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Displaying Search Results Category: Freight Audit and Pay

Freight Audit and Payment Best Practices

Accurate and comprehensive data is the key to an organization’s success. Proper data enables a thorough analysis of systems and procedures within the business. This, in turn, leads to aligned strategic decisions that can boost the overall profitability and growth of the company. Thorough data, often found through auditing and analysis, helps answer the following […]

Date: July 10, 2017 Author: Heather Palmer Category: Freight Audit and Pay | Supply Chain

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Top Freight Audit & Payment Companies

Freight payment and audit is a necessary evil for businesses consistently shipping materials and goods. Companies who do not specialize in freight payment and audit may be leaving large amounts of potential savings on the table. That is why it is important to outsource freight audit and payment to a reputable third-party logistics (3PL) company. […]

Date: June 19, 2017 Author: Heather Palmer Category: 3PL | Freight Audit and Pay

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How Do I Choose A Freight Pay and Audit Provider?

Over the last two weeks, we’ve been outlining and explaining the complicated arena of freight pay versus freight audit. As you’ve discovered, there are vast differences between the two types of programs, but most providers do offer both services. Some providers will be better suited for one than the other but you can most definitely […]

Date: February 23, 2017 Author: Adam McDaniel Category: Freight Audit and Pay

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Freight Audit: What You Need to Know

The LTL industry is growing tremendously and freight audit is becoming a necessity for all companies as technology continues to progress. The higher the shipment count is for a customer the more vulnerability the company has to larger billing discrepancies from their carrier pool. Unfortunately, from LTX’s extensive data analysis, most carrier billing errors do […]

Date: February 15, 2017 Author: Adam McDaniel Category: Freight Audit and Pay | Supply Chain

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Freight Payment: What You Need to Know

Freight payment has become a very hot topic surrounding Manufacturing, Retail, Distributors, and e-Tailors alike. Shipment counts are growing as more people are buying smaller amounts of products more often. This has created an influx of transactions in the logistics industry, creating more need surrounding freight payment between the shipper and carrier. We’ve found here […]

Date: February 7, 2017 Author: Adam McDaniel Category: Freight Audit and Pay

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Benefits That Come With Transportation Management Services

Many shippers handle all of their own freight management services, from calling in pick-up requests, to auditing and paying their own freight bills. In our last article we discussed all the LTL Freight Management Solutions that an experienced 3PL can provide your company, at nearly no cost to you. But at the end of the day, […]

Date: January 26, 2017 Author: Heather Palmer Category: 3PL | Freight Audit and Pay | Reporting | Supply Chain | Technology

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Consolidated Freight Invoicing: What Is It and How Is It Beneficial?

Consolidated freight invoicing is a practice often overlooked by many shippers, but is a resource that can save both the logistics team and the finance team a lot of time and energy. The LTX finance team not only processes a full freight audit & payment but also implements a consolidated freight invoice program for each […]

Date: November 4, 2016 Author: Heather Palmer Category: Freight Audit and Pay | Reporting | Supply Chain

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Transportation Management System: The Technology Every LTL Shipper Needs

In the days of modern technology, it’s important to have the most up to date systems in order to keep a competitive advantage. An advanced transportation management system (TMS) can not only increase your efficiency and cut transportation costs but also offer comprehensive solutions to deal with the complexities of global shipping. Here at LTX […]

Date: October 26, 2016 Author: Heather Palmer Category: 3PL | Freight Audit and Pay | Software | Supply Chain | Technology

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Accessorial Charges: How it Affects Your LTL Freight Rate

One of the many factors that add up to your overall LTL freight rates is accessorial charges. Knowing what accessorial charges are, and how to control their occurrence and cost is one way to help reduce LTL freight costs. Many shippers are unaware of exactly what accessorial charges they may encounter and just how much […]

Date: October 14, 2016 Author: Heather Palmer Category: Freight Audit and Pay | Less Than Truckload | Reporting | Supply Chain

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Will a Third Party Logistics (3PL) Company Increase Profitability and Supply Chain Efficiency?

Are you considering outsourcing your freight logistics to a Third Party Logistics (3PL) Company? Not sure if it will make a difference to your bottom line? If logistics are not one of your company’s core competencies, then the answer is yes. In this article we will discuss the four ways a 3PL can increase your profitability and […]

Date: September 13, 2016 Author: Heather Palmer Category: 3PL | Freight Audit and Pay | Supply Chain

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What is Freight Audit and Payment and Why is it Important to your Supply Chain?

One out of every four freight bills contains an error that could affect your company’s bottom-line. In fact, here at LTX, we catch over 300 errors a day in our client’s invoices. These errors would often go unnoticed and uncorrected without a daily manual freight audit by the company and their staff. Manual auditing and […]

Date: September 2, 2016 Author: Heather Palmer Category: Freight Audit and Pay | Supply Chain

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