Date Added: Jan 2010
Without cash, you just can't move forward in the transport business because cash is required for virtually every transaction such as paying fuel bills, employee salaries, repairs and maintenance bills and other expenses. It's not that the transport business does not generate cash. It certainly does so, but since most credit freight invoices have a waiting period of 30 to 90 days, transport companies often find it difficult to procure the requisite amount of cash, especially when it is needed the most. To tide over cash problems, what you can do is opt for the services of a freight factoring company.