Shippers’ who utilize their freight payment firms for terms extension on their freight invoices may be in for a not-so-good surprise brought to them by the accounting standards experts.
For many years, certain providers in the freight payment industry have made significant revenue by using shippers’ credit to pay carriers quickly. The freight pay firm charges a rich discount fee to the carrier and keeps all the revenue for themselves while giving the shipper an extension of terms...
Read More
Posted by
Ross Harris
at Monday, April 27, 2020