Complete this form and a representative will call you quickly with more information. Find your next load on NextLOAD.com. Cash flow is king. WebDefinitely the Leader in Factoring when it comes to the trucking industry. No matching company found. These brokers also offer various value-added services that encompass transportation, logistics, and distribution. This can happen, for example, when the 3rd-Party Logistics company handles outsourced manufacturing and/or warehousing. 2022 RTS Financial Service, Inc. and RTS Carrier Services, Inc. All rights reserved. Combine fuel and factoring services to save money. Same-day pay, flexible contracts, non-recourse and recourse programs. find the right insurance for your company, visit the Department of Transportation website for the state where your company is based, the National Motor Freight Traffic Association website, What to Expect with a DOT Brake Inspection, New Entrant DOT Safety Audit for Trucking Companies. Copyright 2022 TBS Factoring Service, LLC | Website by. Find out how factoring works. North Dakota Trucking Company. Save money on every haul with the industrys best fuel card. Every client works with a personal, dedicated client representative who knows your business. This blog is the seventh in a series with Apex Experts sharing their industry knowledge. Freight factoring is when a trucking company sells its accounts receivable (invoices) to a factoring company like Apex at a discount. Some companies offer multi-modal solutions, this means that they offer more than one service, in many cases air and sea and in other cases air, sea, and road. Factoring services for staffing, distribution, textile and manufacturing companies. For more information, visit the FMCSAs website. Our friendly trucking support team is your extended family. Dont wait for freight brokers and shippers to pay your freight bills. The Worst States for Trucking Companies California. Our clients get access to our expert dispatchers to find them the best paying loads, a pre-approved list of brokers to work with, and a database of 250+ broker options. With so much conflicting information available on the internet, its hard to keep track of all the steps you need to follow. Getting your own authority requires startup cash, attention to detail, and a get it done commitment. If you haven't already, learn how to create a business plan and find the right insurance for your company, and be sure tobookmark our Complete Guide to Trucking Terms for a comprehensive trucking dictionary. Starting a trucking company can be overwhelming, time-consuming and complicated. [1], Courier companies are usually spin-offs from freight forwarders. Use RTS Pro to find freight brokers with strong credit and payment histories. We offer paperwork services, compliance software, and professional assistance every step of the way. However, because of the lack of exposure to the industry, 80 percent of them fail. WebPRESTIGE CAPITAL. There are no hidden fees or interest charges. Plus, you can access free credit data on 85,000 brokers and shippers, find freight and more on our exclusive RTS Pro mobile app. Youll have all the credit information you need to make the best business decisions. There are thousands of freight companies in business worldwide, many of which are members of certain organizations. Because you dont work a regular 8-to-5, were now available 24/7. Whenever we have a question, our rep is there to give us answers quickly., We have been with Porter Billing for almost 3 years. These companies are divided into several variant sections. We are the experts in invoice factoring and accounts receivable management. In 2011, Porter Capital acquired an experienced transportation factoring company and formed Porter Billing Services, LLC, now named Porter Freight Funding, which specializes in funding solutions for the trucking industry through freight factoring by providing 24-hour pay of freight invoices. The form designates a person in each state where your company operates to act as a legal process agent. For example, if your company is based in Missouri but you are sued by someone in Georgia, you need an attorney in Georgia who can receive the legal complaint and communicate it to you and your local attorney. This blog is the fifth in a series with Apex Experts sharing their industry knowledge. If so, who referred you? Chris Courts, President and Managing Director for TCS Fuel, a wholly owned subsidiary of Apex Capital, brings 25-plus years of experience and expertise in the fuel card industry. That review includes a mandated dispute period in which your application is posted to the Federal Register for 10 business days. We want our clients to tell their stories. Our friendly trucking support team is your extended family. We offer the fastest freight factoring for trucking companies with no hidden fees, no long-term contract restrictions, and no required minimum volume demands. The proliferation of freight brokers called for an increase in financial integrity and liability of these companies, which has led to the passing of the Moving Ahead for Progress in the 21st Century Act (MAP-21). It is when your companys accounts receivable are converted into cash by selling the freight bill of lading or outstanding invoices to us, the factor. WebFor more than 80 years, the Nebraska Trucking Association has been advocating for and promoting the trucking industry in Nebraska. Please enter your DOT or MC number below to get started. Porter Freight serves small and mid-sized trucking companies throughout the United States by providing a flexible approach to our clients working capital needs. WebCalculating the annual fixed cost per mile of owning a truck alongside an annual average of variable costs will provide owner operator trucking rates per mile they need to run a profitable business. With TBS, you can defer up to 50% of your insurance down paymenteach year in addition to the initial sign up down-payment. So we like to feature our great clients as much as we can. Get fast, same-day pay for your loads. Find additional information with the Owner-Operator Independent Drivers Association. You must register using your companys USDOT and MC numbers. [3] Prior to June 2012 when the bill was signed by President Obama, the surety bond coverage required to hold a broker license was $10,000. If you operate a trucking company that performs heavy hauling or is looking to start, check out this guide to learn more about how the [], portercap_admin2022-11-18T21:09:26+00:00November 18, 2022|, Heater Settings for Winter Driving by an Alaskan Truck Driver Ice Fog When you encounter ice fog, a very hot windshield will be required. Another regulation that protects carriers and shippers is the freight broker bond - freight brokers must get bonded in order to operate legally. Learn more about invoice factoring. We represent more than 860 companies from every part of the state. Mon - Fri: 8AM - 5PM MST 866.834.2746. She treats you like your one of the family. This is typically done through the Secretary of State's office. On December 12, 2015 the FMCSA brought into effect the United Registration System. Average savings of 25 per gallon at over 2,000 fuel stations, Point-of-sale fuel discounts at more than 750 Pilot Flying J stations nationwide. Prepaid or credit lines. Now you can get paid even faster with our new blynk digital payment system. WebDAT Load Board Right load. If your customer pays their invoice in 60 days, you will pay the APR for 60 days as well on top of the factoring fee. The more we share our stories, the more we learn. The IFTA agreement was established to simplify the reporting of fuel used by trucks operating across the lower 48 U.S. states and some Canadian provinces. Youll get access to a FREE fuel card with advances and discounts to save you money throughout the year. Substantial savings on diesel fuel. Please review your entries above and fill in a valid value for each required field. Each state has different testing standards for CDLs. Our rep, Dawn, is very professional and helpful. Simply click on the Live Chat icon in your app to receive 24/7 account service. It is no different for freight carriers, especially small to medium sized trucking companies and owner-operators. Our tools are user-friendly and specifically designed for independent trucking companies. We do that with client success stories. Also, upon completion of the Apex Startup Program, you are automatically pre-approved for Apex factoring. Most commonly they have a vast network and access to a library of freight carriers and search for the right availability based on customer specifications. To be successful, a trucking company needs to stay loaded with freight from trusted brokers and shippers. *Average savings of 69-cents per gallon is based on actual in-network TCS client transactions for Q3 of 2022. For more information on the form, visit www.irs.gov. The most common multi-modal way of shipping is referred to as inter-modal meaning truck pickup to rail to truck delivery. Best Factoring Service for Trucking Companies, Offering same-day funding, a 97% advance rate and an industry-leading fuel card program, Increasing cash flow for welding, trucking, drilling and other services that support active oilfields, Speeding up your cash conversion and building more working capital for your company, Building your working capital to address operating expenses and seasonal demand, Meeting payroll obligations with same-day funding on all of your receivables, Funding receivables within 24 hours to help you operate and expand your business. Obtaining a license involves an extensive background check, CDL training, a written permit exam and a driving test. The UCR system was created to verify active insurance coverage in each state where a motor carrier operates. You will receive your MC and USDOT numbers after the application is filed, but your request for authority must still be reviewed by the FMCSA. Apexs 24/7 Factoring is factoring unplugged and transformed. WebFreight companies are companies that specialize in the moving (or "forwarding") of freight, or cargo, from one place to another.These companies are divided into several variant sections. If you're just starting out, owning and operating a trucking business can be overwhelming. TBS uses the same system to obtain your MC#/USDOT Number. This checklist walks you through all the steps necessary to start a trucking company,gain your authority and operate legally as an interstate trucking company. Simple, easy uploading of documents using our mobile app or website. The FMCSA also provides funding for states to conduct roadside truck inspections and other safety programs. But we do much more than buy freight invoices, we provide our factoring clients with a truckload of services all aimed at keeping the cash flowing. Driving distances without a load can't be entirely avoided it's a natural [], portercap_admin2022-11-21T21:56:26+00:00November 21, 2022|, Heavy haul trucking is a popular method for transporting goods and machinery across the U.S. Delivering experience, knowledge and factoring solutions in a variety of industries. Speak your heart out on any trucking related problems or services. We know the work it takes to build and run a successful trucking company. As well as its factoring work, Porter provides access to a dispatching network with pre-approved brokers and shippers and free fuel cards to truck drivers with fuel advances and discounts at chains across the United States. Sign Up N0w Grow your business for the long haul. Get paid on each invoice within 24 hours or less. Receive top paying loads with our dispatching network. We offer flexible contract options for our clients. Move more freight with access to over 1.7 million trucks on the DAT One Load Board network, plus tools to maximize your private network of carriers. Waiting for invoices to pay is a drag! But, it doesnt have to be. Exchange your invoices for cash, and youll be able to take care of operating expenses without having to take on debt or wait 30-60 days to process your invoices. Get significant savings at more than 2,000 fuel stations and credit lines of up to $2,500 per truck, per week. The TCS Fuel Card offers clients from large fleets to independent owner-operators a complete fuel management system. Typically, freight brokers do not "fingerprint", or touch, the freight. Trucks are also used in the construction industry, two of which require dump trucks and portable concrete mixers to move the large amounts of While shipping by sea could take longer than shipping by air, the latter is generally more expensive. There are no hidden fees what you see is what you get. Factoring for oilfield services companies. Contact us today to learn more! Factoring for trucking companies operating in Mexico. WebTAFS is a trucking factoring company that provides owner-operators accounts receivable financing, a.k.a. 1 in the Large Employer Category among the Best Companies to Work for in Fort Worth, is moving to. Would you like to be paid the same day you deliver a load, rather than wait for 30 to 60 days? With 24/7 factoring and payment options, you're always in control. Move more freight with access to over 1.7 million trucks on the DAT One Load Board network, plus tools to maximize your private network of carriers. Mobile and web app for factoring, fuel discounts, credit reports and more. Create your To learn what your state requires, pick up a CDL manual at your local Department of Motor Vehicles office. WebFactoring in the trucking industry allows you to get an immediate advance on your invoices. Find the load board package that best [] From the initial transfer from our previous company to date, we have had excellent customer service. Easy-to-use trucking software for all of your daily operating needs. Competitive advance rates and scalable funding that grows with your company. Big savings at more than 2,000 fuel stations and credit lines of up to $2,500 per truck, per week. At RTS, we offer same-day funding with no hidden feesand access to fuel discounts at more than 2,000 fuel stations nationwide. Facebook page opens in new window. RTS Financial and RTS Carrier Services offer an integrated, easy-to-use solution for factoring, fuel discounts and trucking software. Freight companies are companies that specialize in the moving (or "forwarding") of freight, or cargo, from one place to another. Apex Capital Corp Moves Headquarters to Renowned City Center in Fort Worth Fort Worth, Texas Apex Capital Corp, ranked No. We credit check all your brokers to avoid you working with untrustworthy customers with poor pay terms. We offer the best factoring rates in the transportation business. choosing the right factoring company), can definitely be a silver lining to you. Serving world-class customer service since 1995, Apex began when friends David Baker and Dean Tetirick pooled their resources to open a company that makes a difference. WebRTS Pro is an all-in-one mobile solution for your trucking company, providing quick access to your fuel discounts, factoring services, broker credit ratings and trucking software. Since 1986, we have been dedicated to making trucking companies more efficient and more profitable. The rule allows your company to have a single fuel license and requires you to file quarterly fuel use tax returns with the state where you are based. See what our clients say about factoring with us, Meagan Graessle is one of the BEST customer service reps. She is so very helpful and always friendly. WebProfit more. Apex buys freight bills, assists and inspires growth and success in small to medium-sized trucking companies. Before your company can begin operating, there are numerous government requirements you will need to meet and also keep current. Non-trucking use: This is coverage for accidents if youre hauling loads for another person or company. We have used them for 1 1/2 years and have always been completely satisfied. Running an independent trucking company can be overwhelming, and you wont always have a computer on hand to handle your finances. Search4Freight is an exclusive freight load board for carriers and brokers that has new loads each day in real-time. We Are Rated 5 Stars! For more information, visit the Department of Transportation website for the state where your company is based. We provide reliable cash flow solutions, insurance down paymentassistance, 24/7 account service, compliance & permitting assistance,free authority processing,and much more. We are having technical difficulties at this time. WebEasiest Load Board To Find Truck Loads Quickly. Then, the factoring company gives the trucking company a MaxTruckers Buddy your trucking consultants, listen with undivided attention to resolve your concerns. He understands the funding issues many startups and small-to-medium size trucking companies face. WebGet the best loads first using trucking's largest load board network. [citation needed]. Fuel is the top cost for independent trucking companies. Sign up for a year, 6 months, or a month-to-month factoring agreement. TBS provides free, unlimited, top-quality credit checks on every company you haul for. Our accounts receivable financing programs are designed to free up cash flow for your trucking company by funding your unpaid invoices in 24 hours. Use the Apex Fuel Card and Fuel Finder to start saving an average of $0.69*/gallon on fuel today! To be eligible for a CDL, you must be at least 18 years old. Load Board and beyond. Leading trucking service providers for your business success, Automated page speed optimizations for fast site performance, Festival Offer: Get Free Factoring - 0% Fee (till 31 Dec 2022). One requirement to gain interstate operating authority is to register an up-to-date BOC-3 form with the FMCSA. [citation needed], A recent trend is for freight brokers to specialize in offering automated platforms to shippers so that they can tender their own loads. With 100 combined years of trucking factoring experience, its safe to say we know what were doing. Factoring for oilfield services companies. You can acquire both numbers by registering your company with the Federal Motor Carrier Safety Administration (FMCSA). MaxTruckers Buddy your trucking consultants, listen with undivided attention to resolve your concerns. Find your next load on NextLOAD.com. The large down payment on insurance for a truck is one of the main challenges owner-operators face. The site features route planning and customer-specific discount prices nationwide. WebThe trucking industry is critical to our economy, many entrepreneurs want to start a business in this sector for a high return on investment. Factoring for trucking companies operating in Mexico. Attract quality carriers by establishing and building credit through factoring. International trade finance in 40+ countries. 301 Commerce St. Suite 1200 They offer a variety of supply chain and distribution-related practices and techniques in order to improve in-house logistics. Fuel costs can account for a large portion of a trucking companys total operating expenses. WebHARMFUL CONTRACT TERMS: Trucking companies face issues mainly on harsh contract terms (made in favor of factoring companies). A product of Apex Capital, NextLOAD.com is a free load board designed to make finding great loads fast and easy. An IRP license plate issued by your companys home state allows your truck to operate in all states, as well as most Canadian provinces. Get the lowest insurance quotes from our trusted insurance partners. 877.944.4455 Fax: 201.944.9477 WebTransport Topics is the nation's logistics and trucking news leader, with award-winning coverage of the regulatory, technology, business, and equipment sectors. Getting your trucking authority to start your own trucking business can be downright intimidating. With freight bill factoring through TBS, you can get paid hours after delivering a load. Same-day funding for trucking companies. Insurance Deferred Down Payment Program (DDP). WebRecourse factoring is a factoring agreement in which a trucking company sells its invoice receivables to a factoring company with the understanding that if the invoice remains unpaid after the recourse period for any reason (usually 60 to 90 days), the trucking company will be obligated to buy the invoice back. WebThe International Factoring Association's (IFA) goal is to assist the Factoring community by providing information, training, purchasing power and a resource for the Factoring community. To get both yourMC and USDOT numbers, you must completethe Motor Carrier Identification Report (MCS-150) and Safety Certification Application. He shares invaluable tips on using a factoring company as a trusted partner. We talk to clients by phone and sometimes on camera for a video about their company, what they haul, their thoughts on working with Apex Capital, and especially any advice they might have for somebody looking to start a trucking company. 2022 Apex Capital Corp. All rights reserved. ; VERY LESS TRANSPARENCY : With our factoring services, you get funding on open invoices within 24 hours and simple, transparent pricing with no hidden fees. Freight companies use specialized software to track the large numbers of shipments. Our business is transportation: No operation too large or too small. Is Factoring Cost Effective for Your Many truckers don't make a profit during those transitional times throughout the day or when going home. Who will you trust to help make your trucking company as successful as it can be? Being on the road is tough as it is, [], portercap_admin2022-11-21T14:35:04+00:00November 21, 2022|, What happens when truckers drive their vehicle without a load? Many guidelines, most under the Federal Motor Carrier Safety Administration's SAFER System,[5] are available to freight brokers to screen potential carrier safety and, if it is proven that the broker did not utilize these government provided tools, liability can be transferred to or shared with them in the result of an injury accident. Here is a step-by-step guide to gaining your authority. Thank you..We really appreciate all you have done for us.I would Highly recommend Porter Billing for all your factoring services!! For over 50 years, TBS has helped truckers run their business smoothly and efficiently. Fuel cards are great, but they should do more for your trucking company than just provide a few cents off each gallon of diesel. WebWhat Is Invoice Factoring? Skip to content. RTS Financial, a factoring company founded in 1986, offers working capital solutions to businesses across multiple industries, but with a clear focus on the trucking industry. As a trucking company, youre in the business of hauling freight. Other dispatchers specialize in certain services. A product of Apex Capital, NextLOAD.com is a free load board designed to make finding great loads fast and easy. Apex factoring for trucking companies is the fastest way to get paid. To learn more about UCR, visit your home state's Department of Transportation website. Always a pleasure doing business with her. JLP. Speak your heart out on any trucking related problems or services. The Apex Startup Program can simplify the process. Offer Quick Pay programs to your carriers. Companies that specialize in the moving of cargo from one place to another, The examples and perspective in this article, Learn how and when to remove these template messages, Learn how and when to remove this template message, Transportation Intermediaries Association, British International Freight Association, Federal Motor Carrier Safety Administration, "Moving Ahead for Progress in the 21st Century Act (MAP-21)", "The Present and Future of Trucking, our Country's Broken, Inefficient Economic Backbone." I refer them to everyone!" Some freight companies specialize in certain parts of the market. Now hes sharing that fuel card wisdom with you. California is quite the headache for small trucking company owners. WebSteady cash flow in 24 hours. Start your trucking company with Apex! Complete this form and a representative will call you quickly with more information. Part of the U.S. Department of Transportation, the FMCSA develops and enforces federal safety standards for commercial vehicles. Shipping by rail could also be complemented by piggybacking the freight onto a truck so it can be delivered to the receiver. Founded in 1969, Riviera Finance is nationally recognized as a leader in business financing and a top invoice factoring company. Riviera Finance provides full-service, non-recourse invoice factoring to growing companies. When you factor your trucking companys freight bills with Apex, you can receive payment in minutes after your freight invoices are purchased. [2] In order to obtain a license to broker freight, a freight brokerage must purchase a surety bond or trust agreement with the Federal Motor Carrier Safety Administration (FMCSA). The Apex Fuel Discount Program is free and it includes the Apex Fuel Card, the Apex Fuel Finder, and even a FREE Fuel Analysis; all designed to ensure you are getting the best possible savings. To learn more about IFTA, visit your states Department of Transportation website. Freight factoring is the answer and a valuable financial tool. The U.S. Because cash flow is king. Avoid costly mistakes with help from industry experts. Working with a freight factoring company makeslife easier. For more information, visit the National Motor Freight Traffic Association website. ~Debbie, Porter Freight Funding is the BEST!! Existing freight brokers with a USDOT, MC, or FF number could continue to do business until April 14, 2017 before they must switch to the electronic online URS system. Some of the worlds largest carriers, owner-operators, and freight brokers rely on our load matching services to find loads and move truck freight.. See the best load board for matching freight for truckers RTS Pro is an all-in-one mobile solution for your trucking company, providing quick access to your fuel discounts, factoring services, broker credit ratings and trucking software. The motor carrier (MC) number, which is also known as operating authority, identifies the kind of trucking business you operate and the kinds of goods you are permitted to haul. Any truck that weighs 55,000 pounds or more is subject to the federal heavy-highway vehicle use tax. Free Fuel Credit Card: Weekly Fuel Credit Of $2000, owner-operators trust us & have bought their services on MaxTruckers, partnered with us so that you can compare easily & transparently, for all trucking service plans available online, support built in with every service for help, when you need it the most, TrustPilot Rating 4.9 Stars (highest in trucking), All round assistance, even post service purchase. How Factoring Can Be a Crucial Ingredient in the Success of Trucking Companies, How to Make Your Fuel Card Work for You and Your Trucking Company, How To Spot Freight Fraud Before Hauling a Load, Apex Capital Moves Headquarters to Downtown Fort Worth. We are trusted by thousands for improving trucking businesses freight operations, increasing cash flow, getting paid fast, and providing clients with the resources they need for success. Fuel Card Program. Some freight dispatchers provide end-to-end services, managing everything from finding the loads to ensuring shippers pay their invoices on time. Thunder Funding is far and away the best factoring company I have worked with. The main difference between a traditional freight broker and most 3rd-Party Logistics Providers is that freight brokers do not actually touch (fingerprint) the freight, whereas 3rd-Party Logistics providers often do. TBS Factoring Service makes trucking easier with unmatched technology and customer service. We have true non-recourse and recourse factoring programs to meet your trucking companys needs. Trucking is a heavily regulated industry. If a freight company does not have its own negotiated carrier rates, there are other types of technology and partnerships that can be used in lieu of a transportation management system. Learn more about the RTS and Pilot Trucker Bundle! Connecting with us after regular business hours is incredibly easy and exclusively available via the TBS: Get Paid app. In accordance with the Health Care Transparency Requirements, Blue Cross Blue Shield medical plan carrier creates and publishes the Machine-Readable Files on behalf of Apex Capital Corp. To access the Machine-Readable Files, please click on the URL link here. Porters most valuable asset is its staff that has 100+ combined years of freight factoring experience. Porter Freight Funding is headquartered in Birmingham, Alabama, and has an operations office in Hartselle, AL. Hassle less. Combine fuel and factoring services to save money. YVETTE BENITEZ. 800-511-6022 The best way to accomplish a hot windshield is with the temperature on high, set to [], We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation, Differences Between Non-Recourse and Recourse Factoring. One of our sales reps will be in touch with you shortly with more information. In order to operate heavy trucks, all of your companys drivers need valid commercial drivers licenses (CDLs). With factoring, companies can get an advance on invoices in 24 hours or less. Prestige Capital 400 Kelby St., 10th Floor Fort Lee, NJ 07024. Average savings of 14 per gallon at more than 1,400 fuel stops nationwide. Let our team of highly-experienced experts guide you through the process of getting motor carrier operating authority to ensure all your paperwork is in order so you can start your trucking business strong. The plate requires an annual renewal fee. While you might have numerous questions, one of the biggest concerns that many aspiring owner-operators have is whether to buy a new or a used truck. Skip the bank processing times AND save money on fuel! At Apex, we know the importance of cash flow. Running an independent trucking company can be overwhelming, and you wont always have acomputer on hand to handle your finances. They arent regulated by a government institution formally. We help trucking companies grow faster, control costs and improve efficiency. To be successful, a trucking company needs to stay loaded with freight from trusted brokers and shippers. Using a fuel card to get discounts on diesel fuel can add up to big savings that could lead to bigger profits for your trucking business. Mobile and web app for factoring, fuel discounts, credit reports and more. International trade finance in 40+ countries. Let's try again. [citation needed]. We are please with the excellent relationship that we have with our Porter team. ~Jennifer Powell, portercap_admin2022-06-20T16:23:07+00:00May 13, 2022|, If youve been driving a truck for years or are only a few months in, you know that consistent cash flow is critical in the success of your trucking company. WebWe are a factoring company that provides superior service at a great rate. With a simple, low flat rate, you can be sure you're always funded to get DAT Load Board subscribers get full access to freight-finding tools and end-to-end solutions. Founded in 1991, Porter Capital Corporation started providing working capital services to various industries, including the trucking industry. Our more than 500 motor carrier members range from many single-truck owner-operators, all the way to some of the nations largest companies. These numbers are required for your trucking company to haul cargo in the United States. She goes on and beyond to make sure you are satisfied!!! Anywhere. It has more traffic and urban congestion than any other state, and is, overall, somewhat of Create your free load board account today! With 100 combined years of trucking factoring experience, its safe to say we know what were doing. Get the best factoring rates and better fuel discounts with RTS and Pilot Company. We improve and provide consistent cash flow for your small or large trucking company. Give us a call, or request a callback or drop us an email, were here to help. Call Us Toll-Free! We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation. Company Name * Email * Phone * Did someone refer you to RTS? What every trucking company needs to know about factoring receivables. In Schramm, the Courts opened the door for freight brokers to be held legally liable in the case of a trucking accident, involving a carrier whom they hired to carry freight, that resulted in injury to a person. They encourage us to do better for ourselves and our company. If you want to become an owner-operator truck driver, finding a trucking company with a lease-purchase program is a perfect way to get started. Please fill out our form and we will be in touch with you shortly. So instead of waiting 30, 60, or even 90 days for customer payment, companies use factoring to eliminate the wait on customer payment. Best factoring companies for trucking include Apex Capital, TAFS, RTS Financial, TBS Factoring, eCapital, Thunder Funding, OTR Solutions, Porter Freight & CoreFund. Use your working capital to help improve and expand your business, and let TBS take care of your back-office billing and collections. What Is Factoring? (Nov 2016)", https://en.wikipedia.org/w/index.php?title=Freight_company&oldid=1114019962, Short description with empty Wikidata description, Articles needing additional references from September 2013, All articles needing additional references, Articles with limited geographic scope from May 2012, Articles with multiple maintenance issues, Articles with unsourced statements from July 2018, Articles with unsourced statements from December 2016, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 4 October 2022, at 11:14. Fort Worth, TX 76102. Enjoy the best parts of owning your trucking business. There are more and more alternative factoring companies that take on the practice of charging both a factoring fee and an APR on the money they give you. With our exclusive TBS Fuel Finder, customize your route plan to find the biggest discounts on fuel nationwide. Here at Apex we are proud of our clients. TBS funds fuel cards MondaySunday until 11:00PM (central time). Plus, save up to 90 a gallon on fuel by utilizing our fuel discount cards from Comdata and EFS. This period is to seek out public comment from anyone who might contest your application for authority. What every trucking company needs to know about factoring receivables. QuickTSI has created a collection of Freight Factoring Companies in the United States for the trucking industry. Waiting on invoices to be paid in full makes it difficult to grow your business. They give avenues to help you go out on your own. With our exclusive TBS Fuel Finder, you get access to real-time data. With our industry-leading TBS: Get Paid app, you can manage your finances anywhere and anytime. That means that doing business with factors, quick pays, and even banks requires real-world, fine-print knowledge. NOTE: To file for DOT registration, you must first register as a business through your state. WebA truck dispatch service helps owner-operators manage many of the back-office aspects of running a trucking company. There are various types of courier companies, such as airfreight courier companies or road couriers. Dont let a large down payment stand in the way of your dream. Give us a call, or request a callback or drop us an email, were here to help. To pay taxes due on your heavy trucks, you must complete and file a 2290 tax form with the IRS on a yearly basis. He knows all you need to know about fees, fraud, and discounts at the pump. Thats a very important question particularly when it comes to cash flow, which could make or break a burgeoning company. More than two decades later, Apex continues to treat clients and partners with respect just as it takes care of its employees. Boost your cash flow with TBS by getting paid the same day you deliver a load. Freight brokers are federally regulated and bonded companies. YOU are our number one priority. Bundled Services. Equip yourself with information. For example, international freight forwarders ship goods internationally from country to country, and domestic freight forwarders, ship goods within a single country. Factoring has become extremely common in the trucking business. As a trucking company, youre in the business of hauling freight. For more information on the BOC-3 form, visit www.fmcsa.dot.gov. Sign up today to unlock every feature in the DAT One mobile app, starting at $45/mo. We put together a list of red flag signs of freight fraud and we highlighted tools and services we have at Apex Capital to help arm carriers before they haul a load. No matter the industry, Integrity is the factoring company for your business. Sign up Now more than loads & trucks posted annually. WebTrucking Factoring. Get the most relevantmatches for your business the right loadfor the right truckat the right price,no matter where you are. Effective October 1, 2013, the surety bond requirement increased to $75,000. WebThe trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over landtypically from manufacturing plants to retail distribution centers. ProTransport software helps with accounting, dispatch, safety, maintenance and much more. WebLoad Board and beyond. 123Loadboard is an industry leader in load board solutions with affordable web and mobile app platforms. There are numerous reasons to choose TBS as your factoring and back-office support team, but here are few quick reasons why so many truckers are part of the TBS family. The SCAC is a privately controlled code used to identify different transportation companies. If a carrier files a claim, the bond would cover it. Its at the core of everything we do to help keep trucking companies in business. They engage in helping shippers find the best price with the best carrier for any given load. Apex's freight factoring is world-class with a dedicated focus on customer service. No 1-800 numbers, call your representative directly. Trust TBS to provide that extra-mile service so you can go further. It gives our valued clients who qualify the option to get funded overnight and on weekends through our blynk digital payment system for invoices submitted after cut-off time. Fuel is one of the top costs for independent trucking companies. When you start a new trucking business, you may need to get business loans or find investors to pay for startup costs. DOT number is used to track your companys safety record and compliance with regulations. WebWe help trucking companies start and grow their businesses. Apex Capital Corp is the leading full-service factoring company for truckers. Navigating your way through the many government regulations for trucking companies can be a challenge. Before your company can begin operating, there are numerous government requirements you will need to meet and also keep current. The more we exchange money electronically, whether it be through purchasing goods or conducting business with associates, the more vulnerable we all are to fraud. Find out how factoring works. Why thousands of trucking companies chose RTS Financial to boost their cash flow. Delivering experience, knowledge and financial solutions in a variety of fields. During the 14-day protest period, TBS will establish your BOC-3 while you file for insurance. When you choose TBS, youll receive exclusive access to our cutting-edge technology to grow your business and make financing easier. If you plan to haul military, government, international or intermodal loads, you will need an SCAC code. CLIENT LOGIN. WebFreight Factoring Companies can provide the solutions a trucking company needs to work smarter and grow business. Learn more about our factoring services and start fueling your cash flow today. There are various methods of shipping goods; by air, road, sea, or rail. factoring. Its there to keep the cash flowing so your trucking company succeeds. Learn more about our factoring services and start fueling your cash flow today. WebTBS Factoring Service makes trucking easier with unmatched technology and customer service. Let's start by finding your company with your DOT/MC number. 2022 RTS Financial Service, Inc. and RTS Carrier Services, Inc. All rights reserved. Whether you own a small fleet or a single truck, TrueNorth makes it simple to run your business and earn more money. Such organizations include the IATA (International Air Transport Association), TIA (Transportation Intermediaries Association) the BIFA (British International Freight Association), or the FTA (Freight Transport Association) and various or other regional organisations. WebTo start your trucking business, you need a Motor Carrier Authority from the Federal Motor Carrier Safety Administration (FMCSA). ; POOR GOVERNMENT REGULATION: Factoring for trucking, is an alternative to other finance solutions, like bank loans. A shipping method is determined by evaluating three factors: time, cost, and product characteristics. Right time. Customer satisfaction is at the heart of everything we do. You must be at least 21 to drive a truck from state to state. Mike Thrasher, Chief Sales Officer for Apex Capital, brings 20 years of experience in sales. Trucking is a heavily regulated industry. Work with dedicated representatives who will always answer your phone call or email. 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