Communicate all the Trip Details with Your Drivers
Benefits of ProTransport Driver Trips:
- View active, available and completed trips
- Send trip documents and delivery receipts in real time
- Instant communication between drivers and dispatchers
Check Credit in RTS Pro Before Booking Your Next Load
Credit ratings are a valuable tool that help you weigh the risk of working with a specific broker or shipper. Knowing credit history and days-to-pay information can help you make an informed decision on who to work with. RTS Pro Credit offers quick, convenient access to credit data on over 90,000 brokers and shippers.
Save an Average of 25¢ per Gallon at More Than 2,000 Fuel Stations
More Than 25 Years Providing Same-Day Cash for Trucking Companies
Highlights of Our Factoring Services
By focusing on our clients and their business needs, we created a better factoring experience. Here is what you can expect when you work with us:
- Same-day funding
- 25+ years of factoring experience
- Competitive advance rates
- Free collections and credit analysis
- Online account access and easy uploading of documents
- Scalable funding that grows with your company
- Convenient mobile and web access
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Insights from RTS
Check out these popular articles from our blog:
Checking Freight Broker Credit Ratings
Penalties have gotten steeper for freight brokerages that don’t treat carriers fairly, including paying them on time. But this has not completely deterred all brokers from poor behavior. While the potential for payment issues can pose a significant credit risk to carriers of any size, smaller trucker companies need to be especially careful. With such small margins and high operating costs, missing even one payment from a broker can have serious consequences for the long-term success of their business.
Basic Accounting For Trucking Companies
No matter your fleet size or how long you have been in business, it is crucial to understand basic accounting terms and financial documents. Accounting explains your company’s financial history, health and overall performance. Without a good understanding of this information, you won’t know if you are succeeding or failing. That limits your ability to make informed decisions, operate effectively and position your company for future growth.
Common Terms
To get started, here are a few basic accounting terms and definitions:
What Are DOT Driver Qualification Files?
According to the Federal Motor Carrier Safety Administration (FMCSA), under whose jurisdiction trucking companies function to remain legally operational, “all motor carriers must maintain a qualification file for each employed driver.”
Here are some basic facts to get you started.
Comparing Cash Flow Options for Your Trucking Company
Common Causes of Cashflow Problems
- Long Pay Terms – In the trucking industry, pay terms are typically 30 – 60 days but can take as long as 90 days, leaving smaller companies struggling to pay overheard and operating expenses on time.
- Overhead Expenses – Dispatch, accounts payable, accounts receivable, back-office tasks, etc. all add up.
- General Operating Expenses – Truck service and maintenance can be unexpected and expensive, leaving companies to come up with money quickly.
Financing Options for Trucking Companies
To help you start your research, we’ve put together this information about multiple financing options for trucking companies. However we do recommend that you do additional research, ask questions of any potential partners and make sure you fully understand the terms, payback structure and full cost of borrowing before making any financial decision that will impact your business.