Freight factoring is worth it in nearly every application for trucking companies. Freight factoring is a worthwhile investment for your trucking company and for many reasons. In this article, we’ll cover the benefits of freight factoring. Let’s dive in! What is Freight Factoring? Freight factoring is when...
Welcome to the world of freight factoring, a vital service in the trucking industry that revolutionizes how trucking companies manage their cash flow. Freight factoring, simply put, is when a business sells its invoices to a factoring company like OTR Solutions at a discount. This service...
Welcome to the world of trucker lingo, a unique aspect of the truck driving profession that blends humor, shorthand communication, and a sense of camaraderie. This language of the road isn't just about making jokes. Not at all, in fact. Trucker lingo phrases help to...
The Situation. Convoy Inc. suddenly, and without warning, shut its doors on Wednesday, 10/18. Convoy is yet another casualty of the freight market, joining the list behind Surge Transportation and Yellow. The market, as we all know and have been enduring for longer than experts originally...
Running a trucking business is challenging, with the road to success often filled with unexpected hurdles. From managing cash flow to optimizing operational efficiency, the journey of growth can be steep and arduous. Fortunately, with strategic planning and the right tools, growing your trucking business...
Starting a new trucking company can be both exciting and a challenge. Financial stability is crucial for trucking. For new companies, maintaining steady cash flow can be tough. Freight factoring provides a reliable solution, turning cash flow problems into a steady income. OTR Solutions is considered...
In the competitive landscape of the trucking industry, managing fuel expenses is a significant challenge that directly impacts profitability. Fuel costs, known for their volatility, can eat into margins, and tracking these expenses can often be a complex task. For trucking companies, optimizing fuel management...
The trucking industry, frequently referred to as the backbone of global commerce, ensures that goods are seamlessly moved across territories. While the emphasis on punctual deliveries is a defining aspect, receiving prompt payments is an equally pressing concern. Many trucking professionals today grapple with the...
The trucking industry is a competitive landscape, where businesses need to establish a strong presence to stand out and succeed. OTR Solutions understands this, offering a range of services that cater to the unique needs of trucking businesses, including an innovative branding tool called ELEVATE....
In this article, we’ll explore three tips for owner operators, that you need to know for the best chance of cash flow success. These are new owner operator tips, so if you’ve been an owner operator for a while, you may already know these. With that said,...
