How Incorporating a Truck Factoring Service Could Be Beneficial

Freight factoring, or truck factoring, helps carriers and owner-operators get cash for overdue invoices. Essentially, a third-party transportation factoring company buys these overdue invoices at a rate of 80% to 90% of the invoice amount upfront. They then handle collecting the payments directly, taking on the risk of non-payment. Many trucking companies find the discount on invoices worth it, as they get instant cash to cover expenses or take on more work for higher earnings.

Trucking Paperwork Management

People often forget about the administrative tasks truckers have to handle. With the world getting more connected digitally, we need to consider data and information security too. Making sure you have all the necessary paperwork filled out correctly and maintained takes time and effort. This can add stress and tension to your trucking company’s operations. RFL (Route Flow Logistics) can assist with that.

Ensuring Comprehensive Trucking Operations

Driving is just one part of being a truck driver. Besides finding, negotiating, and scheduling cargoes, there are strict requirements for documentation, insurance, and compliance with SAFETY/DOT and other regulations. That’s why we ensure thorough coverage of all necessary documentation, including W-9 forms, broker/carrier setups, customs and transportation documents, insurance certificates, and rate confirmations.

Knowledge and Expertise

At RFL, we offer outstanding customer service. Understanding every aspect of the trucking business, including legal requirements and industry regulations, is crucial. We know what’s needed, why it’s needed, and who needs to see it. We ensure all necessary components are included in paperwork, maintaining values of diligence, accuracy, and completeness when preparing, filing, and managing trucking documentation. We take this seriously because your success is our success.