Unpaid invoices can pose a serious challenge to the freight industry, negatively affecting cash flow and business stability. When attempting to collect overdue payments for services rendered, freight brokers and carriers frequently encounter issues. Collection agencies can step in to offer specialized expertise in recovering unpaid freight invoi
Freight Broker Payment Delays: How to Get Paid Faster
By facilitating communication between shippers and carriers and ensuring the smooth flow of goods, freight brokers play an important role in the transportation sector. However, delayed payments from brokers remain a recurring issue for carriers. These delays can affect cash flow, strain business relationships, and lead to operational problems. I
Receivables Recovery Roadmap: Brokers' Rights and Responsibilities
Unpaid bills can pose significant challenges for brokers in the freight industry, 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 explore the key facets of brokers 'responsibilities and