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For trucking companies, especially small owner-operators, cash flow can often be a challenge. One of the solutions many turn to is factoring—selling t...

In an uncertain economy, the trucking industry remains the one sector that is thriving and poised for growth. This should come as no surprise, because...

Rates are on a rise for a number of trucking categories, but relationships with brokers remain strained. Over the past few years, small fleets and own...

Freight bill factoring is a popular financing option for trucking companies, providing them with the funds they need to cover their operational costs ...

Invoice factoring, a financial solution less commonly known than traditional debt-based loans, provides a multitude of advantages for businesses, part...

Fuel advances are a lifeline for truck drivers, especially when unexpected expenses arise on the road. They help ensure that drivers can keep moving, ...

In a jarring report released last month, over 3,000 trucking companies filed for bankruptcy in 2020. To put that number in perspective, in 2019 when t...

Factoring has been around for a long time – going back to ancient Mesopotamia. Commerce and financing have both gotten much more complex over the year...

With the announcement of COVID-19 vaccines, many people are eager to get “back to normal.” Businesses, on the other hand, have had to make several adj...

In the second half of 2020, carriers gained more leverage in negotiating spot rates. In fact, spot loads increased by over 69% YoY, indicating an extr...

As analysts sift through 2020, the big takeaway is that jobs were in a decline in December. However, as small businesses were impacted by the pandemic...

The second round of the Paycheck Protection Program (PPP) loan has rolled out and many carriers who meet the qualifications can apply to obtain fundin...

The past few years have been turbulent for the trucking industry. Yet despite everything, trucking startups and small to mid-sized fleets performed ve...

Factoring services are used by businesses across every industry to enhance cash flow, smooth uneven revenue periods, build up capital, and reduce the ...

The pandemic has impacted all parts of the economy, and the trucking industry is no exception. Truck drivers have now seen an increase in wages. The u...

Fuel represents the largest vehicle-based operating expense for trucking companies. On average, carriers spend around $50,000 to $70,000 per year on f...

Now that 2021 is here, the trucking industry is kicking off the new year with a very positive view of the look ahead. The forecast is not fireworks an...

With the announcement of the rollout of COVID-19 vaccines in December, refrigerated trucks were conscripted as part of the Defense Department’s plan t...

Debt financing, once the only way for businesses to get the capital they needed to maintain and grow operations, has fallen out of favor in recent yea...

As we head into 2021, fleet owners and owner-operators are making plans to tackle long-standing issues in the trucking industry. As the driver shortag...