Freight Factoring

• Trucking Industry Still Struggling -
The Federal Reserve recently reported that trucking activity was still sluggish in many areas of the United States. Although economists are hopeful the economy has hit bottom and are pointing to economic indicators to confirm their hope, the trucking industry is still waiting for improved economic activity to help their businesses. According to the Fed’s Beige Book, the [...]


• Back On The Road 2010 -
Although I advocate the benefits of freight bill factoring as a way for trucking companies to finance their business and survive the tough economic times, I recently discovered another way of ensuring your survival in the trucking industry – be the recipient of a free truck and other support services. Arrow Truck Sales sponsors a program, along [...]


• Financing Your Trucking Company Through Factoring -
Whether you’re a 30 year veteran of the road or an up-start trucking company, you’ve come to realize that one thing you need to keep your business from going off track is cash in hand.  There are a handful of industries – trucking, construction, manufacturing, cleaning or maintenance – where you live and die by [...]


• Does the Trucking Industry Have Too Much Capacity? -
The fact that the supply in the trucking industry has outweighed the demand for shippers and cargo has been “an accident waiting to happen”, to borrow a phrase, and the recent downturn in the economy is the symbolic banana peel in the footpath.  When any industry becomes top-heavy, as the trucking industry has over the past [...]


• Freight Bill Factoring For Trucking Companies -
Running a business is a tricky balancing act, but none so much so as running a trucking company.  Keeping all the balls in the air and all the trucks on the road means having a cushion of cash to fall back on when it comes time to pay for fuel, insurance, equipment loans, drivers, and repairs [...]


• The Impact of Swine Flu on the Trucking Industry -
There are three areas where the swine flu and the repercussions of that type of pandemic flu could potentially hit the trucking industry the hardest.  The main areas are focused on livelihood, personal health and political relations.  For starters, the business side of the issue ranges from delays in shipment due to health checks and [...]


• FirstLine Funding: One of South Dakota’s Newest Invoice Factoring Companies -
South Dakota banking is evolving to meet the challenges of the financial times with the opening of the first in-house factoring division within the state.  FirstLine Funding Group in Madison, SD is a new commercial finance division of First Bank & Trust which specializes in freight bill factoring for trucking companies and businesses associated with [...]


• Trucking Activity Index Slumps -
It was a poor showing for the trucking industry the first half of 2009 as the tonnage index faltered with back-to-back monthly decreases in February and March.  The numbers reported by the American Trucking Association (ATA) said the year started on the upside but by March had quickly hit the biggest slump since things bottomed [...]


• Invoice Factoring in a Down Economy -
With many trucking companies feeling the cash flow squeeze in these tough economic conditions, large numbers of trucking companies are turning to invoice factoring, or freight bill factoring, as a way to improve their cash flow. Invoice factoring has many advantages over traditional bank financing, and I will discuss just a few of these advantages [...]


• Why Trucking Companies Should Consider Factoring Their Freight Bills -
An easy analogy to understand freight bill factoring is a physician hiring a billing agency to handle the financial end of collection from patients and insurance companies.  It’s a mutually beneficial relationship because the doctor can concentrate on patients not the ticky-tacky headaches of billing, and still know he’ll receive a paycheck, and the financial [...]

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