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
Staying Compliant While Resolving Freight Payment Issues
In the logistics and transportation sector, freight brokers act as intermediaries between shippers and carriers, which is a crucial role. 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 a
How to Minimize Risk in Freight Billing Processes
In the logistics sector, freight billing fraud is becoming more prevalent, putting a strain on the financial well-being and reputation of companies all over the world. Fraud is becoming more sophisticated as businesses navigate an increasingly digitalized freight environment, making it crucial for businesses to take proactive measures to safeguard
The Importance of Contracts Between Freight Brokers and Carriers
The relationship between brokers and carriers in the freight industry depends on reciprocal trust and clarity. The foundation of this relationship is a signed contract, which provides a framework for expectations, duties, and dispute resolution. In this article, we explore why signed contracts are crucial for freight broker-copyright partnerships
Recovering Freight Bills from Clients Who Refuse to Pay
Unpaid freight bills can cause significant financial strain for any logistics or transportation company's cash flow. It's crucial to have a strong plan for recovering these payments if you're dealing with outstanding receivables from freight bills. To ensure you're paid what you owe without unnecessary delays or conflicts, preventive and reactive