Cash flow is everything when you are in the trucking business. After all, you must keep your truck on the road, so your business keeps moving, which takes money. According to Simplex Group, cash flow issues are relatively common in this industry as freight shippers might take 30, 60, or 90 days to be paid after delivering a load. When you’re running a business, this can be rather inconvenient in the long term because expenses may pile up.
To receive your money faster and focus on running your trucking business, you can use freight factoring, turning your invoices into immediate cash.
