Interstate Capital Re-Brands World’s Largest Free Matching Site

EL PASO, TX APRIL 14. Interstate Capital, one of the largest independent funders of truckers in the U.S., revealed today its plan to re-brand it subsidiary, Check Freight Broker, LLC, better known in the transportation industry as “CheckFreightBroker.com” (“CFB”).  Effective immediately, the CFB brand will be co-branded, FreeFreightSearch.com.

Tony Furman, CEO of CFB explains, “In 2009, the CFB brand became synonymous with transportation credit reports for truckers.” As the business expanded into free freight matching, gradually the CFB name became obsolete. “I would estimate than 90% of our members currently use the site first and foremost, to find freight for free and secondarily, to ensure they’ll get paid by freight brokers,” Furman added. “Just three years ago, it was the other way around.”

To avoid confusion among its over 16,000 members and the rest of the transportation community, CFB will not immediately drop that identity, but site visitors will notice the the CFB identity along-side the  FreeFreightSearch.com branding. Eventually, when the co-branding campaign is complete, Furman plans to drop the CFB identity completely.

Furman attributes the site’s growth to truckers becoming smarter comparison shoppers. In 2011, CFB launched a sister site, CompareLoadBoards.com, to make comparison shopping easier for truckers.  At the time, trucking companies were paying many thousands of dollars to access competing, larger freight matching sites (“internet load boards”). They still do–a fact that provides Furman with fierce resolve to educate the trucking community about free load boards.  CompareLoadBoards.com illustrates the differences among load boards through use of an easy-to-understand comparison chart.  Furman claims, “The side-by-side comparison chart featured on the CompareLoadBoards.com site drives truckers to the CFB site by the thousands.”

“One of the most frequently asked questions is, ‘How do you make money?’ New site visitors are weary about being ripped off or eventually being charged to access the site’s premium features,” Furman explains. “Our biggest challenge is convincing truckers that it’s no scam. Our business model works because it’s free, not despite it. Our site is 100% advertiser supported, just like Yahoo, Yelp, and Facebook. We make money because our advertisers make money. Our advertisers count on us to deliver a growing, targeted, niche audience–and we do. It’s all about building user engagement on the site and building site metrics. We do that by providing access to all our valuable features for free,” he added.

By contrast, other major load boards charge their members thousands of dollars to access their sites. While some of the other major load boards boast larger membership rolls than CFB, its 16,000 members have searched over 40 million truckloads of freight and visit over a million of the site’s pages annually, making it by far the world’s largest free load board. CFB projects it will have over 25,000 registered members in 2014. According to Furman, CFB is in its infancy and still only scratching the surface of the free freight matching market after nearly five years in business.

CFB is a wholly-owned subsidiary of Interstate Capital, a leading transportation factoring company that has provided $ billions of funding for over 6,000 motor carriers, freight brokers, wholesale distributors, manufacturers, and services businesses for over 21 years. Interstate and affiliates maintain offices in El Paso, Texas, New Mexico, California, and Arkansas.

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Interstate Capital Re-Brands World’s Largest Free Matching Site

Interstate Capital Announces 23 IFA Factoring Companies Registered To Use Free Credit Report Service

EL PASO, TX February 18, 2014 Interstate Capital President, Tony Furman, announced that 23 factoring companies have signed up for its free credit reporting service offered by its subsidiary, Check Freight Broker, LLC.  (“CFB”).  Interstate Capital is a transportation factoring company formed in 1993 that funds nearly $1 billion per year of freight bills annually for thousands of motor carriers.  In May 2013, Interstate announced a program for factoring companies seeking to reduce credit expenses by providing them with free unlimited access to its proprietary database containing Interstate’s first-hand collection experience with tens of thousands of freight brokers.  Interstate Capital’s database contains millions of transactions spanning over 20 years. Since announcing its availability, 23 factoring companies have enrolled in the free program.

Interstate’s collection histories with freight brokers are published in searchable freight broker credit reports on CFB’s website,  CheckFreightBroker.com, the world’s largest free freight matching site (load board). Internet load boards, also known as freight matching sites, are used by thousands of truckers to find freight in locations they have empty capacity. Available freight is posted on load boards electronically by shippers and freight brokers seeking trucks with excess capacity.

Most load boards charge subscription fees to access their sites, in some cases, thousands of dollars per year.  CFB uses an advertiser-supported model, so site access is 100% free for registered members.  CFB has posted over 40 million truckloads of freight and has over 15,000 registered motor carrier members.

Among CFB’s many features is free unlimited access to Interstate’s extensive collection experience with tens of thousands of freight brokers. Interstate Capital is the only factoring company known to share valuable proprietary collection data publicly with its peers and motor carriers, 100% free of charge.  The only eligibility requirement a factoring company must satisfy is that it be a member of the IFA, an industry trade association that counts hundreds of factoring companies as its members.  CFB does not request or accept credit or collection data from third parties to ensure 100% control over the accuracy and timeliness of data displayed on the site.

Interstate Capital Announces 23 IFA Factoring Companies Registered To Use Free Credit Report Service

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