The agency, which manages the ocean and overland logistics services for the armed forces, recently made the electronic payment to Burlington Northern Santa Fe for a shipment of 27 railcars carrying 136 pieces of military equipment to Fort Hood, Texas, for training operations.
MTMC uses an online software, PowerTrack, developed by Minneapolis-based USBank. The system is paying an estimated 52 percent of the Defense Department’s domestic freight bills. USBank charges a fee on a sliding scale of up to 2 percent of the freight bill.
Both the military and transportation industry praise PowerTrack for reducing compensation times from 44 to 77 days under the paper-intensive Defense Finance and Accounting Service process to less than three days.
The adoption of PowerTrack is part of the Management Reform Memorandum No. 15, a Defense Department initiative to use electronic systems to automate and standardize military processes with industry.
“This is a new way of doing business,” said Kiazan Moneypenny, a system specialist at MTMC. “This is just another indication of how we are moving toward the use of commercial procedures in all the transportation processes.”
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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