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We're not just a source of finances. We're a source of overall support. At the end of the day, our goal is to help truckers achieve success.
SALT LAKE CITY, UT, January 20, 2016 /24-7PressRelease/ -- The last quarter of each year entails a high demand of truck drivers, due to retail peaking from the holiday shopping season. Due to a recovering economy and greater consumer confidence, 2015 was especially an overload for the shipping and transportation industry. The Freight Transportation Services Index reported a high of 123.5 over the previous high of 123.4. With an increase in shipping requests, but a shortage of paid-on-arrival opportunities, Q4 often leaves truckers in a crunch for cash.
Continued increases in demand for freight services also increase the demand for transportation factoring from companies like CST Financial. CST Financial Services is a freight factoring company that has been providing trucking invoicing for 13 years. They offer factoring solutions to small businesses and owner/operators with the goal of helping them succeed.
The increase in freight deliveries that burden the shipping and transportation industry may seem a good thing for the trucking company since more demand usually means more revenue. However, more demand in the shipping industry means more expenses. Truck drivers do not usually get paid immediately after the delivery of the shipment. However, the driver may need finances to immediately refuel and engage in the next delivery, or to address maintenance and living costs. This is where CST Financial Services can help. They provide drivers the immediate payment they need for them to stay cash-flow positive.
About CST Financial Services
CST Financial Services offers a unique service called freight factoring, also known as receivable finance. With most drivers not getting paid immediately after delivery, yet they have already exhausted fuel and maintenance expenses, receivable finance is an excellent way of getting paid without having to wait weeks or months. Freight factoring works by CST Financial paying the driver and then collecting the delivery payment from the driver's customer later. This form of accounts receivable financing allows the truck drivers to stay cash-flow positive and continue to deliver goods without having to worry about how to finance fuel or maintenance expenses.
CST Financial Services' Office Manager, Kara Harris, says, "CST Financial Services is proud to be more than just a business. We are here to help small businesses and operators achieve success. We're not just a source of finances. We're a source of overall support. At the end of the day, our goal is to help truckers achieve success."
CST Financial continues to grow and help the trucking industry and other small businesses in their ultimate goals towards success. With year-after-year growth, CST Financial continues to prove itself to be the best financial partner the industry has. To find out more about CST Financial Services, contact 801-566-2028 or visit http://www.cstfinancial.com.
CST Financial has been providing freight factoring services to small businesses and owner-operators for over 13 years. Offering accounts receivable finance and trucking invoicing, CST is today's premium truck factoring company.
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