There are over 12 million trucks, vessels, and rail cars that are moving freight around the globe. Many of those freight companies rely on a freight broker factoring program for factoring financing to keep moving. A freight broker factoring program is an option to ensure that the positive cash flow keeps coming in. Having the…
Category: Transportation factoring companies
Understanding How Freight Factoring Services Work
Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network. All of these translates to invoices at the end of the delivery which takes about 90 days to be paid. While some trucking companies are patient enough to wait for the invoice to mature, others are considering keeping their cash…
