Archives
Business, Freight News
Keep your cash for longer
[ November 25, 2014 // Chris ]US Bank is expanding its freight-payment trade finance service into Europe. Through its Brussels-based subsidiary, Elavon Freight Payment, the bank will allow shippers to hold onto their cash longer while accelerating payment to their carriers. This, it says offers carriers a cost-effective alternative to factoring and other financing options commonly used in Europe today. The new trade finance tool is the first solution of its kind on the Continent, adds US Bank.