The management teams of National Elite Transportation, LLC and Interstate Capital jointly announce the formation of the National Elite Transportation (NET) Factoring Program for motor carriers. The NET Factoring Program was designed to provide NET’s motor carriers the most compelling reasons to haul freight for and obtain funding from National Elite Transportation. NET carriers that use its factoring program not only have priority access to NET’s best-paying freight, but also enjoy the benefits of fuel advances and full payment within as few as two hours following delivery during normal business hours. NET’s factoring program is open to all motor carriers–not just those hauling NET’s freight.
Dennis Baxter, Director of Logistics for NET, explains, “We have been eager to provide this popular service for our carrier base for a long time. We view it as just one more good reason carriers will choose to do business with National Elite Transportation. We chose Interstate to administer our funding program, because of their depth of knowledge, their technology, their reputation in the funding and trucking industries, and their ability to deliver and innovate new features not found elsewhere in the factoring industry.”
The National Elite Factoring Program will be managed from within National Elite’s Springdale office in northwest Arksansas, and will maintain a back-office operation at Interstate’s New Mexico operations center. The NET Factoring Program features:
-Priority access to National Elite’s best-paying lanes and freight
-Fuel advances for motor carriers when their trailer is loaded
-100% funding of freight bills in as few as 2 hours after delivery
-Funding from images via truck stop and in-cab scanning devices
-Fuel card program with huge discounts at the pump off
-24/7 free freight broker credit reports and load approval
-24/7 online account management & dedicated account executive
-Use the world’s largest FREE freight matching site to find freight, obtain fuel advances, and 100% payment within 2 hrs of delivery without ever leaving the site.
About the Companies
National Elite Transportation, based in Springdale, Arkansas, is one of the leading logistics companies in the U.S. and is a subsidiary of National Carriers of Liberal, Kansas. For over 40 years, National Elite has delivered thousands of loads, over millions of miles, quickly, safely and successfully for its clients.
Interstate Capital is one of the largest independent transportation factoring companies in North America. Formed in Santa Teresa, New Mexico in 1993, Interstate has provided accounts receivable factoring and financing for over 5,000 motor carriers and other businesses. Interstate factors approximately $.7 billion dollars of freight bills and invoices annually for thousands of motor carriers, from offices located throughout the southwestern United States. Interstate Capital is Dun & Bradstreet Rated, is accredited by the Better Business Bureau, and is a member of the International Factoring Association (IFA).