The Federal Motor Carrier Safety Administration says that approximately 5.9 commercial motor vehicle drivers operate in the US and nearly 12 million trucks, rail cars, trains and other vessels move goods over the transportation network.
Trucks carry the largest share of freight by value, tons and ton-miles for shipments moving 750 miles or less. Rail is the preferred method for shipments greater than 750 miles. The LTL market is estimated at $35 billion and according to the U.S. Department of Transportation, the value of freight moved is expected to grow from $882 per ton in 2007 to $1,377 per ton in 2040.
When it comes to trucking, money is essential to keep the industry going. Many truckers use the services of load factoring companies to get paid sooner for the loads they deliver. With load factoring, companies will buy your company’s freight invoices at a discount, which gives your company fast access to money. Factoring companies can help small business and large business
Do you ever wonder how American consumers are drawn to the products they buy? After all, it’s accurate to say that in the United States, its citizens buy many things from food items, to clothes, to electronics- just to name a few. American customers or consumers buy their belongings online and in stores. In actuality, 94% of retail sales (clothes, electronics, food, beauty products, etc) are purchased within the store as opposed to online. Additionally, not all these purchases are necessary, per se. In fact, around six to ten purchases a consumer makes in a store is considered an impulse purchase. This means that the purchase is not planned. Whether planned or not, Americans always have to buy items. If you’re a part of the grocery business or in any form of retail, here is what you need to know about marketing strategies. These strategies will assist you in gaining more customers and making the most of your business.
Grocery Store Marketing
Even when work places try to create the most diverse work force, it can be difficult to keep an entire staff. In a time when so much of the nation is experiencing some of the lowest unemployment rates in history finding a keeping the best work force is can be a challenge. As a result, there are many times when companies have to resort to finding workers in the non traditional places. From looking for people who are willing to do telemarketing from home, as well as many other careers where there is an immediate need.
When the unemployment rates drops below 4% economists note that this basically means that everyone who wants to work is already employed. This means that employers need to find a way to entice those who think that they do not want to work back into the work pool. One untapped market that many employers are trying to tempt are stay at home parents. Fortunately, there are a number of telemarketing from home options that can be flexible and allow people to work on their ow
It’s no secret that running your own business is a lot like running a marathon. There’s a lot you need to prepare for before you even head to the finish line, and there’s always a chance of failure even if you’ve trained for months. In fact, up to 50% of new businesses will fail within their first five years.
The good news is that many of the problems new businesses deal with can be identified, monitored, and fixed. And one of those major issues is cash flow.
Why do new businesses struggle with cash flow?
Many new businesses have cash flow issues, but the problem isn’t a lack of funds. It’s a lack of available funds.
Young small businesses often have thousands of dollars in outstanding accounts receivables at any given time. This may not sound like a catastrophic problem; after all, that money will eventually arrive in your bank account. However, business owners with delayed payment processing often struggle paying their vendors, their employees, and their property rent on time.
Unfortunately, many new businesses will turn to high-interest loans to make up for these cash flow gaps. But these loans can take a toll on your business credit, especially when you have difficulty getting your clients to pay you on time. The good news is business factoring services can help.
How do I know if I need invoice factoring?
Business invoice factoring services understand that both new and established companies struggle to get their invoices in on time because of slow-paying customers. That’s why business invoice factoring enables companies like yours to submit their invoices for cash up front with minimal fees.
But how do you know if your business needs business invoice factoring? Here are five signs invoice factoring is desperately calling your name:
- Your clients are slow to pay you. Your clients have a period of time in which they can pay their invoice. But if your clients wait until the last few days of the deadline to make their invoice payments or they periodically change which date they pay their invoice, this can cause big cash flow gaps.
- You have to make collection calls to your clients. It might be time to consider business factoring services when your clients take longer than the designated time given to them to pay their invoice. You don’t want to spend valuable business time making collection calls to clients when you could be spending time growing your business.
- You’ve taken out a loan. Business factoring services may be needed if you’ve already taken out a loan to make up for cash flow gaps. Loans can be expensive because they come with high-interest rates that can affect your credit score. Business invoice factoring doesn’t have any interest. You’re only using the money you would have received from your invoice, just at an earlier date.
- You need a consistent payment schedule. Cash flow can be frustrating when you’re not sure when your payments from your clients will be coming in. Business factoring services can bridge those gaps and give you peace of mind by being able to write out an exact schedule of when your payments are coming in.
- You’ve needed to postpone major branding events. Trade shows and other branding events are vital for the success of your new business. They’re marketing opportunities to tell the world about who you are and what you can provide. But if you don’t have the finances for these events because your invoices haven’t come in yet, you could reduce the chances of your business’ success. Business factoring services ensure you have the money you need to budget for these events when you need it and not when your client decides to pay their invoice after the deadline has passed.
Where can I find business factoring services?
Factoring companies can help small businesses bridge cash flow gaps by providing upfront payments up to 90% of the original invoice. This can be a big gamechanger because cash flow gaps are one of the top reasons why businesses end up closing down.
If you’re considering small business factoring services for your company, we are the factoring service for you. To learn more about how our small business invoice factoring and freight factoring services, contact us today.
Our environment matters. There is simply just no doubting this fact. Thanks to our environment, we are able to live out our lives on this planet, eating good food and thriving. Unfortunately, our environment is also very much in trouble thanks to many factors. From emissions to waste, there are many reasons that our environment is very much in danger – a danger that will only become more and more elevated in the years that are to come.
Fortunately, there are steps that can be taken in all areas of our lives to promote more sustainable living. From using less water to buying reusable products and reducing our overall levels of waste produced, just about everyone can make changes. The types of materials that are used for building can also have an impact, as too can the methods of building and construction themselves.
For instance, methods of modular construction have grown more and more popular over the course of recent years – and are truly quite hugely beneficial for an array
In 2009, the revenue of machinery maintenance and heavy equipment repair services in the U.S. totaled around $29 billion. If you’re in the excavation business, chances are you’ve got quite a bit of money invested in your final drive motor and you want to make sure it’s performing to the best of its ability.
Whether you’ve got a final drive motor for a John Deere, a Caterpillar final drive travel motor or some other type of final drive motor, here are some ways to take care of common problems that arise with final drive motors.
When something’s wrong with your final drive motor, the first thing you’ll probably notice is that your final drive motor will act differently.
- If your final drive motor is spinning backwards, this problem can usually be fixed by swapping the return and input lines on your hydraulic motor or travel motor. If your motor continues to veer to one side or the othe
There is much to gain from carbon fiber engineering and the manufacturing of some of the strongest threads around. The strength of these materials provides incredible support for many different products throughout many different industries and various needs. With so many different carbon fiber products that will face a great deal of pressure and wear, composite engineering will help extend the life of different materials.
What is Carbon Fiber Engineering?
There are many different types of carbon fibers that come from composite engineering and composite technology. The use of custom carbon fiber manufacturing develops these incredibly strong fibers that match the power of steel. With many of these materials developed from polyacrylonitrile (PAN), there is much to see of carbon fiber prototypes that are much stronger than the natural fibers that were typically used for clothing and o
Your daughter is still learning. As a senior in high school there are many times when she is certain that she knows it all. There are also times, however, when she is willing to admit that she has much to learn. Recent conversations about the use of environmentally friendly choices have been perhaps been the most interesting. While she is someone who prides herself in the fact that she uses reusable metal straws and shops with organic paper bags or cloth bags, she continues to leave the lights in every room in the house and in her closet. And while she prides herself with the environmentally friendly tea packaging that she selects when she orders online, she often as three or four disposable coffee cups on the back floorboards of her car.
Much like a teenager’s confusing relationship with the latest environmentally friendly items that they sometimes use and sometimes ignore, there are e
The laundry list is long.
Stay at home moms know that from the outside it can look like life is pretty uncomplicated. What many people do not realize, however, is all of the hundreds of things that get done in a day. From the regular cleaning and cooking that it takes to maintain a home to the extra errands that are required with children, many stay at home moms juggle a full schedule.
In spite of how many tasks they check off their laundry lists in a day, there are many stay at home parents who still have energy. Who still have a desire to contribute financially to the family. As a result, there are many moms, and sometimes dads, who are open to work opportunities that will allow them to work from home. These parents want all of the advantages that come with having a stay at home parent in the house, but do not want to completely give up on having a job as well. Fortunately, the latest flexible careers for moms allow many families to add a little income to their
Many business owners feel that it’s important to ensure that where they work remains in pristine condition. However, it’s impossible to avoid the effects that time has on structures. With that in mind, many parts of a building begin to wear down as time passes. Considering how fast technology is changing how businesses operate, many companies find they no longer want chimneys on their buildings. Therefore, you might find that it’s time to begin thinking about removing worn down and unwanted chimneys. Here are three important things to think about before scheduling an industrial chimney demolition.
- Obtaining Relevant Permits
You might think that permits are necessary when it comes to removing parts of a building. However, this isn’t always true. To be on the safe side, it’s a good idea to find out if you require permits for a chimney demolition. You’ll find that obtaining these permits will save you a lot of potential future headaches.