Are your slow-paying customers bogging your freight company down? As you probably know, trucking customers generally submit payment around 30 to 45 days after delivery.
Are your slow-paying customers bogging your freight company down? As you probably know, trucking customers generally submit payment around 30 to 45 days after delivery.
Topics: Freight Factoring
The Journal of Commerce (JOC) recently released a freight payment benchmark study that examines the payment, invoicing, and related administrative practices of the shipper community.
Topics: Freight Factoring, Freight Benchmark Study
Freight factoring is a popular form of financing in the trucking industry that converts unpaid invoices into immediate cash for fleets for a small fee. Thus, fleet owners have the funds they need to pay for fuel, their truck drivers, vehicle repairs, and more. For example, Thunder Funding is a freight factoring company and we buy invoices for freight that you’ve already delivered. In a nutshell, this is cash that is advanced to you based on your accounts receivables. Our freight factoring services ensure steady cash flow so that you can keep your trucks rolling.
Topics: Freight Factoring
Topics: Freight Factoring, Press Release, 123Loadboard
