Running a trucking business comes with its fair share of expenses, and every dollar saved in taxes can make a big difference. While many truckers and ...
Understanding Freight Factoring Rates: What Truckers Need to Know
Freight factoring has become a go-to solution for trucking companies and owner-operators looking to improve cash flow. But one of the most important a...
Freight Factoring: Is It Worth It for Your Trucking Business?
Running a trucking business comes with its fair share of challenges—long payment cycles, rising fuel costs, and keeping up with maintenance, just to n...
Single Point Capital Recognized as One of the Best Factoring Companies
At Single Point Capital, we are thrilled to share some exciting news: we have been recognized by NerdWallet as one of the Top 12 Best Factoring Compan...
Factoring Companies: The Good and the Bad
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...
Trucking Could Turn Around the Economy and Jobs
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...
Improving Dispatching and Rates for the Trucking Industry
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...
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The 7 Major Benefits of Freight Bill Factoring
Freight bill factoring is a popular financing option for trucking companies, providing them with the funds they need to cover their operational costs ...
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The Advantages of Invoice Factoring vs Traditional Loans
Invoice factoring, a financial solution less commonly known than traditional debt-based loans, provides a multitude of advantages for businesses, part...
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Get Fuel Advances for Truck Drivers: Best Practices for Securing Funds on the Road
Fuel advances are a lifeline for truck drivers, especially when unexpected expenses arise on the road. They help ensure that drivers can keep moving, ...
Pumping the Brakes on Bankruptcy for Trucking Companies
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 FAQs: What Businesses Need to Know
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...
Is Your Cash Flow Ready for the Post-Pandemic Era?
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...
Carriers Maintain Rate Leverage in Q1
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...
Last Mile Transportation May Signal Economic Improvements
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...
Understanding the New Round of PPP Loans
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...
Trucking Startups Projects to Grow in the New Year
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: Finding the Right Solutions for Your Business
Factoring services are used by businesses across every industry to enhance cash flow, smooth uneven revenue periods, build up capital, and reduce the ...
The Case for an Increase in Driver Wages
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...
Managing Fuel Prices and Expenses for Your Trucking Company
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...
