The collection of outstanding freight receivables is a crucial step in maintaining 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 effective action to address overdue accounts. Reviewing the terms of the agreement with the custom
How to Reduce Payment Disputes with Carriers as a Freight Broker
Fragmentation disputes between freight brokers and carriers can cause financial strain, disrupt business relationships, and cause delays in shipments. Freight brokers frequently find themselves in the middle, trying to balance the needs of shippers and carriers with ensuring smooth payment procedures. Freight brokers can avoid disputes and mainta
Broker's Guide to Unpaid Bills: Rights, Remedies, and Responsibilities
Unpaid bills can present a significant challenge for brokers in the freight industry, negatively affecting cash flow and profitability. Brokers must understand the rights and responsibilities that come with collecting unpaid bills while maintaining their level of professional integrity. In this article, we discuss the important facets of brokers