Month: December 2010

Categories
Freight Factors

Factor Loads: Factoring Solutions

Freight Factoring is a process by which the trucker can be paid immediately after delivering the load he has just transported. Independent truck drivers or smaller companies hire a factoring company to handle the collections on invoices. The factoring Company pays a portion or full amount of the freight bills minus their fees up front. Sometimes the factoring company holds the remainder in an escrow account, which cannot be touched until the company gets the receivables. This gives the trucker the needed cash for expenses he has incurred or will incur on the way home or to haul another load. The factoring company is then responsible for collecting on the bill. It might incur hiring legal help to collect on this debt or the customer may not pay for months at a time. By having a factoring company to handle all this, the independent trucker is free to get back on the road with further assignments.
Factor Loads factoring company is not a bank. They know it is important to keep truckers on the road. It is important to have a factoring company who understands how your business works otherwise they could not handle the finances of your business properly. Factor Loads is a master in the field because it is set up by the industry experts. They decided to fill the need of fellow truck drivers and owner operators like themselves.
The account management program offered by Factor loads can be found on their website and viewed at any time to keep the record of the account anytime you require.
The company offers non-recourse factoring programs that are mostly focused on owner-operators and small trucking companies. With non-recourse factoring, you will be paid on the same day the freight is factor through Factor Loads. You need not fear of the losses if the customer pay or does not pay as the bad debts will not be reverted to you.
Benefits of working with Factor Loads as compared with traditional freight factoring companies is that Factor load provides customized factoring service which is based on customer by customer and load by load. This will enable you to transact your reliable customers yourself and others you can get factored. You can access the database of your customers which are pre-approved. The factoring company will make the process very convenient for you with no freight bills requirement, no hidden fees and no monthly minimum bills to be factored. It is ideal for owner-operators and small carriers who are unable produce same volumes every month. Larger companies can use the services in the time of deficit.
The company offers new incentives as the fuel and maintenance discounts for your carriers. The spot factoring feature of the Factor Loads will help you to concentrate on the key areas of your business. This will give you the liberty of which invoice is to be factored at what time to maintain the efficient cash flow to your business. By factoring with Factor Loads you also get a complimentary loadboard account to ensure owner operator job flows.

Categories
Freight Factors

A Trusted Name in Freight Factoring

With the economic uncertainty today, getting the payment for the work you have done is really important. The easiest and the safest way to get the payment in the trucking industry today is through factoring. When considering freight factoring let us discuss the factoring services by 1st Commercial Credit LLC. This is the most reliable and best factoring services providing company in the United States.

A brief on what freight factoring is? Freight factoring is basically for the truckers or the trucking business. These truckers can immediately get the payment after completing their work through freight factoring even if the shippers who are using the trucking facilities have not paid the shipment charges. The freight factoring company releases funds for the carriers by purchasing invoices of the shipping company. Therefore, the interruption of cash flow is avoided for the survival and growth of the trucking business.

Choosing 1st Commercial Credit LLC as the Freight Factoring Company for You

Logistics and Freight Factoring have become so popular that you can easily get a good factoring service online. Online freight factoring company provides fast and efficient processing with minimum paper work. This way you save both time and money.

1st Commercial Credit is an online freight factoring company providing financial assistance to many owner operators, small and medium fleet businesses. The company is the largest of its kind providing varied asset based financial services such as equipment leasing, freight factoring, inventory financing and purchase order funding for new as well as old businesses.

1st Commercial Credit is expert in judging the capacity of your business and the long haul charges according to it. The company will provide funding for the fuel, maintenance, repair and other related charges of the trucks being used. This will avoid taking loans for such issues by the small businesses and owner operators. With the factoring and financial services by 1st Commercial Credit, the truckers will not suffer loss when the payment is delayed by the shippers.

1st Commercial Credit doesn’t require any financials and provides the factoring facility at a very affordable rate of 1.59% for 30 days for all sized trucking companies. The company provides free credit checks and facilitates the credit checking with in 15 minutes for new loads. There are no administration charges and application fees when you transact with 1st Commercial Credit. Broker and customer references are also provided on request. The initial funding is set up by the company in just 3 to 5 working days. The company would provide same day funding to the shippers and brokers who are already credit approved. Containerized freight and Intermodal hauling is also factored by the company.

Thus we see that 1st Commercial Credit is the company that knows in and out of the trucking industry and can assist in providing cash flow to your business instantly. Your long stuck freight bills can now be cleared within 24 hours and you can also indulge to haul more loads with increased cash flow. The factoring service of this company can be availed for businesses with just 1 truck to the one with more than 2000 trucks. The factoring amount per month ranges from $5000 to $10 million.

Categories
Business

Quick Transport Solutions

QuickTSI offers its customers a valuable means of out-sourcing their transportation. QuickTSI can act as an extension of your company’s carrier logistic management program streamlining your work and lowering your business costs. QuickTSI expertise lies in ensuring your freight is delivered on-time, every time.

Our mission is to provide our customers with the highest level of service and professionalism. QuickTSI offers new solutions for today’s logistic challenges. At QuickTSI, we’re changing the way companies look at transportation with service that meets your needs today…and tomorrow.

Our corporate vision is to provide excellent service to our customers and make sure the truckload and LTL freight we are managing delivers on time. We always explore innovative ways to lower your freight costs. Our market focus is the larger volume full TL (TruckLoad) and LTL(Less Than Truckload) shipments. Our commitment is to maintain the highest possible standards of service in every aspect of our business.

Commitment to Quality: The quality of the service that Quick Transport Solutions offers is the key factor in our continued success. Our commitment to quality is reflected in our highly committed team, who serve customers that are looking for the highest quality in terms of relationships and requirements. We believe that, in a fast changing transportation industry, our customers need a safe pair of hands into which they can entrust their business. Our forward-looking and dynamic approach means that we never stand still. We constantly review and develop our services to match our customers’ needs and expectations.

Quick Transport Solutions Phone 510-887-9300

Quick Transport Solutions Fax 510-280-7284

Dispatch: [email protected]
Billing: [email protected]
Sales: [email protected]
General: [email protected]
Categories
Business Lifestyle

TruckerTwotimes

Great source for trucking news and information from a real owner operator.

Visit: http://www.truckertwotimes.com/

Facebook: http://www.facebook.com/pages/The-TruckerTwotimes-Show/132032359484?v=wall

Categories
Business Freight Factors

Factor with Freight Check

Freight Check is the company that aids in freight factoring. The company provides fast and reliable solutions in the line. The professional and well trained staff at Freight Check makes the freight factoring experience for you a pleasant one. There are a number of features that make Freight Check shine among its competitors:

1.       Freight Check holds expertise in serving Small Trucking Companies and Owner Operators. It helps the newly started company to get introduced to new reliable brokers; they will provide the required credit to take care of the initial start up of the business. An accountant service can also be availed to maintain your business accounts. The online credit check and reports help you to control everything that is factored.

2.       The cash requirement is met immediately with the same day funding feature by the Freight Check. When the bill is purchased the complete payment against the bill is done, unlike other factoring companies which hold the part of the funds in reserve account. The fee applied for bills purchasing is same for all the bills and the money against the bills is deposited to the Comcheck directly or over the phone.

3.       The Freight Check provides you with your Comchek cards for free. This card can be issued to your company or your truck drivers. The card will help you keep track of all the transactions that are done with the card like ATM withdrawals, debit transactions, phone calls etc.

4.       The company provides you the flexibility to choose a certain broker of which all the freight bills are automatically factored by the Freight Check in future, unless you stop the process. The Account Management center of this factoring company also provides credit information of all important brokers so that you can be aware of the broker you will be hauling for.

5.       There is no minimum and maximum limit that should be factoring every month.

6.       The Freight Check also provides complete administration support such as correspondence, invoicing, fuel cards entry, accounts and reporting.

7.       There is no close ended contract like for 6 months or 1 year when you use the Freight Check factoring services.

8.       No debt is created only the amount equal to the bills receivables is paid to you. The process only helps you get your money quickly and there is no need for owner operators to wait for 30-60 day periods.

9.       The factoring service is non-recourse.

How to avail the factoring service of Freight Check?

The quick and efficient way to get the funds receivable in your hand within the same day you submit your freight bills is now possible through Freight Check. You can submit your freight bills by simply opening an online account. The user Id and password will be provided to you upon registration. Whenever you want to use the factoring service of the company simply login with the credentials to the Account Management Center of the company. The center will track all the information of your account. You can submit an online factoring application by selecting the particular broker after the delivering of load. You will be funded the full amount same day with the Comchek card.

Use our loadboard for further information on factoring services and owner operators jobs information

Categories
Freight Factors Freight Loads

Interstate Capital Corp: Freight Factoring Services

If you are in to some trucking business then this article will help you a lot to improve your business skills and business itself. Most of the times the cash flow of the shipping and trucking industries gets interrupted because they wait for the payment which is to be paid by the enlisted companies who utilize their services. So to avoid this interruption of cash flow freight factoring is utilized.

In freight factoring the truckers are immediately paid after they have completed their work. And this payment is not concerned with the payment of the shippers for which they are actually working. The freight factoring companies like Interstate Capital firstly purchases the shipping company’s invoices and then releases funds for the carriers. Shipping companies then pay to their invoices within 30 to 40 days. The owner operators in the trucking companies keep repairs, salaries, maintenance and fuel in their minds because these are the most vital expenditures of any trucking company. And these expenses are needed to be full filled regularly after a particular time interval. Utilizing freight factoring can help you to get the payment on time to full fill all these basic expenses
Now days this freight factoring facility is also available online you can utilize facility of freight factoring by simply getting an access to the internet. You have to invoice your trucking company with the freight factoring facility providers online and they will pay you the amount immediately. Among this freight factoring providers’ one name is “interstate capital”, which is a reliable online factoring facility providing company.
Interstate Capital provides categories of freight factoring facility depending on the size of the business and automobiles used for shipment or utilized in business. They also provide fuel advances up to 40 % which helps to manage the expenses of the trucking company. Factoring rates per invoice starts at as low as 0.49% per invoice. They will mail you the invoices regularly so that you must be informed. The company provides 24/7 access to the invoice records and reports through an efficient online system. Freight factoring is more reliable than taking loans, because of the fact that the Interstate Capital charges according to the payer’s payment scale and then makes their decisions. And it is very easy to get factoring as compared to getting the loan for your business because while getting loan you have to full fill certain formalities, while Interstate Capital online proposal takes just 2 minutes. And it takes only 3 business days to fund the freight companies.
While availing the freight factoring facility, Interstate Capital provides you with the professional services of preparation of the invoices, their postage and collection. The company also provide you funding without considering the original bill of shipment and the fund transfer is also online, so it is completely electronic, which is the need of recent times. The payment is posted every day on time with out any delay. There we see that Interstate Capital gives fast and efficient solutions for the smooth running of the trucking business.
Get more of information on freight factoring at our Freight Load Board.

Categories
Carriers Newbies

An Insight to Truck Driving Jobs!

Freight and logistics related jobs from the trucking industry are the most sought-after jobs in the United States. The reason for such jobs being in demand is the trucking industry in the United States today is expanding enormously. The job does not involve just the delivery of goods and materials, but the drivers have to be really skillful to perform the truck driving job. As there is a high requirement for skilled workers in this field the jobs in this sector are high-salaried jobs. With the new inventions and innovations taking place each day around us, the traditional truck also changing for the betterment.

There is a complete tie up between the owner operator and the driver. The owner operators are always in need of the skilled driver because they need to handle this very responsible work of handling heavy trucks and delivering the goods to their clients on time. For this they need to reply only on the experts. They are willing to pay good salary for getting an expert in the field. In turn truck drivers will work hard to deliver their best results so that they can provide highest delivery solutions for present consignment and make the relations between the parties good for future business too. The truck drivers also work for handling the truckloads to get an extra income. Both have to work hand in hand for complete collaboration and the benefits of each other.

Some other perks enjoyed by the truck driver to make their occupation a little more lucrative is that the trucking companies sometimes allow the family of the truck driver to visit them at the place of their work.  The industry will provide the driver with some allowances like medical benefits, insurance and safety. Modern trucking system will include all the equipment and tools needed to complete the journey for the delivery of goods, especially in the case of liquids or hazardous chemicals. These days’ truck drivers are provided with GPS tracking device which will help you to find your location and provide road guides to reach to your destination. As long as the driver is serving the purpose of the company the company will take care of his needs. He can work with his own flexibility as long as the goods are delivered on time.

A skilled owner operator driver is needed by the trucking company to take over the freight services and shipment of goods. A good truck driver must have certain qualifications that are set by the company such as knowledge in terms of maps, routes, traffic rules, and navigation. Good manners and a high sense of responsibility is needed by the company. The driver must be disciplined and give priority to safety. He should avoid mistakes that can cause death, injury and loss of any sort.

Since to search such skilled drivers is becoming tough day by day, there are many load boards today that provides all freight and trucking industry solutions in a fast and reliable way. The trucking business now can avail such facility and can get there requirements like drivers and others met by them.

Categories
Lifestyle Trucker News

Trucking Software Advantages!

With the growth and expansion of trucking and freight industry, the processes involved for its management have also become very complicated. The truck owners and drivers have to do many calculations and reporting manually. They need to maintain a log book in which regular entries are updated from time to time. All the correspondence between the consignor and others involved is also the main responsibility of the trucking industry management. Calculation of fuel expenses and taxes can also become cumbersome during long journeys. All these activities require a lot of time and accuracy. Since, they are done by human there are more chances of mistakes in the accounts and billing. Such mistakes will adversely affect the profit and loss of the business in the long run.
With the technological advancements and the need of the hour the trucking software has been introduced to take care of the complications arising from such time consuming and manual processes. Trucking software and different applications are now available for the freight brokers and trucking industry to automatically deal with business requirements. Such software requires initial setup and cost to make the software functional. However the trucking software acts as a major tool in cost cutting of the business. Accountants and documents controller which were earlier needed to do the tasks manually will now be done by the software. Not only is the cost cutting due to the reduced manpower but also because the overall functionality of the business increases many times. Now the same business will need less space as all the work will be done in an automated way.
The high cost of introducing the software can now be tackled with the use of web based trucking software. These web based trucking software has been developed to cut down the cost required for hardware setup. With this new move now the trucking industry can reap the fruits of the software without much input. The Fuel tax software now helps the trucking business to file their tax returns in an easy way. Trucking software is equally helpful to the driver as it is to the freight brokers. With the efficient use of the software there will not be any delay and loopholes. This software is especially designed for handling such types of issues. Dispatching of loads and generating invoices and reporting can now be easily maintained with the use of this software.
The freight brokers will be able to use the trucking software, which will help in making clear the directions for the success. This software will bring awareness in the freight companies to take part in all the activities competitively and make a complete sound system for their logistics service. This is very necessary because international markets are expanding day by day and the circle of trade has been increased. There are now many and excellent opportunities for finding your bearings by proving your logistic system all over the world. The trucking software is bringing new and great changes in the system and there are now more opportunities than ever before.