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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The Impact Of Electric Bikes On Urban Mobility

E-bikes, also known as electric bikes, have evolved as a game-changing force in city transportation, transforming how people traverse urban landscapes. By easily conquering hills and spanning longer distances, e-bikes have increasingly become the go-to option for commuters who desire a quicker, more effective, and environmentally friendly substitute to conventional transport methods. As cities struggle with overcrowding and ecological issues, e-bikes step up as an appealing answer to counter these metropolitan problems. The Influence Of E-Bikes On Traffic Congestion One of the key benefits Vélos électriques bring to urban mobility is their potential to reduce traffic congestion. In densely populated city areas, traffic jams are a commonplace nuisance, causing wasted time and increased pollution. E-bikes present a speedy and compact means of transportation, allowing riders to weave through traffic and bypass heavily congested zones. Integrating e-bikes into city transport systems can result in a notable reduction in traffic congestion, ensuring improved traffic circulation and shorter commute times for all. Enhancing Accessibility And Inclusivity The emergence of e-bikes has contributed to the widening of cycling's appeal to a more diverse audience. E-bikes present an equalizing opportunity for those who might perceive traditional cycling as physically demanding or strenuous. Individuals from different age groups, fitness levels, and physical capabilities can now consider cycling as a practical means of getting around. This promotes not only healthier living but also a strengthened sense of community as more people can actively engage in the urban cycling scene. E-Bikes And Public Transportation Integration E-bikes seamlessly complement existing public transportation networks, providing a solution to the first and last-mile challenge. Commuters can combine e-bike rides with buses, trains, or subways, extending the reach and convenience of public transit. This integration reduces reliance on personal cars, promoting a more sustainable and efficient urban transportation ecosystem. E-bikes serve as a versatile and eco-friendly link between various modes of public transportation, enhancing the overall connectivity of urban mobility systems. Reducing Carbon Footprint As cities worldwide grapple with the pressing need to reduce carbon emissions, e-bikes emerge as a green alternative for urban commuting. With electric assistance that lessens the physical strain on riders, more people are inclined to choose e-bikes over gas-guzzling vehicles. By promoting the adoption of e-bikes, cities can significantly decrease air pollution and contribute to their environmental sustainability goals. The quiet and emission-free nature of e-bikes aligns with the global push towards cleaner, greener transportation options. Health And Well-Being Contrary to concerns about sedentary lifestyles, e-bikes offer a unique blend of physical activity and convenience. Riders can choose the level of assistance they need, allowing for a customized and adaptable workout. E-bikes encourage individuals to be more active, providing health benefits without the perceived exertion associated with traditional biking. The increased physical activity associated with e-biking contributes to improved cardiovascular health, reduced stress levels, and a more active urban population. The Impact Of Electric Bikes On Urban Mobility E-bikes, also known as electric bikes, have evolved as a game-changing force in city transportation, transforming how people traverse urban landscapes. By easily conquering hills and spanning longer distances, e-bikes have increasingly become the go-to option for commuters who desire a quicker, more effective, and environmentally friendly substitute to conventional transport methods. As cities struggle with overcrowding and ecological issues, e-bikes step up as an appealing answer to counter these metropolitan problems. The Influence Of E-Bikes On Traffic Congestion One of the key benefits Vélos électriques bring to urban mobility is their potential to reduce traffic congestion. In densely populated city areas, traffic jams are a commonplace nuisance, causing wasted time and increased pollution. E-bikes present a speedy and compact means of transportation, allowing riders to weave through traffic and bypass heavily congested zones. Integrating e-bikes into city transport systems can result in a notable reduction in traffic congestion, ensuring improved traffic circulation and shorter commute times for all. Enhancing Accessibility And Inclusivity The emergence of e-bikes has contributed to the widening of cycling's appeal to a more diverse audience. E-bikes present an equalizing opportunity for those who might perceive traditional cycling as physically demanding or strenuous. Individuals from different age groups, fitness levels, and physical capabilities can now consider cycling as a practical means of getting around. This promotes not only healthier living but also a strengthened sense of community as more people can actively engage in the urban cycling scene. Read Also: Tips About Mobile Car Detailing to Avoid Any Costly Maintenance E-Bikes And Public Transportation Integration E-bikes seamlessly complement existing public transportation networks, providing a solution to the first and last-mile challenge. Commuters can combine e-bike rides with buses, trains, or subways, extending the reach and convenience of public transit. This integration reduces reliance on personal cars, promoting a more sustainable and efficient urban transportation ecosystem. E-bikes serve as a versatile and eco-friendly link between various modes of public transportation, enhancing the overall connectivity of urban mobility systems. Reducing Carbon Footprint As cities worldwide grapple with the pressing need to reduce carbon emissions, e-bikes emerge as a green alternative for urban commuting. With electric assistance that lessens the physical strain on riders, more people are inclined to choose e-bikes over gas-guzzling vehicles. By promoting the adoption of e-bikes, cities can significantly decrease air pollution and contribute to their environmental sustainability goals. The quiet and emission-free nature of e-bikes aligns with the global push towards cleaner, greener transportation options. Health And Well-Being Contrary to concerns about sedentary lifestyles, e-bikes offer a unique blend of physical activity and convenience. Riders can choose the level of assistance they need, allowing for a customized and adaptable workout. E-bikes encourage individuals to be more active, providing health benefits without the perceived exertion associated with traditional biking. The increased physical activity associated with e-biking contributes to improved cardiovascular health, reduced stress levels, and a more active urban population. Overcoming Urban Infrastructure Challenges Urban infrastructure often poses challenges for cyclists, with insufficient bike lanes and storage facilities being common issues. E-bikes, with their compact design and flexibility, navigate these challenges more effectively. They require less parking space, making them a practical solution for crowded urban areas. Additionally, the rise of e-bikes encourages city planners to invest in better cycling infrastructure, including dedicated bike lanes and secure parking facilities, thereby enhancing the overall cycling experience in urban settings. E-Bikes As A Lifestyle Choice E-bikes offer more than just practical benefits; they're shaping a cultural transformation in urban mobility perceptions. As individuals increasingly adopt e-bikes for transport, they experience newfound delight during their commutes, interacting with their environment. E-bikes represent not just a mode of transit, but also a lifestyle that fosters sustainability, health, and urban community bonds. Ultimately, electric bikes significantly transform urban mobility by addressing major city challenges. They alleviate traffic, promote inclusivity, foster greener environments, and encourage healthier lifestyles. As cities develop, incorporating e-bikes into their mobility plans may lead to sustainable, accessible, and dynamic urban spaces. Read Also : Washing Your Car: 7 Dos And Don’ts Tips For Reducing Car Insurance Costs 5 Signs Your Car Needs A Tune Up

How to Repower Your Boat: 5 Expert Tips

Any boat expert will tell you repowering your boat is a smart investment, whether you won a sailboat, an outboard or any other type of boat. Replacing a boat engine makes a lot of financial sense in most cases. Of course, it depends on who you entrust with the job. Whether you own an old boat with a damaged engine you want to breathe some new life into with a new fixer or sell for a better price because selling it with your current engine is next to impossible, here are a couple of tips you should have in mind if you’re looking to repower your engine with the help of a company such as Propulsion Controls Engineering. Repowered Boat is Easier to Sell : Currently, the used boat market is so flooded that there are more boats for sale than there are interested buyers. If you’re trying to sell your old boat with debilitating mechanical issues, you might as well give it away since selling it in that condition will be impossible. There will always be better boats for the same price or even cheaper. However, since engines make up for more than half of the boat’s worth, replacing the engine with a new one will increase your chances (and your price) greatly. Ask around for the prices of both broken and repowered boats and you’ll see the difference. Calculate the Costs : When planning the repowering project, make sure to include the cost of the engine, the installation and add some more funds for additional expenses. With old, outboard boats there will be more elements you might need to replace like fuel tanks, transmissions, wiring, controls, engine mounts, the exhaust system, cutlass bearings, shafts, props, stuffing boxes and more when you take the engine out for the new engine to be as effective as possible. If your engine is old and worn out, there’s a big chance some of these elements are as well. For example, you’ll definitely need to replace old props and shafts to match the power of the new engine. You might also need to repaint the engine space, add sound isolation or lights to make the most out of the replacement. For outboard engines, think about transom repairs or adjustments, outboard brackets and controls. These elements might not need replacement, but only slight maintenance. In either case, it helps to be financially prepared. Engine Access Can Also Increase the Cost : In a lot of boats, the engine is installed before the decks. There is usually a hatch that enables you to reach the engine for cleaning and maintenance. However, in most cases, this hatch is not big enough to remove the engine for replacement. You might have to cut a piece of the deck or the bulkhead. On boats with wooden decks, this translates to a big carpentry expense. It’s even worse for boats with fiberglass. The cost of repairing the deck so that the repair isn’t obvious can be very high. Finally, if the crane cannot reach the engine due to the boat’s structure, mechanics may have to install a rail system to get the engine out. Naturally, this will cost you as well. Don’t Save on the Engine : Hearing about all these additional costs may make you reconsider whether you really want to get a new engine. Perhaps you are thinking about getting a used or rebuilt engine instead? You have to know that buying new or factory-refurbished engines come with a warranty that will guarantee your peace of mind and will appeal to potential buyers. You Can Attempt to Install Yourself : If you have some experience in maritime engines and feel confident that you can install the engine on your own, make sure you still have the engine checked by a reputable dealer who can approve the warranty.

Important Tips to Maintain your Luxury Car

Luxury cars are every man’s dream. They offer an unparalleled driving experience, taking you down the smooth roads in a breeze. These mean machines are not only beautiful but certainly, attract some head-turns and awe by people on the road. However, as breathtaking as they may be, luxury cars cannot be afforded by everyone. Even if you can buy one, then its maintenance costs can drive even the most ardent car fan crazy. These impeccable machines need attention, pampering, and lots of care for them to function smoothly. So if you just inducted yourself in the league of luxury car owners, then this article will share some important tips to maintain its life and to keep it running well through the years. Buy the Right Car Products: The thing about luxury cars is that you must invest heavily in its maintenance and its products. Unlike other cars where you can simply buy stuff off the shelves, luxury cars require you to be more considerate.You must look for products that are suitable for your vehicle like GPS tracking system and can enhance its life. When it comes to luxury vehicles, these products are manufactured for the purpose of maintaining the car and to ensure that it runs smoothly. You should research all your options before investing in them. Sometimes your car may even require custom maintenance, be sure to check about that. Get Regular Service: Servicing your vehicle from time to time is an important aspect of your luxury car upkeep. Since your luxury cars have multiple electrical features, they must be serviced more frequently than the others. For your car to get serviced well and on time, you must locate a service center that is capable of catering to your car and its needs. Most importantly, look for a center that specializes in your car type. Drive your Car Frequently: Believe it or not, many luxury car owners simply invest in them for the sake of status symbol and prestige attached to these vehicles. No matter what your reason is, a luxury Mercedes specialist warns that you must take your car out for a spin from time to time. All vehicles should be driven and allowing it to sit idle for a long time can actually be bad for them. Did you know that keeping your luxury car in the garage will cause more damage to your vehicle than driving it? Don't be surprised if your car breaks down after a month of sitting unused in the garage. Take it out and drive that thing to prolong its life! Follow Maintenance Schedule as Provided by Manufacturer: Manufacturers often provide an upkeep schedule that specifies what needs to be done and when. All you need to do is follow the schedule as recommended by the manufacturer to ensure that your vehicle runs smoothly. If you are feeling lazy about getting your car serviced, then remember that it demands more attention and care than a regular car. Interior and Exterior Cleaning: Luxury car models are vulnerable to cuts and scrapes. This is why you should only use the certified cleaning products for its interior and exterior cleaning. High-end interiors in your vehicle are made from expensive materials that require specialized care. Only use leather-approved products on your leather seats. Additionally, use the high-power vacuum cleaner to remove loose dirt and quality carpet shampoo to get rid of all tough stains. The best way to get your luxury car cleaned from the inside is to let professionals handle it. They follow the instructions down to the last detail and ensure that the car is squeaky clean from inside. Additionally, for the exterior cleaning, find a good car wash that uses the hand-washing technique. By using this method for regular cleaning, you can prevent discoloration, and cracking and peeling of paint. Experts recommend that you must get your car washed at least two to three times every week. You should also give it a wax/sealant treatment once every month. Tire Maintenance: Tires are what makes the car actually move, their maintenance is mandatory. As you use your car on a daily basis, the tires take a beating by rubbing against the tarred road. This is why it is imperative that you maintain your tires if you want it to be in good condition. After driving up to a thousand miles, it is common for the tires to experience regular wear and tear. Not getting them serviced in time will also upset the car’s balance. Sometimes, continuing to drive a car with worn-out tires can lead to a tire burst that is not only irreversible but also dangerous. Needless to say, this is why it is recommended to change the tire of your luxury car as soon as the treads on it contract to 1.5mm or less. Another parameter to check the tire life of your luxury car is to check the air pressure. Get your air pressure checked each time you take your car for refueling. Check the Batteries: If you have been driving for some time, then you already know that car breakdown is mostly caused due to faulty batteries. Unlike normal cars, the electrical system in a luxury car is way more complex. Therefore, it requires a trained technician to preserve your battery’s life in order to prevent your vehicle from breaking down unexpectedly. The experts will check for loose screws and build-up on the terminals. They will also ensure that the electrolyte levels are full. Consider replacing the old battery if it has been older than three years. Check the Maintenance Schedule: Even the most basic cars require regular service, your luxury vehicles are way more demanding to ensure their optimum performance. Not to get your vehicle serviced in time can be one of the quickest ways to ruin its health over time. It can add to the cost of your car’s upkeep as failure to maintain its parts can lead to their malfunctioning that will further need their replacement. You can prevent these issues from escalating by handling the maintenance as and when it is required. You should keep a track of when the maintenance is due and plan for it ahead of time to avoid delays. Follow the Rulebook: Maintaining a luxury vehicle is really not as complicated as one would think. It comes with a rulebook with detailed instructions regarding its maintenance and upkeep. All you need to do is follow these basic practices to maintain your vehicle and ensure its long life on the road. Things, like parking your car in the garage and covering it with tarpaulin alone, can prevent the damage caused due to extreme hot and cold weathers. Similarly, there are many such little things that we do not even consider when talking about the maintenance of your vehicles. Now you know that how you need to maintain your luxury car. You can follow all the above-mentioned ways and keep your car in top condition, no matter whether it is an expensive car or an inexpensive one. Make sure that you give time to your car frequently when it comes to taking care of it. Read Also: Car Between 5 – 10 Lakhs – What Is It? What Do You Need To Change Car Rims? Why You Need Classic Car Insurance?

Freight Factoring is Solving Common Trucking Challenges

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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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The Impact Of Electric Bikes On Urban Mobility

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Furniture Removal Are an Uphill Task for the Home Owner

The Absolute Best Method to Pick Out Best Subs for Your Vehicle

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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