freight audit

What it takes to streamline shipping operations and control costs

Millions of packages are shipped daily across the U.S. in a massively intricate web of supply chain ecosystems.

At the company level, shippers deal with highly complex supply chains of their own. For example, a retailer may send thousands of orders daily across the globe, and all of these orders have variable requirements that must be considered before products can ever leave a warehouse.

A shipper must consider factors like:

  • When does the shipment need to be delivered?
  • Is the product fragile?
  • Is...

https://www.freightwaves.com/news/what-it-takes-to-streamline-shipping-operations-and-control-costs

Check Call with Chris Cassidy: Making new Trax

people gathered around a desk of computers. Check Call news and analysis for 3pls and brokers

On this week’s episode of Check Call, Chris Cassidy, executive vice president of global sales and strategic partnerships at Trax Group, joins host Mary O’Connell to break down the future of freight audit and payment with sustainability.

Key quotes from Cassidy:

“Forty-three percent of transportation emissions are attributed to the transportation of goods and that’s what we do, we audit the transportation invoices. As we started to think about what we’re really after, being a quality- and...

https://www.freightwaves.com/news/check-call-with-chris-cassidy-making-new-trax

Transportation spend management proves critical in volatile market

Shippers often find themselves operating on razor-thin margins. This is especially true during times of extreme market volatility, like those seen during the coronavirus pandemic. Right now, every dollar matters, and it is important for companies to up their game when it comes to transportation spend management. 

It can be difficult to visualize where transportation spend is actually going. Carrier data is often complicated, disparate and incomplete, making it virtually impossible for shippers...

https://www.freightwaves.com/news/transportation-spend-management-proves-critical-in-volatile-market

Check Call: Don’t fear the audit

people gathered around a desk of computers. Check Call news and analysis for 3pls and brokers

Hot Take

Image: Memegenerator.net

It’s a word that can send fear into anyone, specifically accounting departments: audit. It’s the last thing you want, as it’s an arduous process that no one has time for. While an audit by the IRS is painful and tedious, that doesn’t mean you can’t make time to audit other things internally and less painfully. 

For example, freight invoices. Everyone has to deal with freight invoices and you can always trust carriers to bill invoices correctly every single time...

https://www.freightwaves.com/news/check-call-dont-fear-the-audit

Technology can help shippers navigate uncertain freight environment

The pandemic has made planning for 2021 extremely difficult for businesses, and shippers are no different. As they look to lock in capacity and rates for next year, several unanswered questions are complicating the process:

  1. Are we in a freight peak?
  2. Is COVID-19 driving rates artificially higher?
  3. Is this the new normal for freight rates?

Management from some of the nation’s largest truckload carriers spoke recently during the Stephens Annual Investment Conference, and the conclusion they have...

https://s29755.pcdn.co/news/technology-can-help-shippers-navigate-uncertain-freight-environment

New freight benchmark study brings shippers’ payment practices into the light

Silver truck parked in parking lot under blue sky

When it comes to freight audit and payment strategy, shippers don’t operate as a monolith. The Journal of Commerce (JOC) just released a freight payment benchmark study that brings urgent transparency to the payment practices of the shipper community. 

The study, “Driving Strategic Value Through Outsourcing,” written by Eric Johnson, senior technology reporter at the JOC, aggregates the responses of 77 shippers across all modes, nearly three-quarters of which generate $1 billion or more in...

https://s29755.pcdn.co/news/new-freight-benchmark-study-brings-shippers-payment-practices-into-the-light