FreightWaves Staff
Friday, October 18, 2019
Brokers: Does it matter how you pay your carriers?
Payment visibility is a proven builder of carrier loyalty.
Payment visibility is a proven builder of carrier loyalty.
Manual processes may appear cheaper at first, but studies have shown that switching to automated accounting programs for account payables and receivables saves money in the long run, even for small operations.
When you run a trucking business that has weekly and daily bills such as salaries and fuel, but shippers pay at 30, 60 or even 90 days, ensuring you have the proper cash flow to maintain operations can be tricky. That’s why many owner-operators and smaller fleets have turned to invoice factoring.