It is crucial to recognize warning signs that a freight broker may be financially unstable in order to safeguard your company from potential losses and ensure smooth operations. Irregular payment behavior is one of the primary indicators of financial instability. Late payments, frequent requests for longer payment terms, or partial payments may
Freight Payment Security: Key Practices for Carriers
Running a successful logistics or freight business requires a crucial component of avoiding unpaid freight bill scenarios. Businesses must take proactive measures and establish robust practices from the beginning in order to reduce the risks associated with dealing with non-payment. Conducting thorough background checks on potential clients or f
Top 5 Things to Check Before Signing a Freight Broker Agreement
In the logistics and transportation sector, freight broker agreements are significant documents. They list the terms and conditions that freight brokers must adhere to in order to arrange transportation between shippers and carriers. By clearly defining their rights, obligations, and liabilities, these agreements are intended to protect all part