When a company contracts with another company and refuses to pay monies due in a timely manner, it affects everyone in the chain, messing up cash flow for everyone involved. There does need to be a balance though. Everyone is falling in to similar situations now with the economy, I believe we are experiencing trickle down crapping. Yes, you heard it here first folks. Trickle down crapping. For a long time now, bigger companies have been paying in 45 or 60 days. If you wanted the business you had to become a slave to whatever terms or conditions they wanted, but now it is even worse, everyone seems to be running behind in paying freight invoices.

But let’s be clear, they must be paid, they need to be priority! Yes, there is a lot of competition in the transportation industry, which causes shippers to think that, they can not pay one carrier, and then move on to the next and so on and so on. But it needs to stop. There have been enough companies out there go under in the last couple years. Lets do what we can to stop it!

If you know of a shipper that is not paying freight invoices, or that is not paying charges and you’re fed up, post a report here.

If you know a broker whose bond has been canceled, dont let 5 minutes go by, get it up here so other people will know! We have many convenient options for posting, so, lets get the word out together!

Bad Business: Unpaid Freight Bills is a post from: Transportation Industry Reports