Factoring

Factoring is a financial service where a business sells its accounts receivable to a third party at a discount to get immediate cash. In the context of freight, trucking companies use it to get paid for their invoices faster than waiting for clients to pay.

Why it’s in the news: It is in the news as trucking companies increasingly use factoring to manage cash flow and address the financial pressures of the industry.

Latest on Factoring

• Freight Factoring: Why OTR Funds in 2 Minutes, Non-Recourse
• Credit vs Factoring in Trucking: It’s About Financial Fit
• Chargebacks in Trucking Factoring: What They Cost You
• Freight Factoring Requirements: What Trucking Companies Need to Qualify
• Freight Factoring Rates: How Much Does Factoring Really Cost?
• Demystifying Factoring: How It Can Become a Real Business Tool for Carriers

Connections

3 entities linked to Factoring across the news graph.