Interstate Capital’s Load Board Posts 50% Annual Growth in July 2014

Interstate Capital, a leading factoring and freight bill funding company, announced this week that its freight matching unit, Check Freight Broker, LLC d/b/a FreeFreightSearch.com (“FFS”), posted 50% year-over-year growth in July 2014. Launched in 2009, FFS.com has grown to become the world’s largest free transportation load board.

Transportation load boards, also known as “freight matching” sites, connect motor carriers with shippers and freight brokers through an on-line portal.  Motor carriers universally rely on load boards to search for freight in geographic locations where their empty trucks are located. FFS has posted over 50 million truckloads of freight and has registered over 30,000 members. In the month of July 2014, FFS received over 100,000 page views by members and site visitors and in excess of 7,500 new site visitors, representing annual increases of 51% and 50%, respectively, over the same reporting period in 2013.

Tony Furman, CEO of FFS, commented, “The growth rate of FFS has outpaced all our other business units in 2014, due primarily to marketing efforts intended to differentiate FFS from the costly subscription-based load boards and the ‘mom-and-pop’ boards.” FFS is a free site, supported 100% by advertisers.  Every other major load board requires subscriptions that are too costly for many new and small motor carrier fleets to afford. “FFS fills a void in the load board marketplace by targeting smaller carriers. Because they have lower overhead than large carriers, smaller carriers are usually willing to haul freight for less, which means more profit for shippers and freight brokers,” explained Furman.

FFS has set its sites on an aggressive expansion plan for its current fiscal year that began July 1.  “My goal for the coming year is to roll out a direct marketing campaign to integrate the 1,000 largest freight brokers in the U.S. directly with FFS, and to at least double the number of posted loads by June 30, 2015.  Our mission now is to increase load postings, and we make a very compelling case that every freight broker needs to post their loads on our site to maximize their exposure to small motor carriers,” Furman explained.

The site attracts over 7,500 new visitors per month, most of which are small trucking companies and owner-operators searching for freight. “We plan to exploit the value of our increased reach by adding more advertising and site sponsorship opportunities and increasing our ad rates this year,” Furman explained.Unlike other free sites; however, FFS does not make its membership list available to outside parties. FFS markets advertising and site sponsorship opportunities to insurance brokers, factoring companies, truck dealerships, truck repair shops, truck stops, leasing companies, tax preparation and bookkeeping services, freight brokers, truck accessory distributors and installers, software companies, and new and used trailer dealers.

In addition to being the world’s largest free load board, FFS is also the only load board with an optional integrated factoring platform. Motor carriers may find freight, obtain fuel advances, and obtain 100% payment upon delivery without ever leaving the site.  In addition, FFS provides all its members with unrestricted free access to over 10,000 freight broker credit reports.

FFS is part of the Interstate Capital Group of Companies. The Interstate Capital Group of Companies is a leading marketer of accounts receivable financing,  freight bill factoring, invoice factoring, fuel cards, freight matching, freight broker credit reports, load boards, property broker bonds, fuel advances, truck and trailer financing, freight brokerage and trade payable auction management. Founded in 1993, Interstate Capital has provided $ billions of funding for over 5,000 small businesses and trucking companies throughout the  U.S., Canada, and Mexico. Interstate Capital projects to purchase in excess of $1 billion of receivables annually within the next fiscal year, earning it the distinction of being one of the largest non-bank, privately-held factoring companies in North America.

Interstate Capital’s Load Board Posts 50% Annual Growth in July 2014

Interstate Capital To Provide IFA Factoring Companies Free Access to Credit Files

EL PASO, TX,  MAY 12, 2013 Check Freight Broker, LLC (“CFB”), owner of the world’s largest 100% free transportation load board and freight payment database, announced today it is providing select factoring companies free access to its credit files.   Effective June 1, 2013, IFA-member factoring companies may access CFB’s transportation payment database free of charge.  Until that date, enrollment is limited to motor carriers and freight brokers possessing active operating authorities.  Non-IFA member factoring companies are ineligible.

CFB is a wholly-owned subsidiary of Interstate Capital, one of North America’s leading transportation factoring companies.  CFB operates the world’s largest free freight matching site, CheckFreightBroker.com.  In addition to having posted nearly 25 million truckloads of freight, CFB provides registered site visitors access to its FREE transportation credit report database.  Tony Furman, CEO of Check Freight Broker, describes what makes CFB’s freight broker credit reports unique, “CFB’s credit reports display only our own first-hand collection experience encompassing millions of transactions with tens of thousands of freight brokers spanning over 20 years.  Unlike other transportation credit services that encourage the contribution of data from third parties, CFB does not accept any third-party data.  CFB Credit reports are updated in real time as Interstate Capital posts freight broker payments and uploads them to the site”.  Furman adds, “By providing free access to our credit database, we are hoping to reduce the cost of doing business for small factoring companies on a budget.”

CFB believes it will save most factoring companies thousands of dollars per year by providing them access to its free freight broker credit reports.  IFA-member factoring companies may register at www.checkfreightbroker.com on June 1st, 2013.

For additional pre-registration information:

Tony Furman, CEO

Check Freight Broker, LLC

(915) 525-2705

Interstate Capital To Provide IFA Factoring Companies Free Access to Credit Files