Summer presents a unique opportunity for truckers looking to expand their business.
Despite increased opportunities for revenue, many truckers either remain stagnant or lose business during the summer.
Why is this happening?
The Summer Growth Paradox
As produce, construction, and seasonal products ramp up, many truckers face a growth paradox: Freight demand is high, but operating costs rise with new business.
To name just a few culprits of rising costs,
- Fuel costs will rise as fleets take on additional freight
- If you need help covering fuel costs, our fuel cards get discounts at over 900+ locations nationwide. Click here to get a fuel card for your fleet.
- Driver compensation will also increase as hours are extended to meet the demand
- Maintenance costs increase as time on the road grows
- Insurance and compliance costs also increase with more miles
In a typical business, the increase in revenue would offset additional costs. Unfortunately, freight has the unique problem of delayed payments for 30-90 days.
This delay makes it difficult for carriers to cover operating costs while waiting to be paid.
Fortunately, there is a solution.
Getting Paid Immediately for Your Loads
To supercharge the growth of your trucking business this summer, factoring services allow you to get paid immediately for your loads.
How it works
The factoring process only requires four easy steps.
- Complete the delivery of your load.
- Submit your rate confirmation and Bill of Lading.
- Provide an invoice or have one made for you if you factor with England Carrier Services.
- Your funds will be deposited directly to your bank account within hours.
That’s it.
With factoring services, you can:
- Get cash to add more drivers and trucks to your fleet
- Take on premium loads
- Cover your operating expenses with ease
For many carriers, factoring services allow them to grow their businesses rapidly during the summer months—no more missed opportunities.
As freight demand increases, expenses will also increase. With healthy cash flow through factoring, you can be ready.
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The England Carrier Services (ECS) division offers various services for carriers ranging from maintenance to support. As ECS members, carriers have access to nationwide discounts on fuel and tires from dedicated team members committed to finding the best price. ECS also provides factoring services with benefits such as same-day funding to a bank account or fuel card. These options allow carriers the freedom to focus on growing their business while saving time and money.