Broker payment terms are written into the rate confirmation or the carrier-broker agreement. Two details decide the due date: what kind of days are counted, and what starts the clock.
Business days
Business days are usually Monday to Friday, without bank holidays. Five business days from a Monday delivery is the next Monday. From a Thursday, it is the next Thursday.
What starts the clock
Some terms count from delivery, others from receipt of a complete invoice with the signed rate confirmation and POD. Send the paperwork the same day you deliver so the two are the same.
An example
A load delivered on a Monday with five-business-day pay is due the following Monday. If the broker is five business days past that, ten business days have passed, about 14 calendar days from delivery. That is the time to send a firm past-due notice.
Follow up on a schedule
- On the due date: a short status check.
- A few business days late: a firm past-due email with the paperwork attached again.
- Well past due: a final notice naming the next steps, such as a claim on the broker's bond.
Our broker past-due tracker counts business days for you and writes the email.
General information, not legal, tax or financial advice.
This article is general information, not legal, tax or regulatory advice. Rules change; confirm current requirements with the responsible agency or a licensed professional.
