Understanding the Value of Your Tires & Casings
When running a company of any size, making sure you are maximizing the [...]
What is a Cash Reserve?
A cash reserve for a business is what a personal savings account is for an [...]
Recourse vs. Non-Recourse Factoring
Factoring companies have two primary types of agreements when it comes to funding your [...]
Cash is King: Tips on Making it Work for You
As a business owner, you know cash on hand allows you to invest in [...]
Top 5 Pitfalls Transport Carriers are Facing
Successful businesses know how to harness financial statement data. But for transport carriers, government deregulation [...]
The Deceiving Art of the Third-Party Filer
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.
An Account Manager that Knows Your Business Makes the Difference
As an Account Manager, I work with about 75 to 100 different businesses. Every [...]
How to Avoid Being Mislead by a Factoring Company
When determining which factoring company you want to use do your due diligence and [...]
What is Transportation Factoring?
Transportation Factoring companies are financial institutions that buy a carrier’s receivables, take ownership of the [...]
Accurate Recordkeeping Impacts Your Cashflow
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.
What to Consider When Taking a FEMA Load
When a disaster hits, we all want to do our part to help. One way [...]
Technology in Trucking
There is no doubt that technology is all around us and we use it [...]