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As it is currently stated, military service members are only able to obtain a commercial drivers license, CDL, where their permanent place of resident is, rather than where they are stationed. With the passing of a new bill, that will soon change.

The Military Commercial Drivers License Act of 2012 was proposed as a way to have more experienced truck drivers on the road supporting the progress of the American economy. This bill would enable military veterans to apply for the CDL where they are stationed, making it more convenient for them to transition into an employed position outside of the military.

The bill was passed by the House and the Senate. The trucking industry will extremely benefit from the passing of this bill, as it will allow military veterans who have experience operating large commercial trucks to join the industry.

Freight factoring is an important factor to consider when joining the trucking industry. If you have questions regarding this step, please contact TBS Factoring today by calling 800-207-7661 today.

Every year Americans take a week to honor the hard-working truck drivers that spend countless hours supporting the economy by driving goods from place to place. 

This year, National Truck Driver Appreciation Week spans from September 16-22, and companies across America will have the chance to honor the hard work of their drivers.  

To show their appreciation, the freight factoring professionals of TBS Factoring Service are offering drivers who work with the company funding for EFS and ACH, free FedEx use, document scanning, and wire transfers.  Additionally, the factoring team will increase their referral bonus, moving from $100 to $250.  Those who refer other drivers will also be entered to win a $1,000 prize. 

TBS Factoring Service is proud to support truck drivers and trucking companies, both during National Truck Driver Appreciation Week and year round with their truck factoring services. For more information about factoring and how it can help you, contact the team at TBS Factoring Service today by calling 800-207-7661.  

Beginning on October 1, 2012, the TBS Factoring Service Trade School Scholarship will begin receiving applications for potential recipients. 

The scholarship program is being funded by TBS Factoring Service, and is intended to help a former truck driver who is unable to continue driving because of medical reasons pursue opportunities in trade school to train for a new line of work.

The scholarship program is being run by the St. Christopher Truckers Development & Relief Fund (SCF), which oversees the funds and distributes them where appropriate.  Those who are interested can apply to the scholarship from October 1- November 15, and the recipient will be announced sometime in December. 

For more information about freight factoring services, contact the team at TBS Factoring Service today at 800-207-7661.

There are two different types of truck factoring: non-recourse factoring and recourse factoring.

Non-recourse factoring for commercial trucks involves a factoring company taking the credit risk involved with insuring the freight load. This type of factoring is well-suited for trucking companies that possess a small number of trucks who have several different customers.

Benefits of non-recourse factoring include: no hidden sign up fees, no minimum on credit scores, no specific requirement on volume of freight, and the ability to not sign a long-term contract.

TBS Factoring will be able to help you set up a non-recourse factoring account for your company. To learn more about freight factoring and the non-recourse option, please contact TBS Factoring by calling 800-207-7661 today.

There are several open positions in the trucking industry. In fact, according to a spokesman for the American Trucking Association, there are roughly between 20,000 and 30,000 open trucking positions currently in the United States.

The Bureau of Labor Statistics expects this number to grow quite substantially by 2020, with 330,000 drivers needed by the time that fiscal year becomes a reality. A large problem involving the shortage of drivers is centered around current drivers aging and retiring before a new driver replaces them in their position.

Large trucking companies claim that they are constantly looking for new truckers, because they have large amounts of freight to move across the United States. Wages for these positions have also increased due to the strong competition among trucking companies for new employees.

The trucking industry in Florida is set to be negatively affected by the increase in toll roads and tolls in the state.

Due to a new legislation that recently passed, the number of toll roads in Florida will soon grow, and some toll road prices have already gone up. The state of Florida already holds the number one position for the most mileage of toll roads out of any state, with 657 miles.

Florida's trucking industry will feel the effects of this new legislation, and a financial burden will be apparent. The trucking industry has cut the number of trucking companies in half since the depression of 2008.

Truck factoring is important for truck drivers in order to function in their career successfully. If you have questions regarding truck factoring, please contact TBS Factoring by calling 800-207-7661 today.

The trucking industry is in need of professional "big rig" truck drivers to haul freight throughout the United States. It is estimated that by the end of next year, there will be approximately 300,000 job openings in the trucking industry.

Truck drivers are responsible for transporting roughly 70 percent of all freight in the United States. An individual has to obtain a commercial driver's license in order to be able to work in the trucking industry.

The ability to earn a decent living is present with the position of a "big rig" trucker. Individuals already in the industry claim that you have to move up in the rankings, but that their jobs are important to the overall flow of the economy, and they enjoy what they do.

Freight factoring is also an important part of working in the trucking industry. If you have questions regarding truck factoring, please contact TBS Factoring by calling 800-207-7661 today.

For the second month in a row, the truck tonnage index calcuated by the American Trucking Association has declined.

The month of May saw a decline of 0.7 percent in the seasonally-adjusted tonnage index. The index fell even more in April, dropping 1.1 percent.

A representative for ATA stated that this slow decline is a disappointment, and indicates that the overall economy is declining as well. The truck tonnage index usually reflects the status of the American economy.

If you are seeking help in regards to freight factoring, please contact TBS Factoring by calling 800-207-7661 today.

A transportation spending bill that is currently being discussed in Congress has left truckers divided after a proposal to install 'black boxes' in all trucks became highly scrutinized.

These 'black boxes' are the same devices that can be found on commercial aircrafts, and would be utilized in the trucking industry in order to record the number of hours that the truck drivers were working.

The purpose of these boxes will be to ensure that drivers are not going over the hours-of-service rule mandated by the federal government. Truckers opposed to this installation claim that these boxes will only add additional costs, and proponents of the boxes believe that they will increase the safety of the industry.

Truck factoring is a big concern for drivers in the trucking industry as well. If you have questions regarding freight factoring, please contact TBS Factoring by calling 800-207-7661 today.

The U.S. Bureau of Labor Statistics recently released a report regarding the most dangerous jobs in America. This report was compiled based on 2010 data concerning workplace deaths.

In 2010, 4,690 people lost their lives while working at their job. Out of those fatalities, 92 percent of them were men, and the main cause of death was related to transportation accidents. The BLS listed the top ten most dangerous jobs based on deaths out of 100,000 workers. Truck drivers were listed as the eighth deadliest profession, with 683 deaths occurring in 2010.

Each year in the trucking industry, 21.8 deaths per 100,000 workers take place. Transportation accidents are easily associated with this profession, because truck drivers are constantly on the roadways driving in hazardous conditions. Being a fisherman was regarded as the most dangerous job in America, with 116 deaths per 100,000 workers.

It is important to understand what freight factoring program is right for you. Please contact TBS Factoring by calling 800-207-7661 to discuss the different options for freight factoring today.