The Cheapest Truck Factoring Fee is Always The Best Choice is It Really?

The Cheapest Truck Factoring Fee is Always The Best Choice is It Really

The Cheapest truck Factoring Fee is Always The Best Choice Is It Really?

Our truck dispatcher will help you sected the best factory company of your choice

We have worked with a lot of factoring companies over the years; and have referred a lot of carriers to factoring companies to ensure they have the cash flow needed to keep their trucks rolling.

Over the past few years, many large factoring companies have chosen to compete strictly based on cheap factoring fees. At least that is the appearance. But, when you peel back the layers of the deal, you start to see hidden fees that ratchet up the overall money cost, way beyond what your salesperson represented in their pitch and proposal.

The reality is – you need a partner that is going to come alongside your business and help your business succeed.

Success doesn’t come cheaply. Neither can your factoring partner offer you the services, products and tools, on the cheap, that your business needs to compete well and succeed.

If you are talking to a factoring company that offers super low fees, ask them what else they will do for you to help your business thrive and achieve success and longevity. all they can offer is cheap money and the same services as all the other factoring companies, then maybe cheap isn’t what you need. they can’t offer:

The Cheapest Trucking Factoring Fee is Always The Best Choice is It Really

  • Tools to create efficiencies in how you run your business
  • Service team that proactively communicates with you about your account
  • Data products to help you find the most favorable markets and lanes
  • Integrated load board to help find available freight in those favorable markets and lanes
  • Financing to help expand your fleet and/or retire aging equipment
  • Team of seasoned advisors to offer guidance to help navigate the complexities of trucking
  • A fuel card that can really help manage and reduce your second largest operating expense

And, if they aren’t about helping your business succeed, then cheap doesn’t help. Our friends at Express Freight Finance are all about helping their carrier partners succeed. They actually do offer the features called out above. If cheap is all you are looking for, then know that’s all you will get. If, however, it’s important for you to have a partner that offers reasonably priced factoring, with the items called out above, then reach out to our friends at Express Freight Finance. truck dispatch usa



Truck Factoring your freight bills

TruckFactoring your freight bills is a great way to ensure you will have the cash flow needed to meet your business’s financial obligations on time. Factoring your freight bills can:

  • Provide steady, predictable cash flow

  • Enable you to pay your bills on time

  • Help improve driver retention

  • Help build your business credit

  • Reduce non-payment on invoices




WHAT DOES TRUCKS DISPATCH SERVICES NEED FROM ME TO GET STARTED?


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MC #’s can be acquired from the FMCSA

Since ‘Uncle Sam’s likes accurate records being kept, we make sure to dot all of our i’s and cross all of our t’s.

This is the minimum requirement. If you’d like to have more peace of mind with higher coverage, that’s fine by us.

This is a common practice for shippers, brokers and dispatchers alike.

In order to make sure all safety and compliance ordinances by the government are being met, we need to keep accurate records.



Industry Trends

Industry TrendsWEEKMONTHYEAR
Spot Market Loads +10% +46% +92%
Spot Market Capacity -1.5% +12% +1.7%
Van Load To Truck +11% +30% +98%
Van Rates(spot) +0.0% +0.6% +7.2
Flatbed Load To Truck +20% +38% +109%
Flat Rates(spot) +0.0% +3.6% +9.1%
Reefer Load To Truck +2.4% +31% +109%
Reefer Rates (Spot) +0.0% +0.5% +5.1%
Fuel Prices +0.6% -0.6% +22%


Todays Rates


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