Freight Factoring is Solving Common Trucking Challenges

Published on: 24 December 2018 Last Updated on: 24 February 2020

According to the American Trucking Associations (ATA), U.S. freight volume has risen 4.2% in 2008, fuelled in no small part by a manufacturing industry rebound as well as a healthy economy.

ATA Chief Economist Bob Costello says that the growth rate is expected to ease to 2.3% per year from 2019 through 2024. This growth rate, however, will offer very little relief to shippers who still struggle with a driver shortage.

According to Fortune, this lack of qualified drivers many trucking companies competing for the same small pool of workers, with some companies complaining that only 1% to 2% of applicants meet the necessary requirements.

This shortage is creating a noticeable ripple effect, as companies vying for workers who meet the necessary qualifications are offering much higher pay and signing bonuses. According to the ATA, the median pay for drivers in this category is $59,000, while experienced drivers working for private fleets see as much as $86,000 a year.

Trucking companies are paying more than ever to secure capable drivers, and when you combine these expenses with rising fuel and maintenance costs it’s no wonder that so many owners experience frequent cash flow issues. It’s obvious why the trucking industry is considered to be a challenging one.

The good news for owners is freight factoring has become an increasingly popular and mainstream financial solution to accessing immediate funding.

Freight factoring is an arrangement between a factoring company and a trucking company, in which both parties benefit. A trucking company sells its unpaid invoices at a discounted rate to a factoring company in exchange for a cash advance, allowing them to meet their expenses.

The factoring company charges a nominal fee while holding a percentage of the invoice amount in reserve. The factoring company, as part of its service, collects on the invoice from the original customer, and when they do, the percentage held in reserve is remitted. Click here to learn more about the ins and outs of invoice factoring and how it can help your trucking company thrive in challenging times.

This straightforward arrangement solves an ever-present cash flow issue that many trucking companies face. By factoring invoices, owners have access to cash they need to pay their drivers and meet other costs, while no longer sinking valuable time into making collections and tracking down payments.

Without freight factoring, trucking companies are at the mercy of slow-paying customers and will wait 30 to 60 or even 90 days to receive much-needed payment for deliveries they’ve already made.

Freight factoring from a reliable company such as Accutrac Capital provides a much-needed cash flow surge to:

Start-up operations
High-growth companies with insufficient working capital
Companies in transition
Companies experiencing a tough year or experiencing a change of ownership

In a world where overhead costs — such as rising driver wages — can outpace cash on hand, factoring restores the value of overdue invoices and frees trucking company owners to concentrate on growth and customer service, rather than worrying about chasing down payments. If you run a small trucking company or a nationwide fleet, freight factoring could be the cash flow solution you’ve been looking for.

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7 Auto Lockout Solutions That Can Save Your Day

Many times, people forget their car keys inside and get locked out of their own car. As all the cars now come with a central locking system, it is almost impossible for owners to open their cars when they leave the key inside them. However, there are many things you can do if you get locked out of your car. The best way to open your car is to call an automotive locksmith, but this is not the only way. Let us explore all the ways to unlock your car in case you get locked out. Understanding Auto Lockout: A Brief Overview An auto lockout can happen at any moment. However, it is not a good situation to experience, especially during an emergency. It is a situation when you forget your key inside your car and lock yourself outside. One of the most obvious solutions to this is to get professional assistance. However, there are certain tips you can follow to save time. Moreover, you can also transform this frustrating situation into a manageable one. Thereby, you can save both time and money and reduce stress. Hence, to learn more, read the next sections of the article. Common Causes Of Auto Lockout If you want to prevent an auto lockout from happening, it is essential to learn the common causes that cause it. The following are the most frequent reasons why an auto lockout event happens: Forgetfulness:It is one of the most common causes of auto lockout. For instance, if you have a busy schedule, you might leave your keys behind. Hence, you must develop habits to reduce forgetfulness. Mechanism Failure:It is common for machine parts to be susceptible to wear and tear. Since the car is a machine, it can also face such problems. On the other hand, the lock system might be jammed or outdated. Faulty Key Fobs:Key fobs are important, especially in the age of technology. However, they can face malfunctions. For instance, battery problems or electronic issues might enable key fobs to react faultily. What To Do In Case Of An Auto Lockout? The following are some tips you can follow if you are in a situation of auto lockout: 1. Contact Your Car Company If you have the customer care number of your car company, you can call them to assist you in opening the lock. Even if you don’t have their customer service number, you can search it online on your phone and call them for assistance. They will tell you an alternative procedure to open your car or send a professional to assist you in unlocking it. Some car companies may send a professional to unlock your car as they have people who are experts in using alternative methods to offer solutions to their customers. 2. Look for the Spare Key Sometimes, car owners have a spare key with them that they don’t remember. Think about where you kept the spare keys. If you have one in your pocket, you can use it to open your car. Many people have a spare key at home. If you have a spare key at your home, you can call someone to get it for you if your home is not too far from the location where you get locked out. However, if you are far away from your home, you can call an automotive locksmith to open it for you. 3. Tow the Car to a Safe Place: If you have no option to unlock the car, you can tow the car to your home or a safe place. However, hiring a towing service can be more expensive than hiring a locksmith. Therefore, you should keep this as the last option if nothing else works. 4. Look Where You Have an Open Window Pane Sometimes, people prefer driving with open windowpanes. If a pane on the driving side is open, you can put your arm inside and take out the key to unlock the door. However, if all the windowpanes are closed, you cannot opt for this method. 5. Look for Roadside Assistance Some car insurance companies offer roadside assistance, but many don’t offer it in their policy. You can also search for roadside assistance online on your smartphone. Call one of the companies, and they will send a professional technician to unlock your car or help you to take it to a garage. If your insurance policy offers roadside assistance, you should save its information on your phone so that you can use it in such conditions. 6. Warranty Services Most car companies offer a warranty, and many of the warranties also cover the costs of a lockout. If your car warranty covers the same, you can use it for roadside assistance in case of a lockout. It can be a wise decision to use roadside assistance covered by your car warrant without the need to purchase redundant coverage. 7. Call an Automotive Locksmith The best way to unlock your locked car is to call an automotive locksmith for assistance. However, to use this method, you need to know about the best locksmith service in your area. If you have not left your phone inside the car, you can also search online for the best locksmith service and call it immediately from your phone. For example, Allcoast Locksmiths is a reputed company offering service on the Central Coast and Lake Macquarie, Australia. They have been offering locksmith services in these areas for over 15 years. If you need a locksmith service in any of these areas, this is a company you can rely upon. You can call them in an emergency auto lockout, home, or office lockout for assistance. Auto Lockout: The Best Solution These are some tips you can try during an automotive lockout. Following these ideas can get you out of the situation and make you drive your car again. It is best to know the best locksmith service in your area so that you can call them in such situations. Do you have some more suggestions on how to resolve an auto lockout situation? Please share your ideas and opinions in the comments section below. Read Also: Choosing the Right Anti-Theft Devices For Your Car In Houston TX 5 Tips to Safeguard Your Home From Intruders Should you Replace or Rekey Locks? — What Locksmith Richmond says Expert Advice: 5 Crucial Things to Do Immediately After an Automobile Accident

Perfect ways to Earn from your Wonderful Car

Is it the cost of owning a car that drives you insane? Looks like you always pay for gas, insurance, repairs or tax? Wouldn't it be great if the car had been able to pay for itself? There are a lot of things you can do every day while using your car to earn extra money. It is time your car was turned into an asset, not a liability. Here are five ways to make comparatively little risk out of money in your car. With insurance and other measures to keep your car and you safe, each of the companies mentioned here protects you. Open a used car dealership Well perhaps opening a used car dealership is the most obvious way to make money from cars, used cars are always on excess supply and this can be a profitable working line. But it can also be one of the more challenging businesses to run, especially when you start out first. But, if you have a car, or two, you just don't want to. You could sell them forever. In fact, if you can find great deals on cars and fix them up a little bit, you could build a business from flipping them out for profit. Rent your car If you don't actually want to drive your vehicle around to make money, use an app to rent it to others. They pay a small fee and then when they're done they drop the vehicle back off. You can put your car to work while doing something else. Register with a company and customers will rent your car, pick it up from your designated location (including home or office) and return it to you. Open a garage Those with an interest in what's under the hood could have their own garage installed. If you are a mechanic so you can do the work yourself, of course, it's beneficial. But if you're not, you might always look at hiring staff and taking care of the operation's tech side. This is another field that is always in competition, as cars are complicated machines and often have problems. Medical Transportation Service Seniors and people with medical problems preventing them from driving often could use access to a car to and from medical appointments. Excel in this area especially if you have a ramp or a vehicle that is easily accessible. Drive an Uber If you are looking for a part-time job or you don’t have a good corporate job, don’t worry. We’ve got the solution for you. You can drive Uber with your car and can earn money. You just have to be very careful while driving and try to avoid any kind of drug that can cause you trouble. The accident can affect both you and the customer. If it happens in Nevada, you need to get an attorney and immediately register a Nevada car accident report to avoid further problems. These are just a couple of ways you could make money out of your passion for everything related to auto. Making money out of your passion can be incredibly rewarding and every day make sure you take pride in your work. Moreover, this can also be a profitable industry in which to work, as vehicles are always on demand and play such an essential role in everyday life. More Related Post: 7 Ways Truck Accidents Differ from the Regular Car Crashes Dos and Don’ts After a Car Crash Tips for Winning Your DUI Car Accident Case

There Is A Pothole Problem In America – How To Protect Your Car From Damage?

Drivers around the United States are complaining of potholes on the roads. In fact, there is a serious pothole problem in America. The AAA released their recent study report - which reveals that potholes cost the Americans drivers $3 billion a year. A pothole can damage your car other than making your ride bumpy. The suspension system of your car gets messed up when you drive over a pothole. On the other hand, potholes can bend the wheels of your car and puncture them in the process. Pothole-related repair costs can vary depending on the type of damage to your car. RepairPal is a good online tool to get an estimate on specific types of car repairs. Your location and other variables can affect the cost of repairs. In fact, the average repair cost will be around $300. You should contact a mobile mechanic Houston for assistance in this regard. $300 is a lot of money. For that amount of money, you can easily take your family to Disneyland. It is a pity that we have to deal with potholes on our road network since the government is responsible for providing its people with safe roads and bridges for travel. Potholes would make most of you mad. In fact, you should be writing to Congress and telling them to fund the road development projects in your area. There is at least one pothole in your daily commute. In fact, most people are complaining about it. Then there is another one and another one - which go on and on. These potholes are quite annoying and will damage your car upon impact. Public works associations have been repairing a lot of these potholes lately with the assistance of the public. Most potholes need urgent repairs today. You should pressurize the city councils to get the work done immediately. The city is not responsible for the damage caused to your car due to potholes on the roads - unless the work crews were negligent. Since the city doesn't insure the streets, they are not responsible for repairing damaged cars under the prevailing law. The American Automobile Association conducted a survey in 2016 and found out that potholes on the road networks have caused damages to the vehicles contributing to more than $3 billion per year for the last five years. Many public works associations have promised to repair potholes on roads within 48 hours of receiving a complaint from a resident. If you run into a pothole while driving, here are some tips to avoid them - courtesy of State Farm Insurance. Drive on familiar roads. In fact, you can easily avoid potholes when you drive on roads that are familiar to you. Make sure that you travel on roads that are well-lit. You will be able to see the surface of the road while driving in the night when the road is well-lit. Slow down and you can easily spot a pothole and avoid it while driving. Avoid tailgating. It is important that you give yourself time to be able to see the road conditions ahead when driving behind another vehicle. Brake before the impact. When you aggressively apply brakes, there is a greater load on the tires, wheels, and suspension system of the car. This can cause more damage to your car. That is why it is important that you brake at a distance before the impact. AAA provided the following tips: Check your tires for proper inflation at regular intervals. The tires are the main cushion between the wheels and suspension on your car and the pothole. Hence, it is important to check the inflation on a regular basis. Prevent swerving. Use your rear-view mirror before trying to avoid a pothole. It is important to prevent the risk of a collision. Listen for strange vibrations from the car. Pothole impacts can bend or break the suspension components in your car. It may also damage tires and wheels and dislodge wheel weights. Check the wheel alignment. A pothole can affect the steering of the car. It may knock the wheels of the car out of alignment in the process. How Do You Prevent Damages To The Car From Potholes? Driving is all about coping with potholes and traveling safely. In fact, damaged wheels and tires will leave motorists stranded at the side of the road - thereby leaving their wallets empty. The new Ford, Lincoln, and Mercury vehicles go through a stringent testing process in order to prevent damages caused by chuckholes. Ford uses several proving grounds in order to validate its vehicle designs such as Romeo, Mich., and Dearborn, Mich. These grounds are filled with different types of torture devices to test and improve the durability of the vehicle. The engineers at Ford design spare parts up-front to deal with these potholes. They balance these parts for numerous other custom driving conditions. The engineers will tune shock rebound rates in order to keep the wheel and tire suspended to glide over the pothole. This will prevent the tire from dropping into the pothole and impacting the edge of the tire and wheel. Ford Motor Company Offers Drivers Several Tips To Prevent Damage To The Vehicles From Potholes: Keep the tire pressure constant at the manufacturer's recommendation. This will help protect the wheels and tires from being damaged due to the impact of the pothole. Don't swerve to avoid a pothole. It creates a situation where the front wheel and tire hit the edge of the hole at an obtuse angle. This can do more harm than hitting the pothole squarely. If you are safe, don't brake as soon as you see a pothole. Instant braking will compress the car's front suspension and force the wheel and tire down the pothole without gliding over it. In fact, even if you drive very carefully, there is a chance of having a flat tire on the highway. Drive slow to the closest safe area out of traffic. Even though this can damage the flat tire - your safety is more important. If you suspect your car has been damaged or feel a sudden vibration, reduce your speed immediately. Drive slowly until you can safely pull off the road. Inspect your tires for damage. If the tire is flat, replace it with the spare wheel. If you can't find a cause, get your car towed to the nearest repair shop and have a mobile mechanic Houston inspect your car.

Freight Factoring is Solving Common Trucking Challenges

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7 Auto Lockout Solutions That Can Save Your Day

Perfect ways to Earn from your Wonderful Car

There Is A Pothole Problem In America – How To Protect Your Car From Damage?

Freight Factoring is Solving Common Trucking Challenges

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Furniture Removal Are an Uphill Task for the Home Owner

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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