Enclosed freight
Dry van factoring
The longest payment terms in trucking, on the most competitive freight. No contract, no minimum, and same-day pay on loads in by 11 AM CST.
Van carriers shop factoring harder than anyone, and the terms that look cheapest usually carry a minimum that makes them expensive. There is no monthly minimum here, no volume commitment, and no contract term, so the rate you are quoted is the cost you actually pay.
The cash cycle
Why dry van freight waits.
Dry van is the most competitive freight in the country, which means the margin per mile is thin and the tolerance for a payment delay is correspondingly small. It is also the segment most heavily intermediated: a large share of van freight moves through brokers, and broker payment terms are set by the broker.
That combination is unforgiving. A carrier running broker van freight at market rates does not have the margin to also act as a lender to their customers for thirty days, and the ones who try are the ones whose fuel card decides how far they can run this week.
Factoring is common on van freight for exactly that reason. What is less common is factoring without a contract or a minimum, which matters here because van carriers are often the most price-sensitive and the most likely to want the option of walking away. The terms are the same as everything else on this site: no contract to sign, no monthly minimum, no ACH fee, and you choose which customers you factor.
What rides in it
- Palletized general freight
- Consumer goods and retail replenishment
- Paper, packaging, and printed materials
- Non-perishable food and beverage
- Parts, components, and light manufacturing freight
Who pays the invoice
Manufacturers, retailers and their distribution centers, third-party logistics providers, and freight brokers.
This is what actually gets underwritten. Approval depends on your customer’s credit, not on your operating history.
Paperwork
What to send with the load.
Send all the paperwork related to the load. What that includes depends on the customer; these are the most common. Upload it all to the Smart Freight Portal.
Rate confirmation
The agreement with the broker or shipper, showing the load and the agreed rate.
Scale tickets
The weights, on any load that is weighed or paid by weight.
Bill of lading
Signed at delivery. It is the proof the load moved.
Not sure what a customer needs? Call and ask before you haul it.
How it works
Haul it, send it, get paid.
- 01Monday, 9:40 AM
Haul the load
Book it wherever you book freight. You choose which customers you factor, customer by customer. Nothing obligates you to send us all of them.
- 02Monday, 10:15 AM
Send the paperwork
Upload all the paperwork for the load to the Smart Freight Portal: usually the rate confirmation, scale tickets and bill of lading.
- 03Monday afternoon
Get paid the same day
Loads submitted by 11 AM CST, Monday through Friday, are paid the same day. Loads submitted after 11 AM are paid the next business day. The money lands in your bank by ACH.
Questions
Dry van factoring, answered.
Is there a monthly minimum?
No. There is no monthly minimum, no volume commitment, and no contract term. A month where you factor nothing costs nothing.
Can I factor some brokers and not others?
Yes. You choose which customers you factor and which you invoice yourself. Many van carriers factor the slower-paying brokers and handle the fast ones in house.
Get your dry van invoices paid the same day.
The application takes a few minutes and commits you to nothing. No contract, no minimum, no monthly commitment.