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Tag Archives: Trucking

Five of the most costly mistakes

These errors generate the most losses for any cargo transport and logistics companies. 1. Failure to resolve any dispute early on. It is very common to experience delays in receivables when the clients are not satisfied with the cargo transport services provided whether due to a delivery delay, merchandise damage or a dispute on an […]

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Past Due Accounts Checklist

”Where you find order, there is character”, said Doménico Cieri Estrada. You need both in order to recover your past due accounts.. Having a Past Due Accounts Checklist in your Accounts Receivables Department will bring the following benefits to you: – It provides clear and strong support to define your internal collections strategy. – It provides basis and foundation […]

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How to generate a profit from your past due accounts. Plus, recover your money faster.

Some of our clients profit from past due accounts that have been assigned with our Agency. What does this mean? The amounts recovered are higher than those originally invoiced even when collection fees have been charged on a contingency basis. Our clients receive more than what they originally had charged for their transport service, sometimes generating […]

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Past-due Accounts …the true cost.

In the trucking industry, past due accounts are considerably expensive. We must be aware that from the moment the customer does not pay within the agreed credit terms this account becomes an overdue account. Therefore, action should be taken accordingly.  In addition to the amount owed, your Company also has to cover the costs of operation in the recovery process, such as: legal costs, […]

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MAP-21: Through the back door

I would like to comment that after analyzing in detail the new law MAP-21, I noticed, what I consider to be a loophole in the legislation. This bill will allow freight brokers who do not have the resources to get their Surety Bond or Trust Fund on their own to adhere to other freight intermediaries […]

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