Additional Trucking Information
Truck firms confront many of the same risks that other industries face--labor shortages, workers' comp claims, regulation and
competition. But when it comes to insuring and protecting their assets,many companies are apt to carry their own freight, so
to speak.
Because of the freight capacity shortfall, carriers now have
economic leverage over shippers and
have also become selective as to which
shippers will be hauled. Freight rates are up, there are
fuel surcharges, and truckers
are collecting delay charges from shippers who tie up trailers.
Trucking freight firms confront many of the same risks that other industries face--labor shortages, workers' comp claims, regulation and competition. But when it comes to insuring and protecting their assets, many freight factoring companies are apt to carry their own freight, so to speak. Some choose to self-insure,
There are big, big changes ahead as the heavy trucking manufacturing
industry consolidates and downsizes to reflect the realities of the North
American markets
We have no truck factoring minimum dollar
amount for each invoice. You may
factor all of your accounts or you may
choose to factor only a few. In other
words, you can customize your own account!
100 YEARS
COMBINED EXPERIENCE
With over 100 years combined
experience in factoring for
trucking industry.Our knowledge
and experience enables us to
have a working understanding of
the unique demands
you face each day.
NO ANNUAL TERM TRUCK FACTORING CONTRACT REQUIRED
Other trucking factoring companies require you to sign a restrictive contract that ranges from 6 months to 1 year or longer.
And they require you factor with them during that entire time.
Six To Twelve Months in the trucking world can be very volatile.
The danger with a
long-term freight factoring contract is that you pay a "stiff fee" to keep or
escape it.
You will still have to
pay the full rate and fees if you experience
a decrease in the number of trucks that you are running.
that even in the face of increasing freight levels, truckload carriers have not been expanding their capacity but rather, for the first time in many years, are Focusing on a strategy on return on investment vs. the 20% growth strategy of the '90s that led to the tremendous overcapacity for carriers in 2001-2003. What they're buying is mostly for equipment replacements.
LOWEST TRUCK FACTORING FOR TRUCKING RATES
Factoring trucking leader;
We have the lowest truck freight factoring
rates in the industry
Fast and Easy Setup, Set up your
account in 3 to 5 working days
Freight factoring
account receivable factoring
Invoice factoring