Freight Trucking Brokers

TransCore Partners with Advance Business Capital to Expand Factoring Services: Adds Broker Factoring Products for QuickPay Options along with Recou

PORTLAND, Ore. (Business Wire EON) November 8, 2007 -- Transportation carriers often wait for payment from 30 to 60 days while load providers process invoices. Smaller carriers with limited cash reserves often need payment more promptly to cover driver payroll and operating expenses and for the security to accept additional loads. For growing carriers who need operating capital, factoring is a practical source of funds. Factoring arrangements are more flexible than traditional bank financing in regards to funding increases in sales volumes, since the primary consideration is the creditworthiness of the broker/shipper responsible for payment. Substantial cost savings may also be recognized as the factoring client can eliminate the need to establish its own credit, collection and accounts receivable departments.

"TransCore's alliance with Advance Business Capital is another in our series of financial service partnerships that demonstrate our commitment to providing integrated services that add value and differentiate our service. The use of applied technology in this important arena is specifically targeted to improve both the cost and effectiveness of working capital solutions to our transportation customers," explained David Schrader, TransCore's vice president of freight business services.

About TransCore and Advance Business Capital's Factoring Services

Once integrated into TransCore's freight-matching software, Advance Business Capital's additional factoring services will allow TransCore's customers more options to locate, arrange, and finance loads risk-free on one online platform. The new offering will also provide carriers the following benefits:

-- Endorsement - Special icons next to load providers' names ensure their guaranteed credit. If a load provider fails to pay the freight bill on a factored shipment, Advance Business Capital accepts the loss.

-- Convenience - One online platform eliminates toggling between software systems and redundant phone calls.

-- Online Monitoring - Carriers can monitor outstanding transactions in real-time with 24 / 7 online access to all account information.

Factoring can also be adapted for freight broker requirements. In addition to providing credit and collection services, the factor can assume responsibility for all carrier payments - under a variety of options and terms. In addition to administrative cost savings, many freight brokers have benefited from the added ability to attract and retain qualified carriers. By managing cash flow through factoring, freight brokers can develop quick pay and loyalty programs to attract and maintain quality carriers. Factoring is not just for carriers.

Factoring services for carriers can be customized to the company's fleet size. Non-recourse factoring programs geared primarily to owner operators and smaller fleets offer affordable solutions where the factor assumes all credit risks and advances the full invoice amount upon receipt of original invoice documentation. Larger carriers can benefit from variable-rate programs in which the factoring fees are automatically adjusted for increases in sales volume. Invoice documents and schedules may be scanned and transmitted electronically to further reduce expenses and provide same-day funding.

For more information on this program, visit www.loadfunding.com or call (866) 638-8700. For 3sixty information, visit www.3sixty.transcore.com

About Advance Business Capital

Founded in 2004, Advance Business Capital is the first and only factoring service designed by truckers for truckers. Located in the Dallas, Texas area, Advance Business Capital provides innovative factoring solutions exclusively to For-Hire truckers and Freight Brokers and is the first factoring company to receive the P3 (Preferred Platinum Provider) endorsement from the Transportation Intermediaries Association. Clients are provided 24/7 online access to all account information, as well as its exclusive Online Broker Credit application where credit and authority information for over 46,000 freight brokers and intermediaries is monitored on a daily basis.

About TransCore

TransCore operates as a unit of Roper Industries, a market-driven, diversified growth company with 2006 revenues of $1.7 billion, a market capitalization exceeding $5 billion, and is a component of the S&P Mid-Cap 400, Fortune 1000 and Russell 1000 Indexes.

With products and installations in 46 countries, more than 100 patents worldwide, and pioneering applications of internet-based logistics technologies, radio frequency identification (RFID), and satellite-based asset tracking technology, TransCore's expertise is unparalleled in the transportation markets it serves. TransCore's GlobalWave Satellite Communications Technology Center, the hub for the company's SatCom research and development, is based in Ottawa, Canada, while manufacturing for both RFID and satellite communications is based at TransCore's Amtech Technology Center in Albuquerque, N. M.

For more information, visit www.transcore.com.

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