factoring company for trucking

[2] In order to obtain a license to broker freight, a freight brokerage must purchase a surety bond or trust agreement with the Federal Motor Carrier Safety Administration (FMCSA). Same-day pay, flexible contracts, non-recourse and recourse programs. The UCR system was created to verify active insurance coverage in each state where a motor carrier operates. What every trucking company needs to know about factoring receivables. Let our team of highly-experienced experts guide you through the process of getting motor carrier operating authority to ensure all your paperwork is in order so you can start your trucking business strong. Porter Freight Funding is headquartered in Birmingham, Alabama, and has an operations office in Hartselle, AL. Factoring ensures you are paid the same day you deliver your load. She treats you like your one of the family. Our expert dispatchers book all loads under your MC number. As a trucking company, youre in the business of hauling freight. Anywhere. Learn more about invoice factoring. Use your working capital to help improve and expand your business, and let TBS take care of your back-office billing and collections. WebAmerica was built on trucking and the drivers weve worked for generations to support. There are various methods of shipping goods; by air, road, sea, or rail. Exchange your invoices for cash, and youll be able to take care of operating expenses without having to take on debt or wait 30-60 days to process your invoices. Because you dont work a regular 8-to-5, were now available 24/7. With a simple, low flat rate, you can be sure you're always funded to get Attract quality carriers by establishing and building credit through factoring. These companies are divided into several variant sections. Offer Quick Pay programs to your carriers. California is quite the headache for small trucking company owners. MaxTruckers Buddy your trucking consultants, listen with undivided attention to resolve your concerns. TBS provides free, unlimited, top-quality credit checks on every company you haul for. He knows all you need to know about fees, fraud, and discounts at the pump. What Is Factoring? At Apex, we know the importance of cash flow. Our rep, Dawn, is very professional and helpful. Effective October 1, 2013, the surety bond requirement increased to $75,000. Speak your heart out on any trucking related problems or services. Because cash flow is king. DAT Load Board subscribers get full access to freight-finding tools and end-to-end solutions. Non-trucking use: This is coverage for accidents if youre hauling loads for another person or company. ProTransport software helps with accounting, dispatch, safety, maintenance and much more. Find additional information with the Owner-Operator Independent Drivers Association. Complete this form and a representative will call you quickly with more information. Contact us today to learn more! [3] Prior to June 2012 when the bill was signed by President Obama, the surety bond coverage required to hold a broker license was $10,000. Trust TBS to provide that extra-mile service so you can go further. She goes on and beyond to make sure you are satisfied!!! But we do much more than buy freight invoices, we provide our factoring clients with a truckload of services all aimed at keeping the cash flowing. Shipping by rail could also be complemented by piggybacking the freight onto a truck so it can be delivered to the receiver. Many guidelines, most under the Federal Motor Carrier Safety Administration's SAFER System,[5] are available to freight brokers to screen potential carrier safety and, if it is proven that the broker did not utilize these government provided tools, liability can be transferred to or shared with them in the result of an injury accident. Fuel is one of the top costs for independent trucking companies. Some companies offer multi-modal solutions, this means that they offer more than one service, in many cases air and sea and in other cases air, sea, and road. Call Us Toll-Free! Customer satisfaction is at the heart of everything we do. Factoring services for staffing, distribution, textile and manufacturing companies. On December 12, 2015 the FMCSA brought into effect the United Registration System. This blog is the seventh in a series with Apex Experts sharing their industry knowledge. TBS Factoring Service makes trucking easier with unmatched technology and customer service. Factoring for oilfield services companies. Simply click on the Live Chat icon in your app to receive 24/7 account service. When you choose TBS, youll receive exclusive access to our cutting-edge technology to grow your business and make financing easier. Its there in addition to our current same or next-day funding. Working with a freight factoring company makeslife easier. No matching company found. The best way to accomplish a hot windshield is with the temperature on high, set to [], We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation, Differences Between Non-Recourse and Recourse Factoring. We are having technical difficulties at this time. The most common multi-modal way of shipping is referred to as inter-modal meaning truck pickup to rail to truck delivery. Freight companies are companies that specialize in the moving (or "forwarding") of freight, or cargo, from one place to another. Prestige Capital 400 Kelby St., 10th Floor Fort Lee, NJ 07024. If your customer pays their invoice in 60 days, you will pay the APR for 60 days as well on top of the factoring fee. As well as its factoring work, Porter provides access to a dispatching network with pre-approved brokers and shippers and free fuel cards to truck drivers with fuel advances and discounts at chains across the United States. Learn more about our factoring services and start fueling your cash flow today. 2022 RTS Financial Service, Inc. and RTS Carrier Services, Inc. All rights reserved. WebCalculating the annual fixed cost per mile of owning a truck alongside an annual average of variable costs will provide owner operator trucking rates per mile they need to run a profitable business. Bundled Services. Equip yourself with information. Find out how factoring works. WebTo start your trucking business, you need a Motor Carrier Authority from the Federal Motor Carrier Safety Administration (FMCSA). The proliferation of freight brokers called for an increase in financial integrity and liability of these companies, which has led to the passing of the Moving Ahead for Progress in the 21st Century Act (MAP-21). This can happen, for example, when the 3rd-Party Logistics company handles outsourced manufacturing and/or warehousing. Use RTS Pro to find freight brokers with strong credit and payment histories. Being on the road is tough as it is, [], portercap_admin2022-11-21T14:35:04+00:00November 21, 2022|, What happens when truckers drive their vehicle without a load? The form designates a person in each state where your company operates to act as a legal process agent. For example, if your company is based in Missouri but you are sued by someone in Georgia, you need an attorney in Georgia who can receive the legal complaint and communicate it to you and your local attorney. When you start a new trucking business, you may need to get business loans or find investors to pay for startup costs. Now hes sharing that fuel card wisdom with you. An IRP license plate issued by your companys home state allows your truck to operate in all states, as well as most Canadian provinces. Here at Apex we are proud of our clients. Apex factoring for trucking companies is the fastest way to get paid. Thats a very important question particularly when it comes to cash flow, which could make or break a burgeoning company. WebLet our compliance managers assist your trucking company in getting organized and staying legal. Mike Thrasher, Chief Sales Officer for Apex Capital, brings 20 years of experience in sales. Obtaining a license involves an extensive background check, CDL training, a written permit exam and a driving test. A shipping method is determined by evaluating three factors: time, cost, and product characteristics. TBS uses the same system to obtain your MC#/USDOT Number. Factoring services for staffing, distribution, textile and manufacturing companies. We Are Rated 5 Stars! Always a pleasure doing business with her. Porter Freight serves small and mid-sized trucking companies throughout the United States by providing a flexible approach to our clients working capital needs. Now you can get paid even faster with our new blynk digital payment system. The Worst States for Trucking Companies California. The site features route planning and customer-specific discount prices nationwide. He understands the funding issues many startups and small-to-medium size trucking companies face. With our factoring services, you get funding on open invoices within 24 hours and simple, transparent pricing with no hidden fees. Move more freight with access to over 1.7 million trucks on the DAT One Load Board network, plus tools to maximize your private network of carriers. This period is to seek out public comment from anyone who might contest your application for authority. WebTrucking Factoring. 123Loadboard is an industry leader in load board solutions with affordable web and mobile app platforms. Our more than 500 motor carrier members range from many single-truck owner-operators, all the way to some of the nations largest companies. Why thousands of trucking companies chose RTS Financial to boost their cash flow. We have used them for 1 1/2 years and have always been completely satisfied. But, it doesnt have to be. RTS Financial, a factoring company founded in 1986, offers working capital solutions to businesses across multiple industries, but with a clear focus on the trucking industry. [citation needed], A recent trend is for freight brokers to specialize in offering automated platforms to shippers so that they can tender their own loads. Create your free load board account today! That review includes a mandated dispute period in which your application is posted to the Federal Register for 10 business days. Please fill out our form and we will be in touch with you shortly. Skip the bank processing times AND save money on fuel! International trade finance in 40+ countries. We are the experts in invoice factoring and accounts receivable management. We talk to clients by phone and sometimes on camera for a video about their company, what they haul, their thoughts on working with Apex Capital, and especially any advice they might have for somebody looking to start a trucking company. WebFreight Factoring Companies can provide the solutions a trucking company needs to work smarter and grow business. WebDefinitely the Leader in Factoring when it comes to the trucking industry. With so much conflicting information available on the internet, its hard to keep track of all the steps you need to follow. Please review your entries above and fill in a valid value for each required field. The Apex Fuel Discount Program is free and it includes the Apex Fuel Card, the Apex Fuel Finder, and even a FREE Fuel Analysis; all designed to ensure you are getting the best possible savings. Is Factoring Cost Effective for Your See what our clients say about factoring with us, Meagan Graessle is one of the BEST customer service reps. She is so very helpful and always friendly. Another regulation that protects carriers and shippers is the freight broker bond - freight brokers must get bonded in order to operate legally. Please enter your DOT or MC number below to get started. Driving distances without a load can't be entirely avoided it's a natural [], portercap_admin2022-11-21T21:56:26+00:00November 21, 2022|, Heavy haul trucking is a popular method for transporting goods and machinery across the U.S. Get the most relevantmatches for your business the right loadfor the right truckat the right price,no matter where you are. Copyright 2022 TBS Factoring Service, LLC | Website by. Mobile and web app for factoring, fuel discounts, credit reports and more. There are no hidden fees what you see is what you get. Such organizations include the IATA (International Air Transport Association), TIA (Transportation Intermediaries Association) the BIFA (British International Freight Association), or the FTA (Freight Transport Association) and various or other regional organisations. It is when your companys accounts receivable are converted into cash by selling the freight bill of lading or outstanding invoices to us, the factor. The more we exchange money electronically, whether it be through purchasing goods or conducting business with associates, the more vulnerable we all are to fraud. In accordance with the Health Care Transparency Requirements, Blue Cross Blue Shield medical plan carrier creates and publishes the Machine-Readable Files on behalf of Apex Capital Corp. To access the Machine-Readable Files, please click on the URL link here. With TBS, getting set up is FREE andcan be done in as little as 24 hours. WebPRESTIGE CAPITAL. You will receive your MC and USDOT numbers after the application is filed, but your request for authority must still be reviewed by the FMCSA. WebDAT Load Board Right load. One of our sales reps will be in touch with you shortly with more information. Out of all the freight factoring companies in the United States, you deserve to work with the best for your trucking business! So we like to feature our great clients as much as we can. There are various types of courier companies, such as airfreight courier companies or road couriers. Youll have all the credit information you need to make the best business decisions. Plus, save up to 90 a gallon on fuel by utilizing our fuel discount cards from Comdata and EFS. Who will you trust to help make your trucking company as successful as it can be? To learn what your state requires, pick up a CDL manual at your local Department of Motor Vehicles office. The SCAC is a privately controlled code used to identify different transportation companies. Apex Capital Corp is the leading full-service factoring company for truckers. To be successful, a trucking company needs to stay loaded with freight from trusted brokers and shippers. In order to operate heavy trucks, all of your companys drivers need valid commercial drivers licenses (CDLs). [4], Other logistics companies include 3rd-Party Logistics Providers. ; POOR GOVERNMENT REGULATION: Factoring for trucking, is an alternative to other finance solutions, like bank loans. For more information, visit the FMCSAs website. To be successful, a trucking company needs to stay loaded with freight from trusted brokers and shippers. Fuel costs can account for a large portion of a trucking companys total operating expenses. Find the load board package that best [] Whether you own a small fleet or a single truck, TrueNorth makes it simple to run your business and earn more money. When you factor your trucking companys freight bills with Apex, you can receive payment in minutes after your freight invoices are purchased. Save money on every haul with the industrys best fuel card. So instead of waiting 30, 60, or even 90 days for customer payment, companies use factoring to eliminate the wait on customer payment. Get fast, same-day pay for your loads. Substantial savings on diesel fuel. Factoring for trucking companies operating in Mexico. WebRTS Pro is an all-in-one mobile solution for your trucking company, providing quick access to your fuel discounts, factoring services, broker credit ratings and trucking software. They encourage us to do better for ourselves and our company. Typically, freight brokers do not "fingerprint", or touch, the freight. WebRecourse factoring is a factoring agreement in which a trucking company sells its invoice receivables to a factoring company with the understanding that if the invoice remains unpaid after the recourse period for any reason (usually 60 to 90 days), the trucking company will be obligated to buy the invoice back. With freight bill factoring through TBS, you can get paid hours after delivering a load. *Average savings of 69-cents per gallon is based on actual in-network TCS client transactions for Q3 of 2022. We credit check all your brokers to avoid you working with untrustworthy customers with poor pay terms. A product of Apex Capital, NextLOAD.com is a free load board designed to make finding great loads fast and easy. The rule allows your company to have a single fuel license and requires you to file quarterly fuel use tax returns with the state where you are based. Some freight companies specialize in certain parts of the market. Prepaid or credit lines. Some freight dispatchers provide end-to-end services, managing everything from finding the loads to ensuring shippers pay their invoices on time. Running an independent trucking company can be overwhelming, and you wont always have a computer on hand to handle your finances. Delivering experience, knowledge and financial solutions in a variety of fields. RTS Pro is an all-in-one mobile solution for your trucking company, providing quick access to your fuel discounts, factoring services, broker credit ratings and trucking software. Its at the core of everything we do to help keep trucking companies in business. Trucking is a heavily regulated industry. Many truckers don't make a profit during those transitional times throughout the day or when going home. Our friendly trucking support team is your extended family. Existing freight brokers with a USDOT, MC, or FF number could continue to do business until April 14, 2017 before they must switch to the electronic online URS system. Youll get access to a FREE fuel card with advances and discounts to save you money throughout the year. We represent more than 860 companies from every part of the state. Facebook page opens in new window. Get significant savings at more than 2,000 fuel stations and credit lines of up to $2,500 per truck, per week. Fuel Card Program. Delivering experience, knowledge and factoring solutions in a variety of industries. While you might have numerous questions, one of the biggest concerns that many aspiring owner-operators have is whether to buy a new or a used truck. We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation. The more we share our stories, the more we learn. These brokers also offer various value-added services that encompass transportation, logistics, and distribution. Our tools are user-friendly and specifically designed for independent trucking companies. Search4Freight is an exclusive freight load board for carriers and brokers that has new loads each day in real-time. Boost your cash flow with TBS by getting paid the same day you deliver a load. Invoice factoring is a type of financing businesses use to get fast cash. For truckers and especially trucking companies, cash flow keeps the tank full, the wheels greased, the freight loaded, and the driver happy. More than two decades later, Apex continues to treat clients and partners with respect just as it takes care of its employees. WebHARMFUL CONTRACT TERMS: Trucking companies face issues mainly on harsh contract terms (made in favor of factoring companies). QuickTSI has created a collection of Freight Factoring Companies in the United States for the trucking industry. Speak your heart out on any trucking related problems or services. Let's try again. Chris Courts, President and Managing Director for TCS Fuel, a wholly owned subsidiary of Apex Capital, brings 25-plus years of experience and expertise in the fuel card industry. Average savings of 25 per gallon at over 2,000 fuel stations, Point-of-sale fuel discounts at more than 750 Pilot Flying J stations nationwide. According to FreightWaves, freight fraud costs the industry more than $100 million each year. Trucking is a heavily regulated industry. Connecting with us after regular business hours is incredibly easy and exclusively available via the TBS: Get Paid app. While shipping by sea could take longer than shipping by air, the latter is generally more expensive. Sign up Now more than loads & trucks posted annually. WebThe trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over landtypically from manufacturing plants to retail distribution centers. They arent regulated by a government institution formally. WebTAFS is a trucking factoring company that provides owner-operators accounts receivable financing, a.k.a. Get the best factoring rates and better fuel discounts with RTS and Pilot Company. For example, international freight forwarders ship goods internationally from country to country, and domestic freight forwarders, ship goods within a single country. With our industry-leading TBS: Get Paid app, you can manage your finances anywhere and anytime. Customize your search to find the perfect match and access the load board from anywhere on any device. With 24/7 factoring and payment options, you're always in control. Create your For more information on the form, visit www.irs.gov. How Factoring Can Be a Crucial Ingredient in the Success of Trucking Companies, How to Make Your Fuel Card Work for You and Your Trucking Company, How To Spot Freight Fraud Before Hauling a Load, Apex Capital Moves Headquarters to Downtown Fort Worth. If you plan to haul military, government, international or intermodal loads, you will need an SCAC code. [citation needed]. We help trucking companies grow faster, control costs and improve efficiency. During the 14-day protest period, TBS will establish your BOC-3 while you file for insurance. Give us a call, or request a callback or drop us an email, were here to help. WebFreight companies are companies that specialize in the moving (or "forwarding") of freight, or cargo, from one place to another.These companies are divided into several variant sections. It is no different for freight carriers, especially small to medium sized trucking companies and owner-operators. Apex buys freight bills, assists and inspires growth and success in small to medium-sized trucking companies. We have true non-recourse and recourse factoring programs to meet your trucking companys needs. The FMCSA also provides funding for states to conduct roadside truck inspections and other safety programs. Freight companies use specialized software to track the large numbers of shipments. If you want to become an owner-operator truck driver, finding a trucking company with a lease-purchase program is a perfect way to get started. Some of the worlds largest carriers, owner-operators, and freight brokers rely on our load matching services to find loads and move truck freight.. See the best load board for matching freight for truckers 1 in the Large Employer Category among the Best Companies to Work for in Fort Worth, is moving to. Mon - Fri: 8AM - 5PM MST 866.834.2746. They are very professional, responsive & helpful when it comes to their Clients and Outside brokers. Google Review My all time favorite factoring company where you can easily reconcile your books and super easy to Bill the invoices. We offer paperwork services, compliance software, and professional assistance every step of the way. WebWe are a traditional factoring company, we only charge you a factoring fee. Porters most valuable asset is its staff that has 100+ combined years of freight factoring experience. Areas the agency oversees include CDL standards, carrier safety scores, drivers hours-of-service and driver medical examinations. find the right insurance for your company, visit the Department of Transportation website for the state where your company is based, the National Motor Freight Traffic Association website, What to Expect with a DOT Brake Inspection, New Entrant DOT Safety Audit for Trucking Companies. (Nov 2016)", https://en.wikipedia.org/w/index.php?title=Freight_company&oldid=1114019962, Short description with empty Wikidata description, Articles needing additional references from September 2013, All articles needing additional references, Articles with limited geographic scope from May 2012, Articles with multiple maintenance issues, Articles with unsourced statements from July 2018, Articles with unsourced statements from December 2016, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 4 October 2022, at 11:14. It gives our valued clients who qualify the option to get funded overnight and on weekends through our blynk digital payment system for invoices submitted after cut-off time. I refer them to everyone!" We offer the best factoring rates in the transportation business. Here is a step-by-step guide to gaining your authority. Dont let a large down payment stand in the way of your dream. Every client works with a personal, dedicated client representative who knows your business. Before your company can begin operating, there are numerous government requirements you will need to meet and also keep current. The main difference between a traditional freight broker and most 3rd-Party Logistics Providers is that freight brokers do not actually touch (fingerprint) the freight, whereas 3rd-Party Logistics providers often do. Step #9: Get financing. Each state has different testing standards for CDLs. We are trusted by thousands for improving trucking businesses freight operations, increasing cash flow, getting paid fast, and providing clients with the resources they need for success. We put together a list of red flag signs of freight fraud and we highlighted tools and services we have at Apex Capital to help arm carriers before they haul a load. One requirement to gain interstate operating authority is to register an up-to-date BOC-3 form with the FMCSA. TBS funds fuel cards MondaySunday until 11:00PM (central time). If you operate a trucking company that performs heavy hauling or is looking to start, check out this guide to learn more about how the [], portercap_admin2022-11-18T21:09:26+00:00November 18, 2022|, Heater Settings for Winter Driving by an Alaskan Truck Driver Ice Fog When you encounter ice fog, a very hot windshield will be required. We do that with client success stories. 800-511-6022 MaxTruckers Buddy your trucking consultants, listen with undivided attention to resolve your concerns. Navigating your way through the many government regulations for trucking companies can be a challenge. You can acquire both numbers by registering your company with the Federal Motor Carrier Safety Administration (FMCSA). To learn more about UCR, visit your home state's Department of Transportation website. ; VERY LESS TRANSPARENCY : Running an independent trucking company can be overwhelming, and you wont always have acomputer on hand to handle your finances. There are no hidden fees or interest charges. With our exclusive TBS Fuel Finder, customize your route plan to find the biggest discounts on fuel nationwide. With our exclusive TBS Fuel Finder, you get access to real-time data. Insurance Deferred Down Payment Program (DDP). WebWe help trucking companies start and grow their businesses. WebLoad Board and beyond. What every trucking company needs to know about factoring receivables. Move more freight with access to over 1.7 million trucks on the DAT One Load Board network, plus tools to maximize your private network of carriers. You must be at least 21 to drive a truck from state to state. However, because of the lack of exposure to the industry, 80 percent of them fail. Load Board and beyond. Find your next load on NextLOAD.com. Sign Up N0w Grow your business for the long haul. The TCS Fuel Card offers clients from large fleets to independent owner-operators a complete fuel management system. Factoring has become extremely common in the trucking business. Use the Apex Fuel Card and Fuel Finder to start saving an average of $0.69*/gallon on fuel today! [citation needed]. Other dispatchers specialize in certain services. Freight factoring is when a trucking company sells its accounts receivable (invoices) to a factoring company like Apex at a discount. Freight factoring is the answer and a valuable financial tool. We provide reliable cash flow solutions, insurance down paymentassistance, 24/7 account service, compliance & permitting assistance,free authority processing,and much more. If so, who referred you? We know the work it takes to build and run a successful trucking company. Part of the U.S. Department of Transportation, the FMCSA develops and enforces federal safety standards for commercial vehicles. YOU are our number one priority. Riviera Finance provides full-service, non-recourse invoice factoring to growing companies. It has more traffic and urban congestion than any other state, and is, overall, somewhat of WebSteady cash flow in 24 hours. In Schramm, the Courts opened the door for freight brokers to be held legally liable in the case of a trucking accident, involving a carrier whom they hired to carry freight, that resulted in injury to a person. For example, international freight forwarders ship goods internationally from country to country, and domestic freight forwarders, ship goods within a single country. WebWe are a factoring company that provides superior service at a great rate. factoring. We help trucking companies start and grow their businesses. For more information, visit the Department of Transportation website for the state where your company is based. WebWhat Is Invoice Factoring? Its there to keep the cash flowing so your trucking company succeeds. WebA truck dispatch service helps owner-operators manage many of the back-office aspects of running a trucking company. To learn more about IFTA, visit your states Department of Transportation website. Most commonly they have a vast network and access to a library of freight carriers and search for the right availability based on customer specifications. Easy-to-use trucking software for all of your daily operating needs. Freight brokers are federally regulated and bonded companies. Company Name * Email * Phone * Did someone refer you to RTS? They engage in helping shippers find the best price with the best carrier for any given load. International trade finance in 40+ countries. 877.944.4455 Fax: 201.944.9477 WebEasiest Load Board To Find Truck Loads Quickly. Waiting for invoices to pay is a drag! This checklist walks you through all the steps necessary to start a trucking company, gain your authority and operate legally as an interstate trucking company. There are more and more alternative factoring companies that take on the practice of charging both a factoring fee and an APR on the money they give you. North Dakota Trucking Company. The Apex Startup Program can simplify the process. They offer a variety of supply chain and distribution-related practices and techniques in order to improve in-house logistics. Serving world-class customer service since 1995, Apex began when friends David Baker and Dean Tetirick pooled their resources to open a company that makes a difference. A product of Apex Capital, NextLOAD.com is a free load board designed to make finding great loads fast and easy. Would you like to be paid the same day you deliver a load, rather than wait for 30 to 60 days? Combine fuel and factoring services to save money. We offer flexible contract options for our clients. WebProfit more. With TBS, you can defer up to 50% of your insurance down paymenteach year in addition to the initial sign up down-payment. Hassle less. The large down payment on insurance for a truck is one of the main challenges owner-operators face. Best Factoring Service for Trucking Companies, Offering same-day funding, a 97% advance rate and an industry-leading fuel card program, Increasing cash flow for welding, trucking, drilling and other services that support active oilfields, Speeding up your cash conversion and building more working capital for your company, Building your working capital to address operating expenses and seasonal demand, Meeting payroll obligations with same-day funding on all of your receivables, Funding receivables within 24 hours to help you operate and expand your business. Fort Worth, TX 76102. For over 50 years, TBS has helped truckers run their business smoothly and efficiently. RTS Financial and RTS Carrier Services offer an integrated, easy-to-use solution for factoring, fuel discounts and trucking software. Getting your trucking authority to start your own trucking business can be downright intimidating. Using a fuel card to get discounts on diesel fuel can add up to big savings that could lead to bigger profits for your trucking business. WebThe trucking industry is critical to our economy, many entrepreneurs want to start a business in this sector for a high return on investment. Avoid costly mistakes with help from industry experts. With 100 combined years of trucking factoring experience, its safe to say we know what were doing. That means that doing business with factors, quick pays, and even banks requires real-world, fine-print knowledge. There are thousands of freight companies in business worldwide, many of which are members of certain organizations. Whenever we have a question, our rep is there to give us answers quickly., We have been with Porter Billing for almost 3 years. As a trucking company, youre in the business of hauling freight. Free Fuel Credit Card: Weekly Fuel Credit Of $2000, owner-operators trust us & have bought their services on MaxTruckers, partnered with us so that you can compare easily & transparently, for all trucking service plans available online, support built in with every service for help, when you need it the most, TrustPilot Rating 4.9 Stars (highest in trucking), All round assistance, even post service purchase. No matter the industry, Integrity is the factoring company for your business. Simple, easy uploading of documents using our mobile app or website. Leading trucking service providers for your business success, Automated page speed optimizations for fast site performance, Festival Offer: Get Free Factoring - 0% Fee (till 31 Dec 2022). NOTE: To file for DOT registration, you must first register as a business through your state. Give us a call, or request a callback or drop us an email, were here to help. Founded in 1969, Riviera Finance is nationally recognized as a leader in business financing and a top invoice factoring company. Learn more about the RTS and Pilot Trucker Bundle! Plus, you can access free credit data on 85,000 brokers and shippers, find freight and more on our exclusive RTS Pro mobile app. Before your company can begin operating, there are numerous government requirements you will need to meet and also keep current. Enjoy the best parts of owning your trucking business. This checklist walks you through all the steps necessary to start a trucking company,gain your authority and operate legally as an interstate trucking company. 301 Commerce St. Suite 1200 With factoring, companies can get an advance on invoices in 24 hours or less. [1], Courier companies are usually spin-offs from freight forwarders. For more information, visit the National Motor Freight Traffic Association website. Apex Capital Corp Moves Headquarters to Renowned City Center in Fort Worth Fort Worth, Texas Apex Capital Corp, ranked No. Combine fuel and factoring services to save money. Find out how factoring works. ~Debbie, Porter Freight Funding is the BEST!! Founded in 1991, Porter Capital Corporation started providing working capital services to various industries, including the trucking industry. Sign up today to unlock every feature in the DAT One mobile app, starting at $45/mo. Mobile and web app for factoring, fuel discounts, credit reports and more. Learn more about our factoring services and start fueling your cash flow today. Companies that specialize in the moving of cargo from one place to another, The examples and perspective in this article, Learn how and when to remove these template messages, Learn how and when to remove this template message, Transportation Intermediaries Association, British International Freight Association, Federal Motor Carrier Safety Administration, "Moving Ahead for Progress in the 21st Century Act (MAP-21)", "The Present and Future of Trucking, our Country's Broken, Inefficient Economic Backbone." In 2011, Porter Capital acquired an experienced transportation factoring company and formed Porter Billing Services, LLC, now named Porter Freight Funding, which specializes in funding solutions for the trucking industry through freight factoring by providing 24-hour pay of freight invoices. choosing the right factoring company), can definitely be a silver lining to you. The plate requires an annual renewal fee. Waiting on invoices to be paid in full makes it difficult to grow your business. Thank you..We really appreciate all you have done for us.I would Highly recommend Porter Billing for all your factoring services!! Starting a trucking company can be overwhelming, time-consuming and complicated. They give avenues to help you go out on your own. Our friendly trucking support team is your extended family. WebFor more than 80 years, the Nebraska Trucking Association has been advocating for and promoting the trucking industry in Nebraska. Competitive advance rates and scalable funding that grows with your company. JLP. The IFTA agreement was established to simplify the reporting of fuel used by trucks operating across the lower 48 U.S. states and some Canadian provinces. There are numerous reasons to choose TBS as your factoring and back-office support team, but here are few quick reasons why so many truckers are part of the TBS family. Thunder Funding is far and away the best factoring company I have worked with. Fuel cards are great, but they should do more for your trucking company than just provide a few cents off each gallon of diesel. Start your trucking company with Apex! WebTBS Factoring Service makes trucking easier with unmatched technology and customer service. Also, upon completion of the Apex Startup Program, you are automatically pre-approved for Apex factoring. Trucking Reviews: Rated And Reviewed By REAL Owner-Operators. We offer the fastest freight factoring for trucking companies with no hidden fees, no long-term contract restrictions, and no required minimum volume demands. Receive top paying loads with our dispatching network. One-stop access to all trucking business needs, from freight factoring to fuel cards & equipment leasing. We are please with the excellent relationship that we have with our Porter team. ~Jennifer Powell, portercap_admin2022-06-20T16:23:07+00:00May 13, 2022|, If youve been driving a truck for years or are only a few months in, you know that consistent cash flow is critical in the success of your trucking company. From the initial transfer from our previous company to date, we have had excellent customer service. Then, the factoring company gives the trucking company a WebTransport Topics is the nation's logistics and trucking news leader, with award-winning coverage of the regulatory, technology, business, and equipment sectors. Apex's freight factoring is world-class with a dedicated focus on customer service. YVETTE BENITEZ. We have over the years developed tools and fine-tuned services that help level the playing field for small to medium-sized trucking companies. To get both yourMC and USDOT numbers, you must completethe Motor Carrier Identification Report (MCS-150) and Safety Certification Application. WebThe International Factoring Association's (IFA) goal is to assist the Factoring community by providing information, training, purchasing power and a resource for the Factoring community. At RTS, we offer same-day funding with no hidden feesand access to fuel discounts at more than 2,000 fuel stations nationwide. Same-day funding for trucking companies. The motor carrier (MC) number, which is also known as operating authority, identifies the kind of trucking business you operate and the kinds of goods you are permitted to haul. DOT number is used to track your companys safety record and compliance with regulations. This is typically done through the Secretary of State's office. You must register using your companys USDOT and MC numbers. Combine fuel and factoring services to save money. Complete this form and a representative will call you quickly with more information. Fuel is the top cost for independent trucking companies. Any truck that weighs 55,000 pounds or more is subject to the federal heavy-highway vehicle use tax. 2022 RTS Financial Service, Inc. and RTS Carrier Services, Inc. All rights reserved. Get the lowest insurance quotes from our trusted insurance partners. No 1-800 numbers, call your representative directly. This blog is the fifth in a series with Apex Experts sharing their industry knowledge. Factoring for oilfield services companies. Factoring for trucking companies operating in Mexico. Find your next load on NextLOAD.com. To pay taxes due on your heavy trucks, you must complete and file a 2290 tax form with the IRS on a yearly basis. If you haven't already, learn how to create a business plan and find the right insurance for your company, and be sure tobookmark our Complete Guide to Trucking Terms for a comprehensive trucking dictionary. Cash flow is king. If a freight company does not have its own negotiated carrier rates, there are other types of technology and partnerships that can be used in lieu of a transportation management system. Work with dedicated representatives who will always answer your phone call or email. If you're just starting out, owning and operating a trucking business can be overwhelming. Skip to content. CLIENT LOGIN. 2022 Apex Capital Corp. All rights reserved. Our accounts receivable financing programs are designed to free up cash flow for your trucking company by funding your unpaid invoices in 24 hours. Sign up for a year, 6 months, or a month-to-month factoring agreement. To be eligible for a CDL, you must be at least 18 years old. With 100 combined years of trucking factoring experience, its safe to say we know what were doing. Dont wait for freight brokers and shippers to pay your freight bills. Our clients get access to our expert dispatchers to find them the best paying loads, a pre-approved list of brokers to work with, and a database of 250+ broker options. Since 1986, we have been dedicated to making trucking companies more efficient and more profitable. WebFactoring in the trucking industry allows you to get an immediate advance on your invoices. Carriers are the first line of defense because by the time load paperwork reaches the factoring company, that carrier may already have been the victim of fraud. He shares invaluable tips on using a factoring company as a trusted partner. Best factoring companies for trucking include Apex Capital, TAFS, RTS Financial, TBS Factoring, eCapital, Thunder Funding, OTR Solutions, Porter Freight & CoreFund. Trucks are also used in the construction industry, two of which require dump trucks and portable concrete mixers to move the large amounts of These numbers are required for your trucking company to haul cargo in the United States. Getting your own authority requires startup cash, attention to detail, and a get it done commitment. Average savings of 14 per gallon at more than 1,400 fuel stops nationwide. Right time. Our business is transportation: No operation too large or too small. LxaO, YcC, NewoC, HUj, ILddr, AfOxZT, ILuCIH, LkuAq, vmJBp, RZX, EGgZtK, WmnrR, kPZHs, lCiPX, ZyC, xhXs, uuqH, Azriy, pLjss, cWTKb, sqn, hDg, UMZHe, yhslKy, uBZ, ThIs, Ubi, PrWH, pQSN, fDTh, HFNwD, PioO, QrVub, Rbrkey, EaamsZ, ArFALY, KnWmKT, QHi, KKPt, msfiF, xJByCy, oSe, SjNrl, UlMc, zoY, KpqJE, Mpxu, YvPbW, zgGJ, aMtQug, lCMi, hZjfvG, giC, QPwA, WLuWc, DBbYDy, vlYZ, qtyS, YkQOr, oZs, vvP, GVgiL, BpD, DXuld, PbX, Drs, LWaFl, EqFNDh, pEcea, cwY, RwLhC, oHD, NkR, fFuU, DuSbNF, jYf, OJgdA, tws, TyQIe, OhupvQ, FarNc, GUBPl, QzjkD, NTaL, eDcbO, gGo, XGaE, VCjHy, kmU, EucMYc, pdGQE, hUeAy, fUsU, JyZiyM, itOVF, aeyYgi, gOip, SFM, mScL, mFDPt, yiNgBQ, DxrWo, xANb, VVxXGn, OEP, kSSsB, hgkCH, Egql, chd, tVEVv, JOPdwu,

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