Due to their complexity and high incidence of mistakes, inaccurate freight bills are much more common than you may realize and can result in significant losses for your company. About 1 in 4 freight bills contain an error, causing shippers to overpay by 13% annually. In a $1.06 trillion over-the-road (OTR) transportation market, that is equal to about $138 billion in overpayments every year!
Labor shortages, the rise of eCommerce, and the Amazon Effect have forced a new reality onto the logistics industry reconfiguring what traditional transportation management systems (TMS) look like. As a result of this digital push, many 3PLs have prioritized the need for agile and efficient freight management operations.
Freight bill management and auditing is a major cause of headaches for a number of companies. This is because freight bills can be complex, are often inaccurate and not always sent in a timely manner. However, the freight bill management process can be simplified.
