MTMC, which manages land and ocean transport logistics for the armed forces, says about 50 percent of its domestic freight bills are now paid automatically through an online software developed by U.S. Bank.
The agency says PowerTrack allows it to pay most freight bills in three days, when it used to take from 44 to 77 days for MTMC to pay its carriers.
MTMC plans to implement PowerTrack with most of its carriers by the end of the year. So far, 147 of 272 carriers that provide MTMC with land transport, such as Landstar and Overnite Trucking Co., use PowerTrack. MTMC says another 78 carriers are expected to use the system soon. U.S. Bank charges carriers 2 percent of the freight bill for its services.
MTMC explained its roll-out plans at a meeting co-sponsored by the Defense Department, American Trucking Association and National Defense Transportation Association Surface Committee in Arlington, Va., last week.
The Defense Department recently adopted PowerTrack (under Management Reform Memorandum No. 15) to help it use electronic systems to automate and standardize military processes more in line with the business world.
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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