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Recourse vs. Non-Recourse Factoring

recourse vs nonrecourse factoring

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

Reefer Freight: What It Is, Pros and Cons

reefer freight

If you’ve been around trucking for a little while now, or even if you’re just starting, you’ve heard the term “reefer freight.” Reefer freight is one of the pillars of the trucking industry. A large percentage of the transport trucks running across the highways are reefer trucks. What is reefer freight? The “reefer” in reefer freight

11 Factors That Influence Freight Shipping Costs

freight shipping costs

In an industry so large, you might think there would be a freight shipping cost standard. But there isn’t one. Because freight shipping costs depend on so many factors, getting an accurate freight shipping estimate is surprisingly complicated. Part of it is the regional nature of shipping. Some carriers serve specific regions or shipping lanes

How to Get More Owner-Operator Loads

owner operator loads

As many as 400,000 owner-operators are driving on America’s roads. One of the most important parts of being a successful owner-operator is getting a steady flow of loads. Figuring out how you’ll get owner-operator loads can greatly impact how much you can earn regularly, and it isn’t always easy. If you’re starting as an owner-operator,

6 Best Trucker Trip Planners for 2021

best truck trip planners for 2021

Truckers must accomplish many tasks every single day. They have client deadlines to meet for shipping but must also stay safe on the road, make sure their truck is maintained and operating at peak efficiency, and they must also take time for self-care. That’s where a good trucker trip planner comes in. But creating an

Freight Broker Salary: How Much Do Brokers Make Each Year?

freight broker salary

Unlike many salaried jobs in the United States, freight broker income is harder to determine. That’s because there are several ways a freight broker can be employed and get paid. The location also has a huge impact on freight broker salary.  Looking online, freight broker incomes range widely from $42,926 (payscale.com) to $93,618 per year (indeed.com).

6 Steps to Get a Freight Broker License

6 Steps to get a freight broker license

If you want to act as a freight broker, matching goods that need to be shipped with trucking companies that do the shipping, you will need a freight broker license, AKA a load broker license. Freight brokers are regulated by the Federal Motor Carrier Safety Administration (FMCSA), and the requirements can be confusing. Fortunately, all

15 Steps to Start a Hotshot Trucking Business

how to start a hot shot trucking business

What is hotshot trucking? At its simplest, hotshot trucking means hauling smaller (less-than-truckload or LTL) loads. They are often time-sensitive and usually delivered to a single destination. For example, if a construction company needs a specific piece of equipment delivered from one job site to another, they will often “hotshot” it, hiring a driver to