Commonly Asked Questions About Freight Process Agents
Does your company own a commercial vehicle to transport goods and property? Perhaps you have a brokerage and act as a conduit between shipper and carrier. Regardless, to obtain operating authority, you must be legally registered in all states in which you do business. The Federal Motor Carrier Administration (FMSCA) requires all motor carriers and […]
Owner-Operator Trucking Start-Up Costs
Due to the driver shortages in America, new trucking companies have ample opportunity to enter the shipping and freight industry and make an immediate impact. Perhaps you are a driver ready to jump from employee to entrepreneurship. Or maybe you have never been in the trucking industry but see the dollar signs in a career […]
Working Capital Finance: What Is It and How Does It Work?
Funds available after expenses are considered working capital or liquid cash. But what if you don’t have enough cash to run your business and grow simultaneously? In such instances, you can leverage the cash liquidity of other convertible assets (i.e., bearer bonds, accounts receivable). You don’t want to miss opportunities due to cash flow! Boosting […]
What Is Notice of Assignment?
Invoice factoring is a growing trend amongst small and mid-sized businesses, set to grow by 8% each year. Factoring provides tremendous benefits to small businesses looking to increase cash flow and pay employees/bills on time. Notice of assignment is a critical feature in factoring, as it alerts both the business and the customer that the […]