Why this matters to buyers
Buyers may face increased risks of non-delivery, financial loss, or legal complications when dealing with financially unstable or non-compliant freight brokers.
Recommended buyer actions
- Conduct enhanced due diligence on the financial stability and compliance record of freight brokers.
- Ensure contracts include clear terms for payment, liability, and dispute resolution.
Original source context
When most people think about transportation collections, they picture an agency making phone calls to recover overdue freight invoices. While recovering unpaid invoices remains the foundation of the business, today’s transportation collections industry has evolved into something much larger. Fraud, broker failures, double brokering, compliance issues and increasingly complex legal disputes have transformed collections into […] The post As Brokers Go bankrupt Transportation Collections Has Become About More Than Just Getting Paid. appeared first on FreightWaves.
Read the original report · FreightWaves