The novel coronavirus (COVID-19) has overwhelmed the country in a matter of weeks. People are instructed to follow social distancing protocols, staying indoors and away from loved ones to avoid the spread of COVID-19. These measures have caused a higher level of panic and anxiety for Americans. Despite the country-wide nerves, good still prevails. Here are five good things that happened this week.
The Coronavirus outbreak is forcing a few changes at AFS. Beginning immediately, all of our staff will be self-quarantined and operate remotely. You should not experience any interruptions in our service to you, but please be aware that some procedures may take a little more time than they have in the past.
Because of the virus outbreak and other economic factors, all parties in the transportation industry, including carriers and the brokers you engage for loads, will struggle financially from time to time. Consequently, AFS must scrutinize debtors thoroughly when granting credit and thoroughly inspect documentation even more than we typically have in the past.
- Credit approval will be significantly more restrictive. We monitor your debtor’s pay trends regularly and any changes in payment activity will lead to less credit granted and fewer loads approved. This is for your financial wellbeing as well as that of AFS.
- Invoices will not be funded unless we have clean images, complete and accurate Bills of Lading, and appropriate, complete rate sheets.
- AFS will not advance funds on loads unless collectability is deemed to be good.
- Your funding will not be interrupted as long as you obtain proper credit approval in advance and submit clean and complete supporting documentation with your accurate invoices.
If you should have any questions, please do not hesitate to contact your Account Executive or anyone here at AFS.
Please be patient with AFS during this difficult transition period. We have always and will continue to operate in your best interest so that you will still have your funding as timely as necessary to keep you on the road!
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) issued a national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency relief in response to the nationwide coronavirus, known as COVID-19, outbreak.
As coronavirus worry spreads across the globe, the trucking industry and U.S. economy are facing uncertainty from several angles. There’s an oil war brewing. The stock market has seen its worst days since the 2008 financial crisis. Consumer spending is in jeopardy, which could affect freight rates. And there are growing concerns about how to limit human contact, which could hurt supply chains.