Freight Factoring – What It Is, How It Works, & How Much It Costs

Freight Factoring – What It Is, How It Works, & How Much It Costs

Freight factoring is a form of accounts receivable financing (aka invoice factoring) that allows trucking companies, including owner-operators, to turn unpaid invoices into immediate cash. It’s common for a trucking company to use freight factoring to cover cash flow gaps while they wait to be paid by shippers or freight brokers. In this article, we’re…

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