factoring

AscendTMS software free to DAT carrier users

Dispatch tools, rate indices, access to factoring, full load board functionality and more are available to current DAT TruckersEdge, Express and Power users via the AscendTMS operations-management software and its integration with DAT.

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Trucker Path secures funding for factoring service

The company’s InstaPay factoring service, which launched in 2016 and is available in its Truckloads mobile app, allows drivers to upload photos of their bills of lading and rate confirmations to get paid within one to two business days at a 3.5 percent flat factoring rate.

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TBS Factoring goes paperless

The company has implemented a paperless system for its fast-cash invoice-factoring core service, and also celebrated its 10,000th client, hotshot hauler Larry McNeil, with recognition and a few extras.

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Fuel discounts, compliance assistance, more available with new Comdata small fleet program

With the new program, smaller fleets can take advantage of pre-negotiated discounts on fuel, hotel stays and scale weighs, options for establishing credit, factoring services, short-term micro-load accounts for over-the-road purchases and more.

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Factoring in the factoring

"Factoring has always been made out to be a dirty word to me. As I mentioned before, we've had no direct experience with it, so I kind of listened to the whispers and grunts about how awful it is. The truth is ..."

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New in-house load board, more from TBS factoring

TBS Factoring Service, increasingly fashioning itself as a one-stop shop for both cash flow and compliance solutions, is adding finding loads and saving money on fuel to the services available to customers.

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‘Highway hospitality’ the key to Love’s continued expansion

The Oklahoma City-based company opened more than 20 new locations in 2015 and announced in January it plans to open more than 40 new stores in 2016.

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Alternative to factoring launches

Unlike traditional bank lending and factoring arrangements, BamWire doesn't require personal guarantees and lets clients retain ownership and control of their receivables. Trasaction fees, interest charges make up costs.

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Apex launches ‘mobile factoring’

The Apex Capital factoring company launched its eponymous mobile-factoring app this week for Android and iOS devices.

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Love’s now offering freight factoring; low rates, free remote processing

Love's has introduced Love's Financial, which will offer factoring services for drivers. Love's says it will pay within 24 hours, allowing drivers to get money for loads before shippers would have paid them.  The new service is designed to help drivers manage their business and cash flow through flexible cash management products with lower transaction fees. Factoring is different than a loan, meaning drivers won’t incur debt and it comes without the same level of credit restrictions, ...

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