Relay Payments is to start offering a freight payment option specifically targeted at brokers called RelayDirect, the company said Oct. 17. RelayDirect allows brokers to automate their carrier and ...
The Federal Motor Carrier Safety Administration has published a final rule tightening financial responsibility requirements for brokers and freight forwarders in an attempt to cut down on fraud and ...
A significant drawback of establishing motor carrier authority and relying on brokers -- particularly brokers with whom you have only scant history of doing business -- is the risk of nonpayment.
Integration delivers automated payments, faster carrier funding, and a cleaner workflow for brokers who want a single system process. Carriers expect transparency and speed when it comes to payment.
The "fraud apocalypse" continues to ravage the trucking industry, with brokers particularly feeling the pain and left explaining to their shipper customers just where their freight went and on whose ...
Double-brokering freight fraud is a major concern for shippers, carriers and logistics providers worldwide, costing the industry around $100 million per year. This type of fraud occurs when a freight ...
The freight brokerage industry, once driven by venture capital funding, is grappling with a changing financing landscape and liquidity challenges. Brokers who borrowed against accounts receivable (AR) ...