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 pressure on carriers financially. To effectively manage your cash flow and safeguard your business, knowing how long to wait before filing for legal
How to Use Factoring to Protect Your Freight Payments
The foundation of relationships between carriers and brokers lies in freight broker agreements, which set the payment terms and conditions. Important clauses in these agreements can be overlooked or misunderstood, which could lead to delays in payments, disputes, or even financial losses. In this article, we'll examine the most important aspects o
Common Issues Leading to Unpaid Freight Bills
The movement of goods from manufacturers to retailers and customers is a key component of modern commerce. Unpaid freight bills, however, are one of the biggest issues in the freight industry. Unpaid invoices can have a significant impact on carriers 'and logistics companies' ability to sustain and expand their business. Businesses can take proa
Renting vs. Buying: Cash Counting Machines
A Step-by-Step Guide on Renting a Cash Counting Machine A cash counting machine can revolutionize businesses that deal with a lot of cash in a world where efficiency and accuracy are key priorities. These devices improve security, time saving, and efficiency. However, renting a cash counting machine can be a wise investment for many businesses.