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Tips for Collecting Unpaid Debts in the Transportation Industry

The logistics and transportation industry is essential to run most businesses, corporate houses, production houses, etc in one way or the other. After having to deliver shipments, transportation providers have to wait to collect their freight invoices. This can be frustrating for business owners especially when their customers are slow at paying or don’t pay …

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What To Do If A Motor Carrier Is A Victim of Identity Theft?

Identity theft in the transportation industry is becoming more alarming in recent times. Both motor carriers and brokers are victims of identity theft.  As a motor carrier, if you discover that someone is using your USDOT number without your authorization, you are a victim. Identity theft is illegal and in fact, a criminal act. It …

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How Can Interest/Late Fees Can Reduce The Need For Debt Collection?

Collecting debt from your buyers can often feel like playing a game of catchup and can have a large negative impact on your company’s bottom line. If your clients are consistently late in their payments, your company will suffer. The best way to make debt collecting less frustrating is to not need to do it …

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trucking and fees

What is Truck Detention & How Does it Affect My Bottom Line?

When it comes to the transportation & shipping industry, there are a variety of internal and external factors that can ultimately affect your bottom line. Aside from other factors such as bankruptcy, and non-payment, there are a few additional factors that can hold up shipments & cash flow. This blog will highlight Truck Detention & …

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transportation debt collection

What is Transportation Debt Collection?

Debt collection agencies are responsible for recovering any transportation-related debt that is owed to a creditor, shipper, or receiver. Generally, the collection process is simple and straightforward, but if your needs are related to transportation, a specialized approach is sometimes needed. Here is what you need to know about transportation debt collection. The Need for …

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What is the Difference Between Common & Contract Carriers?

What is a Common Carrier? A common carrier is essentially anyone and everyone that hauls cargo. This is not limited strictly to goods and products, but also for people, as well as livestock. If someone is interested in becoming a common carrier, aside from getting the necessary equipment to transport goods, a good start is …

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Freight Factoring in The Transportation Industry

The trucking industry keeps the nation’s economy humming by ensuring that goods are delivered when and where they are needed most. The transportation industry has over 7 million Americans employed in shipping, receiving, and is responsible for transporting trillions of dollars in products every year. What Is Freight Factoring? Truck or freight factoring is a …

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Tips For Successful Debt Collection In The Transportation Industry

Unpaid freight invoices. Possibly one of the most frustrating things for a business owner to deal with, as there is no telling when it will happen, and there is no saying if the invoice will be successfully recovered. While there are a variety of methods to take when it comes to collecting on an unpaid …

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