Equipment
Business
Regulations
Life
Custom Rigs
Gear
Tag: factoring
Business
Factoring competitors team up with low-rate offer as āpandemic protectionā
TBS Factoring Service and OTR Capital are offering a 2.5% nonrecourse rate to those not currently factoring as āpandemic protection.ā In other news: Two men were sentenced for their roles in a CDL testing scheme. Arizona DOT has expanded its weigh-in-motion technology for trucks.
June 25, 2020
Business
How load factoring companiesā diverse services help some fleets grow
Factoring companies can be effective tools for small fleet growth as an outsourced back office. Find growth rates for factoring versus non-factoring fleets.
June 18, 2020
Business
Sharing risk: Load factoring offers strategic value amid economic contraction
In the current economic environment, factoring companies can be more valuable partners than usual for risk management. Read more here on Overdrive.
June 15, 2020
Business
Owner-operatorsā cash flow crisis: Borrowing outside of SBA, other debt-relief strategies
Lending resources & other strategies to help owner-operators and small fleets manage a cash-flow crisis, whether or not caused by coronavirus-impacted economy.
June 11, 2020
Channel 19
New partnership harnesses factoring, freight tools
The partnership will offer Trucker Tools' predictive freight load matching in OTR Capital's customer portal, among various support tools. Details on Overdrive.
May 19, 2020
Voices
POLL: Do you employ a factoring company for collections assistance?
Factoring has been on the rise over the course of the last decade, per Overdriveās prior reporting, though payment speed has to, as a general rule. How often do you use a factoring, if at all? Weigh in here.
May 8, 2020
Business
How to vet brokersā credit before taking a load
It's important to vet the credit risk you're taking to prevent getting stuck with the load with no compensation. Here's how.
March 17, 2020
Business
News roundup, Oct. 7: New app from factoring company, Citgard now at Pilot Flying J, breast-cancer awareness from Diesel Laptops
The new FreightCheck app is designed to allow owner-operators to upload their load documents for invoicing and submit them for funding directly from their phone. PFJ is now selling Citgard 600 15W-40 and Citgard 700 Synthetic Blend 10W-30 lubricants.
October 7, 2019
Channel 19
Cash flow, freight strategies: Report from the GATS panel of independents, small fleets
PIB small fleet panel at GATS: Substantial profit can be hard-won in the trucking business, though with diligence around business analysis and cash flow, cost control, freight market wisdom and customer relationships, an independent owner-operator or small fleet owner can set themselves up for long-term success.
August 27, 2019
Business
Caution urged regarding deceptive factoring practices
A common tactic is to offer initial low or zero percent interest rates, but with contract language authorizing high rates later. Another is to make low rates contingent on a practice that is hard to maintain, such as submitting monthly operating statements, so that most every client will fail and trigger exorbitant fees.
August 26, 2019
Business
NextLoad boardās new freight source
Apex Capital, well-known for its factoring business and parent company of the NextLoad.com load board, has partnered with the Navigator TMS provider to give truckers and trucking companies using NextLoad direct access to premium loads from Navigator.
July 31, 2019
Business
TBS Factoring on target for record year
While TBS is mostly closely focused on transportation factoring, its growth has also been spurred by an increased focus on construction-vendor financing.
November 27, 2018
Page 1 of 3
Next Page