Aug 15, 2017 • Carriers

5 Best Things About Our Freight Factoring Company

5 Best Things About Our Freight Factoring Company

Why InstaPay is the Best Freight Factoring Company

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

1. Non-Recourse Factoring – We Collect For You

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

2. Get Paid in a Day

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

3. Flat Rate – No Fees

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

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

4. The Most Transparent Factoring Company

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

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

5. Easy to Use Right From You Phone

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

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

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

TagsFreight Factoring

Industry Update - January 24, 2020 <h4>By Paul DeCoste</h4> <h3></h3> <h3></h3> <h3><strong>Industry Update</strong></h3> Curious about the top issues discussed in the trucking industry in 2019? Take a look at this graphic from the ATRI Top Industry Issues 2019 survey. <h3> <a href="https://truckerpath.com/uploads/2020/01/image002-1.png"><img class="size-medium wp-image-4869 aligncenter" src="https://truckerpath.com/uploads/2020/01/image002-1-300x244.png" alt="" width="300" height="244" /></a></h3> <h3><strong>Weather Update</strong></h3> <a href="https://www.freightwaves.com/news/snowstorm-lingers-into-weekend-for-midwest-northeast-with-forecast-video">This snowstorm</a> has been building up over the past few days and drivers need to be aware of some potential snowfall in the Midwest. The following locations should be driven on with caution for the weekend; Milwaukee and Green Bay, Wisconsin, Michigan’s upper peninsula, Chicago and South Bend, Indiana. <h3></h3> <h3><strong>Pilot Name Change</strong></h3> <a href="https://cdllife.com/2020/truck-stop-giant-announces-big-name-change/">Just yesterday, Pilot Flying J announced that</a> they are changing their company name to “Pilot Company”. This new corporate name is meant to, “serve as an umbrella that captures the total portfolio of the business as it continues to expand its retail and energy operations.” <h3></h3> <h3><strong>Driver Saves Lives</strong></h3> <a href="https://www.truckersnews.com/driver-fights-fire-at-accident-scene-honored-for-his-efforts/">Linden O’Donnell went out of his way to put out a car fire</a> and help several motorists. He was driving on the right side of Interstate 280 when he witnessed a car smash into the back of a stalled SUV. Thankfully the SUV was empty, but the passengers of the car were barely conscious and in need of help. As fire crept from the engine to the cab, Linden ran to grab his fire extinguisher and put out the flames. This allowed Linden to safely assist the drivers out of the car and out of harm’s way. His courage and ability to react deserves the honor he is receiving. <h3></h3> <h3>New Tech</h3> <a href="https://www.ttnews.com/articles/companies-explore-using-old-electric-car-batteries-cut-costs">This pilot study done by American Electric Power and Nissan Motor Co</a>., is testing the reuse of old batteries to reduce costs for electric cars. This new process has the potential to lower system costs by one-half and even extend the power of lithium batteries by one-third.

Jan 24, 2020 • Carriers

Trucker Spotlight - Hope Zvara <em>The Trucker Spotlight series explores the lives of truckers and their journey to make a difference in their industry. We interview different people in the trucking industry to understand some life lessons that make them who they are today. We also learn more about their motivations, and the problems that they encounter on the job. We also tackle how Trucker Path's solutions helped them with what they do. The information that they provide helps inform other people who are looking to delve into the trucking world.</em> <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/Lark20200727-210833.jpeg" alt=""] <h2></h2> Today we are putting the spotlight on <strong>Hope</strong>, who is a Yoga instructor and founder of Mother Trucker Yoga, whose advocacy is to teach yoga and wellness to truckers. She has been featured in a lot of trucking websites, magazines, and also maintains a podcast on Chrome and Steel Radio. Let's get to know more about Hope and how she mixed yoga with trucking. <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/Lark20200727-210801.jpeg" alt=""] <h2></h2> <h3><strong>Tell us a short story about you. Any trivia?</strong></h3> I had no idea what I wanted to be when I was in high school. I knew I wanted to help people but was lost among many other things. At age 20 I decided I wanted to do mission work and began to look into being in the Peace Corps. But as a college drop out, that wasn’t an option. So I found a program and a few short months later I found myself on a plane to Nigeria to live for nearly a year. That trip changed my life in a way that helped me to see that I could do anything. As someone who had struggled with addiction and a slew of other issues, a trip like that gave me a deep dose of perspective. That perspective still drives me today to help others gain perspective on their health, happiness, and life’s direction. Trivia? I am a middle child. I Have been to 7 different countries before the age of 30. I love alternative rock. I love dark chocolate and mojitos. And love love love to travel! <h2></h2> <h3><strong>What made you decide to delve into the trucking industry?</strong></h3> Well trucking just fell into my lap. For about 5 years prior I knew I was a transition in my career and was ready to do something different, something more. I had owned a yoga studio for more than a decade and knew owning a studio wasn’t my end game. Then at a local business mixer in my hometown of Hartford, Wisconsin, I started chatting it up with someone I had never met before, who is now my former business partner. I was trying to pitch him corporate yoga for his trucking company office employees and he looked at me and said, “do you have anything for drivers, like in the cab of their truck?” Without skipping a beat I looked at him, threw my arms up, and said “Mother Trucker Yoga”. He loved the idea and the next day I and a perfect stranger were building a company from scratch merging yoga and trucking. <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/Lark20200727-210808.jpeg" alt=""] <h2></h2> <h3><strong>What are the significant changes that you've noticed in the trucking industry?</strong></h3> I’ve seen a lot of changes in the last three years. Many drivers I’m sure will comment on the increased regulations. But I want to talk about increasing awareness and action around trucker health. More and more drivers and companies are taking notice of the necessity of taking care of our drivers’ health and well-being. I ask companies all the time are your drivers an asset or a liability? This pertains directly to the health of the driver. Every month I am seeing more and more drivers take an interest in cooking on the truck, drinking more water, trying to exercise or at least for the first time admitting it is something to pay attention to and work to improve. Secondly are mandatory 30-minute breaks and 34-hour resets. Now I am not a truck driver and never claim to be. And as much as these breaks can be a pain in the butt when a load has a deadline. I want to encourage you to see these times outside the driver’s seat as opportunities to take better care of you. Get out and walk, exercise, get to the grocery store or order groceries to be delivered to your truck, or meal prep. See that time as a blessing to help improve your health. You have to take it so you might as well do something positive with it. <h2></h2> <h3><strong>What came first, trucks or yoga?</strong></h3> Great question. Yoga came first. As a teen, I struggled with depression, anxiety, and addiction and yoga saved my life. Now I know that might seem heavy, but the reality is that many struggle with mental health and yoga is as much physical fitness as it is about mental and emotional fitness. I went from a young teen practicing yoga as a lifeline to teaching yoga to others, teaching teachers, and then teaching yoga to truck drivers just like you. And I have to say, working with truck drivers has been one of my favorite parts of the road I've been traveling (hehe- get it). <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/Lark20200727-210823.jpeg" alt=""] <h2></h2> <h3><strong>Ever tried driving a truck?</strong></h3> I've driven a lot of things, a skid steer, a forklift, a truck and trailer backward up a winding driveway- yes; but an eighteen-wheeler, not yet. <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/h1.jpeg" alt=""] <h2></h2> <h3><strong>What are your trucking industry pet peeves?</strong></h3> Complaining. Now people in every area, every walk of life, every industry complain. And sharing our concerns, or dislikes, and frustrations when done correctly can be an effective way to make a change. But when people leave comments complaining about what they don't like in a negative tone without any suggestions on how to make it better and when people attack and never for a second consider all that the other has done or has to go through to make X happen, is so frustrating. I believe the key is perspective. And when we gain perspective our tone often changes. We see life differently. The second is people saying it is impossible to be healthy or exercise when you are a truck driver. I promise you with 100% confidence that there are things that you can do as a truck driver to improve your health, fitness, and wellness that you can implement today. <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/Lark20200727-210828.jpeg" alt=""] <h2></h2> <h3><strong>What are the common habits that a truck driver should change?</strong></h3> #1 thing a truck driver should change today is drinking more water. Our bodies are made up primarily of water and many of our health concerns can often be tied back to dehydration: grogginess, muscle pain, cramps, fatigue, mental fog, and digestive issues. Drinking more water, ideally, 1/2 your body weight in ounces can dramatically change your health. Secondly is to move more. I'm not telling you to exercise, what I'm saying is with all that sitting you need to move more so you don't end up as stiff as a board. Simple things like small movements or stretches while driving. Walking laps around your rig while filling up with fuel. Or a yoga stretch here and there in those moments where you are waiting to load, unload, on your break, on your reset. It all adds up. <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/Lark20200727-210818.jpeg" alt=""] <h2></h2> <h3><strong>What are the benefits of yoga for truck drivers?</strong></h3> There are endless benefits to practicing yoga. And being a truck driver you aren't exempt to those benefits. Here are13 of my top benefits to truck drivers practicing yoga: <ul> <li>Improves flexibility and mobility.</li> <li>Strengthens muscles, which can help with arthritis and back pain.</li> <li>Aids in realigning the spine to help distribute weight evenly.</li> <li>Helps keep spinal disks supple.</li> <li>Offers a natural weight-bearing exercise, increasing bone density.</li> <li>Gets your blood flowing, providing more oxygen to your cells and helps boost hemoglobin and red blood cells.l</li> <li>Assists in increasing the drainage of the lymph, helping to destroy and fight cancerous cells.</li> <li>Gets your heart rate up, lowering the risk of heart disease.</li> <li>Gets you breathing.</li> <li>Lowers blood pressure.</li> <li>Lowers cortisol levels, helping with long term memory, and fighting depression.</li> <li>Improves coordination, reaction time, memory.</li> <li>Helps you to relax</li> </ul> <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/Lark20200727-210813.jpeg" alt=""] <h2></h2> <h3><strong>What is the best truck stop food for truckers?</strong></h3> There are dozens of diets and eating guidelines that people follow-truckers included. And I think the better question to ask is what should drivers look for each day at the truck stop to eat? And the answer to that is simple. Look for foods that are fresh, look for foods that are preservative, additive-free. Look for foods that have some sort of nutritional value. So many drivers (and Americans) are eating empty calories: chips, fast food, candy, soda. And sometimes it is hard and there are minimal options so ask yourself what is “good, better, best” for me to eat today. Dried nuts are good, a container of raw carrots, pretzels and hummus is better, or a burger without the bun and a salad with a hard-boiled egg and tons of veggies on top is probably the best. Sometimes the best option is not available. So what is good or better? When we bucket the foods in front of us this way we take some of the stress out of it and stop thinking in the form of “good diet” or “bad diet” and start thinking along the lines of good, better, best. And remember you don't’ always need to be the best! <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/Lark20200727-210838.jpeg" alt=""] <h2></h2> <h3><strong>What are some wellness tips that you would like to share for truckers?</strong></h3> What we do each day is often dictated by what is sitting between our two ears. Mental health is critical as a truck driver. When you add up being away from family and loved ones for weeks on end coupled with isolation, erratic schedules, and deadlines, you need to take time for you. This does not include mindlessly scrolling Facebook or Instagram. This is you listening to a positive audiobook, or upbeat music, calling a friend, and not complaining but sharing your wins for the day. But don’t be fooled, simple things like drinking more water, and getting your butt moving (sorry to be so blunt) WILL and does positively impact your overall wellness every single day. <h2></h2> [img src="https://truckerpath.com/uploads/2020/07/h2.jpeg" alt=""] <h2></h2> <h3><strong>How can truckers subscribe to your yoga classes?</strong></h3> Drivers can easily subscribe and join our Mother Trucker Yoga family as easy as a click of a button. By going to <a href="http://www.MotherTruckerYoga.com">MotherTruckerYoga.com</a> and go to our “Subscribe” page. Don’t worry it’s not $100 a month to join our family and receive our amazing content. Subscribe for just $7.99 a month and get new content dripped to you each month. <h2></h2> <h2></h2> <h2></h2> <h4>By Aldous Aldwin</h4> <h3></h3> <h3></h3>

Jul 27, 2020 • Carriers

What is a Freight Broker? [p]Have you wondered what is a freight broker? A freight broker is someone who assists shippers with freight ready to haul by finding carriers to haul a load.[/p] [h2]What is a Freight Broker?[/h2] [p] Freight brokers can run their own business or work for a freight broker company. They are responsible for arranging the transportation and tracking of a load hauled by a freight carrier.[/p] [p]Freight brokers make it easier for shippers to find quality carriers that are proven to be reliable in hauling a load as instructed. Meanwhile, freight brokers help motor carriers potentially earn more by having readily available loads to haul. [/p] [p]The responsibilities of a freight broker are not limited to connecting carriers with shippers. They must communicate with both parties it represents as well as track the load and verify it's pickup and delivery. [/p] [h2]How Do Freight Brokers Make Money?[/h2] [p]A freight broker earns money by moving freight for less than his customer is willing to pay to ship the freight. This difference creates a profit for the freight broker known as the spread. They are paid x amount by a client to find a carrier to haul a load which they pay for y amount. The difference is what the freight broker earns. [/p] [h2] Freight Broker Salary[/h2] [p]A freight broker salary has a national average of $41,952 annually according to PayScale. Keep in mind this is a base salary average without any of the commission or bonus included.[/p] [p]Location will also play a tremendous factor in dictating freight broker salary. A freight broker in Dallas earns an average base salary of $55,000 where a freight broker in Kansas City earns $45,000. Freight brokers can earn upwards of $75,000 or more annually when the commission is added and that number can increase dramatically if you operate your own freight broker company. [/p] [h2] Broker Load Boards - How Brokers Find Freight Carriers[/h2] [p]Freight brokers looking to move freight need to find motor carriers who are available to haul a load. Broker load boards are used by freight brokers to connect with the desired freight carrier and are one of the easiest way to network and build a carrier base. [/p] [p]Using a load board such as Truckloads, freight brokers can quickly find qualified carriers who may be interested in hauling a load by posting the load details onto a load board and then contacting motor carriers who may be interested in the load. Time is money and the more loads a freight broker can move, the more they can earn, placing a premium on the use of load boards. [/p] [button-green href="https://truckerpath.com/truckloads/broker-load-board/?utm_source=blog&utm_medium=freightbroker&utm_campaign=july5"]Try Truckloads for Free[/button-green] [video id="o_tsuJHWayo"]

Jul 05, 2017 • Brokers