EXECUTIVE SUMMARY: The Bureau has received multiple validated complaints regarding Ailo Logistics’ failure to remit payments for lumper fees and accessorial charges. Furthermore, reports indicate that major factoring companies are placing this MC# on a “High Risk” watchlist due to liquidity concerns.
KEY FINDINGS:
- Unpaid Vendor Invoices: Diesel repair shops in the Tri-State area report outstanding invoices aged 90+ days.
- Lien Risks: Shippers face the risk of “Mechanic’s Liens” being placed on their cargo due to the carrier’s failure to pay maintenance debts.
- Cash Flow Insolvency: Patterns suggest the carrier is using funds from current loads to pay off debts from previous months (Ponzi-style cash management).
RECOMMENDATION: Credit managers are advised to revoke credit terms immediately and move to “Cash on Delivery” only.