Probably not the right forum, but ouch that has gotta hurt. Good luck to Jeff Bryan Transport, all the best. They are up and running business as usual. Alot of hard work on a long weekend to get back up and ready for the start of the week. Hats off to them.
I've always know Jeff Bryan to be a really good carrier. Nice equipment, good group in the office... they always did what they said they would. But I know they had a fire... I heard they were mixed up with Double D (who I never had good luck with really) and today I get a letter saying that they're factoring.
Say what you will about factoring (I understand both sides)... but this is an established company and is sets off alarm bells and visions of cash flow issues in my small mind.
I guess factors will always be viewed negatively in the minds of many, but the flip side is that Jeff Bryan is/was clearly a good company with a good reputation and unfortunately fell on some bad luck. Only a factor can help such a company re-establish themselves and for that, I suspect they are grateful. I wish them well in their recovery.
For all the carriers that are trying to build or re-build their businesses, please consider the merits of factoring and dealing with a reputable firm. Used responsibly, it can help you succeed when all other doors are shut.