Freight Audit and Payment Service Market, Global Outlook and Forecast 2023-2029

Report ID: MMG235327 | Category: Service & Software | Pages: 104 | Format: PDF | Published Date: September 16,2023

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Report Summary

A freight audit and payment service usually consists of the following services: Collecting invoices from the carrier Freight invoice auditing (preaudit or postaudit*) Physical payment to the carrier Aggregate billing to the shipper for freight costs incurred Allocation of transportation costs to individual cost centers Detailed reporting for logistics costs and service The outsourcing of the freight audit and payment function in the U.S. is a well-established practice with many reputable vendors. Many shippers and 3PLs have outsourced the auditing and paying of invoicing to a vendor, and this has resulted in major savings and improved accuracy. Outsourcing freight payment in Europe and Asia as a practice is not as well-adopted as in the U.S. but the market continues to grow in each respective region.
This report aims to provide a comprehensive presentation of the global market for Freight Audit and Payment Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Freight Audit and Payment Service. This report contains market size and forecasts of Freight Audit and Payment Service in global, including the following market information:
Global Freight Audit and Payment Service Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Freight Audit and Payment Service market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Cross-border Trade Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Freight Audit and Payment Service include Acuitive Solutions, Blume Global, Cass Information Systems, ControlPay, CT Logistics, CTSI-Global, Data2Logistics, enVista and Green Mountain Technology, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Freight Audit and Payment Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Freight Audit and Payment Service Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Freight Audit and Payment Service Market Segment Percentages, by Type, 2022 (%)
    Cross-border Trade
    Domestic Trade
Global Freight Audit and Payment Service Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Freight Audit and Payment Service Market Segment Percentages, by Application, 2022 (%)
    Ocean Transport
    Air Transport
    Land Transport
    Combined Transport
Global Freight Audit and Payment Service Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Freight Audit and Payment Service Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Freight Audit and Payment Service revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Freight Audit and Payment Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Acuitive Solutions
    Blume Global
    Cass Information Systems
    ControlPay
    CT Logistics
    CTSI-Global
    Data2Logistics
    enVista
    Green Mountain Technology
    Intelligent Audit
    INTERLOG
    nVision Global
    RateLinx
    Software Solutions Unlimited
    TranzAct
    Trax
    U.S. Bank
Outline of Major Chapters:
Chapter 1: Introduces the definition of Freight Audit and Payment Service, market overview.
Chapter 2: Global Freight Audit and Payment Service market size in revenue.
Chapter 3: Detailed analysis of Freight Audit and Payment Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Freight Audit and Payment Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Freight Audit and Payment Service Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Freight Audit and Payment Service Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Freight Audit and Payment Service Overall Market Size
    2.1 Global Freight Audit and Payment Service Market Size: 2022 VS 2029
    2.2 Global Freight Audit and Payment Service Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Freight Audit and Payment Service Players in Global Market
    3.2 Top Global Freight Audit and Payment Service Companies Ranked by Revenue
    3.3 Global Freight Audit and Payment Service Revenue by Companies
    3.4 Top 3 and Top 5 Freight Audit and Payment Service Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Freight Audit and Payment Service Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Freight Audit and Payment Service Players in Global Market
        3.6.1 List of Global Tier 1 Freight Audit and Payment Service Companies
        3.6.2 List of Global Tier 2 and Tier 3 Freight Audit and Payment Service Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Freight Audit and Payment Service Market Size Markets, 2022 & 2029
        4.1.2 Cross-border Trade
        4.1.3 Domestic Trade
    4.2 By Type - Global Freight Audit and Payment Service Revenue & Forecasts
        4.2.1 By Type - Global Freight Audit and Payment Service Revenue, 2018-2023
        4.2.2 By Type - Global Freight Audit and Payment Service Revenue, 2024-2029
        4.2.3 By Type - Global Freight Audit and Payment Service Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Freight Audit and Payment Service Market Size, 2022 & 2029
        5.1.2 Ocean Transport
        5.1.3 Air Transport
        5.1.4 Land Transport
        5.1.5 Combined Transport
    5.2 By Application - Global Freight Audit and Payment Service Revenue & Forecasts
        5.2.1 By Application - Global Freight Audit and Payment Service Revenue, 2018-2023
        5.2.2 By Application - Global Freight Audit and Payment Service Revenue, 2024-2029
        5.2.3 By Application - Global Freight Audit and Payment Service Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Freight Audit and Payment Service Market Size, 2022 & 2029
    6.2 By Region - Global Freight Audit and Payment Service Revenue & Forecasts
        6.2.1 By Region - Global Freight Audit and Payment Service Revenue, 2018-2023
        6.2.2 By Region - Global Freight Audit and Payment Service Revenue, 2024-2029
        6.2.3 By Region - Global Freight Audit and Payment Service Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Freight Audit and Payment Service Revenue, 2018-2029
        6.3.2 US Freight Audit and Payment Service Market Size, 2018-2029
        6.3.3 Canada Freight Audit and Payment Service Market Size, 2018-2029
        6.3.4 Mexico Freight Audit and Payment Service Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Freight Audit and Payment Service Revenue, 2018-2029
        6.4.2 Germany Freight Audit and Payment Service Market Size, 2018-2029
        6.4.3 France Freight Audit and Payment Service Market Size, 2018-2029
        6.4.4 U.K. Freight Audit and Payment Service Market Size, 2018-2029
        6.4.5 Italy Freight Audit and Payment Service Market Size, 2018-2029
        6.4.6 Russia Freight Audit and Payment Service Market Size, 2018-2029
        6.4.7 Nordic Countries Freight Audit and Payment Service Market Size, 2018-2029
        6.4.8 Benelux Freight Audit and Payment Service Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Freight Audit and Payment Service Revenue, 2018-2029
        6.5.2 China Freight Audit and Payment Service Market Size, 2018-2029
        6.5.3 Japan Freight Audit and Payment Service Market Size, 2018-2029
        6.5.4 South Korea Freight Audit and Payment Service Market Size, 2018-2029
        6.5.5 Southeast Asia Freight Audit and Payment Service Market Size, 2018-2029
        6.5.6 India Freight Audit and Payment Service Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Freight Audit and Payment Service Revenue, 2018-2029
        6.6.2 Brazil Freight Audit and Payment Service Market Size, 2018-2029
        6.6.3 Argentina Freight Audit and Payment Service Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Freight Audit and Payment Service Revenue, 2018-2029
        6.7.2 Turkey Freight Audit and Payment Service Market Size, 2018-2029
        6.7.3 Israel Freight Audit and Payment Service Market Size, 2018-2029
        6.7.4 Saudi Arabia Freight Audit and Payment Service Market Size, 2018-2029
        6.7.5 UAE Freight Audit and Payment Service Market Size, 2018-2029
7 Freight Audit and Payment Service Companies Profiles
    7.1 Acuitive Solutions
        7.1.1 Acuitive Solutions Company Summary
        7.1.2 Acuitive Solutions Business Overview
        7.1.3 Acuitive Solutions Freight Audit and Payment Service Major Product Offerings
        7.1.4 Acuitive Solutions Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.1.5 Acuitive Solutions Key News & Latest Developments
    7.2 Blume Global
        7.2.1 Blume Global Company Summary
        7.2.2 Blume Global Business Overview
        7.2.3 Blume Global Freight Audit and Payment Service Major Product Offerings
        7.2.4 Blume Global Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.2.5 Blume Global Key News & Latest Developments
    7.3 Cass Information Systems
        7.3.1 Cass Information Systems Company Summary
        7.3.2 Cass Information Systems Business Overview
        7.3.3 Cass Information Systems Freight Audit and Payment Service Major Product Offerings
        7.3.4 Cass Information Systems Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.3.5 Cass Information Systems Key News & Latest Developments
    7.4 ControlPay
        7.4.1 ControlPay Company Summary
        7.4.2 ControlPay Business Overview
        7.4.3 ControlPay Freight Audit and Payment Service Major Product Offerings
        7.4.4 ControlPay Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.4.5 ControlPay Key News & Latest Developments
    7.5 CT Logistics
        7.5.1 CT Logistics Company Summary
        7.5.2 CT Logistics Business Overview
        7.5.3 CT Logistics Freight Audit and Payment Service Major Product Offerings
        7.5.4 CT Logistics Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.5.5 CT Logistics Key News & Latest Developments
    7.6 CTSI-Global
        7.6.1 CTSI-Global Company Summary
        7.6.2 CTSI-Global Business Overview
        7.6.3 CTSI-Global Freight Audit and Payment Service Major Product Offerings
        7.6.4 CTSI-Global Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.6.5 CTSI-Global Key News & Latest Developments
    7.7 Data2Logistics
        7.7.1 Data2Logistics Company Summary
        7.7.2 Data2Logistics Business Overview
        7.7.3 Data2Logistics Freight Audit and Payment Service Major Product Offerings
        7.7.4 Data2Logistics Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.7.5 Data2Logistics Key News & Latest Developments
    7.8 enVista
        7.8.1 enVista Company Summary
        7.8.2 enVista Business Overview
        7.8.3 enVista Freight Audit and Payment Service Major Product Offerings
        7.8.4 enVista Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.8.5 enVista Key News & Latest Developments
    7.9 Green Mountain Technology
        7.9.1 Green Mountain Technology Company Summary
        7.9.2 Green Mountain Technology Business Overview
        7.9.3 Green Mountain Technology Freight Audit and Payment Service Major Product Offerings
        7.9.4 Green Mountain Technology Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.9.5 Green Mountain Technology Key News & Latest Developments
    7.10 Intelligent Audit
        7.10.1 Intelligent Audit Company Summary
        7.10.2 Intelligent Audit Business Overview
        7.10.3 Intelligent Audit Freight Audit and Payment Service Major Product Offerings
        7.10.4 Intelligent Audit Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.10.5 Intelligent Audit Key News & Latest Developments
    7.11 INTERLOG
        7.11.1 INTERLOG Company Summary
        7.11.2 INTERLOG Business Overview
        7.11.3 INTERLOG Freight Audit and Payment Service Major Product Offerings
        7.11.4 INTERLOG Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.11.5 INTERLOG Key News & Latest Developments
    7.12 nVision Global
        7.12.1 nVision Global Company Summary
        7.12.2 nVision Global Business Overview
        7.12.3 nVision Global Freight Audit and Payment Service Major Product Offerings
        7.12.4 nVision Global Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.12.5 nVision Global Key News & Latest Developments
    7.13 RateLinx
        7.13.1 RateLinx Company Summary
        7.13.2 RateLinx Business Overview
        7.13.3 RateLinx Freight Audit and Payment Service Major Product Offerings
        7.13.4 RateLinx Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.13.5 RateLinx Key News & Latest Developments
    7.14 Software Solutions Unlimited
        7.14.1 Software Solutions Unlimited Company Summary
        7.14.2 Software Solutions Unlimited Business Overview
        7.14.3 Software Solutions Unlimited Freight Audit and Payment Service Major Product Offerings
        7.14.4 Software Solutions Unlimited Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.14.5 Software Solutions Unlimited Key News & Latest Developments
    7.15 TranzAct
        7.15.1 TranzAct Company Summary
        7.15.2 TranzAct Business Overview
        7.15.3 TranzAct Freight Audit and Payment Service Major Product Offerings
        7.15.4 TranzAct Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.15.5 TranzAct Key News & Latest Developments
    7.16 Trax
        7.16.1 Trax Company Summary
        7.16.2 Trax Business Overview
        7.16.3 Trax Freight Audit and Payment Service Major Product Offerings
        7.16.4 Trax Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.16.5 Trax Key News & Latest Developments
    7.17 U.S. Bank
        7.17.1 U.S. Bank Company Summary
        7.17.2 U.S. Bank Business Overview
        7.17.3 U.S. Bank Freight Audit and Payment Service Major Product Offerings
        7.17.4 U.S. Bank Freight Audit and Payment Service Revenue in Global Market (2018-2023)
        7.17.5 U.S. Bank Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Freight Audit and Payment Service Market, Global Outlook and Forecast 2023-2029

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