Being successful today is a challenge. In fact, as companies of all size deal with the health and economic challenges of the Coronavirus there are many kinds of companies that are struggling to fill the gap between the expenses they are incurring and the payments they hope to receive. Even the sharp increase in the number of deliveries a company has to make and the number of drivers they need to employ, as well as the trucks they need to purchase, requires an initial substantial investment. And while the payments will eventually come in for those increased shipping deliveries, it is important to note that many times the expenses are realized weeks, and sometimes months, before payments are made.
Fortunately with the use of digital billing systems and collection payments that do not need to rely on the pace of snail mail there are ways to lessen the gap between the time a company has to make investments in equipment, fuel, and employee salaries and when customers remit their payment
Over the past ten years, a new section of the economy has come forth and is now dominating the world of transportation and goods. Right now, e-commerce is taking the United States and the globe by storm. As a result, it is time for businesses to invest in transportation factoring companies or a factoring service for trucking.
Across the United States, a staggering number of 12 million trucks and other vessels help move goods from one destination to another. These methods of transportation are vital to the lives of many Americans and yet, they are often overlooked. Therefore, the true value of factoring service for trucking is not understood. However, anyone that that works in the transportation industry has an understanding of what is a factoring company?
The Federal Motor Carrier Safety Administration gathers data in regards to transportation workers and more. Their information suggests that there are an impressive 6 million commercial motor vehicle drivers working in the Un