When a carrier’s customer files for bankruptcy protection, it starts a long legal process that can tie up payments for months or even years. If you are a trucking company working on already thin margins, that is money you may need to keep operating, say nothing for the uncertainty of getting paid for future loads. But, there are some simple steps any carrier or owner-operator can and should take to protect themselves and ensure they get paid. This infograph breaks down those steps. For more on what you should do: Visit FreightWaves’ Cash Flow Corner, sponsored by TriumphPay
Brian Straight covers general transportation news and leads the editorial team as Managing Editor. A journalism graduate of the University of Rhode Island, he has covered everything from a presidential election, to professional sports and Little League baseball, and for more than 10 years has covered trucking and logistics. Before joining FreightWaves, he was previously responsible for the editorial quality and production of Fleet Owner magazine and fleetowner.com. Brian lives in Connecticut with his wife and two kids and spends his time coaching his son’s baseball team, golfing with his daughter, and pursuing his never-ending quest to become a professional bowler.
14 mins ago
Commentary: Attempt to protect Chinese market share is basis of FedEx lawsuit against U.S. Department of Commerce
4 hours ago