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Case Study of Claims & Freight Payable

This is a research report on Case Study of Claims & Freight Payable uploaded by Bhaumik Rathod in category: All Documents »  Others section of our research repository.
605 views, 0 comments, Last Update: Jun 30, 2013.
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Category: All Documents  »  Others

Tags: Claims , Freight , Freight Payable , Payable
Description:
The freight payment industry was actually formed by a series of Banks when the transportation marketplace was heavily regulated. Motor carrier bills had to be paid within 7 days and rail bills needed to be paid within 5 days. To meet this requirement the banking community, shippers, and carriers formed what was known as The National Association of Freight Payment Banks.



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