Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The 1,000 largest U.S. companies by sales have as much as $590 billion of excess working capital tied up in unpaid customer invoices, suppliers being paid too early and inventories lying unsold on warehouse shelves, according to a recent 2004 cash flow survey by Purchase, N.Y.-based REL Consultancy Group. And Douglas Swafford, credit and collections manager at truckload carrier U.S. Xpress Enterprises Inc., can be thankful that at least his company’s contribution to this massive overhang has been sizably reduced.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.