Freight Logistics Inc, a freight broker in Medford, Oregon (MC # 452520), is lowering payment terms for all carriers from 15 days to 5 days. Specializing in flatbed freight, Freight Logistics has experienced a larger than normal decrease in the number of flatbeds currently operating. In addition, the number of carriers using factoring companies has increased exponentially.
Freight Logistics makes this shift in payment terms at a key time when the Weekly Credit Score Index increased to 31.04 average days to pay and the Market Demand Index continued to climb to 11.82, according to the Trans4cast Newsletter distributed by Internet Truckstop, LLC on April 12, 2010.
"With the recent economic climate, one of the few alternatives has been for trucking companies to rely on factoring which is extremely expensive," says Scott Engle President and CEO of Freight Logistics Inc. "Our new 5-Day Pay with no fee puts us in position to be the first choice for flatbed carriers wanting to increase margins immediately."
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