Truckstop Survey Reveals Growing Reliance on Factoring Among Carriers

Associated Press

25-03-2025

BOISE, Idaho, March 25, 2025 /PRNewswire/ -- Heading into the Mid-America Trucking Show (MATS), Truckstop conducted an online survey of more than 350 carriers to gain insight into the evolving landscape of freight factoring. The survey revealed that factoring remains a crucial financial tool for carriers, with nearly 80% of those who factor planning to factor the same or more loads this year.
In comparison to last year, 38% of factoring customers plan to factor more loads, underscoring a growing reliance on factoring to maintain cash flow. The survey also highlighted that speed of payment and trustworthiness of a factoring provider are the most important considerations in a carrier's decision to factor. Additionally, protection against non-payment and lower fees emerged as the top reasons carriers would consider switching providers.
'Carriers are constantly navigating financial pressures, from unpredictable market conditions to managing day-to-day cash flow,' said Kendra Tucker, chief executive officer, Truckstop. 'Our Truckstop solutions are designed to help carriers operate efficiently and with confidence, ensuring they have the financial flexibility to keep their businesses moving.'
New Carrier Product Feature
In addition to releasing new industry insights, Truckstop is launching an innovative new feature on its load board to help carriers operate more efficiently. The Authority Filter is designed to assist new carriers in securing business by identifying brokers who are willing to work with them. This tool provides transparency by displaying a broker's authority age requirement directly within load details, allowing carriers to quickly filter loads they are qualified to haul and build relationships with brokers whose requirements align with their authority age.
ProTalks Education Series
As part of the ProTalks Education Series at MATS, Truckstop executives will partake in three insightful sessions: one on building a profitable freight network with brokers, another on navigating the freight landscape in 2025, and a third highlighting women's leadership in the industry.
Taryn Daker, Director of Customer Success at Truckstop, will be participating in the Women's Leadership in Trucking Panel at the ProTalks Stage in the East Hall. This panel will bring together influential industry leaders to discuss key challenges and opportunities shaping the future of women in trucking:
Friday, March 28 (11:00 a.m. EDT): Women's Leadership in Trucking Panel presented by African American Women Trucking Association, Taryn will join other influential women leaders to discuss strategic solutions for driver recruitment and retention, essential industry resources for women, and key safety and advocacy initiatives that promote career growth and equity.
Additionally, Truckstop's Senior Advisor, Brent Hutto, will be sharing his vast knowledge of the industry during two sessions being held in the ProTalks Theater, room B104:
Thursday, March 27 (2:15 p.m. EDT): Brokers Are Not the Enemy: Building a Profitable Freight Network with Brokers, Brent will be joined on stage by seasoned professional Tyler Johnston, Director of Operations at Mercer Transportation, who will share their insights on the mutually beneficial relationships between brokers and carriers.
Friday, March 28 (1:30 p.m. EDT): 2025: A Year of Opportunity – How to Choose the Right Freight for Your Business, Todd Amen, President and CEO of ATBS, will join Hutto as they discuss key strategies for identifying the best loads, optimizing your routes, and leveraging technology to make smarter decisions.
Truckstop is also sponsoring the CMC Live event featuring Kevin Rutherford aimed at helping carriers elevate their career and step into the role of a Certified Master Carrier. Whether attendees are starting with their first truck or looking to expand to a small fleet, Rutherford will dive into effective business planning, discover essential trucking tools, as well as network with fellow drivers.
Truckstop Factoring Cash Grab Booth & Exclusive Show Promotions
Showgoers won't want to miss the Truckstop Factoring Cash Grab Booth experience. Those who complete a factoring application at Booth #16160 will be invited to enter the cash booth and collect as much money as possible. The total amount gathered will be calculated, and participants will receive a gift card equivalent to their collected total.
In addition to the cash grab booth, attendees who attend a product demonstration of the Truckstop platform in the company's booth will receive a custom-designed t-shirt while supplies last. Additionally, Truckstop is offering new customers (attending the show) $50 off for their first three months of Load Board Pro.
About Truckstop
Truckstop is a trusted partner for carriers, brokers, and shippers, empowering the freight community through a platform of innovative solutions for the entire freight lifecycle to help increase efficiency, automate processes, and accelerate growth. As one of the industry's largest neutral freight marketplaces, Truckstop provides the customer service as well as scale of quality loads and trucks to give customers of all sizes, whether on the road or in the office, the transparency and freedom to build lasting relationships and grow their businesses. To learn how Truckstop is helping move the freight community forward, visit https://truckstop.com.