SAN DIEGO — Freight payment processing provider U.S. Bank said more than 5,000 customers have signed up to use its new Freight Bill Lookup application since its introduction in May.
Freight Bill Look Up enables carriers to view the status of invoices online in real time, resulting in less time calling shippers to check to see when payments are coming.
The new tool enables carriers to find and manage invoice information through online access to U.S. Bank Freight Payment.
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Carriers can download payment details and export them to Excel or CSV for record-keeping.
“With Freight Bill Lookup, carriers can quickly and easily search, view and download payment information for all of their shippers,” Rick Erickson, global director of freight payment solutions for U.S. Bank, said in the Oct. 6 announcement. “This enhanced transparency promotes collaboration between shippers and carriers, which leads to more resilient and cost-efficient supply chains.”