It helps boost cash flow, but carriers need to do their homework before fully jumping into a freight factoring arrangement.
Many trucking companies – especially small to medium-sized carriers – use freight factoring to help generate faster cash flow, especially as the payment terms for many freight brokers and shippers can be as long as 30 days or more. But what are the hallmarks of “good” factoring firms? And do you fully understand the financial “lingo”?more
The Commercial Vehicle Safety Alliance (CVSA) has published the results of its annual, unannounced brake check day on May 4, part of its Operation Airbrake program. CVSA-certified inspectors in 31 participating U.S. states and Canadian provinces and territories checked brakes on 6,128 commercial motor vehicles.more