Freight factoring is an economic solution for trucking companies to keep the cash flow in hand by allowing immediate payment on freight invoices. Rather than wait for customers to pay, factoring companies buy invoices at a discount and send funds immediately. Owner-operators and trucking firms can pay expenses such as fuel, wages, and repair costs using this service. Factoring companies also provide credit checking, collection agency services, and fuel rebates. Through freight factoring, trucking companies can stabilize operations, expand effectively, and prevent economic pressure while they concentrate on making deliveries.
