Effectively managing freight payment terms is crucial to maintaining a healthy cash flow and fostering strong business relationships in the logistics sector. The key to avoiding conflicts and ensuring timely payments is establishing clear, mutually agreed-upon payment terms. It becomes simpler to manage transactions and keep a steady financial f
What Logistics Professionals Should Know About Billing Fraud
In the logistics sector, freight billing fraud is becoming more prevalent, putting a strain on the financial well-being and reputation of businesses 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 safeguard
How to Avoid Common Freight Broker Payment Delays
By facilitating communication between shippers and carriers and ensuring the smooth flow of goods, freight brokers have 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 issues. In