Factoring is speeding up but is it enough?

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. But 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. Also on the podcast: diesel suddenly takes a huge downturn. How did that happen?

Episode 130 of the Drilling Deep with John Kingston podcast, hosted by FreightWaves, titled "Factoring is speeding up but is it enough?" was published on September 16, 2022 and runs 25 minutes.

September 16, 2022 ·25m · Drilling Deep with John Kingston

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Summary

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. But 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. Also on the podcast: diesel suddenly takes a huge downturn. How did that happen? Follow Drilling Deep on Apple Podcasts Follow Drilling Deep on Spotify More FreightWaves Podcasts Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description

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. But 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. Also on the podcast: diesel suddenly takes a huge downturn. How did that happen? Follow Drilling Deep on Apple Podcasts Follow Drilling Deep on Spotify More FreightWaves Podcasts Learn more about your ad choices. Visit megaphone.fm/adchoices

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