G&M Virk
- Thread starter Longhood
- Start date
How ironic. They were doing a load for me today and demanded 30 net terms and with their factoring company, lol. Thanks for this info!
He did pay me the next day after I started collections but it makes me mad when people want to be the big broker moving everyone’s loads but don’t have the money to float it. If you can’t pay net 30, play within your means. I’ve seen their trucks on the road, scabby equipment and clueless drivers. They are on the DNU list as a carrier.
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There is a lot to be said about people staying in their own lane. Many carriers aren‘t setup up properly to operate even a small brokerage operation. In most cases, all of their cash flow is earmarked for wages, fuel, insurance, maintenance and finance payments. When a bill from another carrier comes in to be paid, it inevitably gets shuffled to the bottom of the payables file as all the other operational items require immediate attention. There are many that can do it right, but as we see on this site every day, there are many more who can’t.
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Yes but same can be said for brokers. Not all are as well established and have the cash reserves you do up to and probably including yourself back in the day. We have all be cash poor at times it happens usually Christmas time you all seem to forget how to write a cheque.
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You are absolutely correct. However, my point was carriers have lots of “mouths to feed” whereas a freight broker, after wages, rent and a few assorted other expenses, only has his own “mouth to feed”. The brokers who have difficulty keeping their payables current, are probably stuffing too much into their own mouth, or they are dealing with too many of their own slow paying customers. I know we have had this discussion before, but “back in the day” carriers were much more strict on how much credit they would extend, especially to a start up freight brokerage. Seems that some of the current crop are much less restrictive about who they will work with and how deep they are willing to go into debt. Bad business management?, desperation?, greed?….any number of reasons, none of which are good.
Hi, I checked my system but there was no record of us working with TB Trucking ever. Could you send me the rate sheet or invoice number for what load you did for us ?
Hi,
Our standard payment terms are 45–60 days. We also offer a quick payment option.
Additionally, we would like to clarify that we have never worked with TBT Trucking and have never had any payment-related issues. We have not received any load tenders from them despite requesting the same. Any claims suggesting otherwise are inaccurate, and we believe they may be the result of false or misleading information.
Please feel free to reach out if you require any further clarification.
Hello TBTrucking:
We would like to clarify that we have never worked with your company and have not completed any loads for you. We have previously requested load tenders from your side; however, we did not receive any response.
If you believe there has been a misunderstanding, please send us an email with your company details and any relevant documentation so we can identify who you are referring to.
We kindly request that no false or misleading information be posted. If you have any concerns or questions, please contact us directly by phone or email so the matter can be addressed appropriately.
Thank you for your cooperation.