Factoring vs Quick Pay In the trucking industry, customers typically wait 30-90 days after the load delivers to pay the trucking company. However, most companies can’t wait 3 months for a paycheck, especially when margins are so thin and there are immediate demands...
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Articles About Factoring
Welcome to our collection of articles about factoring. Here, you will find a wealth of information on how factoring can help your business manage cash flow, reduce financial stress, and drive growth. Our expert insights cover everything from the basics of factoring to advanced strategies for leveraging this financial tool effectively. Whether you’re new to factoring or looking to optimize your existing processes, our articles provide the knowledge and tips you need to make informed decisions. Explore our in-depth guides, success stories, and practical advice to see how factoring can benefit your business.
Factoring vs. Quick Pay
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Freight Broker vs. Dispatcher: What’s the Difference? | TAFS – TAFS Factoring
Freight Broker vs. Dispatcher In the vast world of the logistics industry, it’s crucial to have well-organized coordination and smooth transportation. Right at the center of this complex system are two important roles: freight brokers and dispatchers. These experts...
Freight Claim Management: How to Handle A Freight Claim
Freight Claims Management: How to Handle A Freight Claim Have you ever dealt with a freight claim? Here we will be discussing just what a freight claim is and what you should do if you find yourself in this situation. Freight claims are an unpleasant reality in the...
What is Demurrage?
What is Demurrage? Depending on the type of freight you haul, you may encounter the term "demurrage" in your trucking contracts, especially if you’re handling container freight transported by a shipping line for supply chain purposes. Demurrage refers to storage...
What is Freight Class?
What is Freight Class? A freight class, or National Motor Freight Classification (NMFC) tariff, is a standard and grouping system within the freight industry that describes overall transportability. These standards are set in place by the National Motor Freight...
What Does Freight On Board Mean?
What Does Freight On Board Mean? FOB, or Freight On Board, is a vital shipping term in both domestic and international shipping. It indicates the point at which ownership of the goods and responsibility for transportation costs transfer from the seller to the buyer....
Understanding the Freight Audit Process
Understanding the Freight Audit Process For any service provider or carrier in the trucking industry, understanding the freight audit process is essential. This process directly affects profitability by controlling freight costs and freight payment verification,...
How to Perfect Your Freight Invoices
How to Perfect Your Freight Invoices In this industry, invoicing results in lots of paperwork, and good paperwork is king. It will keep you better organized, help you project a more professional appearance to clients, and believe it or not, can even help get you paid...
What is Tare Weight in Trucking?
What is Tare Weight in Trucking? If you’re starting a trucking company, understanding weight-related terminology like tare weight is essential. Tare weight is a foundational term in the shipping industry and directly affects shipping costs, weight limits, and...
What is the Harmonized Tariff Schedule?
What is the Harmonized Tariff Schedule? HTS Codes: Examples and How to Read Them HTS codes are assigned to goods based on their classification within the world customs organization (WCO). There are thousands of potential classifications within the harmonized commodity...
The Carmack Amendment Explained
The Carmack Amendment Explained Commercial drivers have a lot of responsibilities while on the road. One of the most important is interstate carriers adhering to the Carmack Amendment 49 U.S.C §14706 which was adopted to achieve uniformity in rules governing...
What is the Difference Between Prepaid & Added and Collect Freight?
What is the Difference Between Prepaid & Added and Collect Freight? Who pays for shipping is a factor in all freight shipments. There are several different ways that those freight charges can be billed such as freight on board or free on board (FOB), shipping...