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Recourse vs. Non-Recourse Factoring

Factoring written on a notebook.

Invoice factoring is the practice of “selling” your invoices, or accounts receivables, to a company that then pays you right away for that invoice, minus a fee. This helps you increase cash flow to pay bills, finance operations, take on new business, and handle business expenses as they come up. Factoring companies may also handle

Freight Factoring: What is it and how does it work?

A Truckstop.com user reviewing factoring on the Truckstop.com App while standing in front of a flatbed trailer..

Running a modern freight company takes a lot of work, and you have to do a lot more than just perform owner or manager duties, which are by themselves significant. You’re also your own human resources department, marketing department, and accountant. Freight factoring (AKA load factoring) makes that last job a little easier by helping

Freight Invoicing: Pricing Factors and Best Practices

Carrier on his laptop

Having an efficient process for generating freight invoices will help you get paid faster. Getting paid faster means carriers can concentrate more on booking freight and delivering loads rather than racking up hours creating invoices and tracking down payments. We’ll explain some of the key elements that make up a freight invoice and the level of detail

The Facts About Factoring: Debunking the Myths

what is freight factoring

The factoring business isn’t always well understood and even gets a bad rap in some instances. But why is this? The act of factoring a load helps a carrier in so many different ways, you’d think that everyone would be excited about factoring companies. Today we’re going to be debunking some of the most common