Most are aware of XPO Logistics’ recent buyout of Con-Way Freight/Con-Way Truckload/Menlo Logistics. Additionally, ABF Logistics acquired truckload brokerage firm Bear Transportation and Transport Corporation of America acquired an undisclosed majority of truckload brokerage firm Optimal Freight.
Mergers and acquisitions such as these often result in chaos as the companies involved struggle to integrate resources, facilities, people, information systems, accounting practices, etc. Transitioning to new bill handling software or processes can be especially hectic. In AMTR ’s experience, this is a prime opportunity for freight overcharges to slip through the cracks, because while companies work to transition, they must keep paying bills on time. Often, we see freight bills being paid manually, sidestepping many of the usual checks and balances. We also see bills being paid using both old and new methods and systems, leading to duplicate payments that cannot be found using normal review processes. No matter what problems occur, having AMTR on your team assures that your freight costs will not be impacted by such turbulent events.