Aug 15, 2017 • Carriers

5 Best Things About Our Freight Factoring Company

5 Best Things About Our Freight Factoring Company

Why InstaPay is the Best Freight Factoring Company

Using a reliable freight factoring company like Trucker Path InstPay is a great option for owner-operators to better manage their cash flow. However, not all factoring companies are created equal. Here are five things that make InstaPay the best freight factoring company for you.

1. Non-Recourse Factoring – We Collect For You

Our non-recourse factoring means we assume liability to collect from your clients. We pay you for your invoices and we assume the risk to collect, not you. Choosing to factor with our factoring company allows you to operate risk-free and focus on running your business of hauling loads. Send us your bill of lading and rate confirmation right after you haul and we’ll get you paid!

2. Get Paid in a Day

It’s all in our factoring company name. With InstaPay, you no longer have to wait 30 or more days before getting paid by your clients. Our factoring company pays you within a day after hauling a load. it’s instant!

3. Flat Rate – No Fees

Our factoring company charges a one-time, flat rate which means there’s only a one-time charge of a small percentage of the invoice total. There are no hidden costs and you won’t be charged for ridiculous factoring fees that other factoring companies will.

We even offer a special rate on your first load and discounts for referring friends who want to use a freight factoring company like InstaPay as well!

4. The Most Transparent Factoring Company

There are no contracts or commitments with InstaPay, just a short list or terms to agree to. We don’t require you to factor with us for a specific amount of time or require a minimum volume. There is no fine print to worry about. We pride ourselves on being completely transparent.

You’ll never be forced to factor a specific volume or length of terms. Factor on your terms and use InstaPay anytime you want.

5. Easy to Use Right From You Phone

We know how busy you can be, especially when you’re always on the road. Factoring with InstaPay is easy to set up and even easier to use. Our user-friendly Truckloads app allows you to take pictures of your documents and send them right from your phone.

Don’t let your cash flow become an issue. Signing up with our factoring company is a breeze and you can get paid in a day! So what are you waiting for?

[button text=”Sign Up For InstaPay” href=”https://www.getinstapay.com” width=”250px”]

TagsFreight Factoring

Industry Update - January 17, 2020 <h4>By Paul DeCoste</h4> <h3></h3> <h3></h3> <h3><strong>Did you Know?</strong></h3> This week, the Senate passed a <a href="https://www.ttnews.com/articles/senate-passes-usmca-trade-deal">new trade deal with Canada and Mexico</a> that will boost current American exports to those countries by $33 billion. The official 89-10 Senate vote gave us a rare example of bipartisanship in modern politics. Since this deal expands the amount of agriculture and manufacturing that needs to be transported, it will end up being great for the trucking industry. On top of that, this deal introduces new ways to eliminate fraud and counterfeit goods, allowing the digital sector of the American economy to flourish. <h3></h3> <h3><strong>Trucking Tip of the Week</strong></h3> <a href="https://www.truckersnews.com/gear/roaster-makes-in-cab-cooking-taste-homemade/">Cooking on the road?</a> RoadPro’s new portable roaster makes it easy to cook delicious meals right in your cab. The roaster plugs into any 12-volt power outlet and can accommodate glass baking sheets or reusable aluminum baking pans. <h3></h3> <h3><strong>Startup Technology</strong></h3> <a href="https://www.freightwaves.com/news/toyota-invests-394-million-in-flying-taxi-startup-joby-aviation">This startup company is reinventing the way we think about commuting.</a> <h3></h3> <h3></h3> This week, Joby Aviation received a $394 million investment from Toyota. Joby Aviation is working to create a flying taxi that can hit top speeds of 200 mph and run off a battery charge for over 150 miles. In addition to the capital that Toyota has invested, Joby has raised a total of $720 million to make their transportation solution practical for the masses. Although most of the information about this VTOL aircraft is kept secret, pictures prove that it consists of six rotors and has five seats inside the cockpit. <h3></h3> <h3>Combating<strong> Human Trafficking</strong></h3> Susan Collins, along with 7 other members of Congress, <a href="https://www.ttnews.com/articles/susan-collins-7-other-lawmakers-recognized-combating-human-trafficking">was recognized for her legislative efforts</a> to reduce human trafficking throughout the nation. Over the past few years, Senator Collins has supported legislation that targets online forums that solicit human trafficking. She recently helped pass the “Runaway and Homeless Youth and Trafficking Prevention Act of 2019” legislation. <h3></h3> <h3>Tire Thieves Caught</h3> <a href="https://cdllife.com/2020/texas-couple-sentenced-for-semi-truck-tire-theft-conspiracy/">Joel Vargas, 34 and his wife, Angelica Vargas, 39</a>, were recently sentenced to 235 months and 60 months, respectively, in federal prison for robbing more than 100 tire stores over a 15-year period. They continuously targeted commercial tire businesses and stole numerous amounts of rental vehicles to carry out their jobs. They are part of a multiple-person conspiracy which ended with the convictions of five other individuals.

Jan 17, 2020 • Carriers

How to Kick-off your Trucking Career [p]If you like road trips and you get excited by the idea of earning money while living ‘life on the road’ then trucking is for you. Trucking is one of the biggest industries in the world and extremely important for the survival and efficient function of an economy. As such, trucking not only helps support the economy, but also helps build it. At the moment around <a href="https://markets.businessinsider.com/news/stocks/trucking-industry-facts-us-truckers-2019-5-1028248577#truck-drivers-earn-less-than-most-americans-in-terms-of-annual-income10">6% of all the jobs available in the U.S are in the trucking industry</a> with more than 7 million people working in the industry right now. The number is growing each year as dependency on trucking increases.[/p] [p]That sounds like an industry where the future is secure and employment guaranteed if you are good at the job. Sounds good right? It sure does but before you can get anywhere near a truck you need to fulfill some obligations like getting a license, choosing a trucking company, and more. Follow the steps below to get started with your stint as a truck driver. [/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/09/2-1.jpg" alt=""] [p][b]Make Up Your Mind [/b][/p] [p]It is extremely important to get yourself mentally ready before even thinking about getting a license. Trucking sounds exciting but the job is mentally and physically taxing. At times you are required to sleep at truck stops, in cheap motels, or inside your truck's cabin. There aren't many decent places to take a shower and you will eventually run into some dirty truck stops. You may also meet some rude people which will definitely test your patience. Most importantly, you are away from your family for lengthy periods. Therefore, never decide in haste. Sit down and think about it but once you make up your mind do not look back as only excitement and adventure come ahead.[/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/09/3.jpg" alt=""] [p][b]Apply for a CDL[/b][/p] [p]The first step on the road to becoming a truck driver is to get a commercial driving license (CDL). The CDL is divided into three main categories in North America: [/p] [img src="https://truckerpath.com/uploads/2020/09/cdl_types.jpeg" alt=""] <h2></h2> [p]If your goal is to become a big-rig driver then you need a Class A license. To get that you need to enter into a trucking school. This institute is much like a driving school except in a trucking school you are taught advanced methods of driving a large vehicle. There you will be required to practice and hone your skills both in the classroom and on the field. Generally, trucking school starts at $3,000 for a beginner program. You may avoid paying the whole cost of the trucking school by availing of some financial aid options. If you sign with a carrier before graduation, they may cover some of your educational expenses. Some schools in areas with trucker shortages may also offer scholarships to its students. You are eligible to apply for a Class A license once you have completed at least 160 hours or roughly 10 weeks of training. [/p] [p]Once you have that many hours under your belt simply go to a state-mandated testing facility, pass your test with flying colors and you are good to go. Afterward, you need to go to the licensing authority in your state where you will be required to show your identification, proof of state residency, your Social Security Number (SSN),and proof of passing the CDL exam. The training program for a CDL can last for 3 to 4 weeks so if you are motivated you can get started with your trucking career within a matter of months. [/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/09/4.jpg" alt=""] [p][b]Pick A Trucking Company[/b][/p] [p]The next step in your road to becoming a truck driver is choosing a good trucking company. There are many good local and national companies across America. That is a good thing because you have the power to choose and differentiate between various trucking companies. As such you should always look for renowned companies that have a good name in the industry. The last thing you want is to end up in a trucking company that is not financially stable and that doesn’t provide you with job perks. [/p] [p]A good company may provide you with health insurance, life insurance, paid vacation, sick leave pay, and more. So choose wisely but don’t waste too much time stalling![/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/09/5.jpg" alt=""] [p][b]Accept the First Good Job [/b][/p] [p]Most newcomers in the trucking industry waste time by waiting for the right opportunity, the “perfect route”. But that is not advisable. You are a fresh trucker who has just gotten his/her license. It is better to get some and any experience under your belt as soon as possible. Ultimately, the number of hours you spend driving will help you in the future to move up the ladder to better trucking companies. That can also lead to better job perks, better opportunities as a trucker, and a handsome salary. If you wait, a very good trucking contract may come your way but that is a rare possibility. By then, your peers would have moved further up the ladder on to greener pastures while you start late and experience the grit of a newcomer in a tough industry. [/p] <h2></h2> [p][b]Final Thoughts[/b][/p] [p]It is not very hard to get into the trucking business if you have the right mindset and you are motivated. Yes, you may face financial burdens in the beginning but seeing that the <a href="https://www.census.gov/library/stories/2019/06/america-keeps-on-trucking.html#:~:text=More%20than%203.5%20million%20people,occupations%20in%20the%20United%20States.">average trucker</a> makes $50,000 - $60,000 per year the initial burden might not feel a lot to bear. However, you would have to spend time away from family but in the end, all of this is worth the effort. The trucking industry is here to stay and you can make the most of it while having a grand adventure and enjoying the magnificent views in your big rig! [/p] <h2></h2> <h2></h2> [p][b]By Aldous Aldwin[/b][/p]

Sep 08, 2020 • Carriers

Trucking Industry Trends [h2] Trucking Industry Trends [/h2] [p] The trucking industry trends reveal the importance of truck freight in America and freight revenue forecasts to grow by 75 percent over the next nine years. [/p] [p]The trucking industry has powered America for over a century moving 70 percent of all freight. As truck drivers move freight across the country so moves our economy. What are the trucking industry trends for 2016? We reveal the answers![/p] <strong>[p] In 2016, the trucking industry:[/p]</strong> [ul] [li] Generated $676.2 billion in revenue [/li] [li] Accounted for 79.8% of the nation’s freight bill[/li] [li] Moved 10.42 billion tons of freight [/li] [li] Moved 70.6% of all domestic freight tonnage[/li] [li] 3.68 million Class 8 trucks registered [/li] [li] Traveled 450.4 billion miles [/li] [li] Powered by small business - 91% of carriers operate six trucks or less [/li] [li] 1 in 15 jobs in America is in the trucking industry[/li] [/ul] [quote]"The information in Trends highlights exactly what I tell elected officials, regulators and key decision-makers every day: trucking is literally the driving force behind our great economy," said ATA President and CEO Chris Spear. "Safe, reliable and efficient motor carriers enable businesses throughout the supply chain to maintain lean inventories, thereby saving the economy billions of dollars each year."[/quote] [h2]How Truck Drivers Benefit from Trucker Path [/h2] [p] The Trucker Path app allows truck drivers to save an estimated 11 hours per month! Whether it's finding a place to park at a truck stop, rest area, see if a weigh station is open or closed, even planning an entire route in advance, Trucker Path is a must have and free to download. [/p] [quote]"This app should be called 'Truckers Guide to Survival' good work guys. Literally, everything you need at your fingertips." - Google Play user review. [/quote] [p] Their words, not ours. [/p] [p] Find out where the <a href="https://truckerpath.com/blog/best-truck-stops/">best truck stops in America </a>are with our comprehensive rankings based on reviews and data sourced from hundreds of thousands of truck drivers! [/p] [video id="NSSOwFRJaQw"] [button-green href="https://truckerpath.com/trucker-path-app/?utm_source=blog&utm_medium=truckingtrends2016&utm_campaign=aug15"]Try Trucker Path Today![/button-green]

Aug 15, 2017 • Community