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How Transportation Factoring Helps Trucking Businesses

Source American trucking companies are no strangers to cash flow issues. Late payments, long invoice periods, slow paying clients, and high fuel costs contribute to potential cash flow problems for trucking and transportation businesses of all sizes. Depending on the costs, some of the situations can even cause a trucking company to fail altogether. Rather than worrying about month-to-month cash flow, many owners are now taking advantage of transportation factoring to help them build up cash reserves to deal with problems as they arise. Here are a number of key ways of transportation factoring can help you. What exactly is…