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Transport Clearings East (TCE) factoring: rates, fees and terms
A member-owned freight factoring cooperative that pays year-end dividends to member carriers.
Ownership: Member-owned cooperative, governed by elected member-carriers (since 1958, per TCE).
Go to Transport Clearings East (TCE)
What sets it apart
The only cooperative we found: carriers own it, so pricing is set to cover costs rather than profit, and members get year-end dividends. It publishes a starting rate under 2.20% with no setup fee, no monthly minimum and no long-term contract, but not the rate a small carrier should expect.
Published terms
| Rate | Our rates start under 2.20% |
|---|---|
| Advance | Not stated on the pages we read |
| Recourse | Offers both recourse and non-recourse structures |
| Contract | No long-term contracts |
| Monthly minimum | No monthly minimums |
| Transfer fees | Not stated on the pages we read |
| Other fees | No setup costs and no hidden fees; year-end dividends to members |
| Funding speed | Funding as soon as the next business day |
| Fuel | Not stated on the pages we read |
Monthly cost at the published rate
$10,000 a month: $220. $25,000 a month: $550. $50,000 a month: $1,100. Based on the published starting rate (best case). The "under 2.20%" starting rate, the best case. Rates for small carriers are not published. Per-invoice fees counted at a $2,500 invoice.
Carriers who want next-day funding and a share of the profits.
You need same-day funding; TCE states next business day.
Ask before you sign
- Under 2.20% is a starting rate; ask what your volume gets.
- Advance rate is not stated on the pages we read.
Go to Transport Clearings East (TCE)
Pages we read
Factors change rates and terms. If this is out of date, tell us.