5 Ways Porter Freight Can Help Your Trucking Company Grow
Working in the trucking industry can have its fair share of challenges, especially if you own a trucking company. But, it can also be just as rewarding. Truck drivers know cash flow issues can put you out of business quickly. But, when a business plan is created and the correct actions are taken, you can grow your trucking business too.
One of the best financing solutions to growing your trucking company is working with a freight factoring company. A freight factor will advance you the money for your unpaid invoices the same day you submit them, so you don't need to wait 30, 60, or 90 days to get paid on that load.
There are multiple freight factoring companies out there, but not many with customized solutions to help owner-operators grow their trucking business. Freight factoring is not a one-size-fits-all process. Factoring programs should cater to small fleet owners and large ones, as their funding and business needs are different.
Porter Freight Funding has helped trucking business owners get consistent cash flow and build relationships for over 25 years. Our custom programs cater to the needs of our clients and save them money on every haul.
Here are 5 ways Porter Freight can help your trucking company grow:
1. Freight Factoring
Freight Factoring is the best financial solution for trucking companies struggling with cash flow problems or companies trying to avoid them. The process is simple:
Drop your load
Send your invoices to Porter Freight
Get paid in 24-hours
It's challenging for motor carriers to wait to get paid on a load. Fixed costs like equipment and insurance don't stop if you don't get funded in time. And when you're driving, your variable costs like fuel will add up quickly. Having consistent cash flow is key to your success as a driver.
2. Fuel Cards
Fuel is one of the largest expenses for a truck driver, so saving money whenever they fill up is extremely helpful. Porter Freight offers its clients a free fuel card with advances and discounts. Drivers save thousands of dollars a year and never pay the full fuel price again. Our fuel cards provide drivers with discounts at over 14,000 stops across the nation.
3. Finding Loads
You can't run a trucking company without having loads to haul. Porter Freight has a freight database that helps our clients connect to 250+ brokers and build relationships with shippers. Our network of dispatchers provides drivers with loads before they hit the load boards and try to find them the best cost per mile loads at the time.
4. Stellar Customer Service
When owning a business, it's important to partner with companies you trust to get the job done. Our clients work with personal client representatives to handle all business needs. They are easy to get in touch with and provide back-office assistance, which is especially helpful when you're on the road.
5. Industry Connections
There are so many things that go into making sure a trucking company is in compliance to run loads. Porter Freight has partnerships throughout the trucking industry to make sure truck drivers get the help they need. We help drivers find the best insurance coverage, make sure drivers are compliant, and provide equipment financing assistance.
Porter Freight is a leading freight factoring in the southeast and has been recognized two years in a row for FactoringClub's Best Factoring Company Award (2020 & 2021). For more information on how you can start growing your trucking company with Porter, click here or call us today at (205) 397-0934.