![]() ![]() Your trucking company will choose a factoring company and sign a contract. What is freight factoring?įreight factoring is a common financial transaction where a trucking company sells its accounts receivables to a third party (factoring company) at a discount. 9 Common Questions About Freight Factoring 1. Luckily, with financing solutions like freight factoring, our customers can get the cash they need to pay their company expenses. While you can try to cut back on your trucking company expenses by purchasing a cheaper tire, it may not last as long.Īs you know, there are many other trucking company expenses, but the four listed above were the most common ones our customers think about. Tires: Just like there are for your car, trucks have different levels of tires.Repairs: Our customers stated that motor and transmission repairs are their biggest worry when it comes to trucking company expenses.According to an article by the department is providing funding for a $1.5-million project between Bridgestone Americas and PPG that will focus on improving the fuel efficiency of truck radial tires. Department of Energy also realizes fuel is a big expense. Fuel: No matter if the price of fuel is high or low, this is still one of the biggest trucking company expenses.Factoring eliminates that stress and covers the expense. Countless fleet owners have laid awake at night wondering how they’re going to meet payroll in a couple days. Payroll: Meeting payroll is one of the biggest stresses of running a trucking fleet.The majority of the answers were fuel, repairs and tires. We asked our freight factoring customers what some of the trucking company expenses they think are the most significant. Home > TCI Insights > Freight Factoring Helps With Trucking Company Expenses Freight Factoring Helps With Trucking Company Expenses July 1, 2020
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