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Blockchain and freight payment
| 题名： | Blockchain and freight payment |
| 正文语种： | eng |
| 作者： | Peter Moore |
| 作者单位： | Logistics Training Center and Georgia College and State University in the MSCLM Graduate Program and The University of South Carolina Beaufort |
| 摘要： | IN A RECENT LTL FREIGHT CLASS held online by SMC, three LTL executive guest panelists responded to a question about freight payment. I was surprised by their answer. The three major carriers responded that they were still dealing largely with paper invoices and pre-audit/ pay firms and post auditors all locked into match-pay processes. Indeed, this is a very expensive process for the carrier to receive payment as well as for payables processing on the part of the shipper. Let's see if it could be done better. But first, let's consider this business case. LTL freight is estimated to be a $35 bil-lion-per-year market sector, with 25 carriers invoicing 90% of that. Let's say billing and collections costs are a mere 3% of revenue. For the moment, we'll ignore uncollected receivables and consider counting administration, collections, and borrowing on receivables. |
| 出版年： | 2021 |
| 期刊名称： | Logistics Management |
| 卷： | 60 |
| 期： | 1 |
| 页码： | 16-16 |
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