Mounting freight costs is a rising subject of concern for businesses. The cost of shipping has been increasing due to the increase in oil prices. The instability of fuel costs, the low visibility of the prospective shipping costs and the high complexity of the freight pricing system triggers freight cost verification to be susceptible to human and process errors.
Businesses that ship with overnight couriers, less than truckload (LTL), truckload (TL), tanker, rail or international carriers on a regular basis are all vulnerable to this issue.
For many companies, outsourcing is the most economical method to accurately and efficiently examine and process freight invoices.Discrepancies in freight invoices can be as high as 10% of the freight invoice.
The accuracy of a freight invoice is secured by outsourcing since freight audit companies check for freight rates, freight discounts, misapplied accessorial charges, and prevent possible duplication of payment.
Our partner will provide comprehensive reporting for our client that helps them to make sound business decisions such as consolidation of shipments to a certain forwarder and landed costing of each product group.