Welcome to the Trans International blog “Life in the FAIR Lane”. With this blog we hope to bring our followers relevant industry news, updates on our business and practices, and forward thinking ideas that we at Trans International have about your supply chain.
You might be wondering about the title we have given our blog. FAIR stands for Freight Audit and Information Reporting, which happens to be what we do here at Trans International. Our main services include cost saving freight invoice processing and auditing, comprehensive financial reporting, logistics consulting, and a completely customizable experience. We use the acronym FAIR to summarize all of the core services that we offer.
We would like to start off by highlighting one of those services and explain how we can do it to best fulfill your needs.
FREIGHT BILL PAYMENT
Security of funds entrusted to freight payment companies is of critical importance. Trans International offers six different options for freight bill payment. Once freight bills have been processed and verified and we have completed the freight bill audit, we offer the following:
Standard Payment with Float– our lowest price point –
Payment without Float
Payment from a Segregated Trust Account
NACHA (National Automated Clearing House Association) electronic payment
Client Payment using Payment Data returned to client in requested file format
Segregated Client Controlled Trust Fund to which we have access
We have established internal controls that have allowed us to secure substantial bond protection against employee theft. All funds entrusted to us are kept in accounts separate from operating accounts. Float funds are placed in highly rated Moody investments. Many of our float clients are publicly traded companies. In many cases, client sanctioned auditors have reviewed our procedures and have consistently found zero concerns regarding Sarbanes-Oxley compliance. We welcome such scrutiny at any time and are more than happy to answer any questions you might have.
We cannot wait to share ideas and get feedback from our followers. Join us, and share with others, so that we can explore the FAIR Lane together. We believe that “Life in the FAIR Lane” highlights exactly what we want this blog to be about; what life in the FAIR Lane means to you and your supply chain.
Check out our website to learn a little more about what we do and how we do it!