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 to reduce the risks associated with dealing with non-payment. Conducting thorough background checks on potential clients or freight brokers is the key to prev
Why Freight Brokers Delay Payments: The Cash Flow Problem and Solution
Fragmentation and communication between carriers and shippers is a crucial part of freight brokers 'role in maintaining the smooth flow of goods across the supply chain. However, delayed payments are a common issue in the freight industry. Many freight brokers experience payment delays, which are frequently brought on by cash flow issues. Carrie
The Cash Flow Equation: Calculating the Impact of Unpaid Freight Bills for Brokers
Maintaining healthy cash flow is essential for continued operations and growth in the complex web of freight brokerage. Unpaid freight bills can, however, have a significant impact on a broker's financial stability, leading to a series of issues that impact the entire company. We examine the underlying causes, ripple effects, and strategies for m