About US Audits and Compliance

Servicing medium shippers between $10 million and $100 million per year freight spend which represents roughly half of LTL and TL market, along with larger shippers of more than $100 million per year freight spend which represents less than 5% of the LTL and TL market. With 40 years experience in freight expenditure optimization we have provided 'found profit dollars' in the tens of millions of dollars

The importance of audits and compliance

A 2015 American Shipper Benchmark Study found:

While Finance controls 50% of the decision of Vendor selection. Typically, Finance has minimal role in freight expense responsibility relying on Transportation or Logistics
Found over 85% of Trucking Invoices were inaccurate
Just over 15% of shippers discuss best practices with outside firms
Less than 20% of shippers use outside firms to analyze transportation data
Roughly 2/3 of shippers do not feel or uncertain that can invest into Transportation Payment Technology
Over 60% of shippers found audit saving met expectations

National Motor Freight Classification and Surface Transportation Board

The following are questions that your company may want to consider:

Do you maintain copies of the National Motor Freight Classification?
Do you know the procedures and are in compliant with the rules and regulations with the Commodity Classifications Standards Board?
Do you know the latest rules and regulations of the STB NMF?
Are you aware if your product classification is docketed by the NMFC Board?
Are you aware of the carrier’s rights to abate the rules, regulations and practices of the NMFC?
Do you know how to take advantage of Rule 170 and 171 of the NMFC?
Are you aware of the various time frames for filing overcharge claims?
Are you aware of the penalties for non-compliance to the NMFC?
Do you have a service that communicates with you when changes to your product line are up for docket?
Do you know how to respond and object to controversial proposals?
Do you know your fiduciary obligation for verifying your assessments of expenses is under a Surface Transportation Declaratory Order?
Are your rate contracts and provisions for FAK’s legally binding?

Carrier Audits

We can review your Carrier Contracts against your invoicing for Carrier compliance with the agreement

Today freight spend can represent 3% to 15% of a company's total expense. Even if you are watching your numbers, who is overseeing the Carriers are performing in a manner that they should. Even if a charge is listed in the Carrier Tariff, this does not mean it is a required charged or cast in stone

Risk indicator can be uncovered so strategies can be designed going forward

Post Audits

Transportation overcharge claims can go beyond the six-month statute of limitations

Focuses on Post-Audit gaps
Provides improvement over mainstream TMS reports
Unique toolset utilizes regulatory requirements to recover "Lost Profits"

Business Intelligence (BI)

Through your audit process, your freight spend is analyzed down to a granular level, providing powerful insight for targeted cost control measures, process improvement, sales and marketing, expansion and consolidation opportunities

US Audits and Compliance LLC

You need US Audits and Compliance LLC