Pricing Terms Intermediate

Freight Audit

Also known as: Freight Bill Audit, Transportation Audit, Carrier Invoice Audit

Definition

Freight auditing involves systematically reviewing shipping invoices to catch billing errors, duplicate charges, and rate discrepancies. Studies show 3-10% of freight invoices contain errors.

Common Billing Errors Found

Error Type Example
Duplicate billing Same shipment invoiced twice
Wrong rate applied Using list rate vs. contract rate
Incorrect weight DIM weight miscalculated
Wrong freight class Higher class than actual
Invalid accessorials Charges for services not rendered
Address corrections Incorrect surcharges

Freight Audit Process

  1. Collect invoices - Gather all carrier bills
  2. Match to shipments - Verify each charge has a shipment
  3. Validate rates - Compare to contracted pricing
  4. Check accessorials - Verify each surcharge is valid
  5. File disputes - Claim refunds for errors
  6. Process payment - Pay verified invoices

Audit Options

Manual audit: In-house review using spreadsheets Automated audit: Software compares invoices to contracts Outsourced audit: Third-party handles entire process (often contingency-based)

Savings Potential

  • Average recovery: 2-5% of freight spend
  • ROI on audit software: 300-500%
  • Time limit to dispute: Usually 180 days
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