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Why Should You Choose
Us. Call our
Debt factoring and invoice discounting We
saw on page 542 in Chapter 15 that WHAT'S THE DIFFERENCE BETWEEN FACTORING
AND INVOICE DISCOUNTING? The main difference Trucking A most important element in the
distribution and collection Freight moving in carloads is delivered at team
tracks, at freight sheds, or at
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Turn Your Freight Bills Into Cash in -1- Contact Us Call our More Trucking Information There are many situations where truck factoring can help business meet its cash flow needs. By providing a continuing source of operating capital without incurring debt, factoring can provide growth opportunities that can dramatically increase the bottom line. Virtually any business can benefit from truck factoring as part of its overall operating philosophy Cash flow is one of the main reasons businesses fail. At one time or another, every business, even successful ones, have experienced poor cash flow. Cash flow does not have to be a problem any more. A solution is available. The solution is called truck factoring., factoring is the process of selling accounts receivable to an investor rather than waiting to collect the money from the customer the concept has been around for thousands of years. He describes factors as investors who pay cash for the right to receive the future payments on your invoices. "A receivable or an invoice which has not been paid yet has value. It is a debt your customer has agreed to pay in the near future."
Trucking Factoring can offer many benefits to cash hungry companies. Instead of having to wait 30,60,90 days or longer for payment on a product or service that has already been delivered, a business can factor (sell) its receivables for cash at a small discount off the fact amount of the invoice. Payroll, marketing efforts, and working capital are just a few of the business needs that can bemet with this instant cash. "There have been cases where I have seen factoring provide the means for a manufacturer to replenish inventory and make more products to sell without having to wait for earlier sales to be paid,". "Factoring isn't just a cash management tool for manufacturers. Almost anytype of business can benefit from factoring." Factoring trucking is
especially appealing to young and rapidly growing companies. Since the process shortens
their business cycle, these businesses can grow faster. The ability to make
more products to
sell while waiting for invoices to be paid is largely eliminated. Such
businesses usually net
much more profit with factoring than without, even when the discount is
considered. 2007 NAICS Definition484230 Specialized Freight (except Used Goods)
Trucking, Long-Distance US This industry comprises
establishments primarily engaged in providing long-distance specialized
trucking. These establishments provide
trucking between metropolitan areas that may cross North American country
borders. Cross-References. Establishments primarily
engaged in-- • Providing local
specialized freight trucking (except used goods)--are classified in Industry
484220, Specialized Freight (except Used Goods) Trucking,
Local; • Providing long-distance
general freight trucking including all North American international travel--are
classified in Industry 48412, General Freight Trucking,
Long-Distance; • Providing trucking of used
household and office goods--are classified in Industry 484210, Used Household
and Office Goods Moving; and • Collecting and/or hauling
hazardous waste, nonhazardous waste, and/or recyclable materials within a local
area--are classified in Industry 56211, Waste Collection. General Freight Trucking, Local This industry comprises
establishments primarily engaged in providing local general freight
trucking. General freight establishments
handle a wide variety of commodities, generally palletized and transported in a
container or van trailer. Local general
freight trucking establishments usually provide trucking within a metropolitan
area which may cross state lines.
Generally the trips are same-day return |
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Trucking Industry Classification From 2007 NAICS
| Agricultural products trucking, local | Specialized Freight (except Used Goods) Trucking, Local | |
| Automobile carrier trucking, local | Specialized Freight (except Used Goods) Trucking, Local | |
| Automobile carrier trucking, long-distance | Specialized Freight (except Used Goods) Trucking, Long-Distance | |
| Bulk liquids trucking, local | Specialized Freight (except Used Goods) Trucking, Local | |
| Bulk liquids trucking, long-distance | Specialized Freight (except Used Goods) Trucking, Long-Distance | |
| Container trucking services, local | General Freight Trucking, Local | |
| Container trucking services, long-distance (TL) | General Freight Trucking, Long-Distance, Truckload | |
| Dry bulk trucking (except garbage collection, garbage hauling), local | Specialized Freight (except Used Goods) Trucking, Local | |
| Dump trucking (e.g., gravel, sand, top soil) | Specialized Freight (except Used Goods) Trucking, Local | |
| Dump trucking of rubble or brush with collection or disposal | Other Waste Collection | |
| Farm products trucking, long-distance | Specialized Freight (except Used Goods) Trucking, Long-Distance | |
| Flatbed trucking, local | Specialized Freight (except Used Goods) Trucking, Local | |
| Flatbed trucking, long-distance | Specialized Freight (except Used Goods) Trucking, Long-Distance | |
| Forest products trucking, long-distance | Specialized Freight (except Used Goods) Trucking, Long-Distance | |
| General freight trucking, local | General Freight Trucking, Local | |
| General freight trucking, long-distance, less-than-truckload (LTL) | General Freight Trucking, Long-Distance, Less Than Truckload | |
| General freight trucking, long-distance, truckload (TL) | General Freight Trucking, Long-Distance, Truckload | |
| Livestock trucking, local | Specialized Freight (except Used Goods) Trucking, Local | |
| Livestock trucking, long-distance | Specialized Freight (except Used Goods) Trucking, Long-Distance | |
| LTL (less-than-truckload) long-distance freight trucking | General Freight Trucking, Long-Distance, Less Than Truckload | |
| Refrigerated products trucking, local | Specialized Freight (except Used Goods) Trucking, Local | |
| Refrigerated products trucking, long-distance | Specialized Freight (except Used Goods) Trucking, Long-Distance | |
| Tanker trucking (e.g., chemical, juice, milk, petroleum), local | Specialized Freight (except Used Goods) Trucking, Local | |
| Tanker trucking (e.g., chemical, juice, milk, petroleum), long-distance | Specialized Freight (except Used Goods) Trucking, Long-Distance | |
| Transfer (trucking) services, general freight, local | General Freight Trucking, Local | |
| Trucking terminals, independently operated | Other Support Activities for Road Transportation | |
| Trucking used household, office, or institutional furniture and equipment | Used Household and Office Goods Moving | |
| Trucking, general freight, local | General Freight Trucking, Local | |
| Trucking, general freight, long-distance, less-than-truckload (LTL) | General Freight Trucking, Long-Distance, Less Than Truckload | |
| Trucking, general freight, long-distance, truckload (TL) | General Freight Trucking, Long-Distance, Truckload | |
| Trucking, specialized freight (except used goods), local | Specialized Freight (except Used Goods) Trucking, Local | |
| Trucking, specialized freight (except used goods), long-distance | Specialized Freight (except Used Goods) Trucking, Long-Distance |