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Freight Benchmark Study Shines Spotlight on Shipper Payment Practices

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.

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Topics: Freight Factoring, Freight Benchmark Study

What Is Freight Factoring?

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.

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Topics: Freight Factoring

Thunder Funding and 123Loadboard Form Strategic Partnership

123Loadboard and Thunder Funding Announce Partnership To Fund Freight Carriers Who Find Loads on 123Loadboard's Web and Mobile App Platform. 
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Topics: Freight Factoring, Press Release, 123Loadboard