by Eric Krueger | Oct 26, 2023 | Blog, Cash Conversion Cycle, Cash flow, DSO, Freight Audit & Invoicing, Real-Time Analytics
Ask any executive in any industry and one of their primary goals is growth. The same goes for freight brokers and third-party logistics providers (3PLs). Even with all of the turbulence in the logistics industry, the logistics industry is still highly competitive and...
by Eric Krueger | Oct 10, 2023 | Blog, Carrier Satisfaction, Cash flow, DSO, Technology
We recently had the opportunity to sit down and have a discussion with Curtis Garrett. Curtis is the Senior Vice President, LTL at FreightPlus and also one of the premier experts on the world of LTL. We were able to speak about the future of logistics, some current...
by Eric Krueger | Sep 27, 2023 | Artificial Intelligence, Automation, Blog, Cash Conversion Cycle, Cash flow, Machine Learning, Technology
Artificial Intelligence (AI) and Machine Learning (ML) have revolutionized various industries, and the shipping and freight sector is no exception. As freight brokers and third-party logistics providers (3PLs) look to streamline their operations, many are turning to...
by Eric Krueger | Sep 18, 2023 | Blog, Cash Conversion Cycle, Cash flow, DSO, Technology
When it comes to growing your business, effective financial management can make all the difference. Two critical aspects that all freight brokers and third-party logistics providers (3PLs) should be focused on are optimizing cash flow and the cash conversion process....
by Eric Krueger | Aug 30, 2023 | Blog, Cash Conversion Cycle, DSO, Freight Audit & Invoicing, Real-Time Analytics
What Is DSO (Days Sales Outstanding)? Days Sales Outstanding (DSO) is the average number of days it takes a freight broker or 3PL to collect payment after invoicing a shipper for a completed load. A lower DSO means cash reaches the bank faster; a higher DSO means...
