Report overview
A freight audit and payment service usually consists of the following services: Collecting invoices from the carrier Freight invoice auditing (preaudit or postaudit*) Physical payment to the carrier Aggregate billing to the shipper for freight costs incurred Allocation of transportation costs to individual cost centers Detailed reporting for logistics costs and service The outsourcing of the freight audit and payment function in the U.S. is a well-established practice with many reputable vendors. Many shippers and 3PLs have outsourced the auditing and paying of invoicing to a vendor, and this has resulted in major savings and improved accuracy. Outsourcing freight payment in Europe and Asia as a practice is not as well-adopted as in the U.S. but the market continues to grow in each respective region.
This report aims to provide a comprehensive presentation of the global market for Freight Audit and Payment Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Freight Audit and Payment Service. This report contains market size and forecasts of Freight Audit and Payment Service in global, including the following market information:
Global Freight Audit and Payment Service Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Freight Audit and Payment Service market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Cross-border Trade Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Freight Audit and Payment Service include Acuitive Solutions, Blume Global, Cass Information Systems, ControlPay, CT Logistics, CTSI-Global, Data2Logistics, enVista and Green Mountain Technology, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We has surveyed the Freight Audit and Payment Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Freight Audit and Payment Service Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Freight Audit and Payment Service Market Segment Percentages, by Type, 2022 (%)
Cross-border Trade
Domestic Trade
Global Freight Audit and Payment Service Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Freight Audit and Payment Service Market Segment Percentages, by Application, 2022 (%)
Ocean Transport
Air Transport
Land Transport
Combined Transport
Global Freight Audit and Payment Service Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Freight Audit and Payment Service Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Freight Audit and Payment Service revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Freight Audit and Payment Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Acuitive Solutions
Blume Global
Cass Information Systems
ControlPay
CT Logistics
CTSI-Global
Data2Logistics
enVista
Green Mountain Technology
Intelligent Audit
INTERLOG
nVision Global
RateLinx
Software Solutions Unlimited
TranzAct
Trax
U.S. Bank
Outline of Major Chapters:
Chapter 1: Introduces the definition of Freight Audit and Payment Service, market overview.
Chapter 2: Global Freight Audit and Payment Service market size in revenue.
Chapter 3: Detailed analysis of Freight Audit and Payment Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Freight Audit and Payment Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
