Working with a transportation finance company can help new trucking businesses with timely payments to drivers, which improves the company’s credit and helps it attract the best drivers to haul freight. Bibby Transportation Finance (BTF) supported all the brokerage and transportation finance operations for Werner. With the ability to tailor products and make quick financing decisions for its clients, the company helped Werner surpass earnings estimates and maintain strong customer relationships.
“One of our biggest clients was slow to pay, but thanks to Bibby Transportation Finance, we were able to work with them and let BTF handle the billing across borders,” said Jones in reference to a South American client with shipping needs in the United States.
“The entire billing process was so smooth,” Jones continued. “As soon as we received a bill from a leased driver, it went straight to BTF, and they funded us immediately. They then followed up with our customers to secure payment.”
“Compliance with the Department of Transportation is the main concern of all trucking outfits,” said Jones. “Bibby Transportation Finance offers fuel tax reporting, driver log auditing and more to help us and companies like us stay on the right track.”