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Past due accounts… a very expensive reality

Past due receivables in United States and Canada are considerably high in the transportation industry, with an average cost between 2 to 5% of the total sales. In Mexico, it is even more expensive since the average is over 25% of the total sales. In addition to this, carriers need to cover operating costs in the recovery process; for example: legal costs, payroll, and the financial costs of idle capital.

Never overlook the fact that the cost of past due receivables is ultimately extremely high, one which often goes unnoticed. The additional costs of past-due receivables may rise 6 to 10% once all the costs involved in the recovery of your past due accounts are calculated.

Salvador Bañuelos

Sal is known internationally for the debt collection results he has provided to the freight transportation and import/export industries worldwide for the last 15 years. Author of "Credit and Collections in the Freight Industry Handbook" & "Credit & Collections Policy – Practical Guide”. He contributes to the industry with articles in the following leading magazines: T21 and Enfasis Logistica Contact him:  E-mail ,  Twitter ,  facebook,

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Copyright © 2020 AFS International, LLC. All rights reserved.