Bibby Transportation Finance Announces Zero Transfer Fees
Nashville, TN - November 6, 2006 - In 2007, the Bibby Line Group is celebrating its 200th anniversary and bicentenary of serving industry. In recognition of this momentous milestone, Bibby Transportation Finance is announcing the launch of its Zero Transfer Fee program as part of its freight bill factoring service.
Any new client funded by December 31, 2006 will pay ZERO fees on the receivables transferred from their existing factor. It's EASY to register for this program. The trucking company simply receives and returns a signed factoring facility proposal by December 15, 2006.
Eric Hunter, chief executive officer of Bibby Transportation Finance, Inc., said, "When we launched Bibby Transportation Finance earlier this year as a dedicated trucking factor we stated that we would be looking for ways to make it easy for our clients to do business with us. Our Zero Transfer Fee program enables trucking companies to gain the benefit of our broad range of services and enjoy competitive rates without the impact of additional transfer fees."
Trevor Patching, chief executive officer of the Bibby Financial Services group of companies in North America said, "This is the first of a series of initiatives we are undertaking to celebrate the Bibby Line Group bicentenary and show that after 200 years of being in business we are still as innovative and client focused as when we were founded in 1807. We are continually striving to ensure that our comprehensive product range, tailored to trucking businesses, will be used by more clients by making it easy to change up to a Bibby Transportation Finance facility."
The Bibby Financial Services Group is a wholly owned subsidiary of The Bibby Line Group and has invested in a global network of 24 autonomous operating companies in the United States, Canada, Europe and Australia. In 2005 the Financial Services Group purchased more than $5 billion of receivables from more than 6,000 businesses worldwide.
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Notes To Editors
Bibby Financial Services is wholly owned by the Bibby Line Group, a business-to-business services group with interests in ship owning and operation, shallow water accommodation, oil field services, contract logistics and business finance.
Bibby Financial Services specialises in the provision of finance to small and medium sized enterprises across a wide range of industry sectors. Operating via a global network of 24 autonomous operating companies in the United States, Canada, United Kingdom, France, Ireland, Poland and Australia the group purchased more than $5 billion dollars of receivables and had more than 6,000 clients worldwide. Bibby Financial Services is the largest non-bank owned finance company in the United Kingdom and 4th largest receivables finance company.
Its sister division, Bibby Distribution Services, is the largest family owned logistics company in the United Kingdom. Bibby Distribution has over 70 operating centers, with several million square feet of warehousing space, employs over 2,600 staff with over 1,500 vehicles.
For more information on Bibby Transportation Finance, visit
For more information on The Bibby Line Group of Companies, visit www.bibbygroup.co.uk. www.bibbyusa.com www.bibbyfinancialservices.com
For further press information, please contact:
Bibby Transportation Finance
Tel: 630 493 3104