This glossary of truck factoring terms offers a quick rundown of what you need to know to begin factoring trucking invoices. Account Creditor: The operator (owner) of the transportation company that uses truck factoring for their company (you) Account Debtor: The client who receives transportation services from the Account Creditor Bill of Lading: An agreement…
This page has outdated content. We’ve kept it for informational purposes only. Please refer to our blog for updated content. The trucking industry is the backbone of the nation’s economy. The transportation industry employs over 13 million Americans (about 10% of the U.S. labor force) and moves trillions of dollars worth of goods every year.…
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