Freight Factoring

The freight factoring is a cash business, with high operating costs and low margins. Businesses that deal in raw materials, contract manufacturers, distributors, and other suppliers all rely on the same freight factoring service and a handful of companies to move their goods. Whether you’re a small distributor or wholesaler with just a couple of locations or an e-commerce retailer with warehouses across the country, the same principles apply. If you want more volume coming through your business and increasing cash flow too, read on for some tips. Don’t Receive Freight Where You Work Many freight factoring companies receive the majority of their freight volume at the location where they do business. You can’t expect to receive high volumes of freight simply because you’re nearby. You need to put in place procedures and controls to ensure you’re receiving freight in a timely manner. Make sure that you’re tracking your inventory so that you know exactly how much freight you’ve taken in a