Invoice Factoring is advantageous for numerous factors. It allows a trucking business to raise cash without acquiring new debt. While financial obligation is in some cases needed, a lot of trucking companies would prefer to raise cash without borrowing cash. Financial obligation is dangerous, and when it cannot be paid back, possessions can be repossessed. If the financial obligation is huge enough, it could even require a trucking firms out of business.
Six Types of Companies - Which Group Are You In? - Pick A Freight�Invoice Factoring Company Instead Of A Typical Bank Funding
Exactly how to Enhance Money Flow Without Borrowing -Cash Money flow is one of the primary reasons businesses fail.
At one time or another, every business, even effective ones, have actually experienced bad cash flow.
Cash flow does not have to be an issue any more. Do not be deceived -- banks are not the only locations you can get funding. Other options are offered and you do not have to borrow money. What is trucking factoring ? One solution is called trucking factoring. Truck Factoring is the process of selling accounts receivable to an investor rather than waiting to gather the cash from the
client. Oh, the Irony- Trucking factoring has an ironic distinction:
It is the financial
backbone of numerous of America's most successful businesses. Why is this paradoxical ? Because accounts receivable factoring is not taught in business colleges, is seldom discussed in company plans and is fairly unknown to bulk of most of American business people.
Yet it is a monetary procedure that frees billions of dollars every year, allowing thousands of companies to grow and prosper. Receivable Loan Financing has actually been around for countless years. Receivable Funding Businesses are investors who pay money for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your client has actually agreed pay in the near future. Factoring Principals--Although factoring
deals exclusively with business-to-business transactions, a big percentage of the retail company uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Utilizing the purest meaning of the word, these large customer finance companies are really simply large Receivable Loan Financing Companies of customer paper. Think about it: You purchase at Sears and charge
it to your MasterCard. The shop makes money almost instantly, although you do not pay up until you are ready.
For this service, the credit card business charges XYZ Store a charge (typical common normal fees range from 2 to 4 percent of the sale). The Benefits Receivable Financing can offer numerous advantages to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on an item that has currently been provided, a business can factor
(sell) its receivables for money at a small price cut
off the dollar value of
the invoice. Payroll, marketing efforts, and working capital are simply a few of the business requirements that can be satisfied with instant cash.
Trucking Factoring offers the ways for a producer to renew stock and make even more products to offer: There is no longer a requirement to await for earlier sales to be paid. FACTORING is not just a money management device for manufacturers: Almost any type company can benefit from Receivable Loan Funding. Typically, a company that extends credit
will have 10 to 20 percent
of its yearly sales bound in invoices at any given time. Think for a moment about how much is tied up in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a client s invoice, however you can sell that invoice for the money to satisfy those obligations. Using truck factoring companies is a quick and easy procedure. The factor buys the invoice at a discount, typically a couple of percentage
points less than the face value of the invoice.
Des Moines i/d?'m??n/ is the capital and the most populous city in the U.S. state of Iowa. It is also the county seat of Polk County. A small portion of the city extends into Warren County. It was incorporated on September 22, 1851, as Fort Des Moines which was shortened to ""Des Moines"" in 1857. It is named after the Des Moines River, which may have been adapted from the French Rivi�re des Moines, meaning ""River of the Monks"". The city's population was 203,433 as of the 2010 census. The five-county metropolitan area is ranked 88th in terms of population in the United States with 594,600 residents according to the 2014 estimate by the United States Census Bureau.Des Moines is a major center of the U.S. insurance industry and has a sizable financial services and publishing business base. In fact, Des Moines was credited as the ""number one spot for U.S. insurance companies"" in a Business Wire article and named the third largest ""insurance capital"" of the world. tion, EMC Insurance Companies, and Wellmark Blue Cross Blue Shield. Other major corporations such as have large operations in or near the metro area. oines metro. magazine ranked Des Moines as the ""Best Place for Business"" in both 2010 and 2013. In 2014, NBC ranked Des Moines as the ""Wealthiest City in America"" according to its criteria.Des Moines is an important city in U.S. presidential politics because it is the capital of Iowa, which is home to the first caucuses of the presidential primary cycle. Hence, many presidential candidates set up campaign headquarters in Des Moines. A 2007 article in The New York Times stated ""if you have any desire to witness presidential candidates in the most close-up and intimate of settings, there is arguably no better place to go than Des Moines"".Many insurance companies are headquartered in Des Moines, including the . Des Moines has been referred to as the ""Hart of the West"" because of this. The Principal is one of two Fortune 500 companies having headquarters in Iowa, ranking 273rd on the magazine's list in 2009.
Cedar Rapids /'si?d?r 'r�p?dz/ is the second largest city in Iowa and is the county seat of Linn County. The city lies on both banks of the Cedar River, 20 miles (32 km) north of Iowa City and 100 miles (160 km) east of Des Moines, the state's capital and largest city. Until massive flooding in 2008, the city's government was headquartered in the Veterans Memorial Building, near the Linn County Courthouse and jail on Mays Island in the Cedar River; Cedar Rapids was one of a few cities in the world, along with Paris, France, with governmental offices on a municipal island.A flourishing center for arts and culture in Eastern Iowa, the city is home to the Cedar Rapids Museum of Art, the National Czech & Slovak Museum & Library, the Paramount Theatre, Theatre Cedar Rapids, the African-American Historical Museum and Cultural Center of Iowa, and the Iowa Cultural Corridor Alliance. Cedar Rapids is an economic hub of the state, located in the core of the Interstate 380 Cedar Rapids/Iowa City Technology Corridor of Linn, Benton, Jones, Johnson, and Washington counties. As of the 2010 United States Census, the city population was 126,326.The estimated population of the three-county Metropolitan Statistical Area, which includes the nearby cities of Marion and Hiawatha, was 255,452 in 2008.Cedar Rapids has been residence to famous figures for the United States, including American Gothic painter Grant Wood, journalist and historian William L. Shirer, writer and photographer Carl Van Vechten, and aerodynamics pioneer Dr. Alexander Lippisch. In the 1990s and 2000s, Hollywood would feature several Cedar Rapidians including actors Bobby Driscoll, Ashton Kutcher, Elijah Wood, and Ron Livingston. The area has also produced a number of professional athletes such as Ryan Sweeney, Trent Green, Zach Johnson, and Kurt Warner, as well as Mark Walter, co-owner and chairman of baseball's Los Angeles Dodgers. The city is also the setting for a musical, The Pajama Game and the comedy film Cedar Rapids.Cedar Rapids is nicknamed the ""City of Five Seasons"", for the ""fifth season"", which is time to enjoy the other four. The symbol of the five seasons is the Tree of Five Seasons sculpture in downtown along the north river bank. The name ""Five Seasons"" and representations of the sculpture appear throughout the city in many forms.Cedar Rapids is one of the largest cities in the world for corn processing. The grain processing industry is Cedar Rapids' most important sector, directly providing 4,000 jobs that pay on average $85,000, and also providing 8,000 indirectly. Fortune 500 company Rockwell Collins is based in Cedar Rapids, and Aegon has its United States headquarters there. A large Quaker Oats mill, one of the four that merged in 1901 to form Quaker Oats, dominates the north side of downtown.
382,630 (135th)474,226 (90th) � Demonym Davenporters Time zone Davenport is a city located along the Mississippi River in Scott County, Iowa, United States. Davenport is the county seat of and largest city in Scott County; it is also the largest of the Quad Cities, a metropolitan area with a population estimate of 382,630 and a CSA population of 474,226, making it the 90th largest CSA in the nation. Davenport was founded on May 14, 1836 by Antoine LeClaire and was named for his friend, George Davenport, a colonel during the Black Hawk War stationed at nearby Fort Armstrong. According to the 2010 census, the city had a population of 99,685 (making it Iowa's third-largest city). However, the city is currently appealing this figure, arguing that the Census Bureau missed a section of residents that would place the total population over 100,000, and indeed, even the Census Bureau's own estimate for Davenport's 2011 population is 100,802.Located approximately half way between Chicago and Des Moines, Davenport is on the border of Iowa and Illinois. The city is prone to frequent flooding due to its location on the Mississippi River. There are two main universities: Saint Ambrose University and Palmer College of Chiropractic, which is where the first chiropractic adjustment took place. Several annual music festivals take place in Davenport, including the Mississippi Valley Blues Festival, The Mississippi Valley Fair, and the Bix Beiderbecke Memorial Jazz Festival. An internationally known 7-mile (11 km) foot race called the Bix 7 is run during the festival. The city has a Class A minor league baseball team, the Quad Cities River Bandits. Davenport has 27 parks and over 12 miles (19 km) of recreational paths for biking or walking.Four interstates and two major United States Highways serve the city. Davenport has seen steady population growth since its incorporation, with an exception being the 1980s, when the population decreased due to job loss. Davenport has a declining crime rate and a low rate of unemployment, and was ranked as the most afable metropolitan area in 2010 by . In 2007, Davenport, along with neighboring Rock Island, won the City Livability Award in the small-city category from the U.S. Conference of Mayors. In 2012, Davenport as well as the Quad Cities Metropolitan Area was ranked among the fastest-growing areas in the nation in the growth of high-tech jobs. Notable natives of the city have included jazz legend Bix Beiderbecke, Pulitzer Prize-winning playwright Susan Glaspell, and former running back Roger Craig.The current mayor of Davenport is Bill Gluba.Davenport's biggest labor industry is manufacturing, with over 7,600 jobs in the sector. John is the second largest employer in the Quad Cities, after the Rock Island Arsenal as a whole. Deere, however, is the largest single employer, employing 7,200 workers in the Quad Cities and 948 on its north side Davenport plant. John World Headquarters is located in Moline. Other large employers in Davenport and the Quad Cities include, Genesis Health System with 5,125 employees and 4,900 in Davenport, Trinity Regional Health System with 3,333, regional grocery store with 3,138 and the Davenport Community School District with 2,237 employees.
Sioux City (/?su?'s?ti/) is a city in Woodbury and Plymouth counties in the western part of the State of Iowa. The population was 82,684 in the 2010 census, which makes it the fourth largest city in Iowa. The bulk of the city is in Woodbury County, of which it is the county seat, though a small portion is in Plymouth County.Sioux City is the primary city of the five-county Sioux City, IA�NE�SD Metropolitan Statistical Area (MSA), with a population of 168,825 in 2010 and a slight increase to an estimated 168,921 in 2012. The Sioux City�Vermillion, IA�NE�SD Combined Statistical Area had a population of 182,675 as of 2010 and has grown to an estimated population of 183,052 as of 2012.Sioux City is at the navigational head of the Missouri River, about 95 miles north of the Omaha�Council Bluffs metropolitan area. Sioux City and the surrounding areas of northwestern Iowa, northeastern Nebraska and southeastern South Dakota are sometimes referred to as Siouxland, especially by the local media.Money recognized Sioux City in its August 2010 issue of ""Best Places To Live"".In 2008 and 2009, the Sioux City Tri-State Metropolitan Area was recognized by Site Selection as the top economic development community in the United States for communities with populations between 50,000 and 200,000 people. In March 2013, Site Selection also recognized Sioux City as the 4th Top Metro area in the Midwest Region behind 1st place Kansas City, 2nd place Minneapolis�Saint Paul and 3rd place Omaha-Council Bluffs. Sioux City was also ranked 1st in regards to Metro Populations between 50,000 and 200,000. placed the Sioux City metro in the Top 15 Best Small Places for Businesses and Careers and ranked the area the #2 Most Livable Bargain Market. The Daily Beast, an American news reporting website, placed Sioux City on their list of The Top 40 Drunkest Cities in America, with a ranking of 14th. Pop Corn Company is based in Sioux City.
Waterloo is a city in and the county seat of Black Hawk County, Iowa, United States. As of the 2010 United States Census the population decreased by 0.5% to 68,406; a recent 2011 Census estimates the population at 68,653, making it the sixth-largest city in the state. Waterloo is part of the Waterloo � Cedar Falls Metropolitan Statistical Area, and is the more populous of the two cities.
Iowa City is a city in Johnson County, Iowa, United States. As of the 2010 Census, the city had a total population of about 67,862; the Census Bureau estimated the 2013 population at 71,591, making it the fifth-largest city in the state. Iowa City is the county seat of Johnson County and home to the University of Iowa. Iowa City is adjacent to the town of Coralville, and surrounds the town of University Heights, with which it forms a contiguous urban area. Iowa City is the principal city of the Iowa City Metropolitan Statistical Area, which encompasses Johnson County and Washington County and has a population over 150,000.Iowa City was the second capital of the Iowa Territory and the first capital city of the State of Iowa. The Old Capitol building is a National Historic Landmark in the center of the University of Iowa campus. The University of Iowa Art Museum and Plum Grove, the home of the first Governor of Iowa, are also tourist attractions. In 2008 Magazine named Iowa City the second-best small metropolitan area for doing business in the United States.Iowa City is home to the University of Iowa Hospitals and Clinics (UIHC), the state's only comprehensive tertiary care medical center. The Holden Comprehensive Cancer Center in Iowa City is an NCI-designated Cancer Center, one of fewer than 60 in the country.
Council Bluffs is a city in and the county seat of Pottawattamie County, Iowa, United States and is on the east bank of the Missouri River across from what is now the much larger city of Omaha, Nebraska. It was known until 1852 as Kanesville, Iowa � the historic starting point of the Mormon Trail and eventual northernmost anchor town of the other emigrant trails.The population of Council Bluffs was 62,230 at the 2010 census. Along with neighboring Omaha to the west, Council Bluffs was part of the 60th-largest metropolitan area in the United States in 2010, with an estimated population of 865,350 residing in the eight counties of the Omaha-Council Bluffs metropolitan area. Council Bluffs is more than a decade older than Omaha. The latter, founded in 1854 by Council Bluffs businessmen and speculators following the Kansas-Nebraska Act, has grown to be the significantly larger city.The liberalization of Iowa gambling laws was followed by the opening of The Bluffs Run Greyhound Park in 1986. By 2005 Council Bluffs was the 19th largest casino market in the United States, with revenue equaling nearly $434 million.
Ames is a city located in the central part of the U.S. state of Iowa in Story County. Lying approximately 30 miles (48 km) north of Des Moines, it had a 2010 population of 58,965. The U.S. Census Bureau designates the Ames metropolitan statistical area as encompassing all of Story County; combined with the Boone, Iowa micropolitan statistical area (Boone County, Iowa), the pair make up the larger Ames-Boone combined statistical area. While Ames is the largest city in Story County, the county seat is in the nearby city of Nevada 8 miles (13 km) east of Ames.Ames is the home of Iowa State University of Science and Technology (ISU), a public research institution with leading Agriculture, Design, Engineering, and Veterinary Medicine colleges. ISU is the nation's first designated land-grant university, and the birthplace of the Atanasoff�Berry Computer, the world's first electronic digital computer. Ames hosts one of two national sites for the United States Department of Agriculture's Animal and Plant Health Inspection Service (APHIS), which comprises the National Veterinary Services Laboratory and the Center for Veterinary Biologics. Ames is also the home of the USDA's Agricultural Research Service's National Animal Disease Center. NADC is the largest federal animal disease center in the U.S., conducting research aimed at solving animal health and food safety problems faced by livestock producers and the public. Ames has the headquarters for the Iowa Department of Transportation.In 2010, Ames was ranked ninth on ""Best Places to Live"" list.Ames is home of Iowa State University of Science and Technology, a public land-grant and space-grant research university, and member of the prestigious Association of American Universities. At its founding in 1858, Iowa State was formerly known as the Iowa State College of Agriculture and Mechanic Arts. Ames is the home of the closely allied U.S. Department of Agriculture's National Animal Disease Center (See Ames strain), the U.S. Department of Energy's Ames Laboratory (a major materials research and development facility), and the main offices of the Iowa Department of Transportation. State and Federal institutions are the largest employers in Ames.
Dubuque i/d?'bju?k/ is a city in and the county seat of Dubuque County, Iowa, United States, located along the Mississippi River. In 2013, its population was 58,253, making it the tenth-largest city in the stateThe city lies at the junction of three states: Iowa, Illinois, and Wisconsin, a region locally known as the Tri-State Area. It serves as the main commercial, industrial, educational, and cultural center for the area. Geographically, it is part of the Driftless Area, a portion of North America that escaped all three phases of the Wisconsinian Glaciation.One of the few large cities in Iowa with hills, it is a major tourist destination, attracted to the city's unique architecture and river location. Also, it is home to five institutions of higher education, making it a center for culture and learning.While Dubuque has long been a center of manufacturing, the economy has recently had rapid growth and diversification in other areas. In 2005, the city led the state and the Midwest in job growth, ranking as the 22nd fastest-growing economy nationally. Today, alongside industry, the city has large health care, education, tourism, publishing, and financial service sectors.For many years, Dubuque's economy was centered on manufacturing companies such as and Company and Industries. While industry still plays a major role in the city, the economy has diversified a great deal in the last decade. Today, health care, education, tourism, publishing, and financial services are all important sectors of the city's expanding business climate. There are several major companies which are either headquartered in Dubuque, or have a significant presence in the city. Dubuque's largest employers include:
West Des Moines is a city in Polk, Dallas, Warren counties in the US state of Iowa. As of the 2010 census, the city population was 56,609. West Des Moines is the second-largest city in the Des Moines metropolitan area and the tenth-largest city in Iowa. It ranked 94th in Money magazine's list of the ""100 Best Places to Live and Launch"" in 2008. are headquartered in West Des Moines. their Home Mortgage and Consumer Finance divisions.
Ankeny is a city in Polk County, Iowa, United States. The population was 45,562 in the 2010 census, an increase of 68% from the 27,117 population in the 2000 census. It is part of the Des Moines�West Des Moines Metropolitan Statistical Area.Major employers in Ankeny include the Ankeny Community School District, Des Moines Area Community College, & Company's Des Moines Works, Perishable Distributors of Iowa (a subsidiary), .
Urbandale is a city in Polk and Dallas counties in the U.S. state of Iowa. As of the 2010 census, the city population was 39,463. It is part of the Des Moines�West Des Moines Metropolitan Statistical Area.While Urbandale is primarily a residential city, other development has increased in recent years, particularly in industrial parks along I-35/I-80.
Cedar Falls is a city in Black Hawk County, Iowa, United States. As of the 2010 census, the city population was 39,260 and has the smaller population of the two principal cities in the Waterloo-Cedar Falls metropolitan area. It is home to the University of Northern Iowa public university.
Marion is a city in Linn County, Iowa, United States. The population was 26,294 at the 2000 census and was 34,768 at the 2010 census, an increase of 32.2%. The city is located next to Cedar Rapids and part of the Cedar Rapids Metropolitan Statistical Area.
Bettendorf is a city in Scott County, Iowa, United States. Bettendorf is the fifteenth largest city in the U.S. state of Iowa and the fourth largest city in the ""Quad Cities"". It is part of the Davenport-Moline-Rock Island, IA-IL Metropolitan Statistical Area. The population was 33,217 at the 2010 census, and was estimated to be 34,707 by July 2013. Bettendorf is one of the Quad Cities, along with neighboring Davenport and the Illinois cities of Moline, East Moline and Rock Island. The Quad Cities has a population estimate of 382,630. In 2011, Bettendorf was named America's 95th Best Town by CNNMoney.According to the City's 2010 Comprehensive Annual Financial Report, the top employers in the city are:
Mason City is a city in and the county seat of Cerro Gordo County, Iowa, United States. The population was 28,079 in the 2010 census, a decline from 29,172 in the 2000 census. The Mason City Micropolitan Statistical Area includes all of Cerro Gordo and Worth counties.Mason City has a very diverse employment base covering multiple sectors of the economy including Manufacturing, Health, Financial Services, Technology and Education, with no one sector or employer dominating the market.
Marshalltown is a city in and the county seat of Marshall County, Iowa, United States. The population was 27,552 in the 2010 census, compared to 26,009 in 2000.According to Marshalltown's 2011 Comprehensive Annual Financial Report, the top employers in the city are:
Clinton is a city in and the county seat of Clinton County, Iowa, United States. The population was 26,885 as of 2010. Clinton, along with DeWitt, Iowa (also located in Clinton County), was named in honor of the sixth governor of New York, DeWitt Clinton. Clinton is the principal city of the Clinton Micropolitan Statistical Area, which is coterminous with Clinton County. Clinton was incorporated on January 26, 1857.
Burlington is the county seat of Des Moines County, Iowa, United States. The population was 25,663 in the 2010 census, a decline from the 26,839 population in the 2000 census. Burlington is the center of a micropolitan area including West Burlington, Iowa and Middletown, Iowa and Gulfport, Illinois. Burlington is the home of Snake Alley, once labelled the crookedest alley in the world.Burlington's roots are in transportation and manufacturing. Manufacturing plants are among the largest employers in the area, including companies such as . The largest employer in the area is the Great River Medical Center. Among one of the oldest businesses in Burlington, the factory (now Turbomachinery and owned by and) which has been in operation in Burlington since before 1900, the original building on Central St. and Washington St. which was divided by the local train tracks, was recently razed. Another long-lived business is Corporation, which has been at its current location on Des Moines Avenue, approximately a quarter mile from the Mississippi River, since 1937. The first backhoes rolled off the assembly line at the Burlington plant in 1967, which is now the only plant in the United States that produces the Loader/Backhoe, giving Burlington the nickname ""Backhoe Capital of the World."" is now a division of the Italian holding group Fiat. Employment at peaked in the 1980s, according to the Des Moines Register, then declined after ""initiated a wave of buyouts and early retirements in the 1990s and early 2000s, and ended the contract with the union in 2004""; but in May 2010, the Register reports, announced that ""it will open a new line that builds corn-picker heads for combines, as early as [Spring, 2012]"" and that by mid-2013 it will add more than 200 positions.
Fort Dodge is a city in and the county seat of Webster County, Iowa, United States, along the Des Moines River. The population was 25,206 in the 2010 census, an increase from 25,136 in the 2000 census. Fort Dodge is a major commercial center for North Central and Northwest Iowa. It is located on U.S. Routes 20 and 169.The major industries of Fort Dodge are biofuels, livestock feed, gypsum and limestone mining, drywall manufacturing, trucking, the manufacture of veterinary pharmaceuticals and vaccines, and retail.
Ottumwa (/?'t?mw?/ ?-TUM-w?) is a city in and the county seat of Wapello County, Iowa, United States. The population was 25,023 at the 2010 census. Located in southeastern Iowa, the city is split into northern and southern halves by the Des Moines River.According to Ottumwa's 2011 Comprehensive Annual Financial Report, the top employers in the city were:
Muscatine is a city in Muscatine County, Iowa, United States. The population was 22,886 in the 2010 census, an increase from 22,697 in the 2000 census. It is the county seat of Muscatine County. The name scatine is unique in that it is not used by any other city in the United States.Muscatine is the principal city of the Muscatine Micropolitan Statistical Area (2010 census population 54,132) as of 2011 estimate was 54,184, which includes all of Muscatine and Louisa counties, making it the 208th-largest List of Micropolitan Statistical Areas.Companies in Muscatine include Stanley Consultants.
Coralville is a city in Johnson County, Iowa, United States. It is a suburb of Iowa City and part of the Iowa City Metropolitan Statistical Area. The population was 18,907 at the 2010 census.
Johnston is a city in Polk County, Iowa, United States. The population was 17,278 in the 2010 census, an increase of almost 100% from the 8,649 population in the 2000 census. It is part of the Des Moines�West Des Moines Metropolitan Statistical Area.'s Garden Clubs of America. Also located here are the C are based in Johnston.
Clive is a city in Dallas and Polk counties in the U.S. state of Iowa. As of the 2010 Census the population is at 15,447. It is part of the Des Moines�West Des Moines Metropolitan Statistical Area. Clive is known for its outstanding Greenbelt Park and trail system running through the entire community. Clive serves as the axis of the western Des Moines suburbs, being located between Urbandale and West Des Moines along the major transportation corridors of I-35, I-80 and I-235.
Newton is the county seat"
including Pella Corporation and Vermeer Manufacturing Company.
Carroll is a city in and the county seat of Carroll County, Iowa, United States, located along the Middle Raccoon River. The population was 10,103 in the 2010 census, a decline of 3 people from the 10,106 population in the 2000 census.
Waverly is a city in Bremer County, Iowa, United States. The population was 9,874 at the 2010 census. It is the county seat of Bremer County and is part of the Waterloo�Cedar Falls Metropolitan Statistical Area.The sister city of Waverly is the German city of Eisenach, which is famous for the Wartburg castle. Waverly is also the home of Wartburg College which is named after this castle.Major employers in Waverly include CUNA Mutual Group, Waverly Health Center, Wartburg College, Nestl� Beverage, Waverly- Rock Community School District, and the T Corporation.
Le Mars is a city in and the county seat of Plymouth County, Iowa, United States. It is located on the Floyd River and northeast of Sioux City. The population was 9,826 at the 2010 census.Le Mars is the home of Wells' Dairy, the world's largest producer of ice cream novelties in one location and is the self-proclaimed ""Ice Cream Capital of the World"". Wells is best known for its Blue products.
Fairfield is a city in, and the county seat of, Jefferson County, Iowa, United States. It has a population totaling 9,464 people according to the 2010 census. It is a Midwestern city surrounded by rolling farmlands filled with corn, soybean, cattle, and hogs with a median family income of $46,138 (10% of families below the poverty line). The city became the county seat in 1839 with 110 residents and grew to 650 by 1847. Its library was established in 1853, and it held its first fair in 1854. Early architecture includes work by George Franklin Barber and Barry Byrne, who trained under Frank Lloyd Wright.The city has an �abundance of start-up companies� and has been called ""one of the state's economic superstars."" It has received The Grassroots Rural Entrepreneurship Award, been nicknamed �silicon valley,� and was featured in a 2012 episode of the TV show, Oprah's Next Chapter. It has been the home of Maharishi University of Management (formerly Maharishi International University) since 1974 and has been referred to as ""the world's largest training center"" for practitioners of the Transcendental Meditation technique. The city includes the $6 million Fairfield Arts & Convention Center (FACC), built in 2007. In 2010, it was named one of six Iowa Great Places. It was named by Smithsonian magazine as one of ""The 20 Best Small Towns to Visit in 2013.""The city has 12 public parks and recreation areas consisting of more than 1,300 acres and is governed by a seven-member city council. The Fairfield Community School District is home to nearly 2,500 students, teachers, administrators, and staff, with three elementary schools, a middle school, and a high school. The city has two private schools, Maharishi School of the Age of Enlightenment and Cornerstone Primary School. Fairfield has its own municipal airport, several radio stations, a local public-access television station, and a daily newspaper.According to an article in the New York Times, the city ""thrives largely on its abundance of start-up companies"". Members of the community have established over 400 businesses in areas such as software, manufacturing, and trading. The Industrial Products company was founded in 1978 and became one of the nation's largest manufacturers of construction warning barrels and other products made of plastic. The city is also home toEdge, a ceramic tile manufacturer.
Grinnell is a city in Poweshiek County, Iowa, United States. The population was 9,218 at the 2010 census.Grinnell is the home ofReinsurance Company.
Norwalk is a city in Polk and Warren counties in the U.S. state of Iowa. The population was 8,945 at the 2010 census. The city is part of the Des Moines�West Des Moines Metropolitan Statistical Area and is located just south of the Des Moines International Airport.
Pleasant Hill is a city in Polk County, Iowa, United States. The population was 8,785 at the 2010 census. It is part of the Des Moines�West Des Moines Metropolitan Statistical Area. The waterpark White Water University is located in Pleasant Hill, as is part of Festival Park. As of July, 2005, Pleasant Hill has been given a US Postal code, 50327.
Mount Pleasant is a city in and the county seat of Henry County, Iowa, in the United States. The population was 8,668 in the 2010 census, a decline from 8,751 in the 2000 census. It was founded in 1835 by pioneer Saunders.A meat processing plant operated by Foods is located in Mount Pleasant. South of the city is the Mount Pleasant Correctional Facility, a medium-security state prison that in the year 2010 housed approximately �875 male and �100 female inmates, and employed �340 staff. The Mount Pleasant Mental Health Institute is also located on the same campus.
Denison is a city in Craw County, Iowa, United States, along the Boyer River. The population was 8,298 at the 2010 census. It is the county seat of Craw County.
Grimes is a city in Dallas and Polk counties in the U.S. state of Iowa. The population was 8,246 at the 2010 census. Grimes is part of the Des Moines�West Des Moines Metropolitan Statistical Area.Japanese animation distributor and online retailer The Right Stuf International is headquartered in Grimes. The company occupies a 76,000-square-foot (7,100 m2) office and distribution center.
Decorah is a city in and the county seat of Winneshiek County, Iowa, United States. The population was 8,127 at the 2010 census. Decorah is located at the intersection of State Highway 9 and U.S. Route 52, and is the largest community in Winneshiek County.Decorah serves as the county seat of Winneshiek County, which is a major employer. The county courthouse was built in 1903. Decorah's largest employer is Luther College, in addition to several national corporations. Decorah also is home to Seed Savers Exchange, an heirloom plant farm and preservation organization.
Webster City is a city in Hamilton County, Iowa, United States. The population was 8,070 at the United States 2010 Census. It is the county seat of Hamilton County. Webster City is known as 'Boone River Country' as the Boone River meanders along the east side of the city.
Creston is a city in and the county seat of Union County, Iowa, United States. The population was 7,834 at the 2010 census.
For the Lake of Clear Lake, see Clear Lake (Iowa).Clear Lake, IowaCity Historic Downtown Clear LakeLocation of Clear Lake, IowaClear Lake is a city in Cerro Gordo County, Iowa, United States. The population was 7,777 at the 2010 census. The city is named for the large lake on which it is located. It is the home of a number of marinas, state parks and tourism-related businesses. This website contains multiple live webcam views from around the lake. Clear Lake is also a major stop on Interstate 35 with many restaurants, hotels and truck stops.Nelson P. Crabb was elected mayor of Clear Lake in 2005 and began his term as mayor in January 2006.
Perry is a city in Dallas County, Iowa, United States, along the North Raccoon River. The population was 7,702 at the 2010 census. It is part of the Des Moines�West Des Moines Metropolitan Statistical Area.Formerly a major railroad junction, Perry is home to the Historic Hotel Pattee, with themed rooms including many related to the railroad. Foods operates a pork plant in Perry.
Charles City is a city in Floyd County, Iowa, United States. The population was 7,652 at the 2010 census a decrease of 160, or 2%, from 7,812 at the 2000 census. It is the county seat of Floyd County. Charles City is a significant commercial and transportation center for the area, located on U.S. Highways 18 and 218, Iowa Highway 14, and the Canadian National and Iowa, Chicago and Eastern Railroads.
Knoxville is a city in Marion County, Iowa, United States. The population was 7,313 at the 2010 census. It is the county seat of Marion County. Knoxville is home of the National Sprint Car Hall of Fame & Museum located next to the famous dirt track known as Knoxville Raceway.
Washington is a city in and the county seat of Washington County, Iowa, United States. It is part of the Iowa City, Iowa Metropolitan Statistical Area. The population was 7,266 at the 2010 census.
Atlantic is a city in, and the county seat of, Cass County, Iowa, United States, located along the East Nishnabotna River. The population was 7,112 in the 2010 census, a decline from the 7,257 population in the 2000 census.
Sioux Center is a city in Sioux County, Iowa, United States with a population of 7,048 (2010 census). Sioux Center is notable for its recent population boom, Dutch heritage, and agribusiness.Sioux Center commerce, like many smaller towns in this area of Iowa, is dominated by agribusiness. Farmland near Sioux Center sold for a record $20,000 per acre in December 2011. The quality of the farmland and its ability to produce high yields of corn and soybeans is the natural resource that propels the economy. Many of the larger employers in the area supply support materials to grain and animal production, process the results of grain and animal production, or provide services to the people involved in agricultural supply, production, and processing. Most of the tallest and the largest structures in town are grain storage facilities.
Hiawatha is a city in Linn County, Iowa, United States. It is a suburb located north of Cedar Rapids and is part of the Cedar Rapids Metropolitan Statistical Area. The population was 7,024 in the 2010 census, an increase from 6,480 in 2000.
Nevada (/n?'ve?d?/ n?-VAY-d?) is a city in and the county seat of Story County, Iowa, United States. The population was 6,798 in the 2010 census, an increase from 6,658 in the 2000 census. It is also part of the Ames, Iowa Metropolitan Statistical Area, which is a part of the larger Ames-Boone, Iowa Combined Statistical Area. Eight miles west of Nevada is Ames (and Iowa State University) which is much larger in population. Nonetheless, Nevada is the county seat with all Story County offices located here. The city's name is pronounced differently from the state of the same name.
Oelwein is a city in Fayette County, Iowa, United States. The population was 6,415 at the 2010 census, a decrease of 4.1% from the 2000 census. The largest community in Fayette County, it is located at the junction of State Highways 3 and 150.
Estherville is a city in Emmet County, Iowa, United States. The population was 6,360 in the 2010 census, a decline from 6,656 in the 2000 census. It is the county seat of Emmet County. Estherville is home to the main campus of Iowa Lakes Community College.On May 10, 1879, a 455 pound meteorite fell to earth in Emmet County a few miles north of Estherville, and has become known as the Estherville Meteorite. When it struck it buried itself 15 feet in the ground. It is made of mesosiderite. Portions of the meteorite are on display in the Estherville Public Library, the Smithsonian Museum of Natural History, the Museum Reich der Kristalle in Munich and the Naturhistorisches Museum in Vienna, Austria.
Maquoketa /?m?'ko?k?t?/ is a city in Jackson county in the U.S. state of Iowa. Located on the Maquoketa River, it is the county seat of Jackson County.U.S. Route 61 adjoins the city, which therefore benefits from traffic between Dubuque and the Quad Cities. Iowa Highways 62 and 64 also pass through the city. Maquoketa Caves State Park is located a few miles northwest of the city.The population was 6,141 at the 2010 census.
Orange City is a city in and the county seat of Sioux County, Iowa, United States. The population was 6,004 in the 2010 census, an increase from 5,582 in the 2000 census. Named after William of Orange, it is best known for its Dutch background, which it celebrates with an annual Tulip Festival for 3 days every May. Many of the city's buildings are faced with Dutch architectural fronts.Major companies headquartered in Orange City include Composites.
Independence is a city in and the county seat of Buchanan County, Iowa, United States. The population was 5,966 in the 2010 census, a decline from 6,014 in the 2000 census.
Red Oak is a city in and the county seat of Montgomery County, Iowa, United States, located along the East Nishnabotna River. The population was 5,742 in the 2010 census, a decline from the 6,197 population in the 2000 census.
Eldridge is a city in Scott County, Iowa, United States. The population was 6,034 in a 2013 census estimate; Eldridge is a part of the Quad Cities metropolitan area.
Clarinda is a city in and the county seat of Page County, Iowa, United States. The population was 5,572 in the 2010 census, a decline from the 5,690 population in the 2000 census.NS operates a manufacturing plant in Clarinda that produces ball and roller bearings.
Algona is a city in and the county seat of Kossuth County, Iowa, United States. The population was 5,560 at the 2010 census. Ambrose A. Call State Park is located two miles southwest of the city.
Anamosa is a city in Jones County, Iowa, United States. The population was 5,533 at the 2010 census. It is the county seat of Jones County.
Centerville is a city in and the county seat of Appanoose County, Iowa, United States. The population was 5,528 in the 2010 census, a decline from 5,924 in 2000. After the turn of the 20th century Centerville had a booming coal mining industry that attracted many European immigrants. The city today remains the home of many Swedish-Americans, Italian-Americans, Croatian-Americans, Albanian-Americans and others descended from immigrants who worked in the mines.
DeWitt is a city in Clinton County, Iowa, United States. The population was 5,322 at the 2010 census, which is a 5.2% increase from the 2000 census, making it the fastest growing city in Clinton County.
Glenwood is a city in and the county seat of Mills County, Iowa, United States. The population was 5,269 in the 2010 census, a decline from 5,358 in the 2000 census.
Vinton is a city in Benton County, Iowa, United States. The population was 5,257 in the 2010 census, an increase from 5,102 in the 2000 census. It is also part of the Cedar Rapids Metropolitan Statistical Area. Vinton is the county seat of Benton County.
Cherokee is a city in Cherokee County, Iowa, United States. The population was 5,253 at the 2010 Census, down from 5,369 at the 2000 census. It is the county seat of Cherokee County.
Iowa Falls is a city in Hardin County, Iowa, United States. Iowa Falls is the home of Ellsworth Community College. It is also a regional transportation center, located along U.S. Routes 20 and 65 and the Canadian National and Union Pacific Railroads. The population was 5,238 at the 2010 census. A landmark in the city is its movie theater. Built as the Metropolitan Opera House in 1899, it presented plays, operas, and vaudeville in the town during the first half of the twentieth century, and today is listed on the National Register of Historic Places.
Winterset is a city in Madison County, Iowa, United States. The population was 5,190 at the 2010 census. It is the county seat of Madison County. Winterset is part of the Des Moines - West Des Moines Metropolitan Statistical Area. Winterset is the birthplace of actor John Wayne.
Sheldon is a city in O'Brien and Sioux counties in the U.S. state of Iowa, along the Floyd River. The population was 5,188 at the 2010 census; it is the largest city in O'Brien County.
Manchester is a city in Delaware County, Iowa, United States. The population was 5,179 at the 2010 census. It is the county seat of Delaware County. Manchester is located at the intersection of State Highway 20 and State Highway 13, and is the largest community in Delaware County.Manchester serves as the county seat of Delaware County, which is a major employer.
Shenandoah is a city in Fremont and Page Counties in the U.S. state of Iowa. The population was 5,150 at the 2010 census.Once referred to as the ""seed and nursery center of the world,"" Shenandoah is the home to Earl May Seed Company and the radio station KMA, founded by Earl May. The early live radio stations gave many performers their start, including The Everly Brothers and Charlie Haden.
Harlan is a city in Shelby County, Iowa, United States, along the West Nishnabotna River. The population was 5,106 at the 2010 census. It is the county seat of Shelby County.
Osceola is a city in Clarke County, Iowa, United States. The population was 4,929 at the 2010 census. It is the county seat of Clarke County.
Windsor Heights is a city in Polk County, Iowa, United States. The population was 4,860 at the 2010 census. It is part of the Des Moines�West Des Moines Metropolitan Statistical Area.
Spirit Lake is a city in Dickinson County, Iowa, United States. The population was 4,840 at the 2010 census. It is the county seat of Dickinson County.The town is located along the western shore of East Okoboji Lake, in the Iowa Great Lakes region.
Evansdale is a city in Black Hawk County, Iowa, United States. The population was 4,751 in the 2010 census, an increase from 4,526 in the 2000 census. It is part of the Waterloo�Cedar Falls Metropolitan Statistical Area.
Humboldt is a city in Humboldt County, Iowa, United States. The population was 4,690 at the 2010 census, gaining 238 people since the 2000 census.
Mount Vernon is a city in Linn County, Iowa, United States, adjacent to the city of Lisbon. The city's population was 3,390 when the 2000 census figures were released, but that number was later revised to 3,808 because the Census Bureau had incorrectly reported that 418 residents of a Cornell College dormitory in Mount Vernon lived in the nearby city of Bertram. A special census taken by the city in 2004 counted 4,171 residents. The population was 4,506 at the 2010 census. Mount Vernon is part of the Cedar Rapids Metropolitan Statistical Area.
Hampton is a city in Franklin County, Iowa, United States. The population was 4,461 at the 2010 census. It is the county seat of Franklin County.In 2007, the 200 MW Buffalo Creek Wind Farm was developed by Wind Capital Group and later sold to Alliant Energy later the same year. Hampton was at one time home of Industries Fiberglass division until the plant was moved to Forest City, Iowa in 2008.
Camanche is a city in Clinton County, Iowa, United States on the Mississippi River. The population was 4,448 at the 2010 census.
Jefferson is a city in Greene County, Iowa, United States, along the North Raccoon River. The population was 4,345 at the 2010 census. It is the county seat of Greene County. It is the home of the Mahanay Memorial Bell Tower, 168 feet (51 m) tall, located on the town square, and visible for miles. The tower is named for Floyd Mahanay, a philanthropist and former resident. Jefferson is bisected east to west by the old Lincoln Highway (formerly U.S. 30). A new U.S. 30 is located about one mile to the north.
Chariton is a city in and the county seat of Lucas County, Iowa, United States. The population was 4,321 at the 2010 census. It is the primary distribution center for, and former corporate seat of, the supermarket chain.
Sergeant Bluff is a city in Woodbury County, Iowa, United States. It is part of the Sioux City, IA�NE�SD Metropolitan Statistical Area. The population was 4,227 at the 2010 census.Much of Sioux City's industry is located on the downstream side of Sergeant Bluff. This includes two large coal-burning power plants, an ammonia fertilizer plant, and a soybean processor. All of these are in the sprawling Port Neal Landing industrial park, which is surrounded by cornfields and the Missouri River. The terrain here is very flat, because it used to be in the river's flood plain.
Asbury is a city in Dubuque County, Iowa, United States, and a suburb of the city of Dubuque. It is part of the Dubuque, Iowa Metropolitan Statistical Area. The population was 4,170 at the 2010 census. Asbury is the second-largest city in Dubuque County, surpassing Dyersville, Iowa to become the second-largest in the 2010 U.S. Census count. The city is largely a bedroom community, made up of spacious, new subdivisions whose residents work in Dubuque or Peosta, Iowa.Asbury has experienced a 53.3% increase in population from 2000 to 2007, making it the state's 10th-fastest growing city (with 1,000 people or more) during that period.Serving primarily as a bedroom community, Asbury has only a small local economy. Most of its residents commute to work in Dubuque. Only a handful of businesses operate within the City of Asbury, however, this number has grown in recent years, along with an expanding population. Most people who do work in Asbury either are employed by the city government, or in the service-related businesses along Asbury and Saratoga Roads.
Forest City is a city in Hancock and Winnebago Counties in the U.S. state of Iowa, and the county seat of County. The population was 4,151 in the 2010 census, a decline from the 4,362 population in the 2000 census.The headquarters of Industries, a manufacturer of motorhomes founded by local resident John K. Hanson, is located in Forest City.
Dyersville is a city in eastern Delaware and western Dubuque counties in the U.S. state of Iowa. It is part of the Dubuque, Iowa, Metropolitan Statistical Area. The population was 4,058 at the 2010 census, up from 4,035 at the 2000 census.Dyersville is a thriving farming city with a long history. It is nicknamed ""The Farm Toy Capital of the World"" because it hosts a farm toy show the first weekend in June and the National Farm Toy Show the first weekend in November. It is also the longtime home of the Ertl Company, a maker of die-cast farm toys. Multiple local businesses are based on this part of its economy.
The United states Trucking Organization
mentions that there are about
200,000 workers with truck
250,000 private providers trucking
firms accredited to
operate in the U.S. that transferred,
according to their most current searchings for billions of
products, materials and
standard products .
There are several typical
groups on our nation
roadways transporting these
important products to our
shops, manufacturingplants and shipping ports.
Moreover freight bill factoring
countless of them and offer their
accounts receivablesfinancing facilities
including the following states.
Alaska, Arizona, Arkansas,
California, Colorado, Connecticut, Delaware,
Florida, Georgia, Hawaii, Idaho State,
Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska,
Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming
While Iowa is often viewed as a farming state, in reality agriculture is a small portion of a diversified economy, with manufacturing, biotechnology, finance and insurance services, and government services contributing substantially to Iowa's economy. Manufacturing is the largest sector of Iowa's economy, with $20.8 billion (21%) of Iowa's 2003 gross state product. Major manufacturing sectors include food processing, heavy machinery, and agricultural chemicals. Sixteen percent of Iowa's workforce is dedicated to manufacturing. Food processing is the largest component of manufacturing. Its industrial outputs include food processing, machinery, electric equipment, chemical products, publishing, and primary metals. Directly and indirectly, agriculture has always been a major component of Iowa's economy. However, the direct production and sale of raw agricultural products contributes only about 3.5% of Iowa's gross state product. The indirect role of agriculture in Iowa's economy can be measured in multiple ways, but its total impact, including agriculture-affiliated business, has been measured at 16.4% in terms of value added and 24.3% in terms of total output. Iowa also has a strong financial and insurance sector, with approximately 6,100 firms. Ethanol production consumes approximately one-third of Iowa's corn production, and renewable fuels account for 8% of the state's gross domestic product. A total of 39 ethanol plants produced 3.1 billion US gallons (12,000,000 m3) of fuel in 2009.
Life of a Truck driver, like many other professionals can be very challenging, rewarding, and frustrating at the same time. �The com� is an information site for many of the Truckers needs. It is designed to encompass the needs of the Trucker, both on the Road and at Home.
List of Trucking Companies for Owner/Operators and Company Drivers
Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen
EveryJob is a free service dedicated to helping professional truck drivers find new truck driving jobs with the best trucking companies hiring today!
Locate truck driving jobs by city, state, position andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs
If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.
If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.
The largest trucking companies in the U.S. set a revenue record in 2013, but revenuegrowth slowed for the second year in a row.
The combined revenue of the 50 largest motor carriers rose to $106.6 billion last year, according to The Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.
Matthews Truck and Haul has been in business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Matthews was a top rated accounts receivable mastermind of the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. The money was flowing, and times were great.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed down. Worse still, it was noticed by Matthews in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of Matthews, Alvin Wilson, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.He had already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Matthews money had jumped ship and decided to leave him holding the bag.
. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Matthews hadn't gone elsewhere. The had just gone!.To Alvin Wilson the situation looked desperate. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. At night he would speak to his wife Erica and shake his head in frustration.
""I have a bad feeling, Lin,"" he'd sadly say to his wife.""What could you do differently?"" she would say.Alvin would stare off for a moment and then close eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them on the road, delivering good to all his loyal customers. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What on earth was happening to create the death of his business?""I think I know what it could be,"" said Alvin. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Erica would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Alvin knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The following day Alvin walked into his office with a spring in his step, determined to call each and every client who owed money to Matthews Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Alvin knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. Wasting money, wasting time - even with the best of intentions, Alvin knew that he was in trouble.
After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Charleneerley knocked at his door.
""Alvin, can I have a word?"" she queried, standing in the doorway.
""Of course Charlene, please come in."" Alvin relaxed back into his chair and looked up at Charleneerley.""Well Alvin, this afternoon I did some research, trying to work out how we are going to get out of this mess."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard of factoring?"" Charleneerley asked.""It does sound vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Immediately?"" Alvin interrupted.""Yes, immediately,"" she continued, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.""Alvin replied cautiously ""I see - and what happens then?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.
The company will advise us the cost to purchase factoring for our company's accounts receivable. We come to an agreement and the funding starts pouring out.�Leaning forward, Alvin studied the documents very closely.""I do not know, Charlene - it just sounds too good to be true"", Alvin said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Alvin: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. And they're flexible Alvin,"" she underlined a paragraph on the paper before him.""Just how flexible?"" he asked.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. Apparently they can figure this all out in two to four days.
""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" said Alvin.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Alvin thought about this and agreed with Charleneerley. The clients who owed them money were long standing friends and professional resources of Matthews. Just because they were experiencing difficulties paying their own bills now, Alvin was very concerned about losing these relationships. Alvin knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. Of course he did not want to lose any more money, but he did not want to lose business either.""Let me go over this tonight Charlene, and thankyou."" Charlene nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Alvin sat behind his desk and looked over the details Charlene had not mentioned in their meeting. What other issues could freight factoring help Matthews with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. Alvin was surprised: it said that his company could get up to fifty percent cash advances on load pickups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""Well, I'll have to tell Bobby about this,"" muttered Alvin to himself.Alvin's son-in-law, Bobby, loved the idea behind Matthews and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. Alvin knew then what struggles Bobby would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Matthews was struggling then the little guys, like Bobby, were going to be in even more trouble.
Perhaps the antidote to these problems was in freight factoring, and they were about to find out.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Alvin found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They took that time and refocused effort to offering competitive prices in new territories. Alvin looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.
More Trucking Factoring Companies Story Articles
The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Calvin Knight just sat there letting it ring. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Knight Trucking Company was at a turning point of growth and Calvin had to decide if signing with a factoring company was the right way forward.
More than forty years ago Calvin's father had started this business working as an owner-operator and eventually growing Knight Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Calvin's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. Now the company was solely in Calvin�s hands and he wanted to live to see it in better shape for his sons.
To move Knight Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. His employees needed to be paid. They all have families and the usual household bills. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. He knew that turning down these requests made Knight Trucking look inefficient and weak in what was currently a strong market.
His father would have told him to wait and to take his time adding on new technology. Calvin chuckled, thinking about his father. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.
Calvin knew he was right in his forward thinking. What would be the next step for Knight Trucking? More importantly, how could he afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.
But was factoring the answer? There was a lot he didn�t understand about the process. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills and employees in invoices.
Calvin had to really consider what his next step was going to be. Calvin had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. He knew he would have to be very careful if he was to avoid any of these shady companies?
However, it all turned out to be very simple. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He was quite happy to sign an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. He was more than happy with the figures he was offered in percentage terms on the freight bills. It was good money.
It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Calvin because he and his father had created a very strong and loyal list of clientele over the years. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients wouldn�t think poorly of Knight Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.
Calvin stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. With the capabilities of this new cash flow, Calvin could actually expand Knight Trucking Company further across the country and perhaps even go international into Canada. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.
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�So, this is not a loan?� asked Franklin Kennedy, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Franklin Kennedy owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Joel. His company was called Berry Trucking, named after both of his grandfathers, Roy and Christian. Both of these men had been very hardworking and had set a great example for Joel.Six months ago disaster struck Joel's business when two out of his fleet of fifteen trucks were taken off the road.
One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. The financial security of Joel's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Franklin had on hand.Paying of bills in the trucking industry is always a major cause for concern for businesses.
Waiting a month or longer for bills to be paid was quite normal. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Franklin was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.And that's why he found himself across the desk from this woman. Franklin knew she was employed by a Factoring company and that her name was Laurie. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.She sat there now, and explained. �It�s not a loan, we purchase your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Franklin agreed. It sounded perfect - perhaps too good?.Laurie laughed. �I'm not sure that you believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Laurie smiled, agreeing. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. You work hard, you�ve put everything you can into it. Sometimes you need help. That's why we do what we do.""In any case, thank you for coming to see me.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Laurie said with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Franklin completed the form, with Laurie offering advice as needed.
The completed profile gave Laurie and her company all the information they needed on Joel's business, and with this information they would determine if this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Franklin filled out his form, Laurie was pretty sure he was a perfect candidate for factoring.Laurie took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Joel's hand. He stood before they shook as well, and then smiled. They said their goodbyes and Franklin walked her to the door, and then returned to his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He shut his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. Talking to Laurie though, learning about factoring, it felt like a weight had been lifted from his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The terrifying panic attacks that occurred regardless of where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was there, he was on the right path, and he was working to make things right.His mind wandered back to the very beginning, when he first started his business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Home cooking in his hometown, and he had done very well.But it wasn't what he really wanted to do. His passion didn�t lie with the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Berry Trucking. And that's exactly what he did. Once again he built a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was about to turn fifty. He didn�t think he had it in him, to save this company. But he couldn�t give up. The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn�t know how to say quit.And now it seemed as though he would not have to - all because of Factoring. Joel's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.
As the owner of your own company, you may likely be much more than mindful already of the hardship in making certain that cash flow matters do not become a problem down the line. After all, the most awful thing that can potentially happen for your business is to find yourself embroiled in a long and complicated condition that leaves you forever searching for the cash you need on an continuing manner.
For just about any company in this condition, the dilemma can come for waiting for work to clear up and actually be provided into your account. Invoices, checks, and the like can take some time to actually to beprocessed which may leave you with short-term cash flow problems. Luckily, there are solutions out there for companies to look into-- and one of these is factoring firms.
Factoring agencies will, in trade for your accounts, grant you with the cash right now in order that you do not have to fret about the delaying period which could make paying the expenses and obtaining materialsmore troublesome. With this type of system, invoice factoring can become extraordinarily useful for numerous companies who ought to avoid a money lure which they have discovered themselves in.
Simply because, relying on the volume of the work, it can take up to 60 days for some businesses to get paid then it is necessary to cover up your own back and definitely not leave yourself money short to pay the costs. After all, how many establishments possess two months profits just lying there to handle all their expenses till they make money?
This is primarily true of trucking enterprises. They have the tendency to deal with bunches of invoices which means a huge volume of collection time involves business owner themselves. Making an effort to get paid off in time can end up being an extraordinary difficulty and this is the reason why you make use of trucking factoring providers who are delighted to help out truckers primarily.
As we all know, trucking is an extremely huge industry with a lot of companies out there employing hundreds of drivers. Regrettably, numerous of these drivers land up in money issues since they are still anticipating work from six weeks earlier to actually pay them. When this is the scenario for a trucking firm, turning to factoring providers for assistance may be the finest alternative left.
This signifies that a trucking firm can pay the wages of the crew, keep all the vehicles filled with fuel and continue to surmount, flourish and expand without constantly waiting for the cash which is taking too lengthy to come in. Trucking Companies operating without a factoring system used are leaving themselves at critical threat, as competitions cash out quickly and go on to grow.
There's genuinely nothing to be stressed about when it comes to utilizing a Factoring contractor-- they are not like a financial institution or an individual who is going to leave you with a big pile of liability to repay. You give them authentic invoices from output you have already finished , you are merely accelerating the payment process.
In the Usa, where truck firms grow, factoring companies are not considered accepting loan of in any capacity. This private arrangement then lets both groups to make money and delight in a good future-- it gives the factoring provider a warranted asset of earnings to put into the list and it supplies the trucking business the needed money that they worked hard to get.
The trucking company presents their invoices to the factoring company. The trucking factoring provider then acquire the payment amounts from the trucking company's clients. Factoring has been all around for hundreds of years and has been adopted for long times by a lot of varied markets-- but none much more so than truckers. While you may well lose out on a small part of the money, something like 1-3 % depending upon who you work with, it indicates that you are receiving the finances today and can actually begin putting the funds to operate.
After all, an IOU or an invoice is not actually going to finance costs, is it? For trucking agencies when the hard earned cash can be very good one day and gone the next, it is up to the vehicle drivers to work sensibly and to make sure that they are leaving themselves with a substantial volume of time and finance to get through the week up until they are compensated once more.
So the next moment your trucking business is having some short-term cash flow problems and you are investing excessive time chasing slow paying clienteles, why not start considering utilizing a factoring companies as a method to get your money and give yourself a more convenient future in the eyes of your trucking workers and your bank difference?
Traditional Bank Loans
Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.
What Are Trucking Factoring Companies?
Trucking Factoring companies do not offer loans, and you do not go into debt when you get money from a Trucking Factoring company. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.
Benefits of a Trucking Factoring Company Vs. A Bank Loan
Not every business can benefit from Trucking Factoring account financing because you have to have a business with accounts receivable, however there are many benefits for those who can access this type of finance.
1. There is no debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.
2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.
3. You'll receive the money faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.
4.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.
As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.
In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.