Archivo del autor: Brendan Egan

Freight factoring is a beneficial service provided to owners and owners/operators in the trucking industry. The goal is to ensure companies get paid as quickly as possible for the loads they haul. Instead of waiting one, two, or three months, … Seguir leyendo →

One of the easiest ways for trucking companies to keep a constant cash flow is through a freight factoring partnership. Freight factoring is a financial service where you sell your bills of lading at a discount to a financial partner. … Seguir leyendo →

One of the biggest hassles in the trucking industry are slow payment cycles. When you’re driving loads for a broker or shipper, you need to keep up with fuel bills, truck maintenance, driver wages, and your office rent or building … Seguir leyendo →

Any business needs a strong cash flow to survive and thrive. But, it’s hard when clients pay invoices late. If you’re sending invoices the first week of the month and not getting paid for 60 or 90 days, it’s tough … Seguir leyendo →

The global economy relies heavily on the movement of freight from manufacturers to warehouses, warehouses to trailers or shipping containers, and then to the stores or packaging companies that sell and ship merchandise to consumers. Without trucking companies, the world’s … Seguir leyendo →

The first quarter is over, and the transportation industry took a bit of a proverbial beating. One of the most recent closures was a California-based family-owned company that had been in business for 70 years. Boateng Logistics, Convoy, J.J. & … Seguir leyendo →

When your goal is fast payments, freight factoring and invoice factoring are both solid choices. With either of them, you complete the job, the factor pays you that same day or within a couple of days, and they chase down … Seguir leyendo →

How long does it take before you get paid? If you’re waiting 30, 60, or even 90 days, how easily can you keep up with your expenses like truck loans, utilities, and rent? When a client pays even a few … Seguir leyendo →

It seems that every week, another broker or shipper files for bankruptcy. As a trucking company owner, it’s alarming when you’re doing the work and aren’t sure your client will still be in business at the end of the month. … Seguir leyendo →

A Texas trucking logistics company filed bankruptcy in January listing up to $500 million in debt and only $500,000 in assets. The news followed that a California company with up to $10 million in assets also filed for bankruptcy. The … Seguir leyendo →