Venn-Corp - Mississauga, ON

B

bigt

Active Member
Sep 3, 2010
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Venn-Corp, out of Toronto,On
Does any body have any credit history on them? load pending.
 
have them in our system, address is PA.. but also shows dba .. DM Transportation ?? load never did come through..
 
Always need to send them statements. Always skipping invoices. They pay, but a lot of work and staying on top of them. We deal with the PA office.
 
It used to be part of Traffic Tech but was spun off a while ago. They have themselves as legally headquartered in the US but it's the office up here that's the main one. One of our best guys ended up moving there about 9 months ago or so.
 
Go for it. they are associated with Traffictech. We have been working with them since last summer. They pay, usually within 45 days. They are no longer associated with DM and are located in the traffictech offices.
Make sure when quoting that you know that loading is sometimes a little long, depending which facility you are loading at. These are very specialized loads and usually cannot be transfered from one truck to the other
Trudy is great to work with too :)
 
Their remit to is, some where in Vienna,VA. But it is incorporated in Ontario.
 
Thanks every one for the information. We are doing this LTL shipment and will update.
 
We did some loads for them but I notice there was short payments on a couple of invoices, if you don't mind people that short pay without explanation than go ahead and book with them.
 
Just an update. Invoice 42 days. Account receivable called in and guy name Nick said Bibby financial will be paying. Talk to guy name Dominque who said yes, Bibby will be handling their AP and AR. They are still in the process of setting an account and will let me know regards payment, next week.
 
I also called them, and they hadn't looked at invoices outstanding from August .. she did say she will now approve them, (over the phone) and I also have to call Bibby next week and check on payment status ?? ..
 
What makes me angry is that, they are telling now when invoice is due that factouring company will pay.If we knew at the time of booking, we may have not taken this freight.
 
I have just received a call from Bibby Financial Services which will now be factoring the invoices for Venn-Corp. I called Venn-Corp and confirmed that they are in fact using Bibby. I also mentioned that usually we get the letter directly from the customer about their choice of using a factoring company, not getting contacted from the factoring company.
They advised me that Venn-Corp's leadership is ex-Traffic Tech employees who negotiated a separation. In fact Venn-Corp is renting from Traffic-Tech's building.
 
Bibby Financial Services factors only Canadian side of business..Venn-cop split form DM this year and Traffic tech last year. They have many loads, but such a hustle to collect...received check from Bibby Financial.
 
shows 75 days to pay here .. certain invoices I have had to contact VA. last payment received Nov/14 .. hope this helps ..
 
75 days? Do you mind confirming how many loads you did with them (10+ or more?)

That certainly isn't prompt....and quite over standard terms....
 
One of our clients, did work for Venn-Corp. It took over 90 days to receive payment on some of the outstanding bills. The payment was done in currency different as agreed on load confirmation. Venn Corp refused to admit liability for proper currency. We were forced to file a claim against their surety bond in order to collect difference for exchange.
 
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