Factoring Loads
Factoring is a reliable way to maintain cash flow by converting outstanding invoices into immediate cash. Here’s how we assist with factoring:
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Invoice Submission
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We ensure all load invoices are prepared accurately and submitted to your factoring company on time.
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Supporting documents like bills of lading (BOLs) and rate confirmations are compiled and verified.
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Fast Turnaround
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We work with your factoring company to expedite the funding process, ensuring you receive payments quickly—often within 24–48 hours.
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Load Monitoring
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Every factored load is tracked in our system, providing clear visibility into payments received and outstanding invoices.
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Problem Resolution
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If there are discrepancies or disputes with brokers or factoring companies, we handle them promptly to avoid delays in funding.
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Weekly Wage Calculations
Accurate and timely wage calculations are essential to keeping drivers motivated and ensuring operational efficiency. Here’s how we manage weekly wage calculations:
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Comprehensive Data Gathering
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Trip Data: We collect information on miles driven, load details, and detention/layover pay.
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Earnings: Base pay (per mile, hourly, or percentage), bonuses, and extra compensations are included.
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Precise Calculations
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Wages are calculated based on your agreed payment structures.
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Additional deductions, such as taxes, insurance, and equipment fees, are accurately applied.
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Detention and Layover Pay
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We ensure all detention and layover earnings are factored into the weekly wages, so drivers are compensated for every minute of their time.
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Itemized Paystubs
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Drivers receive a detailed breakdown of their weekly wages, including total miles, base pay, bonuses, and deductions, ensuring full transparency.
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Timely Delivery
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Calculations are completed and finalized on a fixed schedule, ensuring drivers are paid on time every week.
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