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Good News About Cash Flow (FleetOwner)
October 9th, 2009
Sean Kilcarr, FleetOwner
“While there is more accounts receivable stress than a year ago, our data suggests that confidence in sales may be starting to return. The increasing rate of payment yields more fluid cash flow for all stakeholders in the supply chain – cash that is so desperately needed to fuel organic business growth and a sustainable recovery.” –Jim Swift, president and CEO of Cortera
Here’s some really welcome data in time for the long holiday weekend: cash flow within the supply chain is increasing and is heading back towards pre-recession levels, according to data gathered by information firm Cortera.
While it’s certainly not time to pop any champagne bottle corks, this is a very positive sign especially for truckers, as faster payment of freight bills translates into monies to pay off equipment, fund salaries, and cover a myriad of other expenses.
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