In the 1980s, the deregulation of the freight industry - coupled with the emergence of new technologies, such as the internet and real-time tracking systems - propelled the industry into a new era, where freight factoring companies began to experience a boom.

Deregulation of the freight industry had a major impact on the growth of freight factoring. Before the 1980s, the industry was heavily controlled by the federal government. This meant that the carriers had very limited options for financing, and were often forced to take out expensive and inflexible loans from banks. However, as deregulation began to take hold, new avenues for financing and capital began to open up, allowing freight carriers to more easily access funds. This opened the way for freight factoring companies to step in and provide financing to carriers on a more flexible and affordable basis.

At the same time, the emergence of new technologies - such as the internet and real-time tracking systems - allowed freight factoring companies to offer more efficient and reliable services. These technologies made it easier for freight factoring companies to:

• Track shipments in real time
• Manage accounts with ease
• Ensure that carriers could access funds quickly, without having to wait for long periods of time

This enabled carriers to focus on their core business, rather than having to worry about dealing with financing.

These advances in technology and financing, combined with deregulation, helped to create a more competitive and dynamic market for freight factoring companies. This, in turn, led to a boom in the industry, as more and more companies began to emerge in a bid to take advantage of the opportunities afforded by the changing climate. As a result, the industry has become increasingly competitive, and freight factoring companies are now able to offer more competitive rates and services, helping to drive down costs for carriers.

In conclusion, it is clear that deregulation and technological advancements in the 1980s played a major role in the emergence of a 21st-century freight factoring boom. The combination of these two forces allowed freight factoring companies to flourish, by offering carriers more flexible and affordable financing options. This, in turn, has led to increased competition and lower costs for carriers, creating a more efficient and dynamic freight industry.