A3 Freight Payment Blog


Tuesday, July 30, 2019

Top 100 Logistics IT Provider-Fourth Consecutive Year

For the fourth consecutive year, A3 Freight Payment has been named a Top 100 Logistics IT Provider by Inbound Logistics magazine. Each year, Inbound Logistics editors recognize 100 logistics IT companies that IT companies that support and enable logistics excellence. Drawn from a pool of more than 300 companies, using questionnaires, personal interviews, and other research, Inbound Logistics selects the Top 100 Logistics IT Providers who are leading the way in 2019. Editors seek to... Read More
Posted by Ross Harris at Tuesday, July 30, 2019
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Wednesday, August 30, 2017

2017 Transportation Payment Benchmark Study Published

For the third year in a row, A3 Freight Payment is proud to be a cosponsor of American Shipper’s “Transportation Payment Benchmark Study”. Prepared on an annual basis, the study is the most comprehensive look at the freight invoice processing, auditing, and payment practices of shippers. The full study can be downloaded HERE Read More
Posted by Ross Harris at Wednesday, August 30, 2017
News
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Tuesday, May 2, 2017

A3 Freight Payment Named Top 100 Logistics IT Provider For Second Year in a Row

For the second year in a row, A3 Freight Payment has been named a Top 100 Logistics IT Provider by Inbound Logistics magazine. Every April, Inbound Logistics editors recognize 100 logistics IT companies that support and enable logistics excellence. Using questionnaires, personal interviews, and other research, Inbound Logistics selects the Top 100 Logistics IT Providers who are leading the way in 2017. All companies selected reflect leadership by answering Inbound Logistics... Read More
Posted by Ross Harris at Tuesday, May 2, 2017
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Monday, April 10, 2017

Putting your Transportation Budget In Context: Using External Indices to Justify Your Transportation Spend to the Finance Geeks

At the 2017 NASSTRAC Annual Conference, A3 Freight Payment’s CEO Ross Harris presented an original presentation entitled “ Putting your Transportation Budget In Context: Using External Indices to Justify Your Transportation Spend to the Finance Geeks” The presentation made reference to several macroeconomic indices that can be used as data points when justifying parts of a transportation budget. Here are the links to those data sources mentioned during the presentation:... Read More
Posted by Ross Harris at Monday, April 10, 2017
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Wednesday, September 21, 2016

2016 Transportation Payment Benchmark Study Released

Once again, A3 Freight Payment is proud to be a key sponsor of the Seventh Annual "Transportation Payment Benchmark Study" conducted by  American Shipper  in partnership with the Transportation Intermediaries Association (TIA), the National Retail Federation (NRF) and the Retail Industry Leaders Association (RILA). Download your FREE Copy Read More
Posted by Ross Harris at Wednesday, September 21, 2016
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Monday, August 22, 2016

A3 Freight Payment receives “clean” financial statement audit

A3 Freight Payment is pleased to announce that the audit of its financial statements for the year ending December 31, 2015 completed earlier this year and the company received an unqualified opinion from its auditors. Independently audited financial statements are the cornerstone of a freight payment company’s fiduciary role. They provide customers and prospects with assurance that: The company is financially sound, Its internal control structure can be relied upon, Its... Read More
Posted by Ross Harris at Monday, August 22, 2016
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Wednesday, June 22, 2016

A3 Freight Payment Named Top 100 Logistics IT Provider

A3 Freight Payment has been named a Top 100 Logistics IT Provider for 2016 by Inbound Logistics magazine. The companies named on this list are “providers whose solutions are central to solving transportation, logistics, and supply chain challenges, and whose customer successes are well-documented,” according to the editors of Inbound Logistics magazine. This marks the first year that A3 Freight Payment has been named to the prestigious list. “We are thrilled to... Read More
Posted by Ross Harris at Wednesday, June 22, 2016
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Saturday, June 4, 2016

The Memphis News profiles A3 Freight Payment's success

We thank The Memphis News and its companion publication Memphis Daily News on profiling the A3 Freight Payment Core Team and the company's success in its print and online versions. You can read the full article HERE   Read More
Posted by Ross Harris at Saturday, June 4, 2016
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Monday, May 16, 2016

A3 Freight Payment Moves to New Office To Accommodate Growth

A3 Freight Payment recently relocated to new office space in order to accommodate the continuing growth of its customer base. A3 Freight Payment moved into the fourth floor of Lenox Park Building C in Memphis, Tennessee. “We believe this new facility is a great fit for the continued expansion of our freight invoice processing and payment service,” said Ross Harris, CEO. “With 2015 being our highest sales year in our history, we knew that we were going to need new space that could expand as... Read More
Posted by Ross Harris at Monday, May 16, 2016
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Sunday, September 20, 2015

WEBINAR: Benefits of Outsourcing Freight Payment…Register Now!

Benefits of Outsourcing Freight Payment Description: New to freight payment? Register for this webinar to better understand the variety of reasons companies outsource their freight payment processes. Session concludes with a Q&A session with the experts at A3 Freight Payment. Date: Thursday, September 24 Time: 11:30 Eastern | 10:30 Central | 8:30 Pacific Click Here to Register Read More
Posted by Ross Harris at Sunday, September 20, 2015
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Friday, June 26, 2015

Transportation Payment Benchmark Study Released

The Sixth Annual “Transportation Payment Benchmark Study” was released by American Shipper in cooperation with the Council of Supply Chain Management (CSCMP), the National Retail Federation (NRF) and the Retail Industry Logistics Association (RILA).  A3 Freight Payment is the sole independent freight payment provider to sponsor the research and its publication by American Shipper. “We are extremely proud of our sponsorship of the study. For the last six years, this benchmark report... Read More
Posted by Ross Harris at Friday, June 26, 2015
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Monday, May 11, 2015

WEBINAR: Mitigating the Financial Risks of Freight Payment Providers …Register Now!

 A3 Freight Payment is conducting a free LIVE webinar entitled  Mitigating the Financial Risks of Freight Payment Providers.    A relationship with a freight payment company involves a degree of financial risk to shippers. However, that risk can be mitigated with some simple due diligence steps that should be part of any provider selection process. In this webinar, A3 Freight Payment’s own CEO will guide participants to the following outcomes:   • A clear... Read More
Posted by Ross Harris at Monday, May 11, 2015
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Tuesday, December 30, 2014

Your Next Career Move is with A3 Freight Payment!

A3 Freight Payment has positions available in Account Management and as a software developer.  Be sure to check out Careers page for complete details.  You have a future here! Read More
Posted by Ross Harris at Tuesday, December 30, 2014
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Friday, October 17, 2014

WEBINAR: Understanding Freight Payment Cost Drivers…Register Now!

We are presenting a LIVE webinar to allow you to better understand the cost drivers freight payment companies evaluate when determining pricing for a customer. You will learn how to: • Evaluate a provider's costs to service a company's business. • Gather data to support competitive pricing. • Determine if their company's business is attractive to providers. Our experts will provide information and advice garnered from years of experience working with multiple freight payment... Read More
Posted by Ross Harris at Friday, October 17, 2014
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Thursday, September 25, 2014

WEBINAR: The Death of the Short Payment…Register Now!

Attend this FREE and LIVE session on a unique freight payment process. In this webinar you will learn the benefits of replacing a traditional short payment process with a managed proactive resolution process. Those benefits include improved data quality, permanent correction of  billing errors, and dramatically improved carrier relationships. The A3 Freight Payment team will review their tools and processes utilized in this unique approach. Meeting concludes with a Q&A session with the... Read More
Posted by Craig Cameron at Thursday, September 25, 2014
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Thursday, May 29, 2014

Comments on the Trans Vantage criminal case

On Wednesday May 28, the U.S. Attorney for New Jersey unsealed a criminal complaint against the former owner of now defunct freight payment firm, Trans Vantage.  The complaint alleges actions by the owner of Trans Vantage which, if true, represent the highest betrayal of trust by a provider to its customers. This case is unfortunate, yet a strong example to shippers of the importance in performing both initial and ongoing due diligence upon their providers. The objective of such due... Read More
Posted by Ross Harris at Thursday, May 29, 2014
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Friday, October 4, 2013

Inbound Logistics notes A3 Freight Payment’s expertise

In its recent supplement regarding freight payment companies, Inbound Logistics took note of A3 Freight Payment expertise in the industry. The magazine noted the unique managed proactive resolution model of A3 Freight Payment and how it eliminates “short payments.”  The full piece is available at this link: "Gold Mining: Unearthing the Value in Freight Audit and Payment Services" Read More
Posted by Ross Harris at Friday, October 4, 2013
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Friday, September 20, 2013

American Shipper Magazine highlights A3 Freight Payment’s process

In a recent editorial comment in American Shipper , Eric Johnson noted how a great freight payment process will eliminate pricing errors over time instead of perpetuating them to justify the existence of the freight payment company. So, audit savings should not be the only element of ROI for a freight payment outsourcing project. Johnson says, “Be mindful that it’s a great goal to catch more errors (or better yet, eradicate the errors in the presentation phase altogether) but don’t fixate on... Read More
Posted by Ross Harris at Friday, September 20, 2013
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Monday, March 25, 2013

A3 Freight Payment receives “clean” financial statement audit

A3 Freight Payment is pleased to announce that the audit of its financial statements for the year ending December 31, 2013 is complete, and the company received an unqualified opinion from its auditors. Independently audited financial statements are the cornerstone of a freight payment company’s fiduciary role. They provide customers and prospects with assurance that: • The company is financially sound, • Its internal control structure can be relied upon, • Its assets are carried at fair... Read More
Posted by Ross Harris at Monday, March 25, 2013
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Monday, March 18, 2013

Financial Due Diligence Checklist on Freight Payment Providers

As a follow-up to our recent webinar entitled “Mitigating the Financial Risks of Freight Payment Providers”, we have published a one-page checklist for shippers’ wishing to perform initial or ongoing due diligence upon their freight payment provider.  You can download this document and any of our other resources including white papers and sample RFPs in the Resource Library section of our website:   A3 Freight Payment Resource Library Read More
Posted by Ross Harris at Monday, March 18, 2013
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Thursday, October 25, 2012

Financial Risks and Freight Payment: Fidelity Bonds (Employee Dishonesty Insurance)

The excerpt below is from the publication A Guide to the Financial Risks of Freight Payment Providers, which was produced by A3 Freight Payment for the benefit of customers and prospects. For the complete publication go to the Instant Access Materials in the A3 Freight Payment Resource Library .  In receiving temporary custody of a customer’s assets, freight payment companies are assuming a risk of safekeeping, against which they normally take insurance. The insurance coverage can go... Read More
Posted by Ross Harris at Thursday, October 25, 2012
Financial
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Thursday, September 27, 2012

Inbound Logistics features A3 Freight Payment execs in Freight Payment Supplement

Inbound Logistics recently published its annual supplement on the freight payment industry and featured an interview with A3 Freight Payment executives Ross Harris and Craig Cameron discussing global freight payment challenges.   A3 Freight Payment is pleased to have the experience and expertise of its team recognized by inclusion in this piece and thanks the writers at Inbound Logistics for the opportunity. The freight payment supplement can be found, here: ... Read More
Posted by Ross Harris at Thursday, September 27, 2012
News
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Friday, September 21, 2012

The Role of an SOC 1 report (formerly SAS 70) in Freight Payment-White Paper

A3 Freight Payment is pleased to announce the publication of its latest white paper on topics of interest to freight payment stakeholders. Below is an excerpt from the beginning of the paper:  Introduction An essential element in the selection of a freight payment company is a review of that company’s SOC 1 report. The SOC 1 report provides important insight into the internal control structure of a freight payment provider, as well as the effectiveness of those controls.  ... Read More
Posted by Ross Harris at Friday, September 21, 2012
Financial
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Thursday, September 6, 2012

A3 Freight Payment wins the Supplier Spotlight on Supplier Connection!

Supplier Connection is a Web-based portal that allows small businesses to more easily apply to become suppliers to large companies. It was built by a consortium of sourcing organizations at large corporations as a way to give small businesses a no-cost opportunity to market their goods and services to supply chains of large companies. The Supplier Spotlight is a contest run each month by Supplier Connection where small businesses put forward money-saving tips for other small... Read More
Posted by Ross Harris at Thursday, September 6, 2012
News
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Thursday, August 23, 2012

Financial Risks and Freight Payment: Refunds Processing

The excerpt below is from the publication A Guide to the Financial Risks of Freight Payment Providers, which was produced by A3 Freight Payment for the benefit of customers and prospects. For the complete publication go to the Instant Access Materials in the A3 Freight Payment Resource Library . In the normal course of a freight payment relationship, a freight payment company will receive refunds from logistics providers on behalf of its customers. The refunds are sent to... Read More
Posted by Ross Harris at Thursday, August 23, 2012
Financial
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Thursday, August 9, 2012

Financial Risks and Freight Payment: Audited Financial Statements

The below is an excerpt from the publication A Guide to the Financial Risks of Freight Payment Providers which was produced by A3 Freight Payment for the benefit of customers and prospects. For the complete publication, CLICK HERE . A freight payment company that will not produce audited financial statements for its customers’ review should be automatically eliminated from consideration during a freight payment bid process. Audited financial statements are the lynchpin of... Read More
Posted by Ross Harris at Thursday, August 9, 2012
Financial
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Thursday, August 2, 2012

Intermodal Freight on Pace to Break all Records in 2012

As mentioned in a previous blog post, the American Association of Railroads (AAR) publishes a monthly compendium of railroad activity statistics for the U.S. and Canada. The previous post mentioned this monthly report as a potential source for observing economic activity at the top of the supply chain. However, the July, 2012 edition of Rail Time Indicators highlights an exciting trend within rail traffic which is of relevance to the vast majority of shippers. Intermodal freight in... Read More
Posted by Ross Harris at Thursday, August 2, 2012
Logistics
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Thursday, August 2, 2012

CBU School of Business recognizes A3 Freight Payment

Thanks to the Christian Brothers University (CBU) School of Business for recognizing A3 Freight Payment in their latest newsletter to alumni. Two of the four founders of A3 Freight Payment are alumni of CBU. Ross Harris, CEO, graduated from CBU in 1993 with an accountancy degree and Craig Cameron, VP of Sales & Marketing, graduated in 1996 with a degree in marketing. Ross and Craig first met at CBU as fraternity brothers in Tau Kappa Epsilon. CBU School of Business Newsletter –... Read More
Posted by Ross Harris at Thursday, August 2, 2012
News
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Tuesday, July 24, 2012

A3 Freight Payment Successfully Implements Del-Nat Tire Corporation

A3 Freight Payment announces the successful completion of its implementation of Del-Nat Tire Corporation on the A3 Freight Payment processing system. Del-Nat tire concluded a multi-year agreement for freight bill audit and payment services with A3 Freight Payment in May of this year. The scope of the relationship includes all of Del-Nat’s global freight expenditures. “We looked at several providers before selecting A3 Freight Payment,” said Ken Beil, Transportation and Compliance... Read More
Posted by Ross Harris at Tuesday, July 24, 2012
News
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Thursday, July 19, 2012

Shippers are being sent “to detention” by Hours of Service rules

Over the last year, as the new Hours Of Service (HOS) rules have been implemented, more shippers are seeing their freight spend increase and exceed their budgets in a new way. Shippers of truckload freight are accustomed to transportation rate increases and, of course, fuel surcharges. But, now, a sleepy accessorial charge is wreaking havoc with transportation budgets. Detention charges and related layover charges are increasing at an alarming rate as the impact of the HOS rules are felt.... Read More
Posted by Ross Harris at Thursday, July 19, 2012
Logistics
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Thursday, July 12, 2012

Financial Risks and Freight Payment: EFTs vs. Paper Checks

The below is an excerpt from the publication A Guide to the Financial Risks of Freight Payment Providers which was produced by A3 Freight Payment for the benefit of customers and prospects. For the complete publication, CLICK HERE . A freight bill audit and payment company that is intent upon serving a client’s needs will employ an aggressive program to pay carriers by means of Electronic Funds Transfers (EFTs). The company will avoid paper checks and encourage carriers to... Read More
Posted by Ross Harris at Thursday, July 12, 2012
Financial
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Sunday, July 1, 2012

Forsythe Center for Entrepreneurship recognizes A3 Freight Payment

The Forsythe Center for Entrepreneurship at The Hadley School for the blind has added A3 Freight Payment to its directory of businesses operated by the visually impaired . The Forsythe Center for Entrepreneurship (FCE) is part of Hadley's Adult Continuing Education Program. The goal of this new initiative is to provide individuals who are blind or visually impaired with the knowledge, resources and networking opportunities to enable them to advance in their careers or to successfully... Read More
Posted by Ross Harris at Sunday, July 1, 2012
News
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Monday, June 25, 2012

Are your freight payment savings accurate?

Freight payment companies frequently tout audit savings as a key metric to validate the ROI for their customers.  Some of these savings are actually an indication of an inefficient and broken process that detracts from the value of outsourcing freight payment, but that topic will wait for a later post.Generally, any amount deducted from the billed amount is reported as a savings to customers.  Therein lies the problem.  Many times, freight payment providers who “short pay”... Read More
Posted by Craig Cameron at Monday, June 25, 2012
Audit
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Monday, June 18, 2012

Shippers’ “Vicarious Liability” Increases…Again

This blog does not wish to add to the misery of shippers who are suffering from CSA-overload, but shippers should be aware that a recent development by the FMCSA has the potential of once again increasing their vicarious liability for the actions of their motor carriers. The last few years have brought a torrent of issues and information to shippers regarding the Compliance Safety Accountability (CSA) and its implementation. Naturally, the two biggest issues for shippers’ have been... Read More
Posted by Ross Harris at Monday, June 18, 2012
Logistics
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Friday, June 8, 2012

Shippers are overpaying for fuel

A fundamental part of the freight payment value proposition is detection of overcharges on customers’ freight invoices. Some freight payment companies make this seem like a complex “dark art” of algorithms and analysis. However, sometimes it is the most basic of system features that can mean the difference between detecting an overcharge or not. A case in point is offered by fuel surcharges. In recent weeks, the most common indices of fuel prices issued by U.S. Energy Information Agency... Read More
Posted by Ross Harris at Friday, June 8, 2012
Audit
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Thursday, May 31, 2012

Warren Buffett Loves Freight

Like all professional investors, Warren Buffett pays attention to the larger economy and is always looking for clues regarding future economic activity. These clues are known as “leading indicators” and, as it turns out, Buffett’s favorite leading indicator is freight. Specifically, Buffett loves rail freight . According to Robert P. Miles, author of several books on Warren Buffett’s methods and career, including Warren Buffett Wealth: Principles and Practical Methods Used... Read More
Posted by Ross Harris at Thursday, May 31, 2012
Logistics
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Email

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