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.
Successful businesses know how to harness financial statement data. But for transport carriers, government deregulation of the industry has made it hard to come by standardized facts and figures for decision making. Jerry Noonan, CPA and founder of CarrierNet, [...]
As a business owner, you know cash on hand allows you to invest in new equipment, pay expenses and even negotiate more favorable terms. But operating a successful business is more than just having cash on hand. Organized management [...]
