In the trucking industry, it is common to wait 30, 60 or even 90 days for customer payment. When you need cash to fuel your trucks, pay your drivers and grow, you don’t have time to wait for payment. Freight factoring is a common financing method trucking and freight companies use to speed up their cash flow.
If you haul for Total Quality Logistics (TQL) and want to speed up your cash flow, contact TCI Business Capital today about our freight factoring services. In as little as 15 minutes, we’ll get you approved for one of our factoring programs. Within 24 hours of submitting your invoices, you’ll have the cash you trucking company needs to operate and grow.
We also offer other value-added services such as collection services, credit checks on your new and existing customers, accounts-receivable management and fuel cards at no extra charge to you.
Total Quality Logistics (TQL) is a non-asset-based third-party logistics provider (3PL) that has offices throughout the United States. The company has made a name for itself by offering transportation services for commodities like steel, paper, lumber, plastics materials and frozen foods throughout the United States, Canada and Mexico. TQL also provides a wide range of services in load management, online shipment tracking, invoicing and payment solutions and advanced system integration.
TQL specializes in domestic freight transportation and logistics services. The company connects its customers to top-notch truckload, less-than-truckload (LTL) and other intermodal shipping options through carriers that have the capacity to handle their needs. In order to meet the high demand for this service, TQL works with more than 60,000 carriers. This approach has made the transportation of commodities more efficient and has made a huge impact on the local economy. In fact, it is such a player in the regional logistics and transportation sector that it has now become the second-largest freight brokerage firm in North America.
This company cemented its success through employing an interesting mix of quality service provision and cutting-edge technologies. Today, it has more than 4,200 employees deployed in at least 20 offices across America. It also generates estimated gross revenues of just over $2 billion per year.
Ken Oaks worked as a produce shipper in Ohio for a number of years. His prolonged tenure exposed him to dissatisfied clients who were unhappy with the poor service and lack of integrity that defined the transport industry at the time. Oaks harbored the same frustration, and this pushed him to start his own company in 1997. The new firm was called Total Quality Logistics and it was established in Cincinnati, Ohio.
For over 20 years, the firm has set itself on a mission to revolutionize the transport and logistics industry in North America. It has done so by making its services available to customers and carriers around the clock. This approach has spurred on the company’s organic growth to impressive levels, turning it from a small start-up to one of the top brokerage firms in the nation.
Today, TQL is one of the biggest private companies in Cincinnati. It is also one of the largest employers in the city, positively shaping its economy and the livelihoods of its people.
Total Quality Logistics’ core business is freight brokerage. This means that the firm connects a shipper who needs to transport goods with an authorized transporter or carrier that can provide the service. Freight brokers are important intermediaries in the transport industry because they leverage their knowledge, contacts, technology investments, and human resources to help both the carrier and shipper succeed.
The very nature of this business allows TQL to operate without an asset base. This significantly cuts down on expenses such as maintenance and operational costs. It also allows it to operate a multi-billion dollar business with significantly fewer employees than other companies of a similar size. Despite this, TQL plays a vital role in the movement of cargo and provides an important service to shippers and carriers alike.
TQL makes its money from commissions. Every time the company helps carriers fill their trucks, they earn a commission. On the other hand, shippers get a chance to work with reliable carriers that they otherwise might not have known. In fact, many such companies use freight brokers to handle all their transportation and logistics needs. The number of people willing to pay for such convenience is staggering, which explains why TQL has found such immense and lasting success.
Furthermore, TQL is able to provide fast and efficient service because of its significant investments in cutting-edge technology. In fact, TQL was the first freight brokerage to introduce mobile tracking applications to America’s trucking industry. A great example of this is the TQL TRAX and TQL Carrier Dashboard applications. However, it is the company’s core dedication to efficiency, integrity and world-class customer service that continues to propel TQL’s success.
Total Quality Logistics is a full-service 3PL company that operates in the United States, Canada and Mexico. It provides freight brokerage services for shippers and carriers throughout North America. Today, TQL operates offices in various locations, including: Austin, Chicago, Denver, Charleston, Indianapolis, Houston, Columbus, Tampa, Portland and Louisiana. The company’s headquarters are in Cincinnati, Ohio.
TQL works only with highly motivated individuals who have an intense drive to succeed. This ensures that it has a constant flow of new contracts while adequately servicing older ones. It cultivates an open, friendly and fun company culture, fostered by its Founder and CEO Ken Oaks, as well as its incoming President Kerry Byrne.
The company has won numerous awards and accolades over its long existence. These include Forbes’ “The Happiest Places to Work in 2017,” Transport Topic’s “#2 Largest Freight Brokerage Firms,” 2013 to 2016’s “Best Employers in Ohio” and the five-time Inc. 5000 Honoree among many more.
4289 Ivy Pointe Blvd.
Cincinnati, Ohio 45245