As with many industries, temporary staffing agencies have faced a variety of challenges in recent years. The COVID-19 pandemic, more people working at home, and staffing shortages make it difficult to plan for the future. There’s also the looming possibility of a recession in the near future, if we’re not in one already. Let’s look at some strategic steps you can take to ensure your staffing agency prospers in any economic conditions.
Double Brokering and Freight Fraud: What You Shippers & Carriers Need to Know
“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. This
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.
Get Your Invoices Paid Faster With Business Services Factoring
Anyone who provides business services to customers relies on those customers paying their invoices promptly.
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.
Cash Flow Problems: Causes and Solutions
Many businesses experience cash flow challenges at one time or another. Any business that sends out invoices, which includes manufacturers, distributors, logistics, temp agencies, consultants,
and many other business services, are at risk for cash flow difficulties.
Let’s take a look at some of the common causes and solutions for business cash flow problems.
2023 Guide to Trucking and Transportation Industry Events
One of the best ways to keep up with the latest developments in the trucking industry is to attend live events and conferences throughout the year. These give you a chance to meet experts as well as other trucking business owners, drivers and everyone connected to the industry. Here is a guide to trucking industry events of 2023.