Express Freight Fin

Our funding program helps ensure that motor carriers and freight brokers will have the cash flow they need to keep their trucks rolling.

[Express Freight Fin @FreightFinance]

Recourse factoring – the most common kind of factoring. With a full recourse program, should your customer fail to pay an invoice within the Recourse Period, for any reason, you will be asked to buy back the invoice.

https://t.co/mJqAFwLR4I

[Express Freight Fin @FreightFinance]

If you wish you could get a reliable source of funding without accruing debt, then consider invoice factoring. Invoice factoring, commonly called accounts receivable financing, allows companies like yours to get a steady stream of cash that can be put t...
https://t.co/dvQcNzMert

[Express Freight Fin @FreightFinance]

Factoring At The Speed Of Your Business

https://t.co/x3YyJ9d8RG

[Express Freight Fin @FreightFinance]

Shipping rates are experiencing downward pressure in some markets. Even as some states reopen during the pandemic in a move to kick-start the economy, shippers and brokers still maintain leverage over shipping rates, often to the detriment of carriers a...
https://t.co/koxt9NZ5AS

[Express Freight Fin @FreightFinance]

Charity drives to help workers in the trucking industry are nothing new. Truckers get sick. Truckers become temporarily incapacitated. Carriers go bankrupt. Whatever the reason, unemployment benefits are not always enough to sustain truckers and their f...
https://t.co/OwoOzSumuh

[Express Freight Fin @FreightFinance]

Despite a focus on safety, the trucking industry has been on the receiving end of expensive legal verdicts. These "nuclear verdicts" are court-awarded penalties and judgments that are over $10 million.

https://t.co/5bih0oIeLH

[Express Freight Fin @FreightFinance]

Small carriers may not have the pull or volume of businesses of larger fleets, but they can do things that large trucking companies can't. Small carriers can provide "last mile" services.

https://t.co/1gz8x8miDl

[Express Freight Fin @FreightFinance]

Hurricane Season started last week with three named tropical storms. The National Oceanic and Atmospheric Administration (NOAA) anticipates an above average hurricane season this summer, which will run from June into September.

https://t.co/TeeoGxffOo

[Express Freight Fin @FreightFinance]

Earlier this month, the House of Representatives proposed a successor to the FAST Act of 2015. While the Invest in America Act is a highway bill that is focused on infrastructure, there are a number of provisions that could directly impact the trucking ...
https://t.co/Ai4vzMsbEK

[Express Freight Fin @FreightFinance]

The ATA approached the United States Senate with a plan for national economic recovery, with a focus on the trucking industry. Throughout the COVID-19 pandemic and the economic downturn, the trucking industry has been on the front lines.

https://t.co/xwzuyOf1Oy

[Express Freight Fin @FreightFinance]

Truck drivers have been on the front lines of the COVID-19 pandemic for months, making hauls throughout the country for industries of all types. However, it is nearly impossible to pick up and drop off shipments, get food, or even top off the tank witho...
https://t.co/wC4Mx0vQiF

[Express Freight Fin @FreightFinance]

Cities across the United States are lifting restrictions and entering "Phase 2" of the reopening process. This means more businesses are opening their doors, which in-turn could result in trucking expansion.

https://t.co/coNV8zZ0C7

[Express Freight Fin @FreightFinance]

At the end of May, Minnesota classified truckers as "Essential Workers." The truth is that truckers have always been essential workers, regardless of state rulings. Truckers are more than essential – they are crucial to weathering every adversity our co...
https://t.co/VPr6xXUlTR

[Express Freight Fin @FreightFinance]

At the start of July, the United States-Mexico-Canada Agreement (USMCA) went into effect. While overtly, the agreement does not differ greatly from NAFTA which originated roughly a quarter of a century ago, The finer points could open up opportunities f...
https://t.co/U9MR7UrWDj

[Express Freight Fin @FreightFinance]

The COVID-19 pandemic has forced us all to rethink the way we do things. Entire industries have had to shift to stay relevant and top-of-mind with clients. Consumers are embracing e-commerce more than ever to minimize contact with others and follow the ...
https://t.co/xqJRyBDb5Q

[Express Freight Fin @FreightFinance]

Working capital is crucial to the success of trucking companies. However, as banks tighten credit requirements and lower lending limits, carriers need a reliable source of working capital to maintain operations.

https://t.co/hha8Vyhpdq

[Express Freight Fin @FreightFinance]

Last week, the Department of Transportation laid out new guidelinesfor truckers, including more flexible hours of service. Instead of adhering to imposed rest schedules, the new flexible HOS will give truckers more of a say in when they take their off-t...
https://t.co/DOvh1yZaKV

[Express Freight Fin @FreightFinance]

The Owner-Operator Independent Drivers Association is placing pressure on Congress to pass legislation that would help protect independent truckers and small trucking companies alike from less-than-ethical practices used by some trucking brokers.

https://t.co/SvOdOlPAhz

[Express Freight Fin @FreightFinance]

Shipping rates are experiencing downward pressure in some markets. Even as some states reopen during the pandemic in a move to kick-start the economy, shippers and brokers still maintain leverage over shipping rates, often to the detriment of carriers a...
https://t.co/koxt9NZ5AS

[Express Freight Fin @FreightFinance]

Charity drives to help workers in the trucking industry are nothing new. Truckers get sick. Truckers become temporarily incapacitated. Carriers go bankrupt.

https://t.co/OwoOzScLCJ