Truckers Recognize Parking Problem

Truckers Recognize Parking Problem

Truck drivers are scrambling to find a place to park their trucks overnight. While truckers use truck stops on the road, they run into a different problem at home. Many cities regulate the types of vehicles permitted to park in residential driveways, most saying that semi-trucks are too big. But, where can truckers park if not their driveways? Many truck drivers are resorting to parking their vehicles overnight in commercial parking lots behind malls, super centers, etc. This option, however, makes some drivers wary because of the potential…

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The Benefits of Factoring For Trucking Companies

The Benefits of Factoring For Trucking Companies

Owning a trucking company is no easy task, and although owning and maintaining any sort of business enterprise is a challenging task in the extreme, a trucking company manages to provide the business owner with an even greater amount of logistical dilemmas and problems. While every business in the world will typically suffer from, and therefore need to protect itself against the dangers of poor cash flow, this is a problem that is especially acute within the trucking sector. The…

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Solve Your Cash Flow Issues with Freight Bill Factoring

Solve Your Cash Flow Issues with Freight Bill Factoring

If you are in the trucking industry then you must be aware of how difficult it is to manage various expenses without enough cash in your hands. The payments that you are supposed to receive from your clients, government or non-government, usually come after a period of 30 to 90 days. In the meantime, you have to pay salaries to your drivers and other employees, pay rentals, repairs and maintenance of trucks. You might also have good proposals of bulk…

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The Benefits Of Non Recourse Factoring and Invoice Discounting

The Benefits Of Non Recourse Factoring and Invoice Discounting

Some but not all factoring companies (factors) are able to offer nonrecourse facility options. This may be in conjunction with either a factoring (factor collects the sales ledger) or an invoice discounting (the client collects the sales ledger) facility. The normal method of operation is that the client will apply to the factor for a nonrecourse credit limit in respect of any new customer that the client intends to sell to. The factoring company will research the client and decide…

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Freight Factoring Company – The Best Option For Trucking Companies

Freight Factoring Company – The Best Option For Trucking Companies

An invoice-factoring corporation is very alike to a freight factoring company; the only dissimilarity is the freight factoring that is used especially by transportation companies, which comprise brokerages and freight companies. In the freight business, these companies have faithful shippers and customers, but occasionally it still happens that some customers pay their invoices weeks and still months after the due date, which can cause serious cash flow harms and can have an effect on the enlargement of your trucking business….

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