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• Brokers as Bankers: 4 Steps to Minimize Losses When Shippers Pay Late

  What happens when the shipper delays payment until after your carrier settlement is due? Brokers are getting stuck with a gap between receivables and payables and facing some unpleasant choices, according to Winston Aston, CEO of TransCredit. During this Read More... Posted Wednesday, November 04, 2009 1:26 PM by Editor | 0 Comments Filed under: TransCredit, broker credit, TMS

• Top Brokers “Lead With Their Wallets” to Preserve Carrier Relations

  “Freight broker failures have skyrocketed at least 74% in the past 12 months,” according to a front-page story in the September 21, 2009 edition of Transport Topics . The article quotes credit monitoring agency executives, who report that 66 brokers have Read More... Posted Wednesday, November 04, 2009 12:56 PM by Editor | 0 Comments Filed under: TransCredit, broker credit, TMS, freight broker

• 5 Ways to Fight Fraud and Improve Collections

  One June 29, two California residents, both Russian citizens, were sentenced on charges related to a double-brokering scheme that yielded $2.9 million over three years. Beginning in 2005, Nicholas Lakes and Viacheslav Berkovich of Los Angeles hacked into Read More... Posted Tuesday, August 04, 2009 2:31 PM by Editor | 1 Comments Filed under: broker tools, carrierwatch, risk management, 3sixty Freight Match, TransCredit, broker credit, transportation management system, broker insurance

• Good Credit Attracts Good Carriers

  A good credit score is invaluable for brokers and 3PLs who depend on commercial paper and other debt instruments to expand their business or just get through the month. But bankers aren’t the only ones monitoring broker credit. Carriers are watching, Read More... Posted Monday, October 13, 2008 4:39 PM by peggyd | 0 Comments Filed under: quick-pay, TransCredit, broker credit