Factoring vs quick pay: which actually costs you less
Both trade a slice of the invoice for getting paid sooner. Which is cheaper depends on how often you use it, and on terms people rarely read.
Read itPractical writing for owner-operators and small fleets. No fabricated earnings figures, no guaranteed-loads talk — just how the work actually goes.
Most trucking advice online is written to rank rather than to be read, and it shows: the same five paragraphs about “maximising your earning potential”, an invented average salary, and nothing a driver could act on in the morning. These pieces are the opposite. They are about specific, unglamorous things — what a rate confirmation actually commits you to, why a broker will not load a new MC number, how detention is won or lost at the moment you sign rather than at the dock.
Two rules, because they are the reason to trust any of it. Nothing here quotes an earnings figure, a guaranteed number of loads or a rate we cannot substantiate. And where an article states an industry fact — an FMCSA limit, how a fuel surcharge is computed — it is real and attributable, and it tells you to check the source rather than take our word for it. Where the honest answer is “it depends on your costs”, that is what it says.
Invoicing, detention, TONU, factoring and quick pay. Most of the money carriers lose is not lost in negotiation — it is lost afterwards, in paperwork nobody chased.
3 articlesThe things that decide whether a single truck makes money: where freight comes from, what empty miles really cost, and how to judge a rate against your own numbers rather than against what it paid last year.
2 articlesBoth trade a slice of the invoice for getting paid sooner. Which is cheaper depends on how often you use it, and on terms people rarely read.
Read itA rate confirmation is a contract, and most disputes are lost at the moment it is signed rather than at the dock. Here is what to read before you do.
Read itMost detention goes unclaimed, and almost always for the same reason: nobody recorded the times. The fix is procedural, not adversarial.
Read itThere are five ways to keep a truck loaded, and they suit different operations. This walks through all of them, including the ones that mean not hiring us.
Read itDeadhead is the most commonly under-counted cost in trucking, because the mileage is visible and the money is not. The arithmetic is simple once you do it once.
Read itAsk a dispatcher directly. We would rather tell you dispatching is not worth it for your operation than sign you up and have you leave.