Procurement Market Intelligence Report
Freight Payment Services
Sourcing Guide & Market Intelligence
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United States
Europe
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Freight Payment Services Global Overview
Definition
Summary
Freight payment services allow businesses to outsource accounts payable processes associated with shipping to independent carriers. Providers of this service receive invoices on behalf of the buyer and then conduct invoice validation, data entry, and rate audits, as well as facilitate carrier payments. Freight payment service suppliers have also been increasingly providing data analytics tools to give clients insight into their shipping spend.
This Report Includes:
- Invoice validation
- Data entry
- Rate audits
- Facilitation of carrier payments
Not in this Report:
- Freight fulfillment services
- Logistics services
Global Freight Payment Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 445 |
| #2 United States | 245 |
| #3 Oceania & Southeast Asia | 220 |
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2
Geography Drilldown - US & Europe
Average Cost of Freight Payment Services
United States
2026 Market Pricing$0.00 to $XX.XX
per invoiceEurope
Average Price
Prices in the Freight Payment Services market range from $0.00 to $XX.XX, depending on Invoice communication method, Shipping mode, Scope of services and Processing volume. For example, lower prices are associated with Reduced communication ($1 to $3 per invoice), whereas higher prices are associated with Extensive communication ($3 to $7 per invoice).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Freight Payment Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Freight Payment Services market, prices in the US have grown 3.4% from 2022 to 2025. Meanwhile, the recent three-year CAGR for Europe is +1.8%.
United States (2022-2025)
Europe (2022-2025)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Freight Payment Services
Total cost of ownership is Low in the Freight Payment Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Cancellations may raise the total cost of ownership unexpectedly.
Negotiated Before
Customization
Billed During
Upgrades
Unforeseen
Cancellations
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -2.3 in the United States. Buyer power is most positively impacted by Price Driver Volatility. It is most negatively impacted by Availability of Substitutes. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Office Supply Stores
- Computer & Software Wholesalers
- Internet Service Providers
2nd
Tier Suppliers
- Office Supply Manufacturers
- Computer Manufacturers
- Telecom Networking Equipment Manufacturers
Biggest Freight Payment Services Suppliers in the US by Revenue
The largest Freight Payment Services vendors by revenue in the US are CT Logistics, Cass Information Systems, Inc. and Citigroup inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Citigroup inc. | Global | NEW YORK, NY | >10,000 | 10-15 | ||||
| Cass Information Systems, Inc. | Global | ST. LOUIS, MO | 1,001-10,000 | 15-20 | ||||
| Data2Logistics LLC | Global | Fort Myers, FL | 1,001-10,000 | 5-10 | ||||
| nVision Global Technology Solutions, Inc. | Global | McDonough, GA | 501-1,000 | 5-10 | ||||
| Continental Traffic Service Inc. | Global | Memphis, TN | 101-250 | 5-10 | ||||
| U S Bancorp | National | MINNEAPOLIS, MN | >10,000 | < 5 | ||||
| A3 Freight Payment | Global | Memphis, TN | 25-50 | < 5 | ||||
| U Route LLC | National | Southfield, MI | <25 | < 5 | ||||
| CT Logistics | Global | Cleveland, OH | 51-100 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Freight Payment Services market is 20.3% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Wages. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Average vendor risk is low in the freight payment service market due to strong profit levels and contract lengths.
Suppliers are currently experiencing moderate supply chain risks stemming from supply chain disruptions caused by the coronavirus pandemic and Russia-Ukraine War. Because suppliers do not need to regularly procure key inputs to provide freight payment services, there is little chance of upstream supply or price fluctuations that could impact market prices or buyer power.
ProcurementIQ estimates that there are 245 vendors in this market. The market for freight payment services is highly concentrated, with the top three firms collectively holding more than 50.0% of market revenue.
The United States is a net importer of computers, meaning it imports more computers than it exports. While lower manufacturing costs abroad drive down prices for imported computers, relying on imports can lead to potential shortages or price increases if there are supply chain disruptions due to geopolitical tensions, trade disputes, or global crises.
Supplier Information
Citigroup inc.
Citigroup inc. is a public company operating globally in the finance and insurance and professional, scientific and technical services sectors. The company's offerings include lockbox services, freight payment services, project financing services, corporate treasury services, business credit card services.... Subscribe to learn more
Cass Information Systems, Inc.
Cass Information Systems, Inc. is a public company operating globally in the professional, scientific and technical services and administration, business support and waste management services sectors. The company's offerings include energy data management services, parcel audit services and freight payment... Subscribe to learn more
Continental Traffic Service Inc.
Continental Traffic Service Inc. is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include freight payment services. Founded in 1957, the company is currently headquartered in Memphis, Tennessee, United States of America with an estimated... Subscribe to learn more
Data2Logistics LLC
Data2Logistics LLC is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include freight payment services. Founded in 2002, the company is currently headquartered in Fort Myers, Florida, United States of America with an estimated 5500 Subscribe to learn more
nVision Global Technology Solutions, Inc.
nVision Global Technology Solutions, Inc. is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include freight payment services. Founded in 1992, the company is currently headquartered in McDonough, Georgia, United States of America with... Subscribe to learn more
A3 Freight Payment
A3 Freight Payment is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include freight payment services. Founded in 2012, the company is currently headquartered in Memphis, Tennessee, United States of America with an estimated 37 employees.... Subscribe to learn more
CT Logistics
CT Logistics is a private company operating globally in the professional, scientific & technical services sector. The company's offerings include freight payment services. Founded in 1923, the company is currently headquartered in Cleveland, Ohio, United States of America with an estimated 75 employees. Subscribe to learn more
Technical Traffic Consultants Corp.
Technical Traffic Consultants Corp. is a private company operating nationally in the professional, scientific & technical services sector. The company's offerings include freight payment services. Founded in 1973, the company is currently headquartered in Congers, New York, United States of America with an... Subscribe to learn more
U Route LLC
U Route LLC is a private company operating nationally in the professional, scientific & technical services sector. The company's offerings include freight payment services. Founded in 2007, the company is currently headquartered in Southfield, Michigan, United States of America with an estimated 25 employees.... Subscribe to learn more
Accelerate the vendor selection process
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Procurement Management KPIs for the Freight Payment Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Resolution Time and Critical Bugs. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Pricing and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Resolution Time |
|
Length of time from query to solution Number of times that resolutions are not met. |
Vendors should be measured on their ability to quickly resolve issues. The resolution time will drastically affect a buyer's relationship with their customers. |
| Critical Bugs |
|
Number of flagged system bugs Severity of system bugs |
If there are critical bugs, this can result in inefficient work or downtime. Bugs in the system will jeopardize a buyer's reputation. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
Can you provide me with a few references, including from a new client and an established client?
Do you have case studies demonstrating your cost savings abilities?
Supply Chain Risk
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Competition
What incentives do you provide long-term clients to stay with your company?
What is your client turnover rate?
The ultimate prep for procurement negotations
View all 28 negotiation questions for this category when you subscribe.
Freight Payment Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide background information on their company and general freight activity.
Buyers should provide a detailed description of their operational structure, including to whom vendors will report.
Statement Of Need
Buyers should specify the mode of carrier transportation for which invoices are regularly received from.
Buyers should describe the length of contract they are looking for.
Project Budget
Buyers should explicitly state the amount for their ideal budget.
Buyers should explain the schedule with which payments will be made.
The RFP process made easy
Find out how you can access RFP templates for 800+ procurement categories to start writing better, more consistent RFPs.
We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
