New World Logistics Inc. - Mississauga
- Thread starter Jim L
- Start date
1
Payment received
I finally got paid after lots of hounding. It took them 147 days.
Always excuses about the cheque getting lost in the mail etc etc. Told me that it was in the mail two weeks earlier - never received. All of a sudden the chq showed up and it was posted 2 days earlier.
The same BS that everyone says when they're not getting paid.
I'm not sure but I think they are now double brokering US brokered freight. Becareful.
I finally got paid after lots of hounding. It took them 147 days.
Always excuses about the cheque getting lost in the mail etc etc. Told me that it was in the mail two weeks earlier - never received. All of a sudden the chq showed up and it was posted 2 days earlier.
The same BS that everyone says when they're not getting paid.
I'm not sure but I think they are now double brokering US brokered freight. Becareful.
1
hmmm their invoice is 120 days today....i guess i can expect payment soon then...almost 147 for us...lol
5
Saw this one coming when I heard that their front door to their office had the unit number marked on a piece of cardboard and taped to it....
I guess that would makes it easy to close up shop in a hurry.
I guess that would makes it easy to close up shop in a hurry.
Jim L
Hats off to you for posting not only the message
But all the information that takes the guess work
out of the posting
10
Quick pay
I see someone mentionned quick pay @ 6% . The larger US Carriers/ Brokers generally ask for 1.5% and payment in 48hrs. Landstar & CH Robinson for example.
Even 3% quick pay is somewhat acceptable. The 5% that many carriers have set as the new standard is really excessive but still legal because that bring the annual interest to 60%.
From what I remember from Economics and Introduction to Law in College may years ago, anything over the 60% is viewed as usurism and is illegal, at this point it becomes load sharking.
I see someone mentionned quick pay @ 6% . The larger US Carriers/ Brokers generally ask for 1.5% and payment in 48hrs. Landstar & CH Robinson for example.
Even 3% quick pay is somewhat acceptable. The 5% that many carriers have set as the new standard is really excessive but still legal because that bring the annual interest to 60%.
From what I remember from Economics and Introduction to Law in College may years ago, anything over the 60% is viewed as usurism and is illegal, at this point it becomes load sharking.