Freight Factoring Arkansas

Freight Factoring Arkansas: Getting Started

Assuming your company is in Arkansas, you may have asked yourself, “where can I find freight factoring in Arkansas?” Let’s find out!

If you aren’t sure what factoring is or why it’s essential to your trucking business, I encourage you to learn more about recourse and non-recourse factoring so you can get a better idea of the capital purchasing power factoring delivers.

Why Search for Freight Factoring in Arkansas?

Arkansas is a crossroads state that allows for the intersection of Interstate 40 and Interstate 55. Combined with the massive freight hub of Memphis, TN, and rail yards on both sides of the Mississippi River, Eastern Arkansas has become home to many factories, both industrial and agricultural. It comes at no surprise since The Arkansas River and Mississippi River provide nutrient-rich alluvial soil for farmers. On the industrial side of things, Arkansas is renown for low-cost energy, which creates an ideal environment for factory production of goods.

Arkansas River Tugboat and Barge
Arkansas River Tugboat and Barge

With this perfect storm type of scenario in Eastern Arkansas, the demand for trucking is increasing every day, but there’s more to it than that. Arkansas is the home of Wal-Mart and J.B. Hunt in Northwest Arkansas. These two companies alone provide much of the United States with consumer goods delivered by truck.

Walmart and other freight brokers may have their trucks; still, there are many products they carry that are delivered by contractors and independent logistics operators, and the demand is growing. Many of these contractors will haul for vendors of Walmart or Walmart directly. As a result, lots of invoices created are in terms of Net 30, Net 40, and even further out. While the loads might be plentiful in Arkansas, sometimes having to wait for your payments can be a struggle. That’s where factoring in Arkansas comes in handy.

Freight Funding, LLC: The Solution

Freight Funding, LLC is a Jonesboro, Arkansas based business located conveniently off of Interstate 555. Our team of account specialists, combined with our leadership experience in freight brokering and logistics, provides valuable insight to help you make the best decisions as an owner-operator or fleet manager.

How much truckers make a year

How much truckers make a year, we take a look into the trucking industry from many angles and perspectives as well as how to prepare yourself to start a career of your own.

How much truckers make a year

It is well documented that all truckers make a lot of money. Independent drivers earn $21 to $28 an hour, full time. The average truck driver can make $60,000 to $100,000 per year. Compared to a 5% unemployment rate, more and more people are moving to where the unemployment rate is highest. Trucks drive where there is demand. Truckers are what makes this kind of trucking thrive. There is no industry like trucking, you either hit it big or you don’t.

How to get started

At the beginning of the journey is where you are, how much money you are making and what you need to do to work your way up. Because everything depends on trucking, it is always best to start off somewhere you know you can succeed. Move into a spot, hang out with other truckers, build a friendly network, mentor others, and educate yourself. You never know who you can meet. You never know where you can use your trade. It takes time to achieve success.

Truck driver Jann Cook took an unconventional approach to learning to drive big rigs. The CEO of Iron Bounty Marketing, Cook says it was life-changing. She took a job with The McMurray Corporation and just worked her way up from what she was doing. Now she is the CEO of her own company.

Follow these ten tips to get ready for success.

1. Start Your Trucking Career Now

You can’t spend a lot of time becoming a truck driver without spending time learning. After all, it is all about the basics. So before going to school, start by taking a basic truck driving class. If your school doesn’t offer it, take a refresher course online, and take the test at the end. Regardless of the test, do not skip it. Take it. Start right away.

2. Go to a Truck Driving School

The best part of the truck driving school is you will have live classes with live drivers. This means you will get behind the wheel with real drivers and be able to sit in and ride in a driver’s seat. Try to get a discount for doing this. Since you’re going to be taking classes and the test, it’s important that you get hooked up with an instructor. The driver might be your main contact, so it is all about making the most of this person. The instructor is at the training center every day, so do not miss him.

3. Test Your Driving

After you are in the truck driving school, take the written exam, practical exam, and follow-up test. It is all about testing yourself.

4. Get FMCSA Authority.

Without getting too far into the weeds on this, just realize that you will need a specific authority depending on what you decide to haul. There are numerous resources on this alone that we might set aside for a later post. For now, you can visit the government site for the Federal Motor Carrier Safety Administration to get started. If you want some more help with this part, contact us and we can show you the ropes.

5. [Don’t?] Work as Many Days as You Can

You want the time you put in to make it back, right? There are better ways to spend your time. If you are a full-time truck driver, your job is to just drive and get paid. You’ll be tempted to overwork yourself, but trust us on this, you’ll want some rest or you’ll burn out. Work as many days as you can, but don’t overdo it.

6. Make the Most of Your College/Formal Training

You can make a lot of money when you decide to do something you love. Take advantage of your training. You can improve your skills and become an even better driver. Make the most of it. You don’t want to have to go back to school later on to upgrade your skills.

7. Prove Yourself

Show other truck drivers you deserve to be a leader in this field. Make your fellow truck drivers see that you are a leader in this field. You want other drivers to see you and remember you. There are so many truck drivers in the world that would want to learn more from you. If you work hard and keep good trucking habits, you will be able to achieve success in this profession.

8. Network

You can start by creating a great network, and continuously invest your time and energy in people you trust. Do not think about truck driving as a career if people around you do not give you the same praise. The network is everything, and networking is how you build your confidence and your reputation. You’ll get better jobs in the long haul after you’ve achieved a great reputation and experience over time.

9. Learn to Ride the Truck

Get a feel for the truck. Let it do the work. You can wear yourself out trying to overdo things. Learn what the truck you’re driving likes and what it doesn’t. Every trucker makes their truck easier to drive over time as they become familiar with its capabilities.

How Much Truckers Make a Year: In Conclusion

Truckers can make anywhere from $48,000 to $100,000/yr depending on their skills. availability, and reputation. Starting out you’ll be in the $50k range but soon after building your reputation and network, you’ll begin to see a rise in your income. Getting to know good people with access to good load boards will pay off. Keep your head high and your goals higher.

If you have any troubles along the way, contact us and we’ll help as best we can.