Freight Trucking Brokers
NEWS BRIEF -- TransCore's DAT Network Brokers Earn Top Marks for Credit Scores : High scores on 3sixty FreightMatch and DATConnect.com increase cas
PORTLAND, Ore. (Business Wire EON) October 1, 2008 -- Carriers searching for freight loads with TransCore's online freight matching services can likewise expect reliable and timely payment. Brokers on TransCore's DAT Network issue payment within 28 days on average and 64 percent offer quick-pay to carriers. This rapid payment improves cash flow for carrier companies.
"TransCore's number one priority is to help customers operate successfully and profitably, especially in a tight economy," said David Schrader, TransCore's senior vice president for operations Freight Business Services. "In an industry of unknowns, our customers can rest assured that our load board is monitored to ensure that participants have solid reputations and a history of timely payments. With several thousand brokers in our system, an average credit rating of 93.1 from a trusted third party speaks volumes about the quality of our customers and TransCore's commitment to serving them with integrity."
TransCore's 3sixty Freight Match and DATConnect.com (www.datconnect.com) have roots in the truck stop load boards established 30 years ago to help carriers optimize the use of their trucks and trailers. Those early load boards led to the development of the nation's premier freight matching services, which offer essential tools to move freight loads, evaluate business partners, determine routes and manage a range of business processes. TransCore's products and services help carriers, brokers and shippers to develop mutually beneficial relationships, optimize use of resources and mitigate business risks, thereby increasing efficiency and profitability.
TransCredit's scoring system is based on a variety of commercial credit data sources, including Dun and Bradstreet, and is adapted to reflect the unique requirements of the transportation industry. The scores measure corporate risk based on the brokers' length of time in operation, financial strength, payment trends, size of business and collection activities.
About TransCore
TransCore is dedicated to driving inefficiencies out of surface transportation through innovation, utilizing our expertise in systems integration, design consulting, operations, maintenance, manufacturing, enabling RFID and satellite communications technology, and our extensive Web-based logistics and transportation management systems.
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