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Displaying Search Results Category: Reporting

3 Reasons Freight Bill Audit Companies Are Needed in Logistics

In a perfect world, every transaction would be completed ethically, without errors, and smooth as silk. Unfortunately, especially in the global supply chain, we don’t live in this utopian society of freight billing. In fact, the leading cause of lost revenue and payment mistakes is inaccurate information documented on freight bills. With so many companies […]

Date: November 27, 2018 Author: Heather Palmer Category: 3PL | Freight Audit and Pay | Reporting

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4 Ways a Transportation Management System Streamlines Operations for Shippers

The name of the game in today’s supply chain is optimization. Regardless of the type of industry or customers you serve, finding creative ways of streamlining the operations for optimal efficiency is the objection that senior management often tasks their team. For shippers, optimization is all about creating efficient methods of transporting their goods throughout […]

Date: November 20, 2018 Author: Heather Palmer Category: Reporting | Supply Chain | Technology

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What is a Bill of Lading and Why is it Important?

Whether you’re shipping via LTL or parcel package, using a bill of lading is vital. This legal document not only provides details about the shipment to carriers, but it also provides a paper trail of information that protects the rights of the shipper. While several freight companies have streamlined their operations to include a computer […]

Date: November 13, 2018 Author: Heather Palmer Category: Full Truckload | Less Than Truckload | Reporting | Supply Chain

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What are Trends in Automation of Freight Audit Payments?

The process of freight auditing is vital to maintaining a system of checks and balances for any shipper. By investigating freight invoices, a shipper can verify that they are being billed for what was negotiated – and no hidden or inflated costs are being paid. This duty is typically provided by a third-party agency that […]

Date: September 4, 2018 Author: Heather Palmer Category: Freight Audit and Pay | Reporting

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What is Freight Auditing and How Can It Help Your Company?

Regardless of how hard you try to avoid them – sometimes, mistakes happen. When it comes to logistics and the transportation of commodities, a mistake on billing can cost a shipper a tremendous amount of money. Due to this fact, most shippers and carriers utilize freight auditing programs to ensure billing consistency, reduce lost revenue, […]

Date: August 30, 2018 Author: Heather Palmer Category: Freight Audit and Pay | Reporting

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Why You Should Audit Your Freight Invoices?

We all understand that people can make mistakes. But when those mistakes cost your business money – it can lead to significant problems. For those who ship products, data entry or billing invoice mistakes are leading sources of lost revenue. To reduce the potential of financial losses in shipping, many companies allocate resources to the […]

Date: Author: Heather Palmer Category: Freight Audit and Pay | Reporting | Supply Chain

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5 Tips for Choosing a Freight Audit and Payment Vendor

Using a freight audit and payment vendor is commonplace for many shippers in the US. Since most shippers spend nearly half of their logistics expenses on transportation, it’s typical for shippers to outsource their bill payment and freight audit services to third-parties that specialize in these product offerings. While they can help reduce stress and […]

Date: Author: Heather Palmer Category: Freight Audit and Pay | Reporting

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What is a Mobile Supply Chain?

While a company’s supply chain is just a set of processes and actions, it might as well be a living and breathing thing.  Supply chains evolve as quickly as anything else within an organization’s structure whenever there are advances in technology. An efficient and effective supply chain is the gold standard but it can be […]

Date: August 29, 2018 Author: Heather Palmer Category: Reporting | Software | Supply Chain | Technology

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Factors that Contribute to the General Rate Increase in LTL

Shipping companies need to set their rates in a manner that assures that they earn a profit on their services. When less-than-truckload (LTL) carriers increase their base shipping rates it is known as a General Rate Increase (GRI). These periodic adjustments are usually made once a year, although there have been exceptions when either no […]

Date: August 14, 2018 Author: Heather Palmer Category: Full Truckload | Less Than Truckload | Reporting | Supply Chain

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Prediction vs. Tracking: The Race for Complete Visibility and Blockchain-Based Supply Chains

As supply chains continue to become increasingly globalized, industry players are looking to technology for solutions to address the growing complexity. One of the biggest problems facing managers today is visibility within supply chains and freight transportation. There are two main avenues experts are pursuing to increase visibility: prediction through data analytics and improved tracking. […]

Date: March 8, 2018 Author: Heather Palmer Category: Reporting | Software | Supply Chain | Technology

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Last Mile Technology

Last mile logistics is constantly changing as e-commerce businesses are looking to improve their service offerings to customers. Last mile solutions are becoming cheaper and more consumer-friendly, driven by data and user experience. The last mile is the transport leg closest to the consumer. This means it’s ripe for opportunities to win over the customer—or […]

Date: January 31, 2018 Author: Heather Palmer Category: Reporting | Software | Technology

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The Differences Between the Canadian and U.S. ELD Mandate

What is an ELD? An ELD is an Electronic Logging Device. What does it do? It is a device used to automatically collect a driver’s Hours of Service data. Recently there was a new ELD mandate passed for the United States that is set to take effect December 18th, 2017. Canada is also in the process […]

Date: December 6, 2017 Author: Heather Palmer Category: Automation | Full Truckload | Less Than Truckload | Reporting | Technology

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How the New ELD Mandate Will Affect the Trucking Industry

According to American Trucking Associations, the ELD mandate will affect over 3 million truck drivers all over the United States. This is a call to all carriers to be prepared for this massive change in the industry. Many companies have already registered ELDs with the FMCSA. As the compliance date nears, it is expected for […]

Date: October 19, 2017 Author: Heather Palmer Category: Full Truckload | Less Than Truckload | Reporting | Supply Chain

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Leveraging The Relationship With Your 3PL Partner

Choosing a third party logistics provider is like choosing a best friend. You want your interests to be aligned, you want to provide value to one another, and you want the relationship to last for the long haul. Why is this important to a 3PL partnership? Because maintaining a strong partnership can give you access […]

Date: September 11, 2017 Author: Heather Palmer Category: 3PL | Reporting | Software

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Hidden Dollars: How Supply Chain Analytics Create Value

As technology continues to improve our ability to gather data in near real-time, businesses are left with the task of figuring out how to leverage this data and apply it to intelligent business decisions. At times this can feel like an overwhelming task, with data coming in at faster rates and in higher volumes than […]

Date: July 28, 2017 Author: Heather Palmer Category: Reporting | Software | Supply Chain | Technology

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What LTL (Less Than Truckload) Data Should a Shipper Track?

With billions of bytes of data available at our fingers tips today thanks to automated data collection it’s important for businesses to be able to identify which data is most important to successful operation. This allows companies to intelligently use their data to make strategic decisions instead of getting mired down in the complexities of […]

Date: Author: Heather Palmer Category: Less Than Truckload | Reporting

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What is the Impact of Big Data on the Supply Chain & Transportation Industries?

Whether you’re part of a business that’s already leapt into the world of Big Data or if you’re still in the process of learning how to use it to your advantage, there’s no denying that Big Data is here to stay and changing the landscape of the transportation industry and the way supply chains are […]

Date: May 31, 2017 Author: Heather Palmer Category: Automation | Reporting | Supply Chain | Technology

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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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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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