Executive Summary: Factoring Business

Every business in the trucking are turning more and more trucking company owners are turning to a new form of finance – transportation factoring. Owners of trucking and transportation companies of all shapes and sizes trust invoice factoring because it is not alone, and so it won’t dilute equity anyway. Furthermore, customers know that when you factor invoices it helps you maintain positive cash acceleration growth as mentioned above, which shows that you care about building and deepening your business relationships with those customers. This is why transportation factoring is becoming more and more popular among US trucking owners and why it’s becoming a mainstream financial strategy.

Freight – Services for freight are Critical Freight, Air Freight, Ocean Freight, LTL (Less then truckload) and Trucking (Full truckload), UPS Cross border connect, and UPS Freight LTL.

Running a Freight forwarding business is really a hard work . Employees are indeed very important when it comes to business because the objective of the business’ success depends on the employees performance , a poor performance is a detrimental to a company’s success. It is important for a manager/owner to have a well-rounded approach to manage and a coaching work force for their team . We realize that teamwork is a big part of success , it’s impossible to reach your goals when you are alone , in life you need someone who will help you and be with you along your journey . It is true that “Teamwork makes the dream work”.

These contacts come in as very handy in the long run when they have to deal with emergencies and many transportation transactions. The contact information of various operating freight brokers, freight forwarders, truck drivers, owner operators, freight carriers and trucking companies like the fax numbers, phone numbers, address and the email addresses are given on the web site. This enables the job aspirants to contact with the concerned directly without wasting any more time at all.What is incredible is that these web sites have very efficient and effective low cost ways to increase their revenue and to boost their sales. Offering with a chance to hit over the best and the most conducive cargo insurances as well, the web sites also offer with amazing cargo insurance liability and certificates to make it further easy for their clients and

Freight brokers are the logistical key between shippers and carriers. Being a freight broker is a rewarding, but challenging career. However, you need a lot of skills and knowledge in order to become a successful transportation broker. Keep reading to learn why freight brokers need formal training.

To book a load with a shipper, drivers and carriers simply press a few buttons on their mobile devices through the Uber Freight app. The loads that drivers or carriers choose can be either short or long hauls. Before agreeing to book a load, drivers are prompted with the price that Uber is willing to pay along with the load details, such as the type of freight that a driver will be hauling. Uber pays on a flat rate basis, but their pay varies from lane to lane, depending on where the load must be taken. The reason I looked into forming a partnership with Uber Freight is because it could significantly disrupt the trucking industry; Uber’s power to disrupt can be seen with the traditional taxi service industry. In regards to the trucking business, this app could significantly lessen the roll of a freight dispatcher and freight broker, which are both mainly responsible for matching carriers and shippers in the industry today. With this app, there is no longer the need for someone to contact a dispatcher or broker to match them with a possible load. With Uber Freight, a carrier can simply go on their phone and find a load that works best for them. In my opinion as individuals continue to adopt new technology, I believe this interface has the potential to be the future of the trucking industry as it continues to grow. Despite this promise,

Incoterms are an important aspect in this research. When a freight forwarder is being asked from a shipper for a sea freight quote, there must an indication of the incoterms (such as ‘’Quote request FOB Brazil-Rotterdam). The incoterm provides the freight forwarder with an understanding of who will pay the invoice and for which part of forwarding services in the supply chain process.

If you're into shipping and your business uses shipping as much as my business here are the best shipping companies FedEx that's it!!! UPS and USPS are the shittiest and worst companies ever in the entire world fuck them don't use them no matter what they will lose your shit and their damn good at it

Of course, the first thing to search for is refrigeration for your items, but there are additional considerations to take into account before you hire a freight carrier. Regardless of the types of items you are shipping, it is crucial to select a carrier who will guarantee a timely delivery. In addition, consider the distance of the shipments. Figure in the market fluctuations and shipping on an ongoing basis, as these also will influence your decision. Estimate the load volume throughout the year according to seasonal deviations. When you understand the care that your shipments require from a carrier, it is

Since you own a trucking company, you’ve probably heard of freight factoring. But, you know all there is to about it? Often, we find that business owners are more familiar with bank lines of credit and lines, and don’t know all they should about freight bill financing. That’s why we’ve put together this list, to give you some additional information you might not have heard before:

Are you looking for a reliable trucking company to transport your goods to a different location? If so, make sure to conduct a thorough research. With the advent of modern technology, you can search online for a list of trucking companies near you. You can trim down the list by identifying the most important qualities of a professional trucking company.

Greating shipping is a comprehensive logistics service suppliers, focus on transport solution for the manufacturing and retail industry. The company has a wealth of experience in the logistics transportation more than 20 years, plenty of logistics resources to meet the logistics needs of customers. Company has been providing logistics solutions for your needs, make sure to keep competitiveness in the field of business. Company attaches great importance to create and maintain a long-term cooperative partnership, through expanding global network support. With the high quality service to ensure every step of the goods for a smooth transition. Huge global network of company cooperate with a wide range of cost savings and value-added service tracking

A business transaction involves one selling a product to someone that wants or needs it as a business or personal asset. A mutual agreement is reached on the price, and at some point, the product exchanges hand either directly or indirectly through some means of transferring or transporting. As the firm grows locally, nationally, or internationally, transportation and distribution assistance is required to meet consumer demands. Here is where the demand for transportation and logistics begins with a business that may involve importing and exporting supplies required for production, and ends with a consumer receiving products purchased. (Dowlatshahi, 2010), describes inbound and outbound transportation performance as simply achieving scheduled delivery times which displays the firm’s commitment to satisfy consumer expectations. The transportation and logistics industry has specific features and resources designed to meet any consumer shipping needs. This requires strongest competitors to harvest a strategic approach to maximize opportunities to work with all customers, and showcase the values offered by the firm and the industry. This methodology is one that is intended to build or strengthen a brand, and retain and attract new consumers. “In order to attract customers and make them pay the price of the product, the company should be good at understanding what customers’ needs and requirements are, and produce products that really want” (Attia & Hooley, 2007, p. 95).

Another factor Service refers to fast processing of documents, bill of lading and prompt loading and movement of containers etc. It is rather difficult for customers to get better quality of service than getting competitive freight rates. In this world of technology every company is trying to adapt to new technology in their day to day businesses like e-processing of documents and fastest data entry to name a few. Maersk is so technologically advanced in this field that all its data processing is being done electronically by back office and customers are able to access all information relevant to shipment though dedicated space available on company website. Examples electronic processes are shipping bills, vessel certificates, freight invoices and bill of lading in encrypted format once the payment is done by customer either electronically or at Maersk local office. Companies like APL and MSC do have electronic processing systems but are not fully fledged and as a result much of the work is still being done manually.

Deloitte and Development &Research Center of the State Post Bureau joint report, "The report of China's express delivery industry development 2014" shows that in 2013, China's express delivery service enterprises totaled 9.2 billion business volume, market size rose to the second in the world. Chinese express delivery industry currently has about 8,000 enterprises, total revenue in 2013 amounted to 144.22 billion CNY(23.54 billion USD).(2014) While SF-Express occupies over 20% domestic express delivery market share with annual revenues of more than 20 billion CNY(3.2 billion USD).(Cuiyi,Wang. 2013) This essay will explore the introduction of SF, provide PESTEL analysis and Porter’s Five Forces analysis of the company and strategic recommendations.