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 […]
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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. […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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