Stop buying invoices with incomplete information.

Freight Waves recently highlighted a 70-year-old California-based less-than-truckload carrier that ceased operations Thursday, leaving over 200 truck drivers, warehouse workers and office personnel without jobs, paychecks and paid time off (PTO). The article goes on to highlight the red flags that appeared over the previous months leading to the ultimate closing of the business.

Tony’s employees said they saw the writing on the wall months ago that the company was in financial trouble and left after their hours were cut and the company’s mechanics’ shop and on-site fuel island closed. Tony’s Express had switched from direct deposit to issuing paper checks in the past few months. Several employees, mainly at the Stockton location, complained that their paychecks had bounced during this time, according to a source familiar with the situation. Some banks refused to accept a second paper check from the company after their first ones bounced.

WinFactor’s credit alliance is one of the most powerful tools to help you fight fraud and see these types of situations before they happen. Our credit alliance uses crowd sourced data and a sliding point scale to rate carriers, brokers and shippers as a buy, no buy or call first. With WinFactor’s credit alliance you get real-time insights to help you buy invoices with confidence.

Learn more about our credit alliance. 

See the full Freight Waves article.

WinFactor emerges as the undisputed leader in the realm of invoice financing software for transportation factors. With its comprehensive platform, including DocInflow and versatile invoice submission methods, WinFactor redefines efficiency, accuracy, and simplicity in the invoice financing landscape.

Ready to elevate your transportation factoring operations? Choose WinFactor and experience why it’s the preferred choice among industry professionals.