Brokers play a significant role in managing freight operations in the complex world of logistics. However, there may be times when brokers default on their obligations, which could cause disruptions in the supply chain. Handling these defaulting brokers requires a strategic approach, with clear communication as the pillar of an effective resolut

Any business can experience stress and difficulty dealing with a freight broker who doesn't make payments. In order to recover your unpaid receivables and safeguard your financial interests, it is crucial to act quickly and strategically. The first step is to gather all the necessary paperwork related to the transaction. This includes any commu

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 ecosystem, making it crucial for businesses to take proactive measures to protect the

In the transportation and logistics sector, freight broker insurance provides protection from a variety of risks posed by freight brokerage. Unsurprisingly, this kind of insurance does not automatically cover unpaid freight bills, which is a common misconception. The reality is more nuanced, making it important for businesses to comprehend the s

Late-flight payments can affect carriers 'cash flows and pose operational difficulties for logistics and carriers. To maintain financial stability and strengthen client relationships, it is crucial to effectively collect overdue payments. In this article, we'll discuss practical suggestions to speed up the collection process, cut down on delays,