service Requirements Could Impact Your Trucking Business
The FMCSA, or the Federal Motor Carrier Safety Administration, plays a huge role in regulating trucking operations. It helps to develop and reinforce regulations, educates the public, and it also promotes safety throughout the trucking industry. Specifically, when we look … Continue reading
How Freight Factoring Can Shield You from the Impacts of the De Minimis Change
De minimis is something that has been used and talked about throughout freight and trade for years now, but there is a change that’s coming which could affect all operations. De minimis is referred to as a threshold for shipments … Continue reading
What You Need to Know About Factoring During a Payment Dispute
Freight Factoring is a great option for trucking companies that are looking for a better way to get their money fast, without the need to wait for invoices to be paid. Typically, it includes selling the invoice to the factoring … Continue reading
Understanding Fuel Card Security Features: Protecting Your Business from Fraud
Fuel costs are one of the biggest expenses when it comes to fleet management, which makes it one of the first places that you might want to cut down on or manage spending. Many fleet lines do this by using … Continue reading
Accounts Receivable Factoring vs. Invoice Financing: What’s the Difference?
As a fleet operator, there are many different finance and income challenges that you can find yourself facing. In retrospect, there are two different options you can go for to get support in this area: accounts receivable factoring or invoice … Continue reading
Scaling From One Truck to a Five-Unit Fleet: Factoring Tactics at Each Stage
Growing your fleet is an amazing accomplishment, but it can be difficult to make the moves to actually grow your fleet from one truck to a five-unit fleet. There are many different challenges that can come when you look to … Continue reading
Renewing Your DOT & MC Numbers Without the Paperwork Headache
Your DOT and MC numbers are crucial for legal and safety reasons when it comes to trucking. There is often confusion between the two of them and the renewal process that comes with it. Both of these are important and … Continue reading
The Rise of Autonomous Trucks: Implications for Freight Factoring Services
Autonomous trucks are being introduced in the freight industry, and it is changing the way some things work. One thing that is changing is freight factoring services and how they work within the freight industry. Autonomous trucking is helping with … Continue reading
The Impact of E-Commerce Growth on Freight Demand and Factoring Needs
E-commerce is continuing to surge, and as a result, the freight demand is experiencing a sharp rise. Retailers online are becoming a huge piece of where people are buying from, which leads to the freight business getting a huge spike … Continue reading