Dwayne Hood is founder and president of Trucking Partners, LLC, a factoring & billing company. Prior to Trucking Partners, Dwayne owned and managed motor carriers involved in many different sectors of the trucking industry. Dwayne now enjoys working with small trucking companies to help them get started and grow.

WEIGH STATION TIPS

Shortly after getting your CDL license and/or your carrier authority, you will soon be required to stop at weigh stations. Whether you’re beginning your journey as a driver, or an experienced roadster, here are some tips and other info that’ll answer some questions you may have about going through these stops. What exactly are weigh…

CASH FLOW PLANNING

CASH FLOW PLANNING   Why do businesses fail? According to a US bank study, 82% of businesses fail due to poor cash flow.  Not because of their customer base or their service capabilities, but because they had a cash flow problem. As the owner of a small trucking business, you know cash flow trouble will…

Start A Trucking Company

Start A Trucking Company There is a lot to think about when starting your own trucking company.  First, do as much research as possible.  Read everything you can, especially about trucking regulations and about the costs of starting and operating a trucking company.  You’ll need to become familiar with the different requirements prescribed by the…

UNDERSTANDING FACTORING TERMS

UNDERSTANDING FACTORING TERMS In case you’re new to factoring, we thought an explanation of some common terms might come in handy: Account Debtor: Also known as the customer.  A company that purchases products or services from the factoring client and who will pay the invoice that is factored.  Accounts Receivable: Money owed to a business by its…

WHY CHOOSE NON-RECOURSE FACTORING?

WHY CHOOSE NON-RECOURSE FACTORING? Trucking Partners has offered non-recourse factoring services for several years.  Non-recourse factoring is the purchase of accounts receivable (freight invoices) for cash. Trucking Partners pioneered the use of non-recourse factoring for small-medium sized motor carriers including many startup companies. Non-Recourse Factoring Benefits Cash Flow: Trucking Partners purchases freight invoices providing motor carriers…