Archive by Tag freight factoring

The Impact of Economic Challenges on Trucking Companies

Overview of Economic Challenges  The trucking industry is an indispensable part of the global economy, facilitating the movement of goods across continents. However, this critical sector is exposed to various economic challenges that can disrupt its operations and financial stability. Fluctuating fuel prices represent a...

Navigating New Opportunities: How the Noncompete Ban Benefits Truck Drivers  For truck drivers, the recent nationwide ban on noncompete agreements is a game-changer for the careers of thousands in the trucking industry. This new legislation opens a highway of opportunities, offering us more freedom for drivers to...

Invoice Factoring: Steering Your Trucking Business Towards Stability and Growth 

Navigating Through Economic Turbulence with Invoice Factoring  The Lifeline for Trucking Businesses  In the fast-paced and ever-evolving world of transportation and trucking, cash flow stands as the lifeblood that keeps businesses moving. Amidst a landscape often hit by economic uncertainties, the ability to maintain a...

Case Study: Freight Factoring & Trust Drive Growth

Access to capital and a strong freight factoring partnership helped this trucking company blast through financial hurdles.

Navigating the Convoy Shutdown: Get Paid with Freight Factoring

Carrier Uncertainty After Convoy’s Shutdown The recent shutdown of Convoy, a prominent digital freight network, has created a real sense of uncertainty for carriers looking for compensation for the loads handled through the network.  Carriers, who already face tough financial terms with delayed payment, have another layer of...

The True Cost of Cheap Freight Factoring

Many new owner-operators haven’t had a profitable 2023 so far. See what trucking industry trends caused the shift.