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Wednesday, June 15, 2011
Freight Brokering is a cash business
You need much more cash than you think you will. Your shippers will be slow pay or no pay, and you have to pay the drivers in 30 days or less or be reported. That means you will be financing your shippers' freight to market -- plan for that before you start. One of the advantages of agency is the main company is the bank.
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