Regardless of their own credit scores, all carriers depend on the creditworthiness of an important customer group: freight brokers. Freight brokers with good credit are more likely to pay carriers on time, even if shippers are slow to pay the broker. That’s because high-performing brokers are adept at managing cash flow, and they understand the ...

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, too. Carriers know that brokers with good credit are more likely to pay on time, even if shippers ...

Obtaining a high credit rating—and being able to improve your days-to-pay score, or even offering “quick pay” services—is a critical part of the broker business. Yet if you’re just starting out as a broker or have a problem credit rating, that can be a difficult proposition, especially since many credit rating services require one or two years ...