Double Brokering and Freight Fraud: What You Shippers & Carriers Need to Know

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“Double brokering” is a type of freight fraud that occurs when a freight broker takes a load from a shipper and then brokers it to another carrier without the shipper’s knowledge or consent. ThisDouble Brokering and Freight Fraud leaves the original carrier out of pocket, as they have no way to get paid for the load they have moved.

Double brokering is a serious problem in the transportation industry, and it can cost shippers and carriers millions of dollars each year. In some cases, it can even lead to the collapse of businesses.  In Q1 2023, Truckstop.com, saw a 400% increase in double brokering complaints.

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Get Your Invoices Paid Faster With Business Services Factoring

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Anyone who provides business services to customers relies on those customers paying their invoices promptly.business services factoring However, many business customers require extended payment terms such as 30-60 days from time of invoicing, and others are not always reliable about paying invoices on time. Business services factoring is a way to stabilize your cash flow and receive payments on a regular schedule, at time of invoicing.

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Cash Flow Basics: What To Look For and How To Improve It

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Cash flow is a major factor for every business. The amount of money that goes in and out of your business is connected to your profits as well as your ability to meet expenses such as payroll.Negative Cash flow

What is Cash Flow?

Cash flow is the sum total of all the money moving in and out of a business. Cash flow can be broken down into two main categories, positive and negative. Positive cash flow includes income from sales and money earned from investments.

 

 

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How to Improve Your Business’s Financial Position

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How to Improve Your Business's Financial PositionGrowing your business as bank lending is tightening? Talk to one of our experts.

To make improvements on your company’s financial position, you have to assess every aspect of your business and identify areas that need improvement. There are many factors that determine your business’s overall financial state. There are also certain actions you can take right now that can give you better results.

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Alternative Financing Options for Small Businesses Post Silicon Valley Bank Collapse

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bank collapse and alternative financingThe failure of Silicon Valley Bank (SVB) in April 2023 has had a significant impact on new and small business loans. In the wake of the collapse, banks have become more cautious about lending, and many have tightened their lending standards. This has made it more difficult for new and small businesses to obtain financing, and has led to a decline in lending activity.

The impact of the SVB collapse on new and small business loans is likely to be felt for some time. As banks continue to be cautious about lending, it is likely that the supply of credit will remain tight. This could make it difficult for new and small businesses to grow and expand, and could slow the overall economy. Read more