Uber Freight disrupts trucking industry by guaranteeing 7-day payments
--- Uber Freight is in the process of radically disrupting the U.S. trucking industry by eliminating standard 30-90 day delayed payment terms with a guaranteed 7-day driver payment... Uber Freight and its competitors like Doft, Convoy, and Transfix launched apps over the last eighteen months aimed at being more efficient than traditional logistics brokers in matching the 350,000 U.S. owner-operator truckers with shippers... But the biggest problem for independents and the 400,000 small trucking companies in the U.S., that operate an average of 6 trucks, has been the shippers’ terms of payment, which usually involve 30-90 days for payment terms or accepting a 10 percent factoring discount for quick cash... But the selling point for the new Uber Freight app is committing to making driver payments in 7 days...
(Photo: Uber Newsroom) -- Newport Beach, CAL, USA - The Bretbar Store, by CHRISS W. STREET - 5 Aug 2017Labels: trucking industry news USA, Uber freight
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