Running a successful logistics or freight business requires avoiding unpaid freight bill scenarios. Businesses must take proactive measures and establish robust practices from the beginning in order to reduce the risks associated with dealing with non-payment. Conducting thorough background checks on potential clients or freight brokers is the fo
Why Freight Brokers Struggle With Invoice Timelines
Unpaid freight invoices are more than just a nuisance; they have a significant impact on your business 'cash flow, operations, and overall 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 freig
Freight Factoring: An Alternative to Chasing Late Payments
Late-flight payments can affect carriers 'cash flow and pose logistical challenges. To maintain financial stability and strengthen client relationships, it is crucial to effectively collect overdue payments. In this article, we'll look at practical suggestions to speed up the collection process, cut down on delays, and lower the risk of future pa
Freight Broker Scams: How to Safeguard Your Business
Trust between carriers, shippers, and freight brokers is essential for smooth operations in the freight and logistics sector. Unfortunately, freight broker scams are getting more frequent, and they can cost businesses a lot of money. Scammers pretend to be real brokers, evade detection, and disappear with unpaid bills, leaving shippers and carrie