The agency, which manages the overland and ocean transportation logistics of Defense Department cargo, attributes the decrease to its use of USBank’s PowerTrack to pay for carrier services.
About 480 carriers, mostly in the trucking industry, receive freight payments through PowerTrack. More than $335 million in freight bills were paid through the automated system, and 85 pecent of these payments were made in three days, said Tom Hicks, coordinator at MTMC.
In the past, commercial carriers waited 30 to 60 days to be paid via the manual payment process of the Defense Finance and Accounting Service.
“The use of GBLs (government bills of lading) is widely unpopular,” MTMC said. “Commercial carriers complain the government-unique documents require extra time and labor.”
Hicks said he will increase the use of PowerTrack to other types of MTMC carriers, such as breakbulk ocean carriers and inbound container transporters.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now