Oilfield industry demands for frac sand haulers are increasing. While it can be tough to run a business in the oilfield industry due to changing demands and oil prices, there are many benefits to being a frac sand hauler. At Oilfield Factoring, our funding expertise stretches across the entire oil and gas industry. That’s why we’d like to provide you with the following top three benefits of owning or working for a frac sand hauling company.
Top Benefits of Frac Sand Haulers
Great Pay
In the oilfield industry, fracking has become an innovative way to capture otherwise unattainable oil reserves. A crucial part of the fracking process is frac sand. In fact, the expected frac sand demand growth is an estimated 2.5 million tons per quarter over 2018-2019 and-could-lead-to-efficiency-gains-in-the-permian-basin World Oil. Furthermore, there is an incredible amount of growth in the oilfield industry that has created a large influx of new jobs, especially frac sand haulers.
With an ever increasing demand for drivers, wages for frac sand haulers have steadily increased. Equally important, the average annual salary for a frac sand hauler that operates for a service company is around $67,000. Furthermore, the average salary for owner-operated drivers is nearing $200,000.
A Change In Scenery
Being an owner or a driver of a frac sand hauler company provides you with the opportunity to travel the United States depending on the needs and demands of your clients.
Job Security
According to the , a 6% increase is predicted in employment for drivers in the trucking industry from 2016-2026. This means that there will be more than 108,400 new jobs created by the year 2026. Companies like frac sand haulers will continue to experience demand for safe drivers, thus increasing job security. Keep in mind that nearly 70% of all consumer goods in the America economy are transported by trucks. The need for the trucking industry is here to stay.
Grow Your Frac Sand Business With Oilfield Factoring
The demand for frac sand haulers is increasing exponentially. However, without steady cash flow, you may miss out on opportunity to grow. Why? Many oilfield service companies take 30-90 days to pay invoices. This is where oilfield factoring comes in.
Oilfield factoring can speed up the slow invoice payment process from creditworthy customers. This will provide a company with the liquidity it needs to be able to meet its operational costs. Even more, oilfield factoring will provide your company with a predictable cash flow source which will enable you to focus on other important areas of your business rather than focusing solely on collecting customer payments. By partnering with a company like Oilfield Factoring, we can handle the hassle of credit checks, provide advances, and settle customer payment transactions. This also allows your customers to continue to pay their bills under their usual schedule.
If your company is in need of money to meet payroll, purchase equipment, and take advantage of important growth opportunities, get started today with our oilfield invoice factoring services. At Oilfield Factoring, we promise to help your business overcome the challenges you face in order to grow and succeed. Contact us at 1.866.834.7338 to get started and help your business run smoothly.
