Our Blog

Trucking companies petition FMCSA to remove public CSA scores

Posted by Genie Wood on Fri, Sep 19, 2014 @ 10:07 AM

A number of different trucking companies are calling on the Federal Motor Carrier Safety Administration (FMCSA) to no longer make Compliance, Safety, and Accountability scores, along with other safety data, available to the public. Those petitioning the FMCSA claim that the information presented in this data contains statistical flaws that the FMCSA has done nothing to address, although it has been brought to their attention numerous times.

The groups and companies involved in this petition sent a joint letter to the FMCSA just weeks after both the American Trucking Associations and the Owner-Operator Independent Drivers Association also requested that CSA data be removed from the FMCSA's website.

This is not the first time that groups within the trucking industry have petitioned to have such information removed. Earlier this year, a legal case was dismissed in which the Alliance for Safe, Efficient and Competitive Truck Transportation (ASECTT) brought a case against the FMCSA to have this safety data removed from public view, claiming that the FMCSA presented this information without addressing some of the flaws with the data, which could have significant effects on drivers' and companies' business.

Trucking companies and independent drivers face a number of substantial challenges in the course of doing business, but one of the most significant is cash flow problems caused by clients failing to pay their invoices on time, if ever. Fortunately, the team at TBS Factoring Service is here to help. Our truck factoring services can help you make ends meet even when your clients fail to make timely payments. Call us today at (800) 207-7661 to learn more about how we can help you.

Tags: freight factoring, FMCSA, trucking factoring, TBS Factoring, CSA data

Third Quarter Sees Decrease in Cargo Theft

Posted by Genie Wood on Thu, Dec 12, 2013 @ 07:50 AM

In the third quarter of this year there was a notable decrease in cargo theft when compared to previous years. According to the Supply Chain Information and Analysis Center, there were only 195 reported instances of cargo theft in the third quarter of 2013, compared to 285 from the third quarter of 2012. 

This time period usually sees the greatest amount of theft during the year, as thieves target trucks carrying goods to be sold during the holiday season. Experts speculate that the drop in theft could be the result of a heightened awareness among truckers of the dangers of cargo theft, resulting in increased precautions. 

Unfortunately, theft is not the only financial difficulty that truckers may face in the course of their work. Far too many truckers and trucking companies struggle to make ends meet becasue of clients who fail to make timely payments on their invoices. If you are facing cash flow problems and you need the money you are owed as soon as possible, the freight factoring experts at TBS Factoring Service are here to help. Call us today at 800-207-7661 and learn more about how we can help you and your business. 

Tags: TBS Factoring Service, cargo theft, trucking factoring, Trucking Industry

TBS Factoring Service, LLC, passes $1 billion milestone

Posted by Genie Wood on Thu, Sep 26, 2013 @ 01:09 PM

After opening in 2004, TBS Factoring Service, LLC, recently passed a major milestone – surpassing $1 billion worth of freight-factored invoices.

This is a considerable marker for TBS, which provides cash to independent truckers and small trucking companies by buying their invoices at a marked-down price. This immediate cash flow can help these smaller businesses from facing detrimental financial problems and grow their businesses, especially when parties that owe them money fail to provide payment.

According to Wood Kaufman, TBS founder and CEO, “We are proud of this important milestone because it reflects our continued commitment to American small businesses. Our success is built on friendly, personal service and a customer base that knows it can count on us. In fact, our clients give us a 98 percent satisfaction rating, and that shows in our own results.”

TBS works to help small and independent truckers stay afloat and increase their business by providing a variety of financial solutions, from buying invoices to selling discount fuel cards. Find out more about our services and how we can help your trucking company financially, call 800-207-7661.

Tags: TBS Factoring Service, company news, trucking factoring

OOIDA Appeals Decision on Pilot Program with Mexico

Posted by Genie Wood on Fri, Jun 07, 2013 @ 07:57 AM

The Owner-Operator Independent Drivers Association (OOIDA) has filed an appeal to overturn a recent court decision which enables commercial trucking operators from Mexico to operate on U.S. roadways with a Mexican-issued trucking license. This pilot program, run by the Department of Transportation, is intended to increase trade between the two countries by reducing barriers to transportation. 

However, the OOIDA argues that this program unfairly disadvantages truck drivers in the United States. According to the OOIDA, trucking safety regulation standards are considerably more strict in the United States than in Mexico, so treating Mexican-based trucking operations as equivalent to American-based operations allows Mexican truckers to evade many of these restrictions, harming the job security of American truckers and making highways less safe. 

At TBS Factoring Service, we understand the challenges that independent trucking operators face, and we are committed to helping truckers stay on the road. Contact us today at 800-207-7661 to speak with a qualified member of our staff and learn more about what our factoring services may be able to do for you.

Tags: TBS Factoring Service, independent trucking operators, trucking news, OOIDA, trucking factoring

TBS Factoring Service Adds Compliance Services

Posted by Genie Wood on Thu, May 02, 2013 @ 07:58 AM

TBS Factoring Service is proud to announce that, through affiliate Truckers Bookkeeping Service, it will now be able to offer clients comprehensive compliance service in order to help truckers stay in business and on the road. The new service comes at a time when many truckers need it most, as new compliance regulations will likely take effect this summer which could have a significant impact on how the trucking industry does its business. 

Linda Baggett, who has more than ten years of experience in transportation compliance and is a Certified Director of Safety will head the new division. Some of the services that will be offered include a full review of companies’ existing compliance procedures, help in creating new compliance guidelines and procedures, and training in following these procedures. 

At TBS Factoring Service, we are committed to helping truckers with everything they may need to stay on the road. If you would like to learn more about our compliance or factoring services, contact us today at 800-207-7661.

Tags: TBS Factoring Service, trucking factoring, compliance services, service offerings

TBS Names L. Ashley Wendorff Sales Manager

Posted by Genie Wood on Fri, Apr 19, 2013 @ 01:56 PM

TBS Factoring Service is pleased to announce that L. Ashley Wendorff, a member of our sales team since June of 2012, has been appointed to serve as sales manager. Wendorff is a graduate of Oklahoma State, where she was a student in Speech Communications and Marketing. With more than 15 years’ experience in sales and sales training experience, we are certain that she will be an invaluable leader for our company.

Since 2004, TBS Factoring Service has been dedicated to helping truckers with all of their freight factoring needs, and we put a premium on our ability to successfully serve the needs of our customers. In her time with TBS, Wendorff has already helped to streamline our services and extend our business opportunities to new ventures. To learn more about this development, read our press release.

Tags: TBS Factoring Service, new sales manager, L. Ashley Wendorff, trucking factoring