Freight Factoring: A Boon To Transportation And Logistics Companies
Freight factoring is in fact an extension of the trucking company's business. It offers an easy alternative to bank loans. The trucking company does not have to give any collateral security and interest. Freight factoring is flexible as the advances increase, as more freight bills are submitted and factoring fee gets reduced once the turnover increases. Freight factoring provides instant finance to transportation and logistics companies, thereby creating a cash flow for their smooth operations. Freight factoring companies enable small and medium companies to focus on their core activity and grow rapidly.