Fri 29 May, 2009 02:04 am
I want information on freight factoring company’s services in US. I want information on trucking and transportation finance services in country.
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Type: Question • Score: 0 • Views: 4,496 • Replies: 3
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Robert Gentel
 
  2  
Sat 30 May, 2009 03:09 am
@alengore,
Freight factoring is when a transportation company enters a deal with a third party that buys their invoices off them, paying them about 90% up front and the remainder (minus their 2-3% fee) when they get paid.

The adage "time is money" is even more true in logistics and this lets the shipping company receive 90% of their revenue right away, instead of NET 30 or more.
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sarah01
 
  0  
Mon 23 Oct, 2017 11:36 pm
@alengore,
Freight factoring provides fast cash to carriers. Small and medium-sized freight companies can easily secure financing needed for fuel, repairs, operations, and payroll.
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DiLX
 
  -1  
Thu 9 May, 2019 05:50 am
@alengore,
Freight bill factoring is a form of business financing. It enables carriers and brokers to finance slow-paying freight bills. Freight factoring is an easy way to manage cash flow for your trucking company.
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