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.
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Effective January 1, 2016, YRC Freight will be charging a $2 per shipment fee to customers receiving paper invoices via USPS. Impacted shippers will need to change processes to receive invoices electronically or pay the price.
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This question can be a source of confusion for many in freight payables. Even if you know what a switch is, do you know if you should be paying for it? Is it just another supplemental bill or not?
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Something we hear shippers say all the time is that they “always verify the rate” before paying freight bills. Of course, this is an important first step in paying freight bills correctly, but the bigger question is how was the rate actually verified?
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A June 2015 Harvard Business Review article on the impacts of smarter machines on human labor highlighted the important contrast between “automation versus augmentation of human work”.
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On October 22, 2015, U.S. Dept. of Transportation Secretary Anthony Foxx announced a draft of the National Freight Strategic Plan.
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September marked the beginning of the high volume shipping season that typically occurs ahead of the holidays.
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You have been negotiating rates with a carrier for weeks or even several months. You have finally agreed on all the new charges, and you are now prepared to review the draft contract to make sure the rates are correct and to sign.
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Do you know what CFR, Title 49 is and what it addresses? If you deal with transportation and/or freight payables, it should be something with which you are very familiar.
