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? Follow Drilling Deep on Apple Podcasts Follow Drilling Deep on Spotify More FreightWaves Podcasts Learn more about your ad choices. Visit megaphone.fm/adchoices