The collection of outstanding freight receivables is essential to running any logistics or transportation company's financial health. Delay-intentional payments can affect cash flow and negatively affect operations, so it is crucial to take action on overdue accounts quickly. Reviewing the terms of the agreement with the customer is the first st
Avoiding Freight Broker Payment Delays: Best Practices
In the logistics and transportation sector, freight brokers act as intermediaries between shippers and carriers. Issues can still arise when payments are delayed, which puts strain on carriers financially. To effectively manage your cash flow and safeguard your business, knowing how long to wait before filing for legal action is important. The co
Freight Broker Payment Delays: A Growing Concern in Logistics
In the logistics and transportation sector, freight brokers serve as intermediaries between shippers and carriers. Issues can still arise when payments are delayed, which puts pressure on carriers financially. To effectively manage your cash flow and safeguard your business, knowing how long to wait before filing for legal action is crucial. The
How Freight Bill Delays Lead to Driver Shortages for Small Carriers
Small carriers frequently encounter unique challenges in the freight industry, including managing tight margins and fluctuating operating costs. Unpaid freight bills, which have a significant financial impact on their operations, are one of the most pressing issues. This article examines the financial repercussions of small carriers 'unpaid frei
When to Call a Collection Agency for Unpaid Freight Invoices
Unpaid freight invoices are more than just a nuisance; they have a significant impact on your operations, cash flow, and overall business health. Moving past due payments makes them more likely to cause financial problems, and it makes it harder to recover owed money. In this article, we'll explain why prompt action is necessary for unpaid freigh