New to Factoring?

For those who aren't familiar with factoring, it is basically a fast way to get cash to run your business.

Factoring is Not a Loan

When you send your customers an invoice, they usually have 30 days to pay you back. Factoring companies will give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. Once the invoices are paid in full, you’ll get the balance left over, minus a small fee.


Factoring Doesn't Require Debt

Sounds simple enough – fast cash for your business – no loans, no debt.

So how do you go about choosing the best factoring company?

Not all of them are created equal. Not all of them will give you the same level of service you need to help grow your business.

Everyone claims they have the simplest rate structure in the industry, no long-term contracts, same day funding, no up-front fees, no monthly minimums or maximums, fuel partnership programs for truckers, instant credit checks, etc., etc., etc.

We also offer these same benefits, but we GO THE EXTRA MILE FOR YOU that other factoring companies don’t.

Here’s Why We Are The Factoring Company You Need For Your Business

No other factoring company matches our level of superior service and offerings.


As you can see, we simply have more to offer you.

Other factoring companies don’t even compare.
Oakland

And Not All Factoring Companies Can Say This:

More than half of our new business comes through client referrals.

So, Can Your Company Use Factoring?

Of Course! Companies of all sizes, from small privately-owned companies to large multi-national corporations, use factoring as a way to increase their cash flow. Factoring spans all industries, including trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing agencies and more.

Companies use the cash generated from factoring to pay for inventory, buy new equipment, add employees, expand operations—basically any expenses related to their business. Factoring allows a company to make quicker decisions and expand at a faster pace.

Unlike a bank loan, factoring has…

  • No principle or interest to pay over time
  • No debt to repay
  • Unlimited funding potential – no caps
  • Fast funding – no waiting months like at a bank
  • Approval is based on the strength of your clients, not your credit
  • Startups are welcome in using funding services

Some of the benefits you receive with factoring are:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Information for the city of Oakland

Oakland is located in the west central part of California on the east side of San Francisco Bay. It is the seat of Alameda County.Don Luis Peralta first settled the site of Oakland in 1820 when he established the Rancho San Antonio. The gold rush of 1849 attracted more people to the area, and the city's population continued to grow after a ferry service to San Francisco was started in 1851. Oakland was incorporated as a town in 1852 and as a city in 1854. It was named after the numerous oak trees found in the area. Oakland became the western terminus of the Central Pacific Railroad in 1869 and the seat of Alameda County in 1873.In the latter part of the 19th century and also in 1910, additional territory was annexed to Oakland and the city assumed its present size. In 1906, thousands of people fled to Oakland in the aftermath of the San Francisco earthquake and settled there permanently, furthering the city's growth. Oakland's economic development continued to rise with the opening of the San Francisco Oakland Bay Bridge in 1936.Oakland is a major center of culture and commerce.

 

It is an important container shipping port and the terminus of three transcontinental railroads. Oakland's industries include food processing, transportation, software, telecommunications, pharmaceuticals, and electrical and high technology manufacturing. The city is the headquarters of many national and international corporations.Oakland is a major West Coast port, and the fifth busiest in the United States by cargo volume. The Port of Oakland handles 99% of all containerized goods moving through Northern California, representing $41 billion worth of international trade. There are nearly 200,000 jobs related to marine cargo transport in the Oakland area. These jobs range from minimum wage hourly positions to Transportation Storage and Distribution Managers who earn an annual average salary of $91,520. The Port of Oakland was an early innovator/pioneer in the technologies of Intermodal Containerized Shipping. The city is also home to several major corporations including rox, as well as the corporate headquarters for national brands and in recent years many start up high tech and green energy companies have found a home in the downtown neighborhoods of Uptown, City Center, Jack London Square and Lake Merritt Financial District.

 

In 2014, Oakland was the fifth ranked city for tech entrepreneurs by total venture capital investment.As of 2013, the San Francisco Oakland Hayward has a GDP (Gross Domestic Product) of $360.4 billion, ranking eighth among metropolitan areas in the United States. In 2014, Oakland was amongst the best cities to start a career, the highest ranked city in California after San Francisco. Additionally, Oakland ranked fourth in cities with professional opportunities. Numerous companies in San Francisco continue to expand in or migrate over to Oakland.Oakland experienced an increase of both its population and of land values in the early to mid first decade of the 21st century. The 10k Plan, which began during former mayor administration, and intensified during former mayor Jerry Brown's administration resulted in several thousand units of new multi family housing and development.

 

 

Information for the state of California

The economy of California is large enough to be comparable to that of the largest of countries. FY 2011, the gross state product (GSP) is about $1.96 trillion, the largest in the United States. California is responsible for 13.1 percent of the United States' $14.96 trillion gross domestic product (GDP). California's GDP is larger than that of all but 8 countries in dollar terms (the United States, China, Japan, Germany, France, Brazil, the United Kingdom, and Italy).

 

California's GDP is larger than the GDPs of Russia, India, Canada, Australia, and Spain; in terms of Purchasing Power Parity,[103] it is larger than all but 9 countries (the United States, China, India, Japan, Germany, Russia, Brazil, France, the United Kingdom, Italy), larger than Mexico, South Korea, Spain, Canada, and Turkey. In terms of jobs, the five largest sectors in California are trade, transportation, and utilities; government; professional and business services; education and health services; and leisure and hospitality. In terms of output, the five largest sectors are financial services, followed by trade, transportation, and utilities; education and health services; government; and manufacturing. Agriculture is an important sector in California's economy. Farming-related sales more than quadrupled over the past three decades, from $7.3 billion in 1974 to nearly $31 billion in 2004.[107] This increase has occurred despite a 15 percent decline in acreage devoted to farming during the period, and water supply suffering from chronic instability.

 

Factors contributing to the growth in sales-per-acre include more intensive use of active farmlands and technological improvements in crop production.[107] In 2008, California's 81,500 farms and ranches generated $36.2 billion products revenue.[108] In 2011, that number grew to $43.5 billion products revenue.

 

You have things to do and sometimes it just does not make sense to put them off until you get paid  

Each company has its own unique business needs, so some companies only factor invoices for customers that are slow in paying, whilst other companies factor all of their invoices. -Oakland Trucking Factoring Companies

 

 

I GAVE AWAY MY RECEIVABLES AND MADE MORE MONEY TOO  

Oakland Trucking Factoring Companies Articles

The Best Kept Secret in Financial Services: Freight Bill Factoring!

 

If you’re an existing owner of a trucking business, or perhaps you’re planning on starting a trucking business, then you may be interested in Freight Bill Factoring. Freight Bill Factoring helps trucking businesses, both large and small, achieve their overall business goals; but before making any final decision you must fully understand how Factoring works.

 

Freight Bill Factoring has become very popular with trucking businesses and is often referred to as the financial backbone of the trucking business. If you’re not familiar with Freight Bill Factoring, you may not know that factoring is a financing alternative for business owners: it gives them immediate access to additional financing capital they may otherwise not have access to. The process of Freight Bill Factoring is actually quite straightforward: it involves a factoring company purchasing bill of ladings at a discounted rate. This process is a win-win situation for both the trucking company who receives immediate funds and for the broker who pays for the invoices.

 

Freight Bill Factoring Is Not New!

 

Freight bill factoring is not a new idea; in fact, it has a long, rich tradition. Most civilizations that have engaged in commerce have also engaged in factoring in one form or another. For example, business relationships during the colonial period in North America were required to make cash payments in advance against Accounts Receivable in order for the business to continue with its commercial operations, prior to their users being paid for their goods. So, they were engaged in factoring!

 

Factoring Specialists Have Many Services to Offer

 

Of course, factoring has become a lot more sophisticated over the years, and today it’s focused on financial management, credit worthiness, and on collections. However, the basic concept of purchasing Accounts Receivable has stayed the same. In addition, the modern factoring company of today can do a lot more than just funding: a factoring specialist can assist clients by evaluating and setting credit limits, verifying customer’s credit worthiness, and professionally managing Accounts Receivable collections. Right across North America we see factoring companies existing in all forms and serving business sectors and industries of all types; and today, many large financial institutions even have their own factoring divisions. Generally, though, factoring companies are smaller, independently owned enterprises.

 

Banks Step Out as Factoring Steps In

 

Factoring has become very popular with trucking businesses because, as most business owners can verify, commercial lenders have become increasingly inflexible, with stricter regulations and ever-changing lending criteria. This inflexibility has forced both small and medium sized businesses to search for alternative financing sources, and this is where factoring has stepped in. Factoring is a simple, workable, solution-based process, providing an alternative for trucking businesses when traditional means of financing are not available. Factoring is proving to be a great financial remedy, particularly as banks and other lenders are becoming less friendly to small business owners.

 

Factoring Companies Operate Worldwide

 

The volume of factoring around the world has today exceeded the trillion-dollar mark! Factoring companies operate on every continent and, in the last four years, worldwide factoring transactions have increased by 60%. And that’s why we say that Freight Bill Factoring is the best kept secret in financial services!

 

 

You have things to do and sometimes it just does not make sense to put them off until you get paid

 

 

Oakland Trucking Factoring Companies Articles

"

Medical and Healthcare Factoring

 

Receive Payment Today! No Waiting Weeks for Reimbursement!

 

It's certainly no secret that Medicaid, Medicare, HMOs, Workers' Compensation, and other private insurers can take a LONG time to pay your invoices! But now there's good news for healthcare professionals! Now you don't have to wait weeks, sometimes months, to collect on your medical receivables. If you're a healthcare professional and you provide medical or healthcare-related services of any type, we're here to help you!

 

The Difference between Healthcare Factoring and Medical Factoring

 

Healthcare factoring and medical factoring are phrases that are often used interchangeably, probably understandably, but there is a difference between these two. The difference is that healthcare factoring applies when there's no third party payer involved, while a medical factoring company is used when there is a third-party payer involved.

 

Healthcare Factoring and Medical Receivables Factoring are available for the following healthcare providers -

 

- Group and Sole Practitioners
- Physical Therapy and Rehabilitation Facilities
- Hospitals
- Chiropractors
- Laboratories
- Durable Medical Equipment
- Medical Coding Services
- Medical Billing Services
- Medical Supply Companies
- Medical Staffing Companies
- Medical Transportation
- Medical Transcription Services
- Ambulance Providers
- Nursing Homes
- Imaging Facilities, such as providers of X-Rays, MRIs, CT Scans, and so on
- Home Healthcare Providers - both Medical and Non-Medical,
- And more!
Healthcare Receivables Factoring

 

Generally, healthcare receivables are associated with customers who are not third-party payers. Some common healthcare sectors include medical staffing companies, medical transcription services, medical billing and coding services, and medical supply companies. When these vendors utilize healthcare factoring they're free to enjoy the benefits of an almost unlimited line of credit - all based on the services they've provided. A simple explanation of factoring healthcare receivables is as follows-

 

- When work has been completed, the healthcare vendor will invoice their customer.
- These customers may include nursing homes, hospitals, medical offices, and so on.
- Next, the vendor will forward a copy of the billing documentation to the healthcare factoring company.
- Within 24 hours, sometimes even less, the factoring company will deposit money into the vendors bank account. The amount deposited will generally be around 85% of the gross value of the invoice.
- The factoring company handles collections on behalf of the vendor, and will retain 15% while awaiting payment.
- Once the invoice has been paid in full, the factor will release the 15% - less their factoring fee - back to the vendor.

 

Medical Receivables Factoring

 

- Regardless of whether you're billing Medicaid, Medicare, HMOs, Blue Cross/Blue Shield, or third-party insurance companies, we have the perfect factoring solution for you. When you start factoring your medical claims you'll achieve instant benefits by receiving upfront capital; while the factor may have to wait months for your customers to settle their accounts. A simple explanation of factoring medical claims is as follows-

 

- The healthcare provider submits claims to the third-party payer, as usual.
- A copy of completed paperwork is then submitted to the factoring company.
- Within 24 hours, sometimes even less, the factoring company will deposit money directly into the medical provider's bank account: the amount deposited will typically be around 85% of the net collectable value.
- Once the claim has been paid in full by the third-party payer, the factoring company will release the remaining 15% - less their factoring fee.

 

"

 

 

Oakland Trucking Factoring Companies Articles

Why Do Companies Choose Factoring?

 

We know that factoring is the ideal way for a business to access instant cash on their company’s receivables, but there are other important benefits as well. Factoring can be a very handy financial instrument for many businesses.

 

Listed below Are Six Key Benefits of Factoring

 

No. 1: Back Office Solutions

 

Anyone running a business knows just how time consuming and expensiveit can be collecting payments from customers. When you employ a factoring company they’ll take over that role for you using their own collection specialists: it’s their job to follow up with customers until such time as your account has been paid in full. In addition, some factoring companies use online accounts, which means that you’ll have the ability to track your customers’ payments in real time.

 

Handing this time consuming part of your business over to the factoring company frees up your time to do what you do best – running your business, looking for new business opportunities, and providing your customers with excellent customer service.

 

No. 2: Better Quality Customers

 

Some factoring companies have their own rating systems for companies involved in your industry, in addition to having access to credit data on companies that could well become your new customers, and days pay information. Others create their own rating systems for companies working in your industry, which allows you to make calculated, informed decisions about both existing and new customers.

 

No. 3: Instant Access to Cash

 

When a company provides goods or services on credit it usually has to wait somewhere between 30 and 90 days for customers to pay on their invoice, and this very often leads to cash flow problems for the business. And that’s the beauty of factoring! When you use a factoring company you’ll typically receive an advance on an invoice within 24 hours. This immediate injection of cash allows businesses to purchase additional equipment, employ new staff, and cover other business expenses.

 

No. 4: Growing Your Business

 

Because factoring provides instant access to cash, it offers you the flexibility to grow your business at a faster pace. In addition, factoring is very simple to set up. A factoring account can be created within a matter of days, whereas a traditional bank loan can take weeks. And, there’s no limit to the amount of funding a factoring company can provide, unlike bank loans. Of course, this is assuming the factoring company you choose to work with has a strong capital structure. Over a period of time, the volume of factoring can increase within months – from thousands to millions of dollars.

 

No. 5: Funding for Start Ups

 

Start Ups quite often require financing to get their business up and running; but because they have no cash flow statements or balance sheets, and no business history, they’re highly unlikely to qualify for cash flow or asset based lending.

 

Factoring is not concerned about these requirements because it’s main interest is in the credit history of your customers. Before a factoring company offers you financial assistance it will examine your customers’ credit scores, their payment patterns, and general financial health. Typically, the factoring company will not be interested in how long your company has been operating.

 

No. 6: Factoring Is Not a Debt

 

Factoring does not become a debt to your business because it’s not a loan. Your business receives financial support from the factoring company as and when you accumulate invoices, and the matter is settled once your customers have paid in full. It’s true that if you’re utilizing recourse factoring, you, as the factoring client, assume the risk if your customers default on payment; however, factoring companies usually allow businesses to work off that amount by retaining a portion of reserve payments or future cash payments.

 

 

 

You Can Find More Information at  http://freightbills.org
and at businessreceivablefactoring.org

Call Us Today at: 1-800-986-1854

 

Watch our Factoring Company Video below to see how we work for you.

 

div class="embed-responsive embed-responsive-4by3 overlay-container">
 


 

Get CASH NOW for your outstanding receivables.

 

 

Some history on the Freight Broker Industry

 

The Logistics and Transportation Industry in the United States

The logistics and transportation industry in the United States is highly competitive. By investing in this sector, multinational firms position themselves to better facilitate the flow of goods throughout the largest consumer market in the world.. International and domestic companies in this industry benefit from a highly skilled workforce and relatively low costs and regulatory burdens.

 

Shipping Port

 

Spending in the U.S. logistics and transportation industry totaled $1.33 trillion in 2012, and represented 8.5 percent of annual gross domestic product (GDP). Analysts expect industry investment to correlate with growth in the U.S. economy.

 

A highly integrated supply chain network in the United States links producers and consumers through multiple transportation modes, including air and express delivery services, freight rail, maritime transport, and truck transport. To serve customers efficiently, multinational and domestic firms provide tailored logistics and transportation solutions that ensure coordinated goods movement from origin to end user through each supply chain network segment. Industry Subsectors

 

Logistics services: This subsector includes inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply and demand planning, third-party logistics management, and other support services. Logistics services are involved at all levels in the planning and execution of the movement of goods.

 

Air and express delivery services (EDS): Firms offer expedited, time-sensitive, and end-to-end services for documents, small parcels, and high-value items. EDS firms also provide the export infrastructure for many exporters, particularly small and medium-sized businesses that cannot afford to operate their own supply chain.

 

Freight rail: High volumes of heavy cargo and products are transported long distances via the U.S. rail tracking network. Freight rail moves more than 70 percent of the coal, 58 percent of its raw metal ores, and more than 30 percent of its grain for the nation. This subsector accounted for approximately one third of all U.S. exports.

 

Maritime: This subsector includes carriers, seaports, terminals, and labor involved in the movement of cargo and passengers by water. Water transportation carries about 78 percent of U.S. exports by tonnage, via both foreign-flag and U.S.-flag carriers.

 

Trucking: Over-the-road transportation of cargo is provided by motor vehicles over short and medium distances. The American Trucking Associations reports that in 2012, trucks moved 9.4 billion tons of freight, or about 68.5 percent of all freight tonnage transported domestically. Motor carriers collected $642 billion in revenues, or about 81 percent of total revenue earned by all domestic transport modes.

 

Industry Associations:

 

American Association of Port Authorities
American Society of Transportation and Logistics
American Trucking Associations
Association of American Railroads
Council of Supply Chain Management Professionals
Express Delivery and Logistics Association
Industry Publications:

 

American Shipper
Journal of Commerce
Material Handling & Logistics
Transport Intelligence
Transport Topics

 

North American Industry Classification System For Transportation

 

The Transportation and Warehousing sector includes industries providing transportation of passengers and cargo, warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of transportation. Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. The type of equipment depends on the mode of transportation. The modes of transportation are air, rail, water, road, and pipeline.

 

The Transportation and Warehousing sector distinguishes three basic types of activities: subsectors for each mode of transportation, a subsector for warehousing and storage, and a subsector for establishments providing support activities for transportation. In addition, there are subsectors for establishments that provide passenger transportation for scenic and sightseeing purposes, postal services, and courier services.

 

A separate subsector for support activities is established in the sector because, first, support activities for transportation are inherently multimodal, such as freight transportation arrangement, or have multimodal aspects. Secondly, there are production process similarities among the support activity industries.

 

One of the support activities identified in the support activity subsector is the routine repair and maintenance of transportation equipment (e.g., aircraft at an airport, railroad rolling stock at a railroad terminal, or ships at a harbor or port facility). Such establishments do not perform complete overhauling or rebuilding of transportation equipment (i.e., periodic restoration of transportation equipment to original design specifications) or transportation equipment conversion (i.e., major modification to systems). An establishment that primarily performs factory (or shipyard) overhauls, rebuilding, or conversions of aircraft, railroad rolling stock, or a ship is classified in Subsector 336, Transportation Equipment Manufacturing according to the type of equipment.

 

Many of the establishments in this sector often operate on networks, with physical facilities, labor forces, and equipment spread over an extensive geographic area.

 

Truck Transportation

 

Industries in the Truck Transportation subsector provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor trailers. The subsector is subdivided into general freight trucking and specialized freight trucking. This distinction reflects differences in equipment used, type of load carried, scheduling, terminal, and other networking services. General freight transportation establishments handle a wide variety of general commodities, generally palletized, and transported in a container or van trailer. Specialized freight transportation is the transportation of cargo that, because of size, weight, shape, or other inherent characteristics require specialized equipment for transportation.

 

Each of these industry groups is further subdivided based on distance traveled. Local trucking establishments primarily carry goods within a single metropolitan area and its adjacent nonurban areas. Long distance trucking establishments carry goods between metropolitan areas.

 

The Specialized Freight Trucking industry group includes a separate industry for Used Household and Office Goods Moving. The household and office goods movers are separated because of the substantial network of establishments that has developed to deal with local and long-distance moving and the associated storage. In this area, the same establishment provides both local and long-distance services, while other specialized freight establishments generally limit their services to either local or long-distance hauling.

 

General Freight Trucking

 

This industry group comprises establishments primarily engaged in providing general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized, and transported in a container or van trailer. The establishments of this industry group provide a combination of the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.

 

General Freight Trucking, Local

 

This industry comprises establishments primarily engaged in providing local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.

 

General Freight Trucking, Long-Distance

 

This industry comprises establishments primarily engaged in providing long-distance general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL) carriers.

 

General Freight Trucking, Long-Distance, Truckload

 

This U.S. industry comprises establishments primarily engaged in providing long-distance general freight truckload (TL) trucking. These long-distance general freight truckload carrier establishments provide full truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments.

 

General Freight Trucking, Long-Distance, Less Than Truckload

 

This U.S. industry comprises establishments primarily engaged in providing long-distance, general freight, less than truckload (LTL) trucking. LTL carriage is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. These establishments are generally characterized by the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.

 

Specialized Freight Trucking

 

This industry group comprises establishments primarily engaged in providing local or long-distance specialized freight trucking. The establishments of this industry are primarily engaged in the transportation of freight which, because of size, weight, shape, or other inherent characteristics, requires specialized equipment, such as flatbeds, tankers, or refrigerated trailers. This industry includes the transportation of used household, institutional, and commercial furniture and equipment.

 

Used Household and Office Goods Moving

 

This industry comprises establishments primarily engaged in providing local or long-distance trucking of used household, used institutional, or used commercial furniture and equipment. Incidental packing and storage activities are often provided by these establishments. Specialized Freight (except Used Goods) Trucking, Local

 

Specialized Freight (except Used Goods) Trucking, Long-Distance

 

This industry comprises establishments primarily engaged in providing long-distance specialized trucking. These establishments provide trucking between metropolitan areas that may cross North American country borders.

 

Freight Broker

 

A freight broker is an individual or company that serves as a liaison between another individual or company that needs shipping services and an authorized motor carrier. Though a freight broker plays an important role in the movement of cargo, the broker doesn't function as a shipper or a carrier. To operate as a freight broker, a business or individual must obtain a license from the Federal Motor Carrier Safety Administration (FMCSA). Freight brokers are required to carry surety bonds as well.

 

Freight broker services are valuable to both shippers and motor carriers. Freight brokers help shippers find reliable carriers that might otherwise be difficult to locate. They assist motor carriers in filling their trucks and earning money for transporting a wide variety of items. For their efforts, freight brokers earn commissions.

 

Freight brokers use their knowledge of the shipping industry and technological resources to help shippers and carriers accomplish their goals. Many companies find the services provided by freight brokers indispensable. In fact, some companies hire brokers to coordinate all of their shipping needs.

 

Often, freight brokers are confused with forwarders. Though a freight forwarder performs some of the same tasks as a freight broker, the two are not the same. A forwarder takes possession of the items being shipped, consolidates smaller shipments, and arranges for the transportation of the consolidated shipments. By contrast, a freight broker never takes possession of items being shipped thus in the absence of negligent entrustment, a freight broker is not normally involved as a party litigant in a cargo claim dispute, although as an accommodation, the freight broker may assist the shipper at their request and expense with filing freight claims.

 

NAICS Index Description

 

484110 Bulk mail truck transportation, contract, local
484110 Container trucking services, local
484110 General freight trucking, local
484110 Motor freight carrier, general, local
484110 Transfer (trucking) services, general freight, local
484110 Trucking, general freight, local
484121 Bulk mail truck transportation, contract, long-distance (TL)
484121 Container trucking services, long-distance (TL)
484121 General freight trucking, long-distance, truckload (TL)
484121 Motor freight carrier, general, long-distance, truckload (TL)
484121 Trucking, general freight, long-distance, truckload (TL)
484122 General freight trucking, long-distance, less-than-truckload (LTL)
484122 LTL (less-than-truckload) long-distance freight trucking
484122 Motor freight carrier, general, long-distance, less-than-truckload (LTL)
484122 Trucking, general freight, long-distance, less-than-truckload (LTL)
484210 Furniture moving, used
484210 Motor freight carrier, used household goods
484210 Trucking used household, office, or institutional furniture and equipment
484210 Used household and office goods moving
484210 Van lines, moving and storage services
484220 Agricultural products trucking, local
484220 Automobile carrier trucking, local
484220 Boat hauling, truck, local
484220 Bulk liquids trucking, local
484220 Coal hauling, truck, local
484220 Dry bulk trucking (except garbage collection, garbage hauling), local
484220 Dump trucking (e.g., gravel, sand, top soil)
484220 Farm products hauling, local
484220 Flatbed trucking, local
484220 Grain hauling, local
484220 Gravel hauling, local
484220 Livestock trucking, local
484220 Log hauling, local
484220 Milk hauling, local
484220 Mobile home towing services, local
484220 Refrigerated products trucking, local
484220 Rubbish hauling without collection or disposal, truck, local
484220 Sand hauling, local
484220 Tanker trucking (e.g., chemical, juice, milk, petroleum), local
484220 Top-soil hauling, local
484220 Tracked vehicle freight transportation, local
484220 Trucking, specialized freight (except used goods), local
484230 Automobile carrier trucking, long-distance
484230 Boat hauling, truck, long-distance
484230 Bulk liquids trucking, long-distance
484230 Dry bulk carrier, truck, long-distance
484230 Farm products trucking, long-distance
484230 Flatbed trucking, long-distance
484230 Forest products trucking, long-distance
484230 Grain hauling, long-distance
484230 Gravel hauling, long-distance
484230 Livestock trucking, long-distance
484230 Log hauling, long-distance
484230 Mobile home towing services, long-distance
484230 Radioactive waste hauling, long-distance
484230 Recyclable material hauling, long-distance
484230 Refrigerated products trucking, long-distance
484230 Refuse hauling, long-distance
484230 Rubbish hauling without collection or disposal, truck, long-distance
484230 Sand hauling, long-distance
484230 Tanker trucking (e.g., chemical, juice, milk, petroleum), long-distance
484230 Tracked vehicle freight transportation, long-distance
484230 Trash hauling, long-distance
484230 Trucking, specialized freight (except used goods), long-distance
484230 Waste hauling, hazardous, long-distance
484230 Waste hauling, nonhazardous, long-distance

 

Economic Impact of Trucking

 

The importance of trucking can summed up by an old industry addage: "If you bought it, a truck brought it." Retail stores, hospitals, gas stations, garbage disposal, construction sites, banks, and even a clean water supply depends entirely upon trucks to distribute vital cargo. Even before a product reaches store shelves, the raw materials and other stages of production materials that go into manufacturing any given product are moved by trucks.

 

Trucking is vitally important to U.S. industry, however, measuring the impact of trucking on the economy is more difficult, because trucking services are so intertwined with all sectors of the economy. According to the measurable share of the economy that trucking represents, the industry directly contributes about 5 percent to the gross domestic product annually. In addition, the industry plays a critical support role for other transportation modes and for other sectors of the economy such as the resource, manufacturing, construction, and wholesale and retail trade industries

Third Party Logistics-Freight Brokers 

Freight Brokers

 

Freight brokers are federally regulated and bonded companies. Most commonly they have a vast network and access to a library of freight carriers and search for the right availability based on customer specifications. These brokers also offer various value-added services that encompass transportation, logistics, and distribution. Typically, freight brokers do not touch the freight. They engage in helping shippers find the best price with the best carrier for any given load.

 

The proliferation of freight brokers called for an increase in financial integrity and liability of these companies, which has led to the passing of the Moving Ahead for Progress in the 21st Century Act. In order to obtain a license to broker freight, a freight brokerage must purchase a surety bond or trust agreement with the Federal Motor Carrier Safety Administration. Prior to June 2012 when the bill was signed by President Obama, the surety bond coverage required to hold a broker license was $10,000. Effective October 1, 2013, the surety bond requirement increased to $75,000.

 

Other logistics companies include 3rd-Party Logistics Providers. They offer a variety of supply chain and distribution-related practices and techniques in order to improve in-house logistics. The main difference between a traditional freight broker and most 3rd-Party Logistics Providers is that freight brokers do not actually touch the freight, whereas 3rd-Party Logistics providers often do.

 

 

Oakland Trucking Factoring Companies Links

New York City Trucking Factoring Companies

 

Los Angeles Trucking Factoring Companies

 

Chicago Trucking Factoring Companies

 

Houston Trucking Factoring Companies

 

Philadelphia Trucking Factoring Companies

 

Phoenix Trucking Factoring Companies

 

San Antonio Trucking Factoring Companies

 

San Diego Trucking Factoring Companies

 

Dallas Trucking Factoring Companies

 

San Jose Trucking Factoring Companies

 

Austin Trucking Factoring Companies

 

Jacksonville Trucking Factoring Companies

 

Indianapolis Trucking Factoring Companies

 

San Francisco Trucking Factoring Companies

 

Columbus Trucking Factoring Companies

 

Fort Worth Trucking Factoring Companies

 

Charlotte Trucking Factoring Companies

 

Detroit Trucking Factoring Companies

 

El Paso Trucking Factoring Companies

 

Memphis Trucking Factoring Companies

 

Boston Trucking Factoring Companies

 

Seattle Trucking Factoring Companies

 

Denver Trucking Factoring Companies

 

Washington DC Trucking Factoring Companies

 

Nashville Davidson Trucking Factoring Companies

 

Baltimore Trucking Factoring Companies

 

Louisville Jefferson Trucking Factoring Companies

 

Portland Trucking Factoring Companies

 

Oklahoma City Trucking Factoring Companies

 

Milwaukee Trucking Factoring Companies

 

Las Vegas Trucking Factoring Companies

 

Albuquerque Trucking Factoring Companies

 

Tucson Trucking Factoring Companies

 

Fresno Trucking Factoring Companies

 

Sacramento Trucking Factoring Companies

 

Long Beach Trucking Factoring Companies

 

Kansas City Trucking Factoring Companies

 

Mesa Trucking Factoring Companies

 

Virginia Beach Trucking Factoring Companies

 

Atlanta Trucking Factoring Companies

 

Colorado Springs Trucking Factoring Companies

 

Raleigh Trucking Factoring Companies

 

Omaha Trucking Factoring Companies

 

Miami Trucking Factoring Companies

 

Oakland Trucking Factoring Companies

 

Tulsa Trucking Factoring Companies

 

Minneapolis Trucking Factoring Companies

 

Cleveland Trucking Factoring Companies

 

Wichita Trucking Factoring Companies

 

Arlington Trucking Factoring Companies

 

New Orleans Trucking Factoring Companies

 

Bakersfield Trucking Factoring Companies

 

Tampa Trucking Factoring Companies

 

Honolulu Trucking Factoring Companies

 

Anaheim Trucking Factoring Companies

 

Aurora Trucking Factoring Companies

 

Santa Ana Trucking Factoring Companies

 

St. Louis Trucking Factoring Companies

 

Riverside Trucking Factoring Companies

 

Corpus Christi Trucking Factoring Companies

 

Pittsburgh Trucking Factoring Companies

 

Lexington Fayette Trucking Factoring Companies

 

Anchorage Trucking Factoring Companies

 

Stockton Trucking Factoring Companies

 

Cincinnati Trucking Factoring Companies

 

St. Paul Trucking Factoring Companies

 

Toledo Trucking Factoring Companies

 

Newark Trucking Factoring Companies

 

Greensboro Trucking Factoring Companies

 

Plano Trucking Factoring Companies

 

Henderson Trucking Factoring Companies

 

Lincoln Trucking Factoring Companies

 

Buffalo Trucking Factoring Companies

 

Fort Wayne Trucking Factoring Companies

 

Jersey Trucking Factoring Companies

 

Chula Vista Trucking Factoring Companies

 

Orlando Trucking Factoring Companies

 

St. Petersburg Trucking Factoring Companies

 

Norfolk Trucking Factoring Companies

 

Chandler Trucking Factoring Companies

 

Laredo Trucking Factoring Companies

 

Madison Trucking Factoring Companies

 

Durham Trucking Factoring Companies

 

Lubbock Trucking Factoring Companies

 

Winston Salem Trucking Factoring Companies

 

Garland Trucking Factoring Companies

 

Glendale Trucking Factoring Companies

 

Hialeah Trucking Factoring Companies

 

Reno Trucking Factoring Companies

 

Baton Rouge Trucking Factoring Companies

 

Irvine Trucking Factoring Companies

 

Chesapeake Trucking Factoring Companies

 

Irving Trucking Factoring Companies

 

Scottsdale Trucking Factoring Companies

 

North Las Vegas Trucking Factoring Companies

 

Fremont Trucking Factoring Companies

 

Gilbert town Trucking Factoring Companies

 

San Bernardino Trucking Factoring Companies

 

Boise Trucking Factoring Companies

 

Birmingham Trucking Factoring Companies

 

Rochester Trucking Factoring Companies

 

Richmond Trucking Factoring Companies

 

Spokane Trucking Factoring Companies

 

Des Moines Trucking Factoring Companies

 

Modesto Trucking Factoring Companies

 

Fayetteville Trucking Factoring Companies

 

Tacoma Trucking Factoring Companies

 

Oxnard Trucking Factoring Companies

 

Fontana Trucking Factoring Companies

 

Columbus Trucking Factoring Companies

 

Montgomery Trucking Factoring Companies

 

Moreno Valley Trucking Factoring Companies

 

Shreveport Trucking Factoring Companies

 

Aurora Trucking Factoring Companies

 

Yonkers Trucking Factoring Companies

 

Akron Trucking Factoring Companies

 

Huntington Beach Trucking Factoring Companies

 

Little Rock Trucking Factoring Companies

 

Augusta Trucking Factoring Companies

 

Amarillo Trucking Factoring Companies

 

Glendale Trucking Factoring Companies

 

Mobile Trucking Factoring Companies

 

Grand Rapids Trucking Factoring Companies

 

Salt Lake City Trucking Factoring Companies

 

Tallahassee Trucking Factoring Companies

 

Huntsville Trucking Factoring Companies

 

Grand Prairie Trucking Factoring Companies

 

Knoxville Trucking Factoring Companies

 

Worcester Trucking Factoring Companies

 

Newport News Trucking Factoring Companies

 

Brownsville Trucking Factoring Companies

 

Overland Park Trucking Factoring Companies

 

Santa Clarita Trucking Factoring Companies

 

Providence Trucking Factoring Companies

 

Garden Grove Trucking Factoring Companies

 

Chattanooga Trucking Factoring Companies

 

Oceanside Trucking Factoring Companies

 

Jackson Trucking Factoring Companies

 

Fort Lauderdale Trucking Factoring Companies

 

Santa Rosa Trucking Factoring Companies

 

Rancho Cucamonga Trucking Factoring Companies

 

Port St. Lucie Trucking Factoring Companies

 

Tempe Trucking Factoring Companies

 

Ontario Trucking Factoring Companies

 

Vancouver Trucking Factoring Companies

 

Cape Coral Trucking Factoring Companies

 

Sioux Falls Trucking Factoring Companies

 

Springfield Trucking Factoring Companies

 

Peoria Trucking Factoring Companies

 

Pembroke Pines Trucking Factoring Companies

 

Elk Grove Trucking Factoring Companies

 

Salem Trucking Factoring Companies

 

Lancaster Trucking Factoring Companies

 

Corona Trucking Factoring Companies

 

Eugene Trucking Factoring Companies

 

Palmdale Trucking Factoring Companies

 

Salinas Trucking Factoring Companies

 

Springfield Trucking Factoring Companies

 

Pasadena Trucking Factoring Companies

 

Fort Collins Trucking Factoring Companies

 

Hayward Trucking Factoring Companies

 

Pomona Trucking Factoring Companies

 

Cary Trucking Factoring Companies

 

Rockford Trucking Factoring Companies

 

Alexandria Trucking Factoring Companies

 

Escondido Trucking Factoring Companies

 

Mckinney Trucking Factoring Companies

 

Kansas City Trucking Factoring Companies

 

Joliet Trucking Factoring Companies

 

Sunnyvale Trucking Factoring Companies

 

Torrance Trucking Factoring Companies

 

Bridgeport Trucking Factoring Companies

 

Lakewood Trucking Factoring Companies

 

Hollywood Trucking Factoring Companies

 

Paterson Trucking Factoring Companies

 

Naperville Trucking Factoring Companies

 

Syracuse Trucking Factoring Companies

 

Mesquite Trucking Factoring Companies

 

Dayton Trucking Factoring Companies

 

Savannah Trucking Factoring Companies

 

Clarksville Trucking Factoring Companies

 

Orange Trucking Factoring Companies

 

Pasadena Trucking Factoring Companies

 

Fullerton Trucking Factoring Companies

 

Killeen Trucking Factoring Companies

 

Frisco Trucking Factoring Companies

 

Hampton Trucking Factoring Companies

 

Mcallen Trucking Factoring Companies

 

Warren Trucking Factoring Companies

 

Bellevue Trucking Factoring Companies

 

West Valley City Trucking Factoring Companies

 

Columbia Trucking Factoring Companies

 

Olathe Trucking Factoring Companies

 

Sterling Heights Trucking Factoring Companies

 

New Haven Trucking Factoring Companies

 

Miramar Trucking Factoring Companies

 

Waco Trucking Factoring Companies

 

Thousand Oaks Trucking Factoring Companies

 

Cedar Rapids Trucking Factoring Companies

 

Charleston Trucking Factoring Companies

 

Visalia Trucking Factoring Companies

 

Topeka Trucking Factoring Companies

 

Elizabeth Trucking Factoring Companies

 

Gainesville Trucking Factoring Companies

 

Thornton Trucking Factoring Companies

 

Roseville Trucking Factoring Companies

 

Carrollton Trucking Factoring Companies

 

Coral Springs Trucking Factoring Companies

 

Stamford Trucking Factoring Companies

 

Simi Valley Trucking Factoring Companies

 

Concord Trucking Factoring Companies

 

Hartford Trucking Factoring Companies

 

Kent Trucking Factoring Companies

 

Lafayette Trucking Factoring Companies

 

Midland Trucking Factoring Companies

 

Surprise Trucking Factoring Companies

 

Denton Trucking Factoring Companies

 

Victorville Trucking Factoring Companies

 

Evansville Trucking Factoring Companies

 

Santa Clara Trucking Factoring Companies

 

Abilene Trucking Factoring Companies

 

Athens Trucking Factoring Companies

 

Vallejo Trucking Factoring Companies

 

Allentown Trucking Factoring Companies

 

Norman Trucking Factoring Companies

 

Beaumont Trucking Factoring Companies

 

Independence Trucking Factoring Companies

 

Murfreesboro Trucking Factoring Companies

 

Ann Arbor Trucking Factoring Companies

 

Springfield Trucking Factoring Companies

 

Berkeley Trucking Factoring Companies

 

Peoria Trucking Factoring Companies

 

Provo Trucking Factoring Companies

 

El Monte Trucking Factoring Companies

 

Columbia Trucking Factoring Companies

 

Lansing Trucking Factoring Companies

 

Fargo Trucking Factoring Companies

 

Downey Trucking Factoring Companies

 

Costa Mesa Trucking Factoring Companies

 

Wilmington Trucking Factoring Companies

 

Arvada Trucking Factoring Companies

 

Inglewood Trucking Factoring Companies

 

Miami Gardens Trucking Factoring Companies

 

Carlsbad Trucking Factoring Companies

 

Westminster Trucking Factoring Companies

 

Rochester Trucking Factoring Companies

 

Odessa Trucking Factoring Companies

 

Manchester Trucking Factoring Companies

 

Elgin Trucking Factoring Companies

 

West Jordan Trucking Factoring Companies

 

Round Rock Trucking Factoring Companies

 

Clearwater Trucking Factoring Companies

 

Waterbury Trucking Factoring Companies

 

Gresham Trucking Factoring Companies

 

Fairfield Trucking Factoring Companies

 

Billings Trucking Factoring Companies

 

Lowell Trucking Factoring Companies

 

Ventura Trucking Factoring Companies

 

Pueblo Trucking Factoring Companies

 

High Point Trucking Factoring Companies

 

West Covina Trucking Factoring Companies

 

Richmond Trucking Factoring Companies

 

Murrieta Trucking Factoring Companies

 

Cambridge Trucking Factoring Companies

 

Antioch Trucking Factoring Companies

 

Temecula Trucking Factoring Companies

 

Norwalk Trucking Factoring Companies

 

Centennial Trucking Factoring Companies

 

Everett Trucking Factoring Companies

 

Palm Bay Trucking Factoring Companies

 

Wichita Falls Trucking Factoring Companies

 

Green Bay Trucking Factoring Companies

 

Daly City Trucking Factoring Companies

 

Burbank Trucking Factoring Companies

 

Richardson Trucking Factoring Companies

 

Pompano Beach Trucking Factoring Companies

 

North Charleston Trucking Factoring Companies

 

Broken Arrow Trucking Factoring Companies

 

Boulder Trucking Factoring Companies

 

West Palm Beach Trucking Factoring Companies

 

Santa Maria Trucking Factoring Companies

 

El Cajon Trucking Factoring Companies

 

Davenport Trucking Factoring Companies

 

Rialto Trucking Factoring Companies

 

Edison Trucking Factoring Companies

 

Las Cruces Trucking Factoring Companies

 

San Mateo Trucking Factoring Companies

 

Lewisville Trucking Factoring Companies

 

South Bend Trucking Factoring Companies

 

Lakeland Trucking Factoring Companies

 

Erie Trucking Factoring Companies

 

Woodbridge Trucking Factoring Companies

 

Tyler Trucking Factoring Companies

 

Pearland Trucking Factoring Companies

 

College Station Trucking Factoring Companies

 

Albany Trucking Factoring Companies

 

Allegheny Trucking Factoring Companies

 

Brooklyn Trucking Factoring Companies

 

Camden Trucking Factoring Companies

 

Canton Trucking Factoring Companies

 

Dearborn Trucking Factoring Companies

 

Duluth Trucking Factoring Companies

 

Fall River Trucking Factoring Companies

 

Flint Trucking Factoring Companies

 

Gary Trucking Factoring Companies

 

Hammond Trucking Factoring Companies

 

Kenosha Trucking Factoring Companies

 

Livonia Trucking Factoring Companies

 

Lynn Trucking Factoring Companies

 

Macon Trucking Factoring Companies

 

New Bedford Trucking Factoring Companies

 

Niagara Falls Trucking Factoring Companies

 

Parma Trucking Factoring Companies

 

Portsmouth Trucking Factoring Companies

 

Reading Trucking Factoring Companies

 

Roanoke Trucking Factoring Companies

 

Scranton Trucking Factoring Companies

 

Somerville Trucking Factoring Companies

 

St. Joseph Trucking Factoring Companies

 

Trenton Trucking Factoring Companies

 

Utica Trucking Factoring Companies

 

Wilmington Trucking Factoring Companies

 

Youngstown Trucking Factoring Companies