Factoring Service
Our Commitment
"Swift Access to Capital Upfront"
Partnership with OTR Solutions
Expert support to all our clients
Tailored Factoring Services for Trucking Firms
Running a business can be quite challenging, especially if it’s small or you’re starting, but maintaining a consistent cash flow can make the difference between failing and succeeding. Unpaid invoices severely disrupt operations, particularly when incoming cash is required for rent or payrolls. You should partner with Own Logistics Dispatch for factoring services, which could significantly affect your business operations.
Choose Your Truck Type
How Incorporating a Truck Factoring Service Could Be Beneficial
Freight factoring, also known as truck factoring, helps carriers and owner-operators turn overdue invoices into cash. In essence, a third-party factoring business for transportation will buy overdue accounts receivable at a rate of advance that varies from 80% to 90% of the invoice amount before going after the bills directly. Factoring in the trucking sector means someone else takes the risk of non-payment. For many trucking companies, the mere benefit of a discount on invoices is enough to justify using factoring services; the company receives instant income used to cover overhead or even take on additional work to boost earnings.
Trucking Document Management
The general public often overlooks truckers’ administrative responsibilities while discussing their profession. As the globe becomes more digitally connected, we must consider additional data and information security factors. It takes time and effort to make sure you have all the required paperwork and that it is correctly filled, filed, and maintained. This may lead to more stress in addition to introducing unnecessary tension in the operations of your trucking company. Own Logistics Dispatch Services can help with that.
Ensuring Full Coverage in Trucking Operations
Driving is only one aspect of being a truck driver.We are aware that, in addition to locating, negotiating, and scheduling cargoes, there are strict requirements for documentation, insurance, and compliance with SAFETY/DOT and other rules. As a result, we guarantee thorough coverage of all required documentation, including W-9 forms, broker/carrier bundles and setup papers, customs and transportation documents, insurance certificates and proof of insurance, and rate confirmations.
Knowledge and Mastery
We at OLDS offer exceptional customer service. Understanding every aspect of the trucking business, including legal requirements and industry regulations, is necessary. We know what is needed, why it is needed, and who must see it. We make sure that all required components are present on paperwork to uphold the values of diligence, correctness, and comprehensiveness when preparing, filing, and managing trucking documentation. We take it very seriously because your success is also our success.
OLDS Approach to Document Management
OLDS trucking paperwork management is exceptional if offered separately or as part of a more complete dispatch service bundle. This is because we recognise that different transportation companies need different kinds of assistance. As part of our simple service concepts, we work with our clients to provide exactly what they require.
Comprehensive Logistics and Support Services for Your Business
Many of our clients appreciate our broad range of services since it allows them to focus on their areas of expertise. We find loads, negotiate rates (getting our clients the best deal possible so they can make more money), and handle all the details through our dispatch service. Our responsibilities include invoicing, taking trucking documentation, and ensuring all activities linked to customer contracts are completed correctly and on time. We are happy to help clients with accounting and bookkeeping, IFTA report setup and maintenance, online transportation management services, and other services in addition to these.
Contact Us For Free Setup
We’re thrilled that you want to connect with us. Whether you have a question, feedback, or just want to say hello, we’re all ears. Feel free to reach out using any of the methods below.
Every inquiry will be answered here.
Frequently Asked Questions
Explore our Frequently Asked Questions to find helpful answers and insights about our services.
Yes. We have customers for whom we handle all the paperwork including, sending invoices to the factoring company. We DO NOT accept payments on your behalf. We submit your invoices to the factoring company & they’ll directly pay you.
If you don’t want to take the load that we offer you, you may let us know, and we’ll continue to find the load for you until we find the one that is acceptable to you.
If you’re willing to get on the board with us, you just need to fill out a form. Also, you need to provide us with your MC authority acceptance document.
We specialize in providing dispatch services for Dry vans, Flatbed, Step Deck, and Reefers. However, if you’re seeking dispatching services for any other type of trailer, you can let us know. We’ll be more than happy to assist you.
Own Logistics Dispatch Services works with a reliable & efficient network of carriers, each of which is required to go through several steps to fulfill the compliance, safety, & accountability requirements.
Own Logistics Dispatch Services makes it easy for you to handle your shipping requirements. You can get quick quotes, track your shipment & get your freight delivered on time.
We hire carriers with a full range of equipment, including dry vans, flatbeds, box trucks, hotshots, step-decks, reefers, and power-only units, to meet diverse shipping needs.
The Invoice and Proof of Delivery (POD) are essential documents needed to process your payment efficiently. If any additional documents are required for verification, our dedicated team will promptly inform you to ensure a smooth transaction.
