Factoring is speeding up but is it enough? EP130 Drilling Deep
Factoring is the grease that makes trucking run. Independent owner operators and small fleets need to get paid quicker than the standard 30 days or more terms, and factoring allows it.\nBut what if technology can pay drivers even faster? Where does that leave factoring? Craig Cohen is the CEO of a new factoring company called TransCap. He joins host John Kingston on Drilling Deep to discuss the state of factoring.\nAlso on the podcast: diesel suddenly takes a huge downturn. How did that happen?\nLove\u2019s Truck Care & Speedco is the nation\u2019s largest preventative maintenance network over the road. With more than 1,500 maintenance bays offering light mechanical services and DOT inspections, Love\u2019s and Speedco are invested in getting drivers back on the road quickly and safely. Visit www.loves.com to learn more about our services.\nFollow Drilling Deep on Apple Podcasts\nFollow Drilling Deep on Spotify\nMore FreightWaves Podcasts\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices