When increasing freight rates stir the entrepreneurial spirit, and new carriers enter the market, it doesn’t take long to realize that starting a business comes with back-office and financial pressures that distract from the core task of delivering loads. It’s not uncommon that as soon as new carriers obtain their Federal Motor Carrier Safety Administration licenses, they’re also shopping for a factoring company in which to sell their accounts receivables.
“Of the $600 billion freight industry,...