?
, .
.
, .
, they usually have 30 days to pay you back. companies will give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. Once the invoices are paid in full, you’ll get the balance left over, minus a small fee.
Sounds simple enough – fast cash for your business – no loans, no debt.
No Minimum
NO HIDDEN FEES
HIGHER ADVANCE RATES
PERSONALIZED
Dedicated Account Administrators
Client Relationships
Our Business
is Your Business
Payment Trend Alerts
CUSTOMER CREDIT HISTORY
LEADING EDGE TECHNOLOGY
Every factoring company has a preference for size, industry, and risk. It’s impossible for you to know which company is the best fit for you. By contacting us, we can save you a tremendous amount of time by helping you find the best match for your business - whether it’s with us or another company.
We have a vast network of industry colleagues that we’ve built over 20+ years in the business. So, when you take the time to explain your needs to us, we can be the “one stop shop” to help you find exactly what you’re looking for.
Customer
Credit History
.
.
! Companies of all sizes, from small privately-owned companies to large multi-national corporations, use factoring increase their cash flow. Factoring all industries, including trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing agencies and more.
Companies use the cash generated from factoring to pay for inventory, buy new equipment, add employees, expand operations—basically any expenses related to their business. Factoring allows a company to make quicker decisions and expand at a faster pace.
Unlike a bank loan, factoring has…
We are in the industry
Additional Factoring Companies information at Occfactor.com
Additional Trucking Factoring Companies information at Occfactor.com/occ-fortruckers.html
Welcome to factoring. Whether you own a business, look forward to building one or are looking for new financial tools for your current employer, Factoring can help you reach your financial goals. Factoring has the ironic distinction of being the financial backbone of many of America's most successful businesess.
Why ironic? Because factoring is not taught in business colleges, seldom mentioned in business plans and is relatively unknown to the majority of American business people, yet it is a financial process that frees up billions of dollars every year, enabling thousands of businesses to grow and prosper.
Factoring is the process of purchasing commercial accounts receivable(invoices) from a business at a discount. Business practices today dictate that in order to get business you, as a provider of goods and services, must extend terms to your customers.
These terms can squeeze the life(and cash is the lifeblood of any business) out of a new or struggling company.
Factoring has a long and rich tradition, dating back 4,000 years to the days of Hammurabi. Hammurabi was the king of Mesopotamia, which gets credit as the "cradle of civilization." In addition to many other things, the Mesopotamians first developed writing, put structure into business code and government regulation, and came up with the concept of factoring.
After a while, Hammurabi and the Mesopotamians went the way of extinct civilizations, but factoring endured. Almost every civilization that valued commerce has practiced some form of factoring, including the Romans who were the first to sell actual promissory note at a discount.
The first widespread, documented use of factoring occurred in the American colonies before the revolution. During this time, cotton, furs and timber were shipped from the colonies. Merchant bankers in London and other parts of Europe advanced funds to the colonists for these raw materials, before they reached the continent. This enabled the colonists to continue to harvest their new land, free from the burden of waiting to be paid by their European customers.
Recognize that these were not banking relationships as they exist today. If the colonists had been forced to use modern banking services in eighteenth century England, the process would have been much slower. The banks would have waited to collect from the European buyers of the raw materials before paying the seller of these goods, the colonists. (And at that point, who needed the bank?) This was not practical for anyone involved. So, just as today, the "factors" of colonial times made advances against the accounts receivable of clients, enabling the clients to continue with their operations, long before they had been paid for what they were sold.
With the advent of the Industrial Revolution, factoring became more focused on the issue of credit, although the basic premise remained the same. By assisting clients in determining the creditworthiness of their customers and setting credit limits, factors could actually guarantee payment for approved customers.
This is known as factoring without recourse(or non-recourse factoring)and is quite common in business today. Prior to the 1930's, factoring in this country occurred primarily in the textile and garment industries, as the industries were direct descendants of the colonial economy that used factoring so specifically. after the war years, factors saw the potential to bring factoring to other forms of invoice-based business and the expansion began.
Today, factors exist in all shapes and sizes: as divisions of large financial institutions or, inlarger numbers, as individually owned and operated entreprenurial endeavors. Many of these private factors sprung up in record numbers as interest rates rose to new heights in the 60's and 70's. This trend intensified in the 80's, primarily due to the increasing impact of interest rates and changes in the banking industry. With banks becoming too expensive and too inflexible due to heavy regulation(remember the Savings and Loan crisis?), the small businessperson was forced to find other sources of financing for expansion and growth. As more and more banks stop befriending the small bussinesperson, factoring is becoming an increasingy popular option.
This year alone thousands of businesses will sell billions of dollars in accounts receivable, and they are doing it for profit, growth, and in some cases , their very survival.
You begin by filling out a simple client profile, which we will provide you. Please click here for profile. This profile will cover basics such as your company's name and address, the nature of your business, and information about your customers.
You may need to supply an accounts receivable aging report, existing customers' credit limits, or other related documents. Remember the factor will attempt to determine the creditworthiness of your customers independent of their credit history with your business. We want a broader view of their overall credit status.
During this initial stage you will also cover basic financial arrangements with the factor. For instance, what will be the monthly volume of invoices you want to factor(i.e. how liquid do you need to be)? What will the advance rate and the discount rate be? How quickly will the factor issue the advance to you?
In most cases, the answers to these questions will vary depending on the financial strength of your customer(s) and the anticipated monthly sales volume to be factored. Variations between industries, length of time in operation, and general reputation of how risky a customer of yours may be. For instance, a long list of high-risk clients will cost you more in factoring fees than a short list of government agencies with a slow-pay history.
In the factoring business, volume is all important. The higher your volume(the dollar amount of invoices you factor), the more favorable your rates will be.
The factor will use the client profile you submit to determine if your business is suitable for factoring. This process is simply the factor analyzing the risks versus the rewards, using the information you provided.
Once approved, you can expect to negotiate terms and conditions. The negotiation process takes several aspects of the deal into consideration. For instance, if you want to factor $10,000, you can't expect as good a deal as a company that wants to factor $500,000.
During the negotiation process, you will become well aware of what it costs to factor your accounts receivable. After you reach an agreement with the factor, the funding wheels begin to roll. The factor conducts due diligence by researching y our customers' credit and any liens placed against your company. The factor also confirms the legitimacy of your invoice before buying your receivables and advancing cash to you.
"A sale is not a sale until you collect the money"
Are you a part-time banker for your customers??
Take a look at your accounts receivable aging schedule and count the number of accounts over 30 days.Congratulations, you are extending credit to those customers. You are not getting paid for delivering your end of the deal in a timely manner and as a result you are providing the use of your money to your customer for free. Not exactly the business you thought you were getting into, is it?
Ask yourself this question:
If those customers of yours went to a bank, borrowed the same amount of time, would they expect to pay a substantial amount of interest for the privilege? Of course they would!
And consider this:
Not only are you receiving no interest on that money, but most importantly,you are also losing the use of that money while you are waiting for your customer to pay you. What is the cost of not having this money available? In essence, your customers are asking you to finance their business by extending terms and allowing them to pay in 30 days (and usually longer, right?).
But what is it costing you in "missed opportunities" when your money is tied up in your accounts receivable?
How are invoice factoring fees and advance rates determined
It is based on several factors:
Fees can range from 2-5 % of the invoice's face value.
For example if the invoice's value is $1,000; a fee of 3% equals $30.
What is an advance?
The amount of money you receive immediately when we buy your invoice. The balance is returned to you when your customer pays the invoice. Advances range from 60-95% of the invoice's face value.
For example if the invoice's value is $1,000 an advance rate of 80% equals $800. The balance of $200 less the factoring fee is returned to you when your customer pays the invoice.
Comparing Bank Lending Rates to Factoring?
When compared to bank lending rates, factoring initially appears to be very expensive. Here are five typical questions/concerns that are raised by potential factoring clients
Wow! 3 points per month!
That's 36 percent year! (Rates range from 1.5- 3 points) It is tempting to annualize the numbers, but that is an "apples and oranges" comparison.Banks loan money at an annualized interest rate, 12 percent per year for example. We purchase your receivables at a discount. The products are different and there are other inconsistencies to this inappropriate comparison
The bank provides the money only one time, the day that you receive the loan; we provide money continuously. As an example, consider a bank loan for $100,000 at 12 percent. You receive the $100,000 just one time and then pay $1,000 interest per month interest and you still owe the $100,000. Or the bank could provide you with a line of credit that you use only when you need the money but the bank is charging you for that privilege and if you need to increase your line you need to go through the qualifying process all over again.
When you factor $100,000 each month for a year you have the use of $1.2 million (12 x $100,000) over the year. Unlike a bank loan where you have just $100,000 one time. Assuming a 3 point discount, the fees over the year will be 12 x $3,000 or $36,000, which is still 3 percent of $1.2 million. And at the end of the year you have no debt!
I'm only making 3% profit, how can I pay you 3 points?
A company making only 3% net profit can do more business volume as a result of factoring, and the larger volume will result in a higher profit margin because fixed costs do not increase with volume. The added business at a higher marginal profit leads to an increased overall profit margin. As the volume increases, the cost of production decreases, so that profits increase. Fixed costs i.e., rent, electric, insurance, etc., increase very little or not at all with volume. An increase in business will not affect rent. Electric bills may rise slightly. Workers compensation insurance may rise slightly. These costs do not increase as do direct production costs.
Let's graphically do the math assuming you can double your sales Without Factoring
Monthly Gross Sales-$50,000
With Factoring
Monthly Gross Sales-$100,000
But I only get 80% of my money upfront!
(Advances typically range from 80%-97%) Let's assume an advance rate of 80%. Let's also assume that you begin factoring in January. You have factored $100,000, we pay you $80,000 of that money upfront, with the remaining money making up the fee (3%) of $3,000 and the reserve (17%) of $17,000.
Now in February, you once again factor $100,000 and receive $80,000. However. you also receive your January reserve of $17,000(assuming your customer pay in 30 days). So for February, you actually receive 97% of your money, instead of 80%. In the second month and going forward you are basically receiving 97% of your cash flow.
But what if my customers take longer than 30 days to pay?
You have several options, Assume your client takes 60 days to pay you bill your client in the normal fashion and simply allow 30 days to go by prior to factoring that invoice. That way you pay the 30 day fee. Another way is to factor your faster customers first for the cash you need.
You Also Get Our Credit Risk Expertise at No Additional Fee
Accurately assessing credit risk is really the essential part of our factoring business. Few, if any, business clients can perform this function as objectively as we will.
For no additional fee, we act as your credit department for new and existing customers. This provides you with a huge advantage over in-house performance of these functions.
Consider the scenario where a salesperson has a new account with a potential for large purchases. The salesperson wants the business-so much so that he or she may overlook red flags associated with credit difficulties. The salesperson may even walk the account through your own internal credit checking procedures, in order to side step established controls. While this may get you the sale, it won't get the money, and with no money, there is no sale.
This will not happen with us. We make credit decisions with full knowledge of the new customer's credit situation. We will not buy the invoices of a poorly-rated customer and risk nonpayment. But don't look upon our participation as a tightening of credit to the extent that your business will be affected in a way that is beyond your control.
If you have a new customer with questionable creditworthiness, the decision to do business with that person is still yours. (However, we will reserve the right to say "I told you so!")
We may not buy those invoices, but you are still free to extend credit terms as you see fit. You remain in control Whatever decisions are made, you can be assured that, because of the factor's participation,you will be making decisions and extending credit based on more complete, objective and higher quality information than you have in the past.
We will fully research new clients and, equally important, we will routinely check the credit ratings of your existing customers. This contrasts greatly with most businesses, where routine credit updates are seldom run on the established customer base. This is potentially a huge mistake.
When a business does opt to do a credit check, it is usually too late and the problem is already out of hand. On the other hand, we will inform you immediately if there is a change in the credit status of one of your existing customers.
In addition to the specific customer credit information that we provide, you will have the benefits of comprehensive, detailed reports on your accounts receivables as a whole. As a part of the process you will receive accounting, transactional details, aging reports and financial management reports that allow you to incorporate this data into your own sales tracking, account history and in-depth analysis
We have more than 70 years of successful cash flow and credit management experience we would love to put to work for you.
Everything you need to know about changing factoring companies.
Looking for a new factoring company?
Here are the answers to these questions and more:
What is a UCC and how does it apply to me wanting to change factoring companies?
It is standard industry practice for a factoring company to file a blanket Uniform Commercial Code (UCC) to secure the factor's first position security interest on the invoices funded.
The UCC is a way for factoring companies, banks and commercial lenders to keep straight who is lending on what assets. Because receivables change on daily basis as new invoices collect and old invoices are paid, factors must file what is called a 'blanket' UCC filing collateralizing all of your receivables even though you may only be factoring a portion of your sales. It's simply impossible for factors to file a new UCC for each invoice funded. The UCC is simply a flag for other lenders who chose to run a search indicating a Security Agreement exists between your company and the factoring company.
The details of your particular factoring arrangement, such as rates and which accounts are factored, are outlined in the Security Agreement itself which is not public not. A UCC is similar to a first mortgage on your business.
The Buyout Process
The lender with the oldest dated UCC filing is said to be in 'First Position' on the pledged collateral. For example, a factor has first rights to collect payments on your invoices and all the related surrounding instruments.
Factoring companies do not take a second position because the lender in first position could legally take the check right out of the hands of the second position factor at any time and have every legal right to do so. It's a similar concept to ensuring you get the pink slip when purchasing a vehicle. You wouldn't want to have someone come along one day, unannounced and take the vehicle you thought you owned and have every legal right to do so!
To change factoring companies the old factor must be paid off by the new factor. Simultaneously the old factor's lien is released and the factor's lien is filed which is similar to refinancing your home.
A 'buyout' is the practice where the new factoring company pays off the old factoring company using proceeds from your first funding. The Buyout Agreement outlines the transition process and is a three party agreement signed by the old factoring company, new factoring company and your company. In the Buyout Agreement you approve the 'buyout figure' provided by the old factoring company.
How is the Buyout Figure Calculated:
The buyout figure is generally calculated by taking the Gross Receivables Outstanding subtracting any reserves and then adding in fees due to the old factoring company. If not automatically provided, it's best to ask for a breakdown as to how your figure was calculated. This way you can be sure you understand if any early termination fees or other fees on top of your usual factoring charges have been included.
It's important to understand the buyout figure because once you authorize that amount the old factor is paid off you have released any recourse to old factor. From that point forward you are only dealing with the new factor.
If you are going from a factoring agreement with an 80% advance rate to a 90% advance rate it's possible there will be enough proceeds to payoff the old factor without your having to come up with additional invoices.
How much does the buyout cost?
If you are able to submit brand new invoices to the new factoring company which they can use to payoff the outstanding invoices at your old factor then there would be no additional cost to you to make the change. Then, as the payments come in on the old invoices outstanding from the old factor, as part of the buyout agreement, those payments are forwarded to the new factor who would turn around and forward those to you as non-factored at no cost.
That is an ideal situation however, to come up with the payoff figure most companies need to resubmit at least a portion of invoices already factored with the old factor to the new factor. If that is the case, the invoices part of the 'overlap' will incur factoring fees from both factors.
Therefore, depending on your fee structure your factoring fees the first month of the change could be higher than normal. If you'll be getting a lower rate from your new factoring company you can calculate how many months it will take you to recoup that expense and run a cost benefit analysis.
Depending on the size of the transaction, some factoring companies offer reduced fees on invoices part of a buyout. You also want to make sure you give the proper notice of intent to terminate to your old factor (if required) to avoid any early termination fees to leave their contract early (refer to the Security Agreement Section titled 'termination or early termination.'
How long does a buyout take?
When you are changing factoring companies it's best to plan on the first funding taking a two to three more days than the normal factoring application setup process. The added days will be needed at the time of invoice verification and just before funding as buyout figures are calculated and sent to you for your approval.
It's not uncommon for buyout figures to change because fees continue to accrue and invoices collect so it's sometimes necessary to get updated buyout figure at the very last minute. By aligning yourself with a factoring company familiar with the buyout process they can guide you through timing to minimize any delays in your funding as a result of the transition. This is especially critical if you have weekly payroll to meet and cannot spare a few days delay in funding.
What if my situation is not that easy? Although it is not common industry practice, it's possible the old factoring company and the new factoring company can work together via an Intercreditor or Subordination Agreement until the old factor is paid off.
Depending on the circumstances, factors have been able to 'draw a line in the sand' where the old factor has rights to invoices up to a certain date and the new factor has rights to all invoices after that date.
Questions you wish you had asked before you signed up with your current factor:
How many factoring companies can I use at one time? By the way, the universal answer is one (per the Uniform Commercial Code/UCC).
If I decide I want to change factoring companies how much notice will I need to give?
What is the penalty if I want to leave without giving the required notice and please provide an example of how the fees would be calculated. Caution: be on the look out for 12 month factoring contracts where requiring a certain factoring volume per month.
For example, a 12 month contract where you've agreed to factor $100,000 per month at a rate of 2% means you promise to pay them $2,000 per month in factoring fees or $24,000 in total factoring fees over the next year.
If you want to leave after 6 months they will charge you the fees you would owe them for the remaining 6 months in the contract which in this example equals $12,000. That is cost prohibitive for most companies especially trucking companies working on very low profit margins. You're stuck!
Even worse, the trucking industry in specific is very volatile and it's hard to know how many trucks you will have running for you over the course of the next year. Can you imagine committing to factor $100,000 per month and then having some unexpected circumstance require you to let go half of your owner operators yet you still have to pay the factor $2,000 per month regardless of how many trucks you are running?
Do you use a bank lock box to post my customer payments?
If so, how many days does it take for one of my customer's payments to post to my account from the date the bank receives my customers check? This process has been known to artificially inflate the invoice turn and therefore increase your factoring fees.
How many days do you hold my original invoices before mailing them out to my customers?
The answer should be same day. Invoices are cash and should not be left sitting around. Not to mention, this is another way to artificially inflate the invoice turn and increase the factors fees. How many different people will I work with at your company? Some factoring companies have either a lot of turnover or operate call centers where you start with a new representative every time you call in. Other factors offer dedicated account administrators to be your point of contact.
Do I need to pay for postage for you to mail my invoices?
Do you charge me every time I have a new customer to credit check?
Shipping Port
Spending in the U.S. logistics and transportation industry totaled $1.33 trillion in 2012, and represented 8.5 percent of annual gross domestic product (GDP). Analysts expect industry investment to correlate with growth in the U.S. economy.
A highly integrated supply chain network in the United States links producers and consumers through multiple transportation modes, including air and express delivery services, freight rail, maritime transport, and truck transport. To serve customers efficiently, multinational and domestic firms provide tailored logistics and transportation solutions that ensure coordinated goods movement from origin to end user through each supply chain network segment.
Industry Subsectors
Logistics services: This subsector includes inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply and demand planning, third-party logistics management, and other support services. Logistics services are involved at all levels in the planning and execution of the movement of goods.
Air and express delivery services (EDS): Firms offer expedited, time-sensitive, and end-to-end services for documents, small parcels, and high-value items. EDS firms also provide the export infrastructure for many exporters, particularly small and medium-sized businesses that cannot afford to operate their own supply chain.
Freight rail: High volumes of heavy cargo and products are transported long distances via the U.S. rail tracking network. Freight rail moves more than 70 percent of the coal, 58 percent of its raw metal ores, and more than 30 percent of its grain for the nation. This subsector accounted for approximately one third of all U.S. exports.
Maritime: This subsector includes carriers, seaports, terminals, and labor involved in the movement of cargo and passengers by water. Water transportation carries about 78 percent of U.S. exports by tonnage, via both foreign-flag and U.S.-flag carriers.
Trucking: Over-the-road transportation of cargo is provided by motor vehicles over short and medium distances. The American Trucking Associations reports that in 2012, trucks moved 9.4 billion tons of freight, or about 68.5 percent of all freight tonnage transported domestically. Motor carriers collected $642 billion in revenues, or about 81 percent of total revenue earned by all domestic transport modes.
Industry Associations:
American Association of Port Authorities
American Shipper
North American Industry Classification System For Transportation
The Transportation and Warehousing sector includes industries providing transportation of passengers and cargo, warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of transportation. Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. The type of equipment depends on the mode of transportation. The modes of transportation are air, rail, water, road, and pipeline.
The Transportation and Warehousing sector distinguishes three basic types of activities: subsectors for each mode of transportation, a subsector for warehousing and storage, and a subsector for establishments providing support activities for transportation. In addition, there are subsectors for establishments that provide passenger transportation for scenic and sightseeing purposes, postal services, and courier services.
A separate subsector for support activities is established in the sector because, first, support activities for transportation are inherently multimodal, such as freight transportation arrangement, or have multimodal aspects. Secondly, there are production process similarities among the support activity industries.
One of the support activities identified in the support activity subsector is the routine repair and maintenance of transportation equipment (e.g., aircraft at an airport, railroad rolling stock at a railroad terminal, or ships at a harbor or port facility). Such establishments do not perform complete overhauling or rebuilding of transportation equipment (i.e., periodic restoration of transportation equipment to original design specifications) or transportation equipment conversion (i.e., major modification to systems). An establishment that primarily performs factory (or shipyard) overhauls, rebuilding, or conversions of aircraft, railroad rolling stock, or a ship is classified in Subsector 336, Transportation Equipment Manufacturing according to the type of equipment.
Many of the establishments in this sector often operate on networks, with physical facilities, labor forces, and equipment spread over an extensive geographic area.
Truck Transportation
You Can Find More Information at
Industries in the Truck Transportation subsector provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor trailers. The subsector is subdivided into general freight trucking and specialized freight trucking. This distinction reflects differences in equipment used, type of load carried, scheduling, terminal, and other networking services. General freight transportation establishments handle a wide variety of general commodities, generally palletized, and transported in a container or van trailer. Specialized freight transportation is the transportation of cargo that, because of size, weight, shape, or other inherent characteristics require specialized equipment for transportation.
Each of these industry groups is further subdivided based on distance traveled. Local trucking establishments primarily carry goods within a single metropolitan area and its adjacent nonurban areas. Long distance trucking establishments carry goods between metropolitan areas.
The Specialized Freight Trucking industry group includes a separate industry for Used Household and Office Goods Moving. The household and office goods movers are separated because of the substantial network of establishments that has developed to deal with local and long-distance moving and the associated storage. In this area, the same establishment provides both local and long-distance services, while other specialized freight establishments generally limit their services to either local or long-distance hauling.
General Freight Trucking
This industry group comprises establishments primarily engaged in providing general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized, and transported in a container or van trailer. The establishments of this industry group provide a combination of the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.
General Freight Trucking, Local
This industry comprises establishments primarily engaged in providing local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.
General Freight Trucking, Long-Distance
This industry comprises establishments primarily engaged in providing long-distance general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL) carriers.
General Freight Trucking, Long-Distance, Truckload
This U.S. industry comprises establishments primarily engaged in providing long-distance general freight truckload (TL) trucking. These long-distance general freight truckload carrier establishments provide full truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments.
General Freight Trucking, Long-Distance, Less Than Truckload
This U.S. industry comprises establishments primarily engaged in providing long-distance, general freight, less than truckload (LTL) trucking. LTL carriage is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. These establishments are generally characterized by the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.
Specialized Freight Trucking
This industry group comprises establishments primarily engaged in providing local or long-distance specialized freight trucking. The establishments of this industry are primarily engaged in the transportation of freight which, because of size, weight, shape, or other inherent characteristics, requires specialized equipment, such as flatbeds, tankers, or refrigerated trailers. This industry includes the transportation of used household, institutional, and commercial furniture and equipment.
Used Household and Office Goods Moving
This industry comprises establishments primarily engaged in providing local or long-distance trucking of used household, used institutional, or used commercial furniture and equipment. Incidental packing and storage activities are often provided by these establishments. Specialized Freight (except Used Goods) Trucking, Local
Specialized Freight (except Used Goods) Trucking, Long-Distance
This industry comprises establishments primarily engaged in providing long-distance specialized trucking. These establishments provide trucking between metropolitan areas that may cross North American country borders.
You Can Find More Information at
A freight broker is an individual or company that serves as a liaison between another individual or company that needs shipping services and an authorized motor carrier. Though a freight broker plays an important role in the movement of cargo, the broker doesn't function as a shipper or a carrier. To operate as a freight broker, a business or individual must obtain a license from the Federal Motor Carrier Safety Administration (FMCSA). Freight brokers are required to carry surety bonds as well.
Freight broker services are valuable to both shippers and motor carriers. Freight brokers help shippers find reliable carriers that might otherwise be difficult to locate. They assist motor carriers in filling their trucks and earning money for transporting a wide variety of items. For their efforts, freight brokers earn commissions.
Freight brokers use their knowledge of the shipping industry and technological resources to help shippers and carriers accomplish their goals. Many companies find the services provided by freight brokers indispensable. In fact, some companies hire brokers to coordinate all of their shipping needs.
Often, freight brokers are confused with forwarders. Though a freight forwarder performs some of the same tasks as a freight broker, the two are not the same. A forwarder takes possession of the items being shipped, consolidates smaller shipments, and arranges for the transportation of the consolidated shipments. By contrast, a freight broker never takes possession of items being shipped thus in the absence of negligent entrustment, a freight broker is not normally involved as a party litigant in a cargo claim dispute, although as an accommodation, the freight broker may assist the shipper at their request and expense with filing freight claims.
NAICS Index Description
484110 Bulk mail truck transportation, contract, local
484230 Boat hauling, truck, long-distance
484230 Refuse hauling, long-distance
Back to More Trucking Factoring Companies Information. LEARN MORE ABOUT...
Factoring / Factoring all across the nation depend on factoring to run and operate their . factoring stabilizes your cash flow by giving you immediate cash for your bills upon load delivery. You don’t have to wait 30 to 60 days for your customers to pay, which enables you to handle more deliveries.
bill factoring provides a complete financing alternative to negotiating with every single broker for which you deliver goods. factoring handle all your invoices, no matter how many brokers you have. This is especially important for that work with a large number of brokers.
If you operate a , and your shipping customers and brokers have good credit but are slow paying their bills then you should consider hiring one of the top factoring to help you. Not only do you get cash advances, but you often receive other benefits such as fuel cards; fuel discounts; tire and maintenance discount programs, and free -matching load boards versus paying for loads on boards.
factoring rates Truck factoring offer rates as low as 1% for the largest carriers. Owner-operators and truck with one to five trucks can expect to pay at least 2.5 to 3% for factoring services, depending on monthly volume and customers. factoring rates are very competitive.
advance rates enjoy the best advance rates in the factoring industry. Other types of such as staffing or construction often carry advance rates of 85% or less, but cash advance rates are often 95% or more. Some factoring fully-fund 100% of your bills, advancing the entire invoice amount less factoring fees.
Non-recourse factoring
Many factoring offer the option of non-recourse factoring which is a credit guarantee that protects you from customer non-payment due to credit issues. Non-recourse factoring usually costs more than recourse, but it may give you the peace of mind you need to sleep at night. Recourse and non-recourse factoring pertain only to non-payments resulting from credit issues such as insolvency or bankruptcy. You’re still liable for disputed claims, non-delivered goods or incorrect billing.
How bill factoring works
Complete the delivery of goods to your customer and send your bill (or bill of lading) to your factoring .
The factoring purchases your bills and sends you cash for up to 100% of the invoice within 24 to 48 hours.
The factoring collects payment from your customers and sends you any reserve as final payment.
Truck factoring advance you cash to keep your trucks on the road, but they also do much more. factoring typically provide back office functions such as credit checks on brokers and shippers; invoice generation and submission; receivables processing and accounting; as well as professional collections. These services are extremely helpful to any trucker, whether you are a single owner-operator or a large carrier.
Speed is critical in the industry, especially when you need to get paid for your deliveries. It’s why the entire industry depends on factoring. Whether you’re an independent owner-operator, mid-size fleet, or large carrier, you’ll benefit from bill factoring for consistent cash flow. factoring is the fastest way to get paid by your shippers and brokers, so you can deliver more loads and grow your business.
Truck Factoring-How to do it right
It’s no secret that your ability to control your cash flow will make or break your business — whether you’re a solo independent owner/operator or you’re the proud owner of a 50 truck fleet. If buying float time with the creative use of credit cards or going to your banker, hat in hand, to request a business line of credit has all the appeal of a root canal, there is another option available for small fleets and owner-operator : bill factoring. For those of you unfamiliar with the practice, transportation factoring is nothing more than assigning your unpaid bills to a third party for less than you would receive if you were to bill your customer and wait for payment. This enables you to get paid more quickly upon completion of a run, giving you faster access to the cash you need for funding your day-to-day operations. Here’s how factoring works, step-by-step:
1) Once you book your load, you fax or email details about your customer, the load, and your rate confirmation to the factoring service.
2) The factoring service lets you know if your customer is approved for load factoring
3) You pull the load
4) When you’re empty, you fax or mail your Bills of Lading and load-related documents to the factoring .
5) Later that day (or within 24 hours) the factoring will initiate a direct deposit to your bank account (which could be 60%-90% of your billing).
6) Once your customer has paid the invoice, you would receive the balance
Transportation invoice factoring isn’t for everyone, but it could provide you with the cash you need to keep your wheels turning and provide some stability to your business while you wait for your customer to pay their bill.
The best option for you is to invoice your customer directly and wait for payment to come in, but many customers are very slow to pay their invoices. If you need the cash right away, working with factoring might provide the financial cushion that you need to keep your trucks on the road.
Only you can determine if truck factoring makes sense — and this information should arm you with the knowledge you need to make a wise decision and keep from being victimized by a dishonest transport factoring that might not have your best interests in mind. —————————-
First, it should be noted that truck factoring is not free. There is a cost involved. It’s up to you as a business owner to make a determination as to whether or not it’s worth the cost — which can vary from as little as 1.5% to as much as about 5% of the line haul revenue.
It’s also important to note that you will likely face paying a number of fees, charges, and other expenses if you utilize the services of a bill factoring service. In most cases, your net proceeds from assigning your bills of lading to a factoring will more than likely result in your receiving an advance of 60%-90% of the anticipated revenue (depending upon the factoring service you utilize). The balance would be remitted to you once your customer pays their bill.
Second, all factoring services are not created equally.
Here are some key questions to ask when considering factoring :
Do you provide recourse- or non-recourse-based factoring services?
The name may seem unfamiliar, but the ramifications to your profitability could be substantial: Recourse-based factoring means that if your customer fails to pay the factoring service, that you will allow them to come back to you for reimbursement; whereas, non-recourse-based factoring means that even if the bill doesn’t get paid, you have your money.
Do you require me to let you bill my customer for all future loads I pull for them or can this be done on a load-by-load basis?
While you may have a temporary cash shortfall that you’re trying to cover by utilizing the services of a factoring service, many will require that they handle all future bill collections for monies owed to you by that customer. Depending upon the customer, you may not want to go this route, but keep in mind that some factoring are very firm about this requirement.
Some bill factoring services give you the option of deciding on a load-by-load basis whether to handle the billing and collections yourself or whether to let them handle it on your behalf. In addition, factoring services that will let you make the decision yourself will also let you decide whether you want immediate payment or payment when the invoice is actually paid. This can be convenient for you, because it will almost permit you to utilize the factoring service as a de facto billing service Is there a price difference if I let you bill my customer for all loads that I pull for them?
Some factoring may permit you to decide on an invoice-by-invoice basis whether you want to bill your customer yourself or have them do it, while others require all billings to originate through them. If you utilize their services on a “spot-usage” basis and don’t elect to have a particular invoice factored, you will still likely be faced with paying $15-$20 for billing. You would then receive payment once your customer pays the invoice. Do you charge extra fees for additional services?
Requirements for Customers — Most factoring won’t automatically pay invoices from your customers. They will want to have a reasonable assurance that your customer isn’t a deadbeat, so they will likely require a credit check to ensure that there is a likelihood that they will be paid. Most transportation factoring will do a credit check on your customer for you (which could involve a nominal fee). Other factoring services will give you access to a list of customers that are “pre-approved” — that meet their credit requirements. This can also come in handy for you, especially if you want to know a prospective customer’s credit prior to booking the load. Do you require deposits? And do you advance 100% of the bill?
Some factoring services will require deposits, while others will not. Before signing on the dotted line, be sure to ask so that you have a clear understanding of exactly what you are getting into. It is rare for a factoring service to advance 100% of your bill, so find out what their policy will be — and if it will be the same for all customers and bills or if it could change from load to load.
Back to More Trucking Factoring Companies Information. 9 Questions to Ask When Comparing Factoring
In the U.S., the industry generates 255 billion in revenue each year. According to American Transportation Research Institute, there are 500,000 , but only four percent of these have more than 28 trucks. The other 96 percent have 28 trucks or less, and 82 percent have six trucks or fewer. So, is a multibillion dollar industry comprised mostly of small, independent operators.
Why is this information important?
There are two main challenges that come across when looking at their business’s finances. The first being cash flow and obtaining a business loan from the bank to keep up with payroll, expenses, etc. The second challenge being waiting the 60 to 90 days that it can take for clients to settle their invoices. With the majority of in the United States having under 28 trucks, this also means that their teams are relatively small as well. People are wearing multiple hats to try and get things done, tasks may get missed, and scaling is challenging without the proper cash flow backing them.
Having a lack of cash flow can quickly become what is holding you back from onboarding an A-player in your industry, keeping up with payroll, paying vendors, and frankly, growing your business beyond what it is today. factoring is one way to eliminate these obstacles, especially for smaller or independent operators. What Is Factoring? You've likely heard of factoring in the past, and it is basically a way to create cash flow immediately instead of waiting to collect on all your invoices. The factoring pays you 85 percent or more upfront and then collects the invoice payments for you. Once the payments are collected they send you the rest of the payments, less a factoring fee. The fee normally runs from one to three percent of the dollar amount factored. Many factoring specialize in /transportation/ forwarding, but the details of their proposals may vary widely. The number of options and the structure of the various agreements can get confusing.
In this article we will provide an overview of what to look at when comparing factoring . 1. How quickly can you get funding?
You will typically receive funding after the factoring has received your submitted invoices. Some factors provide same–day funding or next-day funding, while others will only fund after verifying your customer’s bills, which can take more than 2 or 3 days.
The timeframe in which you receive your funding is one of the most crucial aspects of the contract that you need to consider. If you know that you typically need funding right away, then you will need to look at factoring that provide same or next-day funding.
2. What kind of customer service does the provide?
Like any industry, there are varying levels of services when you need to get in touch with a representative. With finances, many people like to have the option of speaking with a person right away. If an issue arises where they need access to their funding sooner than expected or something has gone wrong with their account, having access to a person or a nearby office can be beneficial.
We make a point of interacting with our customers in person as often as we can, and we encourage customers to travel to our offices if it isn’t too far for them. For example, we have team members located in Toronto, Canada, and we have a local office in Buffalo, New York. Should our Toronto clients want to make the short trip to Buffalo to visit our office, we encourage them to do so. The kind of interactions you want to have with your factoring is important to consider. You do not want to end up working with a that only offers email support if you’re someone who prefers to interact over the phone or in person. Make sure you do your homework before you set up a long-term arrangement. 3. Does the factoring provide credit protection?
There are two kinds of factors: non-recourse and recourse. Recourse factors have the option of charging you back for any unpaid invoices, but the non-recourse factors provide credit protection. This is a very common question that comes up when we are speaking with about factoring. They want to know what happens should a client’s invoice become delinquent and ultimately, become unpaid. Having credit protection means that you will get paid on the invoice even if the invoice goes unpaid. Since they take on more risk, non-recourse factoring normally costs more. Especially with a smaller , it can be difficult to have a backup plan should an invoice go unpaid. It’s important to consider what kind of strategy you have in place for unpaid invoices. Will you contact the customer or pursue them for the funds that they owe? Or, will you swallow the cost yourself and move on? Having an established plan of what you will do will help you establish if you will need recourse or non-recourse factoring. 4. How much is advanced and how much is held in reserve? Factoring normally provide 85 percent or more when you submit an invoice. They will hold on to the remaining amount until the invoice is paid by the client. Once the invoice is settled in full, they will release the remaining funds, minus their factoring fee. The fee tends to be somewhere between one and three percent.
5. What are the rates and fees?
Factoring fees can come in many different shapes and sizes. The main thing you need to make sure of is that you understand what fees are going to be incurred by doing business with a factoring . Make sure to ask the right questions! Here are some ways in which fees can be charged: 1.A percentage of the invoice value
2.They can depend on how long the invoice remains unpaid
3.There can be wire and ACH fees
4.Administrative fees
5.Interest
6.And much more.
Make sure you read the contract and understand all of the fees in which you are going to be charged so that you can make a smart decision about which structure is the best and most cost effective for you. The best way to compare proposals is to figure out the total cost of the fees as a percentage of the dollar amount of the factored invoices.
Flat Fees Versus Tiered Rates
The two most common fees charged are flat fees and tiered rate fees. Here is a quick explanation on how they typically work.
1. Flat Fees
Flat fees are really just how they sound. They are when a factoring charges a one-time flat discount fee for the factoring of the invoice regardless of how long or how quickly the invoice is paid. This can be great, as it provides an upfront knowledge of exactly what your finance costs are going to be, but it can also prove expensive if your customers generally pay quickly. If a factoring charges a three-percent flat rate and your clients pay in 60-90 days, well then you are getting quite a good deal. But, if three-percent is charged and most of your clients pay in 7-30 days, well three-percent is a lot for such a short time. Look over your customer list or aging and think about how long on average it takes for your customers to pay and that will help you in determining whether a flat rate really is a good deal for you or not. 2. Tiered Fees
Tiered fees are fees that incrementally increase as the invoice remains unpaid. This is great because you are only incurring fees for as long as it takes the invoice to be paid. If your customers are paying quite quickly, then tiered fees will generally save a business a lot of money on factoring costs.
6. How are credit checks carried out?
Factoring main concerns are not how many years a has been in business or what a business owners credit score is. The main concern is that the factoring is buying invoices that will get paid and not become delinquent. Many factoring will check the credit of the customer, shipper or broker for you. You need to find out how this is done and how long it takes. You’ll likely want to work with a factor that can quickly approve your customer’s credit and your funding before you transport a load.
7. How much of the billing is handled by the factoring ?
One of the advantages of working with a factor is that some perform the back-office tasks like billing and invoicing. For example, you can send them the bill of lading and a rate sheet and they’ll take care of the rest. Other factoring will ask you to do the invoicing and send them copies. Should you be in a situation where you don’t want your client to know that you’re working with a factoring , you can look into Non-Notification Factoring. It is a form of factoring that significantly limits the number of interactions between the factoring and your clients. In other words, the factoring ’s presence throughout the process is seemingly non-existent. If there is a point where the factoring needs to communicate with one of your clients, the communication is done in a way that makes it seem like they’re part of your . Factoring can use your collateral when sending notifications, emails, etc. This could mean a slight increase in the billing tasks that you need to handle, however, you can make sure to inquire about all of these options when you’re reviewing propposals.
8. What are the invoice requirements?
You’ll need to find out if the factoring requires you to factor all your invoices or lets you choose the ones you want to factor. Also, some factors charge fees on the gross amount factored, while others charge you for the net amount (gross amount minus fuel costs).
9. What is the contract period?
Some factors may require a long-term contract from three to 36 months, but others will offer you the option of canceling your factoring agreement at any time. Make sure you understand the fine print and any fees associated with terminating your contract early if you decide on a longer-term contract.
How To Choose?
There are many things to consider when looking into different factoring . Even though each factoring is offering a similar service, there are many points that differentiate them. Each factoring will have different funding rates, advance rates, contract terms and requirements. Some factors will require a personal guarantee, or maybe will require you to factor all invoices that the produces, and other factoring will let you pick and choose. Make sure you ask the questions we have laid out in this article and you will have all the information you need to choose a factoring that is right for your business. Back to More Trucking Factoring Companies Information.
Every small business owner knows that cash flow is the life blood of a company. With it, you can purchase raw materials and inventory, pay your overhead expenses and keep up with payroll. Without it, you may find yourself unable to fill orders or meet your financial commitments.
For these reasons, business owners seek out sources of funding that can help them meet their business obligations AND provide a consistent influx of capital to drive innovation and ultimately growth.
One method of financing that you may have heard about is a merchant cash advance, or MCA. On the surface, it sounds like it might be similar to – but is it? Let’s look at some of the biggest differences between the two.
1. is Less Risky Than a Merchant Cash Advance There’s always some risk involved in financing a business. For the lender, the risk is that the business may miss payments or, in the worst-case scenario, fail to pay back their debt. And, for the business owner, the risk comes in the form of fees and interest.
When it comes to risk, there’s a big difference between and MCAs. advances money based on an existing invoice. The money that your customer owes for the product or service is advanced to you through the sale of your to the company. By contrast, MCAs give you money based on an estimate of future sales. If your sales fall short, you’ll still need to repay the money. More than that, MCAs usually require access to your bank accounts so they can take out the funds automatically. If you’re already experiencing cash flow issues, this can make it worse.
2. Merchant Cash Advances Can Be More Expensive Than
You probably already know that a risky form of financing is likely to cost more than one that carries a low risk. So, it should come as no surprise that MCA loans can be far costlier than .
fees are a percentage of the invoice. There’s a basic fee that applies to each factored as spelled out in your contract. If an remains unpaid past the initial payment term between you and your client, you may be charged back the advanced amount. MCA fees can be significantly higher than fees. The fee is typically between 20% and 50% of the amount borrowed. Even if your sales match the predictions, you’ll still end up paying back significantly more than your initial advance.
Something else to consider, MCAs are considered commercial transactions, so they are not subject to the same federal regulations that banks are. While a 20-50% advance fee might be common, APRs can exceed 300%. Plus, the payment structure is already determined at the time of the advance, so you can’t pay it off early to stop the interest from accruing.
3. Maximizes Cash Flow and Merchant Cash Advances Don’t
is a product that’s designed to help small business owners maximize their cash flow. That’s because it advances money against invoices that have already been fulfilled. When you factor an invoice, you get money immediately – often the same day – which you can then use to buy materials, invest in your company or make payroll. By contrast, MCAs are speculative. They provide you with a lump sum, but if you use that money to pay off existing debts, you may find yourself caught in a vicious cycle of requiring another cash advance to pay off the first with the meter running on the second.
With , you know your cost and fees upfront, and because it’s the sale of your invoice, there is no debt or interest to worry about. It’s not a loan.
4. Includes Back Office Services, MCAs Don’t
When you get an MCA, all you’re getting is money. One of the most important differences between an MCA and is your fee includes some time and potentially money-saving back office services that can help your business grow.
For example, companies typically provide services that include billing and collection. It can be quite expensive to pay someone to make collection calls on your outstanding invoices. Experienced account executives work as an extension of your team and on your behalf.
Starting a requires a leap of faith. Even when you know you’ve got the skills and know-how to be a success, there are many ways that your budding venture can go wrong. Arguably, the toughest part for any entrepreneur is securing the funds to gain traction and grow despite having secured contracts with clients. What’s worse for new than to have to turn away paying opportunities because they don’t have the capital to finance their operations, hire new people or invest in new equipment? Most young can’t afford to turn away paying customers. They also can’t afford for word to get around that they can’t take on bigger projects. For start-ups and young , there is a chicken-or-the-egg dilemma when it comes to qualifying for lines of credit or getting approved for a loan. Banks want to see history and a strong client base. But owners can’t always build a decent portfolio without the capital to take on more clients. For this reason, invoice can be a way for new owners to turn those early invoices into real working capital to get their off the ground.
Young Need Capital: Provides It
You know the saying, “you need to spend money to make money”? Ask a owner if this is true. Rarely, can a young survive without consistent working capital.
In fact, a lack of sufficient capital is the second-most common reason that new fail. New owners often borrow money from friends and family to help support their dreams. Or, they go into considerable personal debt in order to finance those early stages. Either way, you have somebody looking over your shoulder and expecting to be paid back. That’s a lot of pressure when you’re just starting out. Invoice provides working capital and predictable cash flow your new needs. Unlike banks, companies provide funding by purchasing your outstanding invoices. That means that if you’ve got invoices, you have access to an immediate source of funding. The best part is that you’re getting an advance on your money. So not only do you get your money, you get it without the debt. As a start-up, you understand that it’s all about speed, and that’s the foundation of . Once your application is approved, you can get funding in as quickly as 24 hours after you submit your invoices. You can use those funds for anything that you’d like, restriction-free. Use it for payroll, to pay rent or to invest in new equipment. Young Need Support: Provides It
owners often find themselves wearing many hats in the course of a day. How often does a owner say, “If only I had someone helping me with X, I can really focus on Y?”. companies provide more than funding for . They take some of the most time-consuming tasks out of the owner’s hands, like checking customer credit and collecting on outstanding invoices. These jobs can take hours of your valuable time and often require additional staff to manage them. Different from a traditional loan, you get a team of back office support staff at no additional charge. These and other value-added services are included in your fee. Be sure to talk to your about what other services they provide.
Young Need Protection from Bad Debt: Provides It
For a new , extending credit to a customer who doesn’t pay can be harmful at best and devastating at worst. It’s important to screen your customers’ credit. A will do this for you before you take on new so you can be assured that the client has the funds to pay. This saves you time upfront so you don’t start projects for clients who can’t pay, and it also means that the can work with you to advance you funds when you complete the work.
Young Must Avoid Taking on Debt: Won’t Add to Your Debt
One of the biggest reasons that is ideal for young is that it provides the money you need without adding to your debt. isn’t a loan – it’s a purchase of your invoice. The buys your invoice, takes out a nominal fee, and issues any remaining monies when the client pays. That’s it. End of transaction. No debt to keep track of or payments to make.
That means there’s no need to list your balance as debt. There are no interest rates or hidden fees either. In other words, provides you with the predictable cash flow you need without adding to your debt.
Young Need to Grow: Helps
Growth opportunities don’t come along every day, but when they do, you’ve got to take advantage of them. New companies sometimes struggle to accept large orders or attract new customers because they don’t have the financial stability needed to do so. Invoice provides a solution by smoothing out cash flow and making it possible for owners to pursue growth opportunities in the moment.
freightbillfactoring.org
freightbills.org
freightbrokerage.org
freightfactoring.co.uk
freightfactoringcompanies.org
freightfactoringcompany.org
freightfactors.org
freightinvoicefactoring.org
freighttruckingcompany.org
jasonsloan.org
longhaultrucking.org
transportationfactoringcompanies.org
transportationfactoringcompany.org
truckermoney.com
usloadsource.com
truckfactor.org
truckfactoringcompanies.org
truckfreightshipping.org
truckingbroker.org
truckingfactoring.org
truckingfactoringcompanies.com
truckingfactoringcompanies.org
truckingfactoringcompany.com
truckingfactors.org
truckingservice.org
factoringtrucking.org
factortrucking.org
factoringfortrucking.com
factoringfortrucking.com
factoringfortruckingcompany.com
Revenue:
$796.7 billion in gross freight revenues (primary shipments only) from trucking, representing 80.3% of the nation’s freight bill in 2018.
Tonnage:
11.49 billion tons of freight (primary shipments only) transported by trucks in 2018, representing 71.4% of total domestic tonnage shipped.
Taxes:
-$42.6 billion paid by commercial trucks in federal and state highway-user taxes in 2017.
-Commercial trucks make up 13.4% of all registered vehicles, and paid $17.7 billion in federal highway-user taxes and $25.8 billion in state highway-user taxes, in 2017.
-24.4¢ in federal fuel tax paid for each gallon of diesel fuel as of January, 2019.
-18.4¢ in federal fuel tax paid for each gallon of gasoline as of January, 2019.
-27.4¢ paid on average in state fuel tax for each gallon of diesel fuel as of 2019.
-26.2¢ paid on average in state fuel tax for each gallon of gasoline as of 2019.
Number of Trucks:
-36 million trucks registered and used for business purposes (excluding government and farm) in 2017, representing 24% of all trucks registered.
-3.68 million Class 8 trucks (including tractors and straight trucks) in operation in 201, nearly unchanged from 2016.
Mileage:
-297.6 billion miles traveled by all registered trucks in 2017
-181.5 billion miles traveled by combination trucks in 2017
Number of :
According to the U.S. Department of Transportation, as of May 2019, the number of for-hire carriers on file with the Federal Motor Carrier Safety Administration totaled 892,078, private carriers totaled 772,011 and other* interstate motor carriers totaled 84,930.
Other’ motor carriers are those that did not specify their segment or checked multiple segments. All other categories were excluded.
-91.3% operate 6 or fewer trucks.
-97.4% operate fewer than 20 trucks.
International Trucking:
-Trucks transported 67.4% of the value of surface trade between the U.S. and Canada in 2018.
-Trucks transported 83.5% of the value of surface trade between the U.S. and Mexico in 2018.
-In 2018, the value of truck-transported trade rose 10.2% to $424.0 billion with Mexico; truck-transported trade with Canada rose 3.6% to $348.3 billion.
Employment:
-7.8 million people employed throughout the economy in jobs that relate to trucking activity in 2018, excluding the self-employed
-3.5 million truck drivers employed in 2018 (almost unchanged from 2017)
Industry Overview: Trucking
The Trucking Industry is a cyclical sector comprised of that provide shipping services, using tractor-trailers, to customers, which are usually commercial businesses. Most trucking outfits own and operate the vehicles in their fleets, though some do rely on leasing. The vast majority of revenue is generated domestically, since overseas shipments require either air- or sea-based transportation. Thus, these have little exposure to foreign currency fluctuations. The industry tends to be a leading indicator for the overall economy. During the early stages of an economic upswing, customers begin to ship more goods in anticipation of stronger business conditions. Conversely, a decrease in trucking demand may signal the beginning of an economic slump.
The Operating Basics
This industry is competitive. Customers have numerous operators to choose from, including privately held carriers and outside the industry, such as air-transporters. As a result, day-to-day operations tend to be relationship-oriented. strive to build close ties with customers in order to generate repeat business. Providing excellent service is a necessity, since customers can easily find an alternative shipper. Price competition is fierce, and the in this group generally operate with narrow margins. To adequately serve the needs of its customers, a trucking has to have a large collection of tractors and trailers, often numbering in the thousands. Furthermore, the fleet has to be upgraded often (every five years for tractors). Frequent upgrades help to keep maintenance expense in check, since older vehicles require more upkeep. Also, a young fleet may attract better-qualified drivers, especially when the supply of labor is thin. Too, increasingly stringent U.S. environmental standards compel trucking to purchase newer, more-efficient vehicles. Fleet sizes are also often adjusted in accordance with the prevailing economic situation. During downturns, truckers will decrease the number of vehicles in operation to avoid holding excess capacity. When the supply of tractors exceeds demand, this results in less revenue generated per vehicle and other inefficiencies. There are two primary segments within the Trucking Industry: truckload and less-than-truckload (LTL). Truckload carriers fill a trailer with large amounts of cargo from one customer, usually with a single destination in mind. LTL operators fill a trailer with small amounts of cargo from several different customers, requiring various delivery destinations. Goods shipped via LTL carriers may stop at numerous terminals and be transferred between several different vehicles before reaching the final destination. Truckload freight, on the other hand, usually remains in the same vehicle along the entire shipping route. Both types of trucking maintain a network of terminals and distribution centers across the country. The industry is affected by seasonal factors. Generally, all trucking enjoy increased demand in the calendar fourth quarter, when retailers stock their shelves for the major holiday shopping season. In the middle of the year, LTL may experience high demand, relative to that of truckload operators, since there is less need to transport large amounts of homogenous freight. During the first quarter, business is usually slack for both truckload and LTL carriers – a good circumstance, since this period typically involves weather-related disruptions.
Major Expenses
There are several important expenses that affect the profitability of trucking . Labor costs have a considerable impact on earnings. Trucking require a deep roster of qualified drivers and freight handlers. The supply of available drivers often tends to be slim, resulting in intense competition for qualified talent. need to offer competitive wages and benefits to attract the best employees. Some trucking outfits employ workers that belong to powerful labor unions. These employees possess strong negotiating leverage, and the possibility of labor strife is a risk. Nonunion workers offer lower labor costs, but they might not be as dependable. Other significant labor-related costs include pension expense and workers’ compensation. Fuel is one other expense that must be managed carefully. Lengthy trips, heavy loads and large engines keep tractor-trailer fuel consumption high. Most of the cost of diesel fuel is passed on to customers through surcharges. But, if fuel prices rise quickly, there may be a lag in recouping all of the related outlays, thus hurting a trucker’s short-term profitability. Most prefer to rely on surcharges rather than long-term fuel-contract hedging. Operating expansion and fleet improvement may be financed with cash flow, common equity and/or debt, depending on the cost of each source. At times, a heavy debt burden might be assumed in the completion of a merger that may offer greater market coverage. Generally, these possess average stock market risk. Over a business cycle, cash reserves can build, and barring any pressing needs for capital investment, these will reward investors with a big one-time dividend or stock buybacks. For the most part, though, managements are more interested in building stockholder value via operating network enhancements and expansion.
How Big Is The Trucking Industry?
The trucking industry impacts your life more than you might think. Almost every good in the United States had traveled by truck at least once before it reached its final destination. Even when goods travel by railroad, they still almost always go by truck for at least part of their journey. Trucking accounts for over 70 percent of freight in the United States. This means trucking generates more revenue than any other industry in the United States. Nearly 6 percent of all full-time jobs in America are in the trucking industry, which generates over $700 billion every year. At 53.9 billion gallons of fuel per year, these truck drivers use over 12 percent of all fuel used in the United States. Tractor-trailers drive 432.9 billion miles every single year, and there are over 15.2 million trucks on the road.
How the Trucking Industry Affects Other Industries
The trucking industry affects other people’s employment, as well. Industries such as steel mills and auto manufacturers depend on truckers to deliver supplies needed to manufacture their goods. This is because the manufacturing industry has shifted toward “just in time manufacturing.” This means parts are delivered just before assembly, so manufacturers do not need large warehouses to store components. The manufacturing industry also depends on truckers to transport goods to sellers. Without trucks, workers at these factories would soon face unemployment. The farming industry also depends on the trucking industry. Fruits, vegetables, and dairy products are transported many miles before they reach their final destinations at the store. Farm owners and farm workers both depend on trucking to keep their industry going.
What if Trucking Disappeared?
Trucking helps transport nearly every kind of good you can think of. Life would not be the same as you know it if the trucking industry disappeared tomorrow. Gas stations would be out of gas in less than a week because they depend on fuel deliveries every two and a half days. Your local grocery store would be out of dairy and produce in a few days because many grocery stores keep as few perishables in stock as possible. They depend on daily deliveries of food. The supply of clean water would even disappear because water purification plants would not be getting the tools they needed to clean water. Hospitals would run out of medications in a very short time, and some would run out of oxygen within a day. This is because they do not keep many supplies on hand ahead of time. Some even wait to order more supplies until their current ones are depleted. These hospitals depend on trucks to quickly get them the supplies they need within a few hours. Even a disruption to the trucking industry has significant consequences. After 9/11, trucks carrying auto parts were significantly delayed at the Canadian border. This caused several Michigan auto manufacturing plants to shut down because they could not get the parts they needed in time. This caused them severe economic loss.
A Shortage of Drivers
Because the trucking industry is so vital to everyday life, nearly 900,000 more drivers are needed. This is because the industry is growing so quickly. DAT Solutions found that in 2018, there was only one truck available for every 12 loads that needed to be shipped. Part of this shortage is because many truck drivers are nearing retirement age, and there are not enough new ones to replace them.
Final Thoughts
Many people do not realize just how important the trucking industry is. America would be very different without the trucking industry and the more than 10 million people who work in it.
Providing services for
, companies and nationwide-map
Information for the city of
Information for the state of
Back to More Trucking Factoring Companies Information.
Back to More Trucking Factoring Companies Information.
Back to More Trucking Factoring Companies Information.
You Can Find More Information at
and at
Back to More Trucking Factoring Companies Information.
Los Angeles Factoring Companies
Chicago Factoring Companies
Houston Factoring Companies
Philadelphia Factoring Companies
Phoenix Factoring Companies
San Antonio Factoring Companies
San Diego Factoring Companies
Dallas Factoring Companies
San Jose Factoring Companies
Austin Factoring Companies
Jacksonville Factoring Companies
Indianapolis Factoring Companies
San Francisco Factoring Companies
Columbus Factoring Companies
Fort Worth Factoring Companies
Charlotte Factoring Companies
Detroit Factoring Companies
El Paso Factoring Companies
Memphis Factoring Companies
Boston Factoring Companies
Seattle Factoring Companies
Denver Factoring Companies
Washington DC Factoring Companies
Nashville Davidson Factoring Companies
Baltimore Factoring Companies
Louisville Jefferson Factoring Companies
Portland Factoring Companies
Oklahoma City Factoring Companies
Milwaukee Factoring Companies
Las Vegas Factoring Companies
Albuquerque Factoring Companies
Tucson Factoring Companies
Fresno Factoring Companies
Sacramento Factoring Companies
Long Beach Factoring Companies
Kansas City Factoring Companies
Mesa Factoring Companies
Virginia Beach Factoring Companies
Atlanta Factoring Companies
Colorado Springs Factoring Companies
Raleigh Factoring Companies
Omaha Factoring Companies
Miami Factoring Companies
Oakland Factoring Companies
Tulsa Factoring Companies
Minneapolis Factoring Companies
Cleveland Factoring Companies
Wichita Factoring Companies
Arlington Factoring Companies
New Orleans Factoring Companies
Bakersfield Factoring Companies
Tampa Factoring Companies
Honolulu Factoring Companies
Anaheim Factoring Companies
Aurora Factoring Companies
Santa Ana Factoring Companies
St Louis Factoring Companies
Riverside Factoring Companies
Corpus Christi Factoring Companies
Pittsburgh Factoring Companies
Lexington Fayette Factoring Companies
Anchorage Factoring Companies
Stockton Factoring Companies
Cincinnati Factoring Companies
St. Paul Factoring Companies
Toledo Factoring Companies
Newark Factoring Companies
Greensboro Factoring Companies
Plano Factoring Companies
Henderson Factoring Companies
Lincoln Factoring Companies
Buffalo Factoring Companies
Fort Wayne Factoring Companies
Jersey Factoring Companies
Chula Vista Factoring Companies
Orlando Factoring Companies
St. Petersburg Factoring Companies
Norfolk Factoring Companies
Chandler Factoring Companies
Laredo Factoring Companies
Madison Factoring Companies
Durham Factoring Companies
Lubbock Factoring Companies
Winston Salem Factoring Companies
Garland Factoring Companies
Glendale Factoring Companies
Hialeah Factoring Companies
Reno Factoring Companies
Baton Rouge Factoring Companies
Irvine Factoring Companies
Chesapeake Factoring Companies
Irving Factoring Companies
Scottsdale Factoring Companies
North Las Vegas Factoring Companies
Fremont Factoring Companies
Gilbert town Factoring Companies
San Bernardino Factoring Companies
Boise Factoring Companies
Birmingham Factoring Companies
Rochester Factoring Companies
Richmond Factoring Companies
Spokane Factoring Companies
Des Moines Factoring Companies
Modesto Factoring Companies
Fayetteville Factoring Companies
Tacoma Factoring Companies
Oxnard Factoring Companies
Fontana Factoring Companies
Columbus Factoring Companies
Montgomery Factoring Companies
Moreno Valley Factoring Companies
Shreveport Factoring Companies
Aurora Factoring Companies
Yonkers Factoring Companies
Akron Factoring Companies
Huntington Beach Factoring Companies
Little Rock Factoring Companies
Augusta Factoring Companies
Amarillo Factoring Companies
Glendale Factoring Companies
Mobile Factoring Companies
Grand Rapids Factoring Companies
Salt Lake City Factoring Companies
Tallahassee Factoring Companies
Huntsville Factoring Companies
Grand Prairie Factoring Companies
Knoxville Factoring Companies
Worcester Factoring Companies
Newport News Factoring Companies
Brownsville Factoring Companies
Overland Park Factoring Companies
Santa Clarita Factoring Companies
Providence Factoring Companies
Garden Grove Factoring Companies
Chattanooga Factoring Companies
Oceanside Factoring Companies
Jackson Factoring Companies
Fort Lauderdale Factoring Companies
Santa Rosa Factoring Companies
Rancho Cucamonga Factoring Companies
Port St. Lucie Factoring Companies
Tempe Factoring Companies
Ontario Factoring Companies
Vancouver Factoring Companies
Cape Coral Factoring Companies
Sioux Falls Factoring Companies
Springfield Factoring Companies
Peoria Factoring Companies
Pembroke Pines Factoring Companies
Elk Grove Factoring Companies
Salem Factoring Companies
Lancaster Factoring Companies
Corona Factoring Companies
Eugene Factoring Companies
Palmdale Factoring Companies
Salinas Factoring Companies
Springfield Factoring Companies
Pasadena Factoring Companies
Fort Collins Factoring Companies
Hayward Factoring Companies
Pomona Factoring Companies
Cary Factoring Companies
Rockford Factoring Companies
Alexandria Factoring Companies
Escondido Factoring Companies
Mckinney Factoring Companies
Kansas City Factoring Companies
Joliet Factoring Companies
Sunnyvale Factoring Companies
Torrance Factoring Companies
Bridgeport Factoring Companies
Lakewood Factoring Companies
Hollywood Factoring Companies
Paterson Factoring Companies
Naperville Factoring Companies
Syracuse Factoring Companies
Mesquite Factoring Companies
Dayton Factoring Companies
Savannah Factoring Companies
Clarksville Factoring Companies
Orange Factoring Companies
Pasadena Factoring Companies
Fullerton Factoring Companies
Killeen Factoring Companies
Frisco Factoring Companies
Hampton Factoring Companies
Mcallen Factoring Companies
Warren Factoring Companies
Bellevue Factoring Companies
West Valley City Factoring Companies
Columbia Factoring Companies
Olathe Factoring Companies
Sterling Heights Factoring Companies
New Haven Factoring Companies
Miramar Factoring Companies
Waco Factoring Companies
Thousand Oaks Factoring Companies
Cedar Rapids Factoring Companies
Charleston Factoring Companies
Visalia Factoring Companies
Topeka Factoring Companies
Elizabeth Factoring Companies
Gainesville Factoring Companies
Thornton Factoring Companies
Roseville Factoring Companies
Carrollton Factoring Companies
Coral Springs Factoring Companies
Stamford Factoring Companies
Simi Valley Factoring Companies
Concord Factoring Companies
Hartford Factoring Companies
Kent Factoring Companies
Lafayette Factoring Companies
Midland Factoring Companies
Surprise Factoring Companies
Denton Factoring Companies
Victorville Factoring Companies
Evansville Factoring Companies
Santa Clara Factoring Companies
Abilene Factoring Companies
Athens Factoring Companies
Vallejo Factoring Companies
Allentown Factoring Companies
Norman Factoring Companies
Beaumont Factoring Companies
Independence Factoring Companies
Murfreesboro Factoring Companies
Ann Arbor Factoring Companies
Springfield Factoring Companies
Berkeley Factoring Companies
Peoria Factoring Companies
Provo Factoring Companies
El Monte Factoring Companies
Columbia Factoring Companies
Lansing Factoring Companies
Fargo Factoring Companies
Downey Factoring Companies
Costa Mesa Factoring Companies
Wilmington Factoring Companies
Arvada Factoring Companies
Inglewood Factoring Companies
Miami Gardens Factoring Companies
Carlsbad Factoring Companies
Westminster Factoring Companies
Rochester Factoring Companies
Odessa Factoring Companies
Manchester Factoring Companies
Elgin Factoring Companies
West Jordan Factoring Companies
Round Rock Factoring Companies
Clearwater Factoring Companies
Waterbury Factoring Companies
Gresham Factoring Companies
Fairfield Factoring Companies
Billings Factoring Companies
Lowell Factoring Companies
Ventura Factoring Companies
Pueblo Factoring Companies
High Point Factoring Companies
West Covina Factoring Companies
Richmond Factoring Companies
Murrieta Factoring Companies
Cambridge Factoring Companies
Antioch Factoring Companies
Temecula Factoring Companies
Norwalk Factoring Companies
Centennial Factoring Companies
Everett Factoring Companies
Palm Bay Factoring Companies
Wichita Falls Factoring Companies
Green Bay Factoring Companies
Daly City Factoring Companies
Burbank Factoring Companies
Richardson Factoring Companies
Pompano Beach Factoring Companies
North Charleston Factoring Companies
Broken Arrow Factoring Companies
Boulder Factoring Companies
West Palm Beach Factoring Companies
Santa Maria Factoring Companies
El Cajon Factoring Companies
Davenport Factoring Companies
Rialto Factoring Companies
Edison Factoring Companies
Las Cruces Factoring Companies
San Mateo Factoring Companies
Lewisville Factoring Companies
South Bend Factoring Companies
Lakeland Factoring Companies
Erie Factoring Companies
Woodbridge Factoring Companies
Tyler Factoring Companies
Pearland Factoring Companies
College Station Factoring Companies
Albany Factoring Companies
Allegheny Factoring Companies
Brooklyn Factoring Companies
Camden Factoring Companies
Canton Factoring Companies
Dearborn Factoring Companies
Duluth Factoring Companies
Fall River Factoring Companies
Flint Factoring Companies
Gary Factoring Companies
Hammond Factoring Companies
Kenosha Factoring Companies
Livonia Factoring Companies
Lynn Factoring Companies
Macon Factoring Companies
New Bedford Factoring Companies
Niagara Falls Factoring Companies
Parma Factoring Companies
Portsmouth Factoring Companies
Reading Factoring Companies
Roanoke Factoring Companies
Scranton Factoring Companies
Somerville Factoring Companies
St. Joseph Factoring Companies
Trenton Factoring Companies
Utica Factoring Companies
Wilmington Factoring Companies
Youngstown Factoring Companies
Alabama Factoring Companies
Alaska Factoring Companies
Arizona Factoring Companies
Arkansas Factoring Companies
California Factoring Companies
Colorado Factoring Companies
Connecticut Factoring Companies
Delaware Factoring Companies
Florida Factoring Companies
Georgia Factoring Companies
Hawaii Factoring Companies
Idaho Factoring Companies
Illinois Factoring Companies
Indiana Factoring Companies
Iowa Factoring Companies
Kansas Factoring Companies
Kentucky Factoring Companies
Louisiana Factoring Companies
Maine Factoring Companies
Maryland Factoring Companies
Massachusetts Factoring Companies
Michigan Factoring Companies
Minnesota Factoring Companies
Mississippi Factoring Companies
Missouri Factoring Companies
Montana Factoring Companies
Nebraska Factoring Companies
Nevada Factoring Companies
New Hampshire Factoring Companies
New Jersey Factoring Companies
New Mexico Factoring Companies
New York Factoring Companies
North Carolina Factoring Companies
North Dakota Factoring Companies
Ohio Factoring Companies
Oklahoma Factoring Companies
Oregon Factoring Companies
Pennsylvania Factoring Companies
Rhode Island Factoring Companies
South Carolina Factoring Companies
South Dakota Factoring Companies
Tennessee Factoring Companies
Texas Factoring Companies
Utah Factoring Companies
Vermont Factoring Companies
Virginia Factoring Companies
Washington Factoring Companies
West Virginia Factoring Companies
Wisconsin Factoring Companies
Wyoming Factoring Companies
Best Alabama Factoring Companies
Best Alaska Factoring Companies
Best Arizona Factoring Companies
Best Arkansas Factoring Companies
Best California Factoring Companies
Best Colorado Factoring Companies
Best Connecticut Factoring Companies
Best Delaware Factoring Companies
Best Florida Factoring Companies
Best Georgia Factoring Companies
Best Hawaii Factoring Companies
Best Idaho Factoring Companies
Best Illinois Factoring Companies
Best Indiana Factoring Companies
Best Iowa Factoring Companies
Best Kansas Factoring Companies
Best Kentucky Factoring Companies
Best Louisiana Factoring Companies
Best Maine Factoring Companies
Best Maryland Factoring Companies
Best Massachusetts Factoring Companies
Best Michigan Factoring Companies
Best Minnesota Factoring Companies
Best Mississippi Factoring Companies
Best Missouri Factoring Companies
Best Montana Factoring Companies
Best Nebraska Factoring Companies
Best Nevada Factoring Companies
Best New Hampshire Factoring Companies
Best New Jersey Factoring Companies
Best New Mexico Factoring Companies
Best New York Factoring Companies
Best North Carolina Factoring Companies
Best North Dakota Factoring Companies
Best Ohio Factoring Companies
Best Oklahoma Factoring Companies
Best Oregon Factoring Companies
Best Pennsylvania Factoring Companies
Best Rhode Island Factoring Companies
Best South Carolina Factoring Companies
Best South Dakota Factoring Companies
Best Tennessee Factoring Companies
Best Texas Factoring Companies
Best Utah Factoring Companies
Best Vermont Factoring Companies
Best Virginia Factoring Companies
Best Washington Factoring Companies
Best West Virginia Factoring Companies
Best Wisconsin Factoring Companies
Find The Best Factoring Companies
Government Invoice Factoring Companies
Healthcare Factoring Companies
How Does Freight Factoring Work
Invoice Discounting
Invoice Factoring
Invoice Factoring Broker
Invoice Factoring Companies
Invoice Factoring Rates
Invoice Factoring Reviews
Invoice Factoring Services
Medical Factoring Companies
Medical Staffing Factoring
Oilfield Factoring Companies
Oilfield Services Factoring
Oilfield Services Factoring Companies
Payroll Factoring Companies
Payroll Funding For Staffing Companies
Staffing Agency Factoring Companies
Staffing Factoring
Staffing Factoring Companies
Temporary Staffing Payroll Services
Top Factoring Companies
Top Invoice Factoring Companies
Top Rated Factoring Companies
Factoring Companies Reviews
Accounts Receivable Factoring
Accounts Receivable Factoring Companies
Accounts Receivable Factoring Rates
Accounts Receivable Financing
Accounts Receivable Financing Companies
Accounts Receivable Financing Rates
Best New York City Trucking Factoring Companies
Best Los Angeles Trucking Factoring Companies
Best Chicago Trucking Factoring Companies
Best Houston Trucking Factoring Companies
Best Philadelphia Trucking Factoring Companies
Best Phoenix Trucking Factoring Companies
Best San Antonio Trucking Factoring Companies
Best San Diego Trucking Factoring Companies
Best Dallas Trucking Factoring Companies
Best San Jose Trucking Factoring Companies
Best Austin Trucking Factoring Companies
Best Jacksonville Trucking Factoring Companies
Best Indianapolis Trucking Factoring Companies
Best San Francisco Trucking Factoring Companies
Best Columbus Trucking Factoring Companies
Best Fort Worth Trucking Factoring Companies
Best Charlotte Trucking Factoring Companies
Best Detroit Trucking Factoring Companies
Best El Paso Trucking Factoring Companies
Best Memphis Trucking Factoring Companies
Best Boston Trucking Factoring Companies
Best Seattle Trucking Factoring Companies
Best Denver Trucking Factoring Companies
Best Washington Dc Trucking Factoring Companies
Best Nashville Davidson Trucking Factoring Companies
Best Baltimore Trucking Factoring Companies
Best Louisville Jefferson Trucking Factoring Companies
Best Portland Trucking Factoring Companies
Best Oklahoma City Trucking Factoring Companies
Best Milwaukee Trucking Factoring Companies
Best Las Vegas Trucking Factoring Companies
Best Albuquerque Trucking Factoring Companies
Best Tucson Trucking Factoring Companies
Best Fresno Trucking Factoring Companies
Best Sacramento Trucking Factoring Companies
Best Long Beach Trucking Factoring Companies
Best Kansas City Trucking Factoring Companies
Best Mesa Trucking Factoring Companies
Best Virginia Beach Trucking Factoring Companies
Best Atlanta Trucking Factoring Companies
Best Colorado Springs Trucking Factoring Companies
Best Raleigh Trucking Factoring Companies
Best Omaha Trucking Factoring Companies
Best Miami Trucking Factoring Companies
Best Oakland Trucking Factoring Companies
Best Tulsa Trucking Factoring Companies
Best Minneapolis Trucking Factoring Companies
Best Cleveland Trucking Factoring Companies
Best Wichita Trucking Factoring Companies
Best Arlington Trucking Factoring Companies
Best New Orleans Trucking Factoring Companies
Best Bakersfield Trucking Factoring Companies
Best Tampa Trucking Factoring Companies
Best Honolulu Trucking Factoring Companies
Best Anaheim Trucking Factoring Companies
Best Aurora Trucking Factoring Companies
Best Santa Ana Trucking Factoring Companies
Best St Louis Trucking Factoring Companies
Best Riverside Trucking Factoring Companies
Best Corpus Christi Trucking Factoring Companies
Best Pittsburgh Trucking Factoring Companies
Best Lexington Fayette Trucking Factoring Companies
Best Anchorage Trucking Factoring Companies
Best Stockton Trucking Factoring Companies
Best Cincinnati Trucking Factoring Companies
Best St Paul Trucking Factoring Companies
Best Toledo Trucking Factoring Companies
Best Newark Trucking Factoring Companies
Best Greensboro Trucking Factoring Companies
Best Plano Trucking Factoring Companies
Best Henderson Trucking Factoring Companies
Best Lincoln Trucking Factoring Companies
Best Buffalo Trucking Factoring Companies
Best Fort Wayne Trucking Factoring Companies
Best Jersey Trucking Factoring Companies
Best Chula Vista Trucking Factoring Companies
Best Orlando Trucking Factoring Companies
Best St Petersburg Trucking Factoring Companies
Best Norfolk Trucking Factoring Companies
Best Chandler Trucking Factoring Companies
Best Laredo Trucking Factoring Companies
Best Madison Trucking Factoring Companies
Best Durham Trucking Factoring Companies
Best Lubbock Trucking Factoring Companies
Best Winston Salem Trucking Factoring Companies
Best Garland Trucking Factoring Companies
Best Glendale Trucking Factoring Companies
Best Hialeah Trucking Factoring Companies
Best Reno Trucking Factoring Companies
Best Baton Rouge Trucking Factoring Companies
Best Irvine Trucking Factoring Companies
Best Chesapeake Trucking Factoring Companies
Best Irving Trucking Factoring Companies
Best Scottsdale Trucking Factoring Companies
Best North Las Vegas Trucking Factoring Companies
Best Fremont Trucking Factoring Companies
Best Gilbert Town Trucking Factoring Companies
Best San Bernardino Trucking Factoring Companies
Best Boise Trucking Factoring Companies
Best Birmingham Trucking Factoring Companies
Best Rochester Trucking Factoring Companies
Best Richmond Trucking Factoring Companies
Best Spokane Trucking Factoring Companies
Best Des Moines Trucking Factoring Companies
Best Modesto Trucking Factoring Companies
Best Fayetteville Trucking Factoring Companies
Best Tacoma Trucking Factoring Companies
Best Oxnard Trucking Factoring Companies
Best Fontana Trucking Factoring Companies
Best Columbus Trucking Factoring Companies
Best Montgomery Trucking Factoring Companies
Best Moreno Valley Trucking Factoring Companies
Best Shreveport Trucking Factoring Companies
Best Aurora Trucking Factoring Companies
Best Yonkers Trucking Factoring Companies
Best Akron Trucking Factoring Companies
Best Huntington Beach Trucking Factoring Companies
Best Little Rock Trucking Factoring Companies
Best Augusta Trucking Factoring Companies
Best Amarillo Trucking Factoring Companies
Best Glendale Trucking Factoring Companies
Best Mobile Trucking Factoring Companies
Best Grand Rapids Trucking Factoring Companies
Best Salt Lake City Trucking Factoring Companies
Best Tallahassee Trucking Factoring Companies
Best New York City Freight Factoring Companies
Best Los Angeles Freight Factoring Companies
Best Chicago Freight Factoring Companies
Best Houston Freight Factoring Companies
Best Philadelphia Freight Factoring Companies
Best Phoenix Freight Factoring Companies
Best San Antonio Freight Factoring Companies
Best San Diego Freight Factoring Companies
Best Dallas Freight Factoring Companies
Best San Jose Freight Factoring Companies
Best Austin Freight Factoring Companies
Best Jacksonville Freight Factoring Companies
Best Indianapolis Freight Factoring Companies
Best San Francisco Freight Factoring Companies
Best Columbus Freight Factoring Companies
Best Fort Worth Freight Factoring Companies
Best Charlotte Freight Factoring Companies
Best Detroit Freight Factoring Companies
Best El Paso Freight Factoring Companies
Best Memphis Freight Factoring Companies
Best Boston Freight Factoring Companies
Best Seattle Freight Factoring Companies
Best Denver Freight Factoring Companies
Best Washington Dc Freight Factoring Companies
Best Nashville Davidson Freight Factoring Companies
Best Baltimore Freight Factoring Companies
Best Louisville Jefferson Freight Factoring Companies
Best Portland Freight Factoring Companies
Best Oklahoma City Freight Factoring Companies
Best Milwaukee Freight Factoring Companies
Best Las Vegas Freight Factoring Companies
Best Albuquerque Freight Factoring Companies
Best Tucson Freight Factoring Companies
Best Fresno Freight Factoring Companies
Best Sacramento Freight Factoring Companies
Best Long Beach Freight Factoring Companies
Best Kansas City Freight Factoring Companies
Best Mesa Freight Factoring Companies
Best Virginia Beach Freight Factoring Companies
Best Atlanta Freight Factoring Companies
Best Colorado Springs Freight Factoring Companies
Best Raleigh Freight Factoring Companies
Best Omaha Freight Factoring Companies
Best Miami Freight Factoring Companies
Best Oakland Freight Factoring Companies
Best Tulsa Freight Factoring Companies
Best Minneapolis Freight Factoring Companies
Best Cleveland Freight Factoring Companies
Best Wichita Freight Factoring Companies
Best Arlington Freight Factoring Companies
Best New Orleans Freight Factoring Companies
Best Bakersfield Freight Factoring Companies
Best Tampa Freight Factoring Companies
Best Honolulu Freight Factoring Companies
Best Anaheim Freight Factoring Companies
Best Aurora Freight Factoring Companies
Best Santa Ana Freight Factoring Companies
Best St Louis Freight Factoring Companies
Best Riverside Freight Factoring Companies
Best Corpus Christi Freight Factoring Companies
Best Pittsburgh Freight Factoring Companies
Best Lexington Fayette Freight Factoring Companies
Best Anchorage Freight Factoring Companies
Best Stockton Freight Factoring Companies
Best Cincinnati Freight Factoring Companies
Best St Paul Freight Factoring Companies
Best Toledo Freight Factoring Companies
Best Newark Freight Factoring Companies
Best Greensboro Freight Factoring Companies
Best Plano Freight Factoring Companies
Best Henderson Freight Factoring Companies
Best Lincoln Freight Factoring Companies
Best Buffalo Freight Factoring Companies
Best Fort Wayne Freight Factoring Companies
Best Jersey Freight Factoring Companies
Best Chula Vista Freight Factoring Companies
Best Orlando Freight Factoring Companies
Best St Petersburg Freight Factoring Companies
Best Norfolk Freight Factoring Companies
Best Chandler Freight Factoring Companies
Best Laredo Freight Factoring Companies
Best Madison Freight Factoring Companies
Best Durham Freight Factoring Companies
Best Lubbock Freight Factoring Companies
Best Winston Salem Freight Factoring Companies
Best Garland Freight Factoring Companies
Best Glendale Freight Factoring Companies
Best Hialeah Freight Factoring Companies
Best Reno Freight Factoring Companies
Best Baton Rouge Freight Factoring Companies
Best Irvine Freight Factoring Companies
Best Chesapeake Freight Factoring Companies
Best Irving Freight Factoring Companies
Best Scottsdale Freight Factoring Companies
Best North Las Vegas Freight Factoring Companies
Best Fremont Freight Factoring Companies
Best Gilbert Town Freight Factoring Companies
Best San Bernardino Freight Factoring Companies
Best Boise Freight Factoring Companies
Best Birmingham Freight Factoring Companies
Best Rochester Freight Factoring Companies
Best Richmond Freight Factoring Companies
Best Spokane Freight Factoring Companies
Best Des Moines Freight Factoring Companies
Best Modesto Freight Factoring Companies
Best Fayetteville Freight Factoring Companies
Best Tacoma Freight Factoring Companies
Best Oxnard Freight Factoring Companies
Best Fontana Freight Factoring Companies
Best Columbus Freight Factoring Companies
Best Montgomery Freight Factoring Companies
Best Moreno Valley Freight Factoring Companies
Best Shreveport Freight Factoring Companies
Best Aurora Freight Factoring Companies
Best Yonkers Freight Factoring Companies
Best Akron Freight Factoring Companies
Best Huntington Beach Freight Factoring Companies
Best Little Rock Freight Factoring Companies
Best Augusta Freight Factoring Companies
Best Amarillo Freight Factoring Companies
Best Glendale Freight Factoring Companies
Best Mobile Freight Factoring Companies
Best Grand Rapids Freight Factoring Companies
Best Salt Lake City Freight Factoring Companies
Best Tallahassee Freight Factoring Companies
Account Receivable Factoring
Account Receivable Finance
Account Receivable Financing
Account Receivable Funding
Account Receivables Factoring
Account Receivables Financing
Accounts Receivable Buyers
Accounts Receivable Factor
Accounts Receivable Factoring
Accounts Receivable Factoring Companies
Accounts Receivable Factoring Rates
Accounts Receivable Financing
Accounts Receivable Financing Companies
Accounts Receivable Financing Rates
Accounts Receivable Lending
Accounts Receivable Loans
Accounts Receivables Finance
Accounts Receivables Lending
An Accounts Receivables Loan
Best Factoring Companies
Best Factoring Companies For Small Businesses
Best Invoice Factoring Company
Best Rated Factoring Companies
Business Accounts Receivable Loans
Buy Accounts Receivable
Buy Receivables
Commercial Factoring
Construction Factoring Companies
Factoring
Factoring Broker
Factoring Brokers
Factoring Business
Factoring Companies Brokers
Factoring Companies Reviews
Factoring Company
Factoring Company Rates
Factoring Finance
Factoring Financial Services
Factoring Financing
Factoring Funding
Factoring Invoice
Factoring Invoices
Factoring Loan
Factoring Loans
Factoring Receivables
Factoring Receivables Companies
Factoring Service
Factoring Services
Factoring Small Business
Find The Best Factoring Companies
Government Invoice Factoring Companies
Healthcare Factoring Companies
How Does Freight Factoring Work
Invoice Discounting
Invoice Factoring
Invoice Factoring Broker
Invoice Factoring Companies
Invoice Factoring Rates
Invoice Factoring Reviews
Invoice Factoring Services
Invoice Financing
Invoice Funding
Largest Factoring Companies
Largest Freight Factoring Companies
List Of Factoring Companies
Medical Factoring Companies
Medical Staffing Factoring
Oilfield Factoring Companies
Oilfield Services Factoring
Oilfield Services Factoring Companies
Payroll Factoring Companies
Payroll Funding For Staffing Companies
Receivable Factoring
Receivable Factoring Companies
Receivable Factoring Rates
Receivable Financing
Receivable Funding
Receivable Lending
Receivable Loan
Receivables Factoring
Receivables Factoring Companies
Receivables Factoring Rates
Receivables Factoring With Recourse
Sale Of Accounts Receivable
Sale Receivables
Sell Account Receivables
Sell Receivables
Sell Your Accounts Receivable
Staffing Agency Factoring Companies
Staffing Factoring
Staffing Factoring Companies
Temporary Staffing Payroll Services
Top Factoring Companies
Top Invoice Factoring Companies
Top Rated Factoring Companies
We provide services for companies and industries
in every state including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut,
Delaware, Florida, Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky,
Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri,
Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico,
New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon,
Pennsylvania, Rhode Island, South Carolina, South Dakota,
Tennessee, Texas, Utah, Vermont, Virginia,
Washington, West Virginia, Wisconsin, and Wyoming
You Can Find More Information at
Contact
Why A Factoring Company
Factoring Company History
Credit Risk
Switching Factoring Companies
How a Factoring Company works
Is A Factoring Company For You
Factoring Company Benefits
City State Sitemap
City Sitemap
State Sitemap
Trucking Industry Sitemap
xml Sitemap