Factoring is a form of financing that allows you to finance your slow-paying invoices. It improves your company’s financial position, providing the funds it needs to operate and grow. Learn more by reading “What is freight bill factoring?“ This article highlights the advantages of freight bill factoring. It helps you determine if it is the […]
Transportation
How to Make a Successful Trucking Company: 8 Steps
The trucking business can be very profitable, but the Canadian market is incredibly competitive. Many truckers try to get into the business every year and end up failing. This outcome usually happens to people who are great truckers but are not good business owners. Knowing how to run and grow your trucking business takes more […]
Quick Pays vs. Factoring? Which One Works Better?
When it comes to dealing with slow-paying shippers, trucking carriers have two options: quick pays and factoring. This article helps you understand both options and covers the best strategy for using them. We discuss: 1. Slow cash flow is a problem Slow cash flow is one of the biggest problems for trucking carriers, especially new […]
Freight Factoring Financing for Québec Transportation Companies
Factoring is a financing solution commonly used by carriers and brokers that need financing. It helps improve the company’s cash flow by financing slow-paying invoices. The solution provides the company with funds to operate the business more effectively. This article explains how factoring works and addresses some specific details about the due diligence for carriers […]
Factoring Financing for Small Freight Carriers
Most small Canadian freight carriers don’t have adequate cash reserves. This situation is common for small businesses. Unfortunately, this lack of a reserve leaves them vulnerable to cash flow problems. Managing these cash flow problems is difficult because smaller trucking companies usually don’t have easy access to bank financing. This article discusses how small carriers […]
How to Finance an Oilfield Transportation Company
Invoice factoring is a popular solution used by oilfield transportation companies with working capital issues due to slow-paying invoices. This article discusses how factoring works and helps you determine if it’s the right solution for your company. We cover: 1. Slow cash flow is a problem Oilfield transportation companies can be very profitable but are […]
Will Using Fuel Advances Help My Small Trucking Fleet?
Summary: Fuel advances have been gaining popularity among owner-operators and small fleet owners in recent years. They can be a useful resource for carriers that are just starting out or growing quickly. However, fuel advances also have drawbacks and can be an expensive solution. Carriers should use them carefully. This article explains how fuel advances […]