In the transportation and logistics sector, freight broker insurance provides protection from a variety of risks linked to freight brokerage. It plays a crucial role. Unsurprisingly, this kind of insurance does not automatically cover unpaid freight bills, which is a common misperception. The reality is more nuanced, making it necessary for busi
The Truth About Freight Broker Payment Delays
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 constant issue for carriers. These delays can affect cash flow, strain business relationships, and lead to operational problems. In
How to Manage and Recover Unpaid Freight Bills Efficiently
Unpaid freight bills can cause significant financial strain for any logistics or transportation company's cash flow. It's crucial to have a clear plan for recovering these payments if you're dealing with outstanding receivables from freight bills. Preventive and reactive measures are taken to ensure you are paid what you owe without unnecessary d
Building Blocks of Business: Clear Contracts in Freight Operations
Clarity and precision are important in the fast-paced and dynamic world of freight transactions. A well-crafted contract that clearly outlines the rights, responsibilities, and expectations of all parties involved forms the basis for every successful freight transaction. In this article, we examine the value of concise and clear contracts in frei