Freight factoring has become a significant financial tool for businesses, yet opinions on its efficacy vary widely. Known as accounts receivable (A/R) financing, factoring involves trading invoices ...
[Stay on top of transportation news: Get TTNews in your inbox.] Freight factoring is on the upswing this year as traditional banks apply stringent lending standards and truckers who are most likely to ...
There are many factors that contribute to the factoring rate a company offers you. One of the most significant benefits of factoring for many carriers is that they consider the creditworthiness of ...
Cash flow can make or break a trucking business. Freight factoring has emerged as a financial lifeline for carriers of all sizes, offering a way to turn invoices into immediate working capital. By ...
Extended payment terms are squeezing carrier cash flow. Here are some practical ways fleets can stay liquid without ...
Bibby Transportation Finance is turning to automation and artificial intelligence to speed up the process to pay truck drivers and fleets who factor their invoices to get cash up front. The freight ...
Invoice factoring is a financial solution that allows businesses to sell outstanding invoices to a factoring company for immediate payment rather than waiting for their customers to pay those invoices ...
DAT Freight & Analytics is partnering with OTR Capital to expand factoring services available to freight brokers and carriers through DAT’s load board network. OTR Capital provides fast, reliable ...
Equipped with sophisticated back-ends, larger conglomerates are often outcompeting small freight brokers, but Axle Payments wants to change this by empowering over 10,000 freight brokers currently ...
Catamount Funding explores Invoice Factoring Texas emphasizing its importance for startups and the benefits of Houston transportation factoring. HOUSTON, TX, UNITED ...
eCapital's appeal lies in offering companies quick access to capital without needing a long process of credit approval. It simplifies funding for businesses by enabling them to use invoices and assets ...
Blockchain freight settlement provides fast liquidity and eliminates expensive freight factoring intermediaries. Imagine waiting months to receive your paycheck. Or worse, imagine spending hundreds or ...