Are customer invoices past due? Are clients paying late or not at all? Transportation factoring companies provide the service of providing financial advances based upon those past due invoices. Transportation factoring companies collect a fee for the service of chasing down clients, similar to the way that a collections company would work.
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