
Freight claims management enhances 3PL service
Claims Management solutions help Progeny Logistics reduce manual processes, automate communications and prevent recurring freight claims.
Freight Claims Management technology helps shippers and carriers reduce costs by automating manual processes, minimizing data errors and speeding up recovery and resolution.
TALK TO AN EXPERTFreight Claims Management technology centralizes data and automates processes to streamline all types of freight claims. By eliminating paper-based workflows, postage, faxing and file management, it cuts administrative costs and reduces data errors.
“It makes life so much easier because you have a flexible built-in workflow and system, and you can create your own reports. Claims are not a value-added trait to the supply chain system. Subsequently, anything that you can drive down from a claims scenario is a safe sale, and it increases your sale dollar.”
Claims Management solutions help Progeny Logistics reduce manual processes, automate communications and prevent recurring freight claims.
A freight claim is a formal request for financial reimbursement filed by a shipper or consignee to a carrier when a shipment is lost, damaged, delayed or when there is an overcharge. Claims can be filed against the transportation carrier and may involve any of over 400 different claim codes related to issues like packaging, delivery errors or cargo damage.
Freight Claims Management is the process of recovering costs when a shipment is lost, damaged (OS&D claim) or delayed during transportation. It involves documenting, reporting and resolving freight claim incidents with the responsible freight transportation provider. Effective freight Claims Management also includes root cause analysis to identify the underlying issues and prevent future incidents.
Freight claims technology is designed to help shippers, carriers and third-party logistics providers (3PLs) efficiently record, report and resolve freight claims. By automating processes and centralizing document storage, the technology streamlines recovery and reimbursement requirements.
Shippers and 3PLs use the technology to manage and track claims, while carriers can convert incidents into claims, keeping all necessary documentation, client details and salvage information in a single cloud-based system.
Additionally, freight claims technology enables users to analyze claims data, helping to identify and eliminate recurring issues.
OS&D stands for Over, Short and Damaged. It refers to freight shipments where cargo is either over-shipped (more than expected), short-shipped (less than expected) or damaged. OS&D incidents typically lead to the filing of a freight claim to recover financial reimbursement for the value of the affected or lost cargo.