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Learn More About the Benefits of Transportation Factoring to Cover Outstanding Invoices
The transportation network moves products and other goods throughout the world. This system is currently comprised of almost 12 million locomotives, rail cars, trucks, and vessels. The Federal Motor Carrier Safety Administration reported that there are roughly 5.9 million commercial motor vehicle drivers operating within the United States. When commercial transportation companies experience cash-flow issues,…
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What is Freight Factoring? Find a Service for Your Business
If you’ve been working in the transportation industry, you’ve no doubt heard of freight bill factoring, the new kid on the block in small business financing. Traditional invoice factoring services buy your unpaid invoices, allowing you to make up for a cash shortfall. This is especially valuable for trucking and freight companies, where time is…