NEW MARKET TRANSPORTATION SERVICE INC

#

159150

NEW MARKET TRANSPORTATION SERVICE INC is a broker based in New York. Their MC Number is 159150. Invoices can be submitted via email at Invoicenewmarket@gmail.com. Their support line is reachable at +1 (845)-987-8888.

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Support
Easy to reach
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Broker payment terms
Direct deposit
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Mailed check
4 to 11 days slower
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Established in
FMCSA Profile
NEW MARKET TRANSPORTATION SERVICE INC
Business site
Book size
Small
Address
314 Rt 94 South
Warwick
NY
10990
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Last updated on
11/15/2024

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Terms and conditionsPrivacy policy
1
Outgo Inc is a financial technology company, and is not a bank. Banking services provided by TransPecos Banks, SSB, Members FDIC.
The Outgo Business Visa Debit Card is issued by TransPecos Banks, SSB, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted.
2
Accounts are eligible for pass-through deposit insurance only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. There may be a risk that pass-through deposit insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail.
3
Offer open to eligible freight carriers who are under active factoring contracts meeting the criteria below (“Qualifying Contracts”). Outgo will match the discount rate (also known as factoring rate) in the Qualifying Contracts for one year (“Rate Match Program”).  
Recourse contracts not eligible, rate match applies to discount rate only, and excludes banking, service and other fees. In the event that Outgo incurs costs to facilitate a buyout of a Qualifying Contract, eligible carriers may be required to pay a premium atop the matched rate for a “buyout pricing period” until Outgo has recouped the buyout costs. Rate match period effective for one year, begins upon Outgo contract signing or after conclusion of any applicable buyout pricing period, whichever occurs later.
To qualify, a contract must meet the following conditions
  • Contract is active and in force and verified as such by Outgo
  • Contract is for non-recourse factoring. A contract is deemed to be non-recourse if the carrier is not liable for counterparty default or financial inability to pay.
  • The contract may not include any of the following financial services (i) equipment loans, (ii) merchant cash advances
  • The following terms of the contract must be the same to be eligible: (i) 100% advance rate, (ii) $0 check processing fee (iii) $0 per invoice fee
To be eligible, a carrier must meet the following conditions
  • Carrier must be approved to factor with Outgo by completing its underwriting process. Approval is in Outgo’s sole discretion as per sections 3a and 3b of the Outgo Factoring Agreement
  • Carrier must have an average invoice value of at least $750 for all invoices submitted in the prior 30 days. Upon request, Carrier must provide documentation demonstrating this.
  • The contract may not include any of the following financial services (i) equipment loans, (ii) merchant cash advances
Offer valid in the United States only, from 11/18/24 to 1/18/25, does not apply to existing Outgo customers.  Outgo engagements under the Rate Match Program are subject to all Outgo Terms of Service, Instant payment agreements, and Outgo’s privacy policy, all located at Outgo.com/legal. 
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