When it comes to keeping trucks on the road, freight factoring fuel cards can be a valuable resource for trucking companies. Aside from helping trucking businesses save time and money, fuel cards provided by freight factoring companies can be used to cover fuel, payroll, and other miscellaneous operating costs that may arise.
All Carriers Who Factor Invoices are Eligible for Fuel Cards
By partnering with freight factoring companies, trucking businesses can acquire immediate cash advances to help take care of shipments in a timely, efficient manner. As a result, transportation companies will add profit to their bottom line by accelerating company cash flow. Significant fuel discounts accompany fuel cards. These discounts can be applied directly at the pump.
Transportation firms also benefit from competitive fuel advance programs which provide up to 50% of the invoice amount upon pickup of the load.
Oftentimes, truckers encounter delays when out on the road. Thankfully, freight factoring fuel cards can also come in handy for these situations. In addition to fuel discounts, factoring fuel cards enable trucking companies to transfer money to drivers 24 hours a day, regardless of where they are. Instant cash advances can help ensure that shipments are delivered on time.
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Fuel cards can be used at all major truck stops and travel centers across the country. Much like credit or debit cards, fuel cards can help drivers pay for fuel, repairs, and other miscellaneous operational costs. Upon entering into an agreement with freight factoring companies, trucking business owners can determine how much of a freight bill to apply to freight factoring fuel cards, as well as how much to transfer directly into their checking accounts. Fuel card funds can be transferred from the primary account to individual drivers 24/7. Account information is also available 24/7 to help drivers better manage expenses while traveling.
In a freight invoice factoring agreement, both parties benefit from the arrangement. Freight factoring companies can help trucking businesses unleash their power to survive and thrive by providing freight factoring fuel cards. Additionally, freight invoice factoring helps trucking companies gain immediate working capital to improve their financial condition.
Start Factoring Freight – Request and Online Quote
So, why wait? Stop fighting with your cash flow! Learn how freight factoring companies can help your trucking business haul more loads and increase overall revenue today. Request a freight invoice factoring quote online, or call 855-FACTOR-1 for more information.
