Late last year I was approached by a national company soliciting services to manage UCC filings on behalf of our company. In addition to some very reasonable monitoring services, one of the pitches of this UCC representative’s offer was to use “as a representative” as the secured party.
When determining which factoring company you want to use do your due diligence and check everything out when making this important decision. This is your business we are talking about! READ the Contract. ASK questions before you sign any [...]
There is no doubt that technology is all around us and we use it every day. We also know that it is constantly changing with government mandates like ELD’s to track hours of service and the various apps of [...]
When running a company of any size, making sure you are maximizing the value of all your assets has a huge impact on your profitability. It is easy to think about your Truck and Trailer as assets, but [...]
When a disaster hits, we all want to do our part to help. One way that truckers can give back is to help deliver the FEMA (Federal Emergency Management Agency) loads heading to the natural disaster. When this happens, there [...]
As an Account Manager, I work with about 75 to 100 different businesses. Every day is different, but I always know that I will get a glimpse into their work, whether that's hearing about an interesting load or a [...]
A cash reserve for a business is what a personal savings account is for an individual: a pool of savings to draw on when unexpected financial issues arise. A cash reserve can be the difference between going out of business [...]
Transportation Factoring companies are financial institutions that buy a carrier’s receivables, take ownership of the invoice, and then collect on the amount due to provide the carrier immediate liquidity to fund their day-to-day operations. This transaction can yield cash within [...]
Factoring companies have two primary types of agreements when it comes to funding your freight bills: recourse and non-recourse factoring. There are pros and cons to both types of agreements. As a client of a factoring company, you must [...]
Currently, no uniform system of record keeping is available for the freight industry. While there are hundreds of computerized records keeping systems for transport carriers, the vast majority have no uniform system of cost accounts for yielding financial data to make freight pricing decisions.