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Uncollectables, how much?

Discussion in 'Ask An Owner Operator' started by PowerWagon, Feb 27, 2013.

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  1. Feb 27, 2013 #1
    PowerWagon

    PowerWagon Medium Load Member

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    Sep 29, 2012
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    What percentage of your invoices do you eventually find uncollectable, and what do you do to minimize that risk?
     
    PowerWagon, Feb 27, 2013
    PowerWagon, Feb 27, 2013
    #1
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  3. Feb 27, 2013 #2
    VisionLogistics

    VisionLogistics Road Train Member

    1,551
    978
    Dec 8, 2011
    Jellystone
    0
    We don't deal with sketchy or new brokers / shippers unless they prepay the freight bill. The Landstars and CHR's pay on time, no fuss. It's been a couple of years since we've had to take a loss due to non-payment.
     
    VisionLogistics, Feb 27, 2013
    VisionLogistics, Feb 27, 2013
    #2
  4. Feb 27, 2013 #3
    PowerWagon

    PowerWagon Medium Load Member

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    Sep 29, 2012
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    How do you know if a broker or shipper is "sketchy"?
     
    PowerWagon, Feb 27, 2013
    PowerWagon, Feb 27, 2013
    #3
  5. Feb 27, 2013 #4
    VisionLogistics

    VisionLogistics Road Train Member

    1,551
    978
    Dec 8, 2011
    Jellystone
    0
    Credit report, days to pay (payment history), complaints, word of mouth, etc. Most of that data can be found on the larger load boards.

    We also check the net for angry carriers complaining about them, including here at TTR.
     
    VisionLogistics, Feb 27, 2013
    VisionLogistics, Feb 27, 2013
    #4
  7. Feb 27, 2013 #5
    PowerWagon

    PowerWagon Medium Load Member

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    Sep 29, 2012
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    :biggrin_25514:

    Networking at it's finest :)
     
    PowerWagon, Feb 27, 2013
    PowerWagon, Feb 27, 2013
    #5
    SHC Thanks this.
  8. Feb 27, 2013 #6
    SHO-TYME

    SHO-TYME Road Train Member

    3,425
    3,179
    Apr 20, 2011
    Dahlonega, GA
    0
    I transport cars, most of my stuff is COD, if I have a problem getting paid, I just threaten to put a lien on the vehicle, I get paid.
     
    SHO-TYME, Feb 27, 2013
    SHO-TYME, Feb 27, 2013
    #6
    dannythetrucker and SHC Thank this.
  9. Feb 28, 2013 #7
    dannythetrucker

    dannythetrucker Road Train Member

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    everywhere, man
    0
    It should ALL be COD !
     
    dannythetrucker, Feb 28, 2013
    dannythetrucker, Feb 28, 2013
    #7
    windsmith Thanks this.
  10. Mar 2, 2013 #8
    windsmith

    windsmith Road Train Member

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    Sep 2, 2011
    NEPA
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    What does uncollectables have to do with fish?
     
    windsmith, Mar 2, 2013
    windsmith, Mar 2, 2013
    #8
  11. Mar 2, 2013 #9
    PowerWagon

    PowerWagon Medium Load Member

    306
    2,912
    Sep 29, 2012
    0
    Ever tried collecting fish a few days stale?
     
    PowerWagon, Mar 2, 2013
    PowerWagon, Mar 2, 2013
    #9
    SHC Thanks this.
  12. Mar 2, 2013 #10
    SHC

    SHC Spoiled Rotten Brat O/O

    8,484
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    Feb 26, 2011
    Westville, IN
    0
    Are you brokering freight from Long John Silvers now??
     
    SHC, Mar 2, 2013
    SHC, Mar 2, 2013
    #10
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