Con-way Multimodal, the nationwide truckload brokerage division of Menlo Worldwide Logistics, announced the launch of an enhanced Quick Pay program aimed at meeting the administrative and financial needs of its carrier community. The new Quick Pay program provides carriers multiple payment options and schedules.
"In difficult economic times, it's more important than ever to offer carriers flexible compensation options that will help them manage their cash flow and administrative needs most effectively,” said Tyler Ellison, president of Con-way Multimodal. "Our new, improved Quick Pay program gives them that flexibility—with a rate structure that's extremely competitive.”
Under the new Quick Pay program, carriers can opt to receive payments through direct deposit, paper check or electronic funds transfer. Immediate pay is available for a 3% processing fee, and seven-day pay for a 2% fee. There is no charge for the standard 30-day pay schedule.
To participate in the program, carriers must complete and submit a registration form indicating their payment preference. Payments will be processed upon load delivery and receipt of required paperwork.
Con-way formally relaunched its truckload brokerage operation in August. It was previously known as Con-way Truckload Services. Con-way Multimodal continues to leverage the technology, customer relationships and purchasing power of the Con-way enterprise to provide shippers with a broad range of transportation and logistics services, it says.